[3650] in Privacy_Forum
[ PRIVACY Forum ] US drug company raises drug price from $50 to $28K
daemon@ATHENA.MIT.EDU (PRIVACY Forum mailing list)
Sat Dec 29 22:57:50 2012
Date: Sat, 29 Dec 2012 19:45:37 -0800
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US drug company raises drug price from $50 to $28K per vial
"The doctor was dumbfounded: a drug that used to cost $50 was now
selling for $28,000 for a 5-milliliter vial ... In other words,
Questcor shifts the cost onto insurance companies while staving off
consumer protests. It has a staff of 30 people who do nothing but work
on insurance reimbursements - about one staff member for each of the
roughly 30 prescriptions it gets in a typical day for all uses ...
Executives are paid well, too. In 2009, Mr. Bailey hired his daughter
Kirsten Fereday as director of business analytics and evaluation, a
job that paid $275,000 in cash and stock last year."
- - -
Welcome to the USA - home of "the best medical system in the world" --
as Big Pharma and the Fat Cats like to say.
--Lauren--
Lauren Weinstein (lauren@vortex.com): http://www.vortex.com/lauren
Co-Founder: People For Internet Responsibility: http://www.pfir.org/pfir-info
Founder:
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- PRIVACY Forum: http://www.vortex.com/privacy-info
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Member: ACM Committee on Computers and Public Policy
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Tel: +1 (818) 225-2800 / Skype: vortex.com
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