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View Poll Results: Are we getting ripped off with health care system?
Yes, it's time for reform 21 87.50%
No, I love to pay $100 for a bottle of medicine 3 12.50%
Voters: 24. You may not vote on this poll

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Old 12-18-2009, 11:48 AM
 
4,173 posts, read 6,687,885 times
Reputation: 1216

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Marketing Outstrips R&D Spending 2-1: Study // Pharmalot

Also notice Pharma is much more profitable than insurance companies everyone is after. Agree - neither is a charity, nor should be.

http://biz.yahoo.com/p/sum_qpmd.html
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Old 12-18-2009, 11:52 AM
 
10,719 posts, read 20,300,551 times
Reputation: 10021
Quote:
Originally Posted by calmdude View Post
1. This is someone's blog

2. The source he sites is from an irreputable journal called "The Public Library of Science" It's another hack website. It uses a name like this to sound like Pub Med or a reputable site. It also uses the term "peer review" as a buzz word to sell the lay public that it is legitimate and respectable medical website.

3. The source did not conduct its own research. It simply wrote a paper that cited other written papers and some government sources. It's the equivalent of a college student writing a thesis and supporting his opinion from published sources.
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Old 12-18-2009, 11:54 AM
 
Location: Reading, PA
4,011 posts, read 4,426,570 times
Reputation: 843
Quote:
Originally Posted by swagger View Post
I'd really like to see the source of this information.
Here's a review of a book.... The Truth About the Drug Companies - The New York Review of Books

This is not a big secret.

This is from 1999 but it's a nice little easy to read chart that shows how much is spent on R&D vs COGS vs marketing & administration. Nothing much has changed. Pharmaceutical company expenses: Cost of sales, Marketing, R&D compared
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Old 12-18-2009, 11:58 AM
 
4,173 posts, read 6,687,885 times
Reputation: 1216
Quote:
Originally Posted by azriverfan. View Post
1. This is someone's blog

2. The source he sites is from an irreputable journal called "The Public Library of Science" It's another hack website. It uses a name like this to sound like Pub Med or a reputable site. It also uses the term "peer review" as a buzz word to sell the lay public that it is legitimate and respectable medical website.

3. The source did not conduct its own research. It simply wrote a paper that cited other written papers and some government sources. It's the equivalent of a college student writing a thesis and supporting his opinion from published sources.
ok .. lets us see something "credible".
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Old 12-18-2009, 11:59 AM
 
10,719 posts, read 20,300,551 times
Reputation: 10021
Quote:
Originally Posted by Sagran View Post
Here's a review of a book.... The Truth About the Drug Companies - The New York Review of Books

This is not a big secret.

This is from 1999 but it's a nice little easy to read chart that shows how much is spent on R&D vs COGS vs marketing and administration. Nothing much has changed. Pharmaceutical company expenses: Cost of sales, Marketing, R&D compared
Again, you provided a book written by an author who has his own biases. That's hardly evidence

The other site is laughably called the "The Consumer Project on Technology" aka another hack website trying to sound legitimate

Also, in case no one noticed, it's not the New York Times Book Review. It is some random site called The New York Review
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Old 12-18-2009, 12:02 PM
 
10,719 posts, read 20,300,551 times
Reputation: 10021
Quote:
Originally Posted by calmdude View Post
ok .. lets us see something "credible".
You made the claim, it's your job to support that. It's not my job to refute it.
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Old 12-18-2009, 12:04 PM
 
13,650 posts, read 20,780,689 times
Reputation: 7651
I'd say its game, set, match- azriverfan.
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Old 12-18-2009, 12:07 PM
 
Location: London, U.K.
3,006 posts, read 3,871,484 times
Reputation: 1750
Ok i'm wrong, it was years ago I read that statistic. It looks like its about 2-3 times.
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Old 12-18-2009, 12:19 PM
 
10,719 posts, read 20,300,551 times
Reputation: 10021
Quote:
Originally Posted by archineer View Post
Ok i'm wrong, it was years ago I read that statistic. It looks like its about 2-3 times.
Oh, okay now we are convinced
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Old 12-18-2009, 12:21 PM
 
Location: Reading, PA
4,011 posts, read 4,426,570 times
Reputation: 843
Quote:
Originally Posted by azriverfan. View Post
2. The source he sites is from an irreputable journal called "The Public Library of Science" It's another hack website. It uses a name like this to sound like Pub Med or a reputable site. It also uses the term "peer review" as a buzz word to sell the lay public that it is legitimate and respectable medical website.
For those who want to judge PLoS for themselves, here's what Wiki has to say. Public Library of Science - Wikipedia, the free encyclopedia As always, if you don't like Wiki, ignore what it says but use the footnotes and references for original source of the information.
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