The reason why these drugs are expensive has nothing to do with technology. Many of them are very cheap to produce. The problem is that pharmaceutical companies have patented them for at least 10 years and so nobody can make these drugs during this period and we will have to pay a high prie for them.Originally posted by ndmmxiaomayi:Basically, Singapore is not like other countries, who is willing subsidize a lot. Singapore's economy is not as strong as the countries even though we are quite developed when compared with other Asian countries. Our economy cannot support these huge subsidies. If we want, our people have to pay more taxes and higher taxes. This will cause a lot of Singaporeans to migrate and therefore losing our first and only resource - humans.
If we lose this only resource, we will get poorer, and maybe we will no longer able to subsidize all the medication we are taking now.
Another thing is that Singapore doesn't like to give free gifts. This will result in misuse. One very good example is Britain. Because their healthcare is free, they misuse it. We don't want this as this will cripple our economy.
Although I understood what you mean, these drugs can be further improved and therefore could be cheaper. As technology evolves very fast, these drugs will be cheaper in a few years' time and the government will consider to subsidize it.
We have to wait at least 10 years so that people can pay a lower price for it? If saving lives are so important, why do they want to make it so expensive? Pricing them lower will not hurt their profits anyway. Probably part of the money goes into R&D, to make the drugs better and reduce the side effects.Originally posted by oxford mushroom:The reason why these drugs are expensive has nothing to do with technology. Many of them are very cheap to produce. The problem is that pharmaceutical companies have patented them for at least 10 years and so nobody can make these drugs during this period and we will have to pay a high prie for them.
Sorry...my mistake. The patent period is 20 years, not 10!Originally posted by ndmmxiaomayi:We have to wait at least 10 years so that people can pay a lower price for it? If saving lives are so important, why do they want to make it so expensive? Pricing them lower will not hurt their profits anyway. Probably part of the money goes into R&D, to make the drugs better and reduce the side effects.
20 years a bit too long. By then, newer drugs would have been out. 10 years can accept. R&D not easy, so I give 10 years' grace.Originally posted by oxford mushroom:Sorry...my mistake. The patent period is 20 years, not 10!
So you will only get to buy at close to cost price drugs that are 20 years old. If Singaporeans are willing to accept that, then it's not a problem.
You are right that pricing them lower will not hurt their profits but you are wrong to suppose that they are in the market to save lives. The pharmaceutical industry is the most profitable...why do you think Singapore is getting into this game.
They often quote the cost of R&D, which is only partly true. The fact is that they earn huge sums of money...in fact, of my investment portfolio, I must admit that the best performers have been those in the biotech industry.
Why are our ministers working as ministers? Because they want to serve Singapore?Originally posted by ndmmxiaomayi:If they are not in the market to save lives, why are they into it? Just because they are profitable?
In rupiah will pay. Sing dollars no. And like you said, it is cheap to produce the drugs. I will rather open a pharmaceutical company and make the drug myself and give my parent the drug.Originally posted by oxford mushroom:Why are our ministers working as ministers? Because they want to serve Singapore?
But this is not the intention of this thread....the question is, will you pay $3000 a month for your parent who has cancer and needs a drug that will prolong his life by 6 months? Do you think it is worth it?
They will sue you for violating their patent..Originally posted by ndmmxiaomayi:In rupiah will pay. Sing dollars no. And like you said, it is cheap to produce the drugs. I will rather open a pharmaceutical company and make the drug myself and give my parent the drug.
LOL, sue me for violating their patent. Then steal drugs to give my parents best. Free, no violation of patent, no death sentence. If got extra drugs, still can give others, people will see me as Robin Hood also.Originally posted by oxford mushroom:They will sue you for violating their patent..
How about smuggling generic medicine to sell to the poor? There's no death sentence and even if you are caught, most people will consider you a robin hood.
unless you have partners like Little John, I doubt you are going that far...Originally posted by ndmmxiaomayi:LOL, sue me for violating their patent. Then steal drugs to give my parents best. Free, no violation of patent, no death sentence. If got extra drugs, still can give others, people will see me as Robin Hood also.
Let me quote their maxim: it is profitable to save livesOriginally posted by ndmmxiaomayi:If they are not in the market to save lives, why are they into it? Just because they are profitable?
Sometimes that is easier said than done. It is difficult to tell a cancer patient and his family that there is a treatment that can remove the cancer and give him possibly a few extra years of life but that the treatment will cost him more than $10,000. The patient and his family will naturally demand the medication even if they cannot afford it and it puts the medical doctor in a very difficult position.Originally posted by zodi:Perhaps doctors can at least inform your patients the price differences between the various medicine options available BEFORE prescribing?
I believe patients &/or their immediate families would appreciate making informed decisions. In general, they should be the one making the economical decision while the doctors make the medical recommendations/decisions?
well even coffins aren't cheap//Originally posted by dragg:it is always the same thing isnt it?
you have money, you have the best.
you have no money, i put you to rest.