U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 12-16-2008, 07:43 AM
 
Location: Heartland Florida
9,324 posts, read 24,274,135 times
Reputation: 4927

Advertisements

The drug companies rarely innovate at all. Their goal is to get as many people on "me too" drugs they really do not need. Viagra, lipitor, vesicare, and all the other rat poison they advertise and sell. Drug companies simply rename old drugs and resell them. I bet that 80% of the chemicals they sell are unnecessary and if people stopped taking them they would be healthier. Medical devices are able to be made anywhere with a manufacturing base. India has that capability already, and I believe that they will innovate where bloated US companies just overcharge and get fat, protected by big government like the FDA. If so much "cutting edge" medicine is here in the us, why has no cure been found for paralysis, no effective cancer cure, no treatments for aging and no cure for aids? The US medical system is a joke and in serious decline.
Reply With Quote Quick reply to this message

 
Old 12-16-2008, 02:47 PM
 
13,086 posts, read 19,262,128 times
Reputation: 21470
The FDA heavily regulates medical devices (drugs too of course, but that's a different topic). I guarantee hospitals in the U.S. won't be dealing with non-FDA approved conterfiet medical equipment unless they want to be shut down or land in jail.

Medical device companies in turn are also heavily regulated by the FDA, even companies in China or India that want to do business in the U.S. If they fail an FDA audit they mine as well shut down, they aren't shipping medical equipment to the U.S. anytime soon.

That being said, medical equipment manufacturers are feeling the pain of the recession as well as governments and hospitals cut down on medical spending.

Some of the biggest medical device companies are already European, but have a huge presence in the U.S. GE is about the only large domestic company I can think of.
Reply With Quote Quick reply to this message
 
Old 12-16-2008, 03:18 PM
 
Location: Heartland Florida
9,324 posts, read 24,274,135 times
Reputation: 4927
All they have to do is ship patients overseas. Simple and perfectly legal. Good bye worthess FDA and the crooked drug companies.
Reply With Quote Quick reply to this message
 
Old 12-21-2008, 03:19 PM
 
4,182 posts, read 5,915,432 times
Reputation: 1726
Quote:
Originally Posted by tallrick View Post
All they have to do is ship patients overseas. Simple and perfectly legal. Good bye worthess FDA and the crooked drug companies.
Who's "they"?
Reply With Quote Quick reply to this message
 
Old 12-22-2008, 10:06 AM
 
Location: Heartland Florida
9,324 posts, read 24,274,135 times
Reputation: 4927
Quote:
Originally Posted by ndfmnlf View Post
Who's "they"?
Insurance companies, HMO's and cash customers themselves. What is the difference? Most doctors here seem to be from foreign nations anyway.
Reply With Quote Quick reply to this message
 
Old 12-22-2008, 07:30 PM
 
5,090 posts, read 10,047,301 times
Reputation: 3961
Quote:
Originally Posted by tallrick View Post
Insurance companies, HMO's and cash customers themselves. What is the difference? Most doctors here seem to be from foreign nations anyway.
Insurance companies and HMO are well served by the high rates. They work on commissions, incentives, and bonus (generally a percentage of the gross) so the bigger the number, the better. Further the high prices scare people into purchasing the insurance, or joining the HMOs. The industry (along with the AMA, and PharmCo Industry) act and lobby as an effective team.

The Cash Customers who can have already started what is called "Medical Tourism." We have it on the South border of Texas, and there are Markets for US citizens going to India for services, as well. I would guess that if the Embargo nonsense with Cuba were to allow it, there would be a large South Florida market traveling to Cuba for medical services, as well.
Reply With Quote Quick reply to this message
 
Old 12-22-2008, 08:17 PM
 
Location: Fort Myers Fl
2,305 posts, read 2,752,061 times
Reputation: 917
I do know that I would not want any medical device made in China used on me. They have a bad track record in many items they try to produce and when it comes to health care I will pay extra to get it done right.
Reply With Quote Quick reply to this message
 
Old 12-23-2008, 10:10 PM
 
Location: Heartland Florida
9,324 posts, read 24,274,135 times
Reputation: 4927
Quote:
Originally Posted by Philip T View Post
Insurance companies and HMO are well served by the high rates. They work on commissions, incentives, and bonus (generally a percentage of the gross) so the bigger the number, the better. Further the high prices scare people into purchasing the insurance, or joining the HMOs. The industry (along with the AMA, and PharmCo Industry) act and lobby as an effective team.

The Cash Customers who can have already started what is called "Medical Tourism." We have it on the South border of Texas, and there are Markets for US citizens going to India for services, as well. I would guess that if the Embargo nonsense with Cuba were to allow it, there would be a large South Florida market traveling to Cuba for medical services, as well.
I have been telling people I know about this idea for years. Cuba could make a small fortune by providing medical care at a fraction of the US cost. Contrary to popular belief, the medical system in the US is no better than any other developed nation anyway. A third world country like Cuba could easily cash in on its extensive supply of doctors and revive first world status. The ample supply of dying cuban refugees collecting social security would be a boon to the impoverished island. That is, till government assistance runs out. It would not be much of a stretch to see biotech companies operating out of Cuba to supply the industry.
Reply With Quote Quick reply to this message
 
Old 12-24-2008, 09:33 AM
 
4,182 posts, read 5,915,432 times
Reputation: 1726
Quote:
Originally Posted by tallrick View Post
The drug companies rarely innovate at all. Their goal is to get as many people on "me too" drugs they really do not need. Viagra, lipitor, vesicare, and all the other rat poison they advertise and sell. Drug companies simply rename old drugs and resell them. I bet that 80% of the chemicals they sell are unnecessary and if people stopped taking them they would be healthier. Medical devices are able to be made anywhere with a manufacturing base. India has that capability already, and I believe that they will innovate where bloated US companies just overcharge and get fat, protected by big government like the FDA. If so much "cutting edge" medicine is here in the us, why has no cure been found for paralysis, no effective cancer cure, no treatments for aging and no cure for aids? The US medical system is a joke and in serious decline.
The problem with the US health care system is in the delivery system (ie distorted incentives resulting in high cost). The problem is not in R&D/innovation. US companies still have the edge in R&D, due in large part to the large pool of research universities in the US from which these companies draw their ideas.

Don't confuse the failure of delivery of the US health care system with the failure of innovation. While India, China, Thailand, Cuba etc might be able to deliver health care at lower cost, the products that they deliver still originate from American innovation. This isn't to say that the US has a monopoly on innovation (or brains), but that the US (by accident of history) has simply had a headstart in R&D.

Your comment about there being no cure for aging is silly. Americans are actually living longer today compared to 100 years ago, thanks to successful control or eradication of formerly fatal childhood illnesses. But if you're looking for a cure to death or an elixir to eternal life, then you've got to be kidding.

Unfortunately, aging itself is associated with a spike in aging-related diseases (eg Alzheimer's, cancer, strokes, heart disease etc). So, while Americans are dying less from measles, small pox, etc, they will now die from a new set of conditions peculiar to old age.

Ironically, the prevalence of old age related diseases is a marker of success, not failure.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top