Cost of Solvadi for Hepatitis C Treatment: $900 in Saudi Arabia, $84,000 in the US (drugs, health care)
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Recently health insurers were crying that Sovaldi will cut into their profits by up to 10% due to the cost associated with a hepatitis C treatmen/Cure from Gilead, which is an outstanding $84000 for a full regimen of treatment.
I honestly could give less a crap about the for profit health insurance industry, as they are (in my opinion) part of the problem that is wrong with American health care. However, that is why I am not upset. The reason why I am upset is because that same drug, which costs $84K in the US for a full dose of treatment, only costs $900 for the same amount of treatment in Saudi Arabia.
They want to price it based on per capita income. But yet, the cost to develop the drug is still the same. So why do Saudi's get a HUGE discount while my fellow American's are allowed to be price gouge? Can any one freaking defend this!!!!!!!
Recently health insurers were crying that Sovaldi will cut into their profits by up to 10% due to the cost associated with a hepatitis C treatmen/Cure from Gilead, which is an outstanding $84000 for a full regimen of treatment.
I honestly could give less a crap about the for profit health insurance industry, as they are (in my opinion) part of the problem that is wrong with American health care. However, that is why I am not upset. The reason why I am upset is because that same drug, which costs $84K in the US for a full dose of treatment, only costs $900 for the same amount of treatment in Saudi Arabia.
They want to price it based on per capita income. But yet, the cost to develop the drug is still the same. So why do Saudi's get a HUGE discount while my fellow American's are allowed to be price gouge? Can any one freaking defend this!!!!!!!
That is not my point. The issue here is because of the cost, i wouldn't be surprised if insurers decide to drop it our of their formularies because of the costs. If the drug was sold at the same price in Saudi Arabia, you wouldn't even need insurance (well that depends, but lets say a middle class individual has a nest egg saved). You could receive treatment with cash outright and actually afford. My outrage is at the disparity in prices between different countries
That is not my point. The issue here is because of the cost, i wouldn't be surprised if insurers decide to drop it our of their formularies because of the costs. If the drug was sold at the same price in Saudi Arabia, you wouldn't even need insurance (well that depends, but lets say a middle class individual has a nest egg saved). You could receive treatment with cash outright and actually afford. My outrage is at the disparity in prices between different countries
I see your point now and yes, big pharma gouges us on Rx prices. Most countries negotiate Rx prices and don't pay for drugs just because they are newer though
It's probably because they have much better technology and many more resources.
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