Sorry, that should have read, "To which I say "Bravo for them." since international patent law is currently written so that researchers aren't allowed to even research cures on certain diseases without paying royalties to anyone who has cloned a virus and 'owns' its genome, and needs to be rewritten.
Interesting article on how one pharm co. is going to sell its $1,000/pill wonder drug for 1% of this price in India in an effort to keep hold of this market. This is an admission that India and China can reverse engineer anything they can get their hands and ignore international patent law. Which I say "Bravo for them, since international patent law needs to be rewritten so that researchers aren't allowed to even research cures on certain diseases without paying royalties to anyone who has cloned a virus and 'owns' its genome.
http://www.nytimes.com/2014/09/16/business/international/maker-of-hepatitis-c-drug-strikes-deal-on-generics-for-poor-countries.html?
"......In the United States, Sovaldi costs $1,000 a pill, or $84,000 for a typical 12-week course of treatment. It is likely to be sold for less than $1,800 for a 24-week course of treatment in India, where people are generally infected with a different form of the virus and treatment regimens can take twice as long.
Gilead plans to introduce the drug in India for about $10 a pill — 1 percent of the price in the United States, Gregg H. Alton, Gilead’s executive vice president, said at a news conference. That is likely to force the seven Indian generics companies to price their pills even lower, said Bhavesh B. Shah, director of international marketing at Hetero Drugs Limited, one of Gilead’s Indian partners........"
" But it's still the highest per capita spending in the world, at $2.9 trillion for 2013, or $9,255 per person. "
That's terrific news. Rates and premiums are set to go up for a lot of folks, and still.... the root of the problem isn't being addressed. Pharma has a choke on anyone needing medicine and medical devices and procedures are not strictly regulated. The cost of any procedure or device can vary widely in a big city with numerous hospitals.
So.... we raise premiums....
Oh yeah. This was supposed to be about sticking el' in a time capsule.
https://www.youtube.com/watch?v=wN7RW0eZtDw
Growth in U.S. Health Spending the Lowest On Record
http://www.nbcnews.com/health/health-care/growth-u-s-health-spending-lowest-record-n260846
"U.S. healthcare spending grew at the lowest rate ever recorded last year, in defiance of predictions that it would surge this year with Obamacare, experts said Wednesday. But it's still the highest per capita spending in the world, at $2.9 trillion for 2013, or $9,255 per person.
The growth rate was 3.6 percent, the actuaries at the Centers for Medicare and Medicaid Services reported. It's a continuation of a five-year trend and in line with the general slow economic recovery, they report in the journal Health Affairs. But health spending still accounts for more than 17 percent of the gross domestic product.
"The key question is whether health spending growth will accelerate once economic conditions improve significantly," said Micah Hartman, a statistician in the Office of the Actuary at CMS, who led the team of analysts. "Historical evidence suggests it will."
Spending grew just slightly in all areas of health care, but growth was slow for private health insurance, where premiums went up by just 2.8 percent; the Medicare federal health program, where spending grew by 3.4 percent; and hospital spending at 4.3 percent.
American consumers also spent only a little more, with out-of-pocket spending up just 3.2 percent.
The same team predicted last year that growth would pick up in 2014, to 6 percent, in large part because of more Medicaid spending under the 2010 Affordable Care Act and as millions signed up for health insurance on the new exchanges. That didn't happen.
Jason Furman, chairman of the White House Council of Economic Advisers, says there's growing evidence that policies are driving down costs. "With each passing year, it becomes increasingly difficult to explain why and how the 2007-2009 recession could still be exerting significant downward pressure on health care spending growth and, thus, increasingly implausible that the recession is the main explanation for that slow growth," he wrote in a blog post."
Never fear, Obama is here!
How'd you get "free" obamacare? I even have to pay for my Medicare, "plus" my supplement... Oh yeah, I forgot -- they robbed Medicare to pay for obamacare... guess I should have kept working so I could afford the cost, shouldn't I?
Healthcare cost is going up?
should have read, what it will cost, how it will be financed and what it will cover (which is looking like an 80% gold plan)
It's rolling around to the time when those in Vt will find out what the cost and "single payer" healthcare is going to cost.
opening volley
"EXCLUSIVE: SINGLE PAYER FINANCING LIKELY TO START WITH 8 PERCENT PAYROLL TAX"
http://vtdigger.org/2014/12/04/single-payer-financing-likely-start-8-percent-payroll-tax/
Compared to interstellar travel at near light-speed... universal healthcare is mundane.
And in 200 years, universal healthcare won't be an issue.
As usual, you missed the point completely.
And healthcare for all?
Mundane? I suspect you'd feel a lot differently if you were dying of a disease because you didn't have healthcare.....and you're family was bankrupt because of it. Then healthcare for all wouldn't seem so mundane.
I hope we stay the course. Man is built/designed (has evolved) to explore. It's what "we" do, as a species. We discover. We explore. We create. We invent. We ponder.
This isn't exactly a "Do you remember where you were when X-Y-Z happened?" moment (ie: Challenger explosion, 9/11, Kennedy assassination, OJ Simpson verdict read, etc), but I will FOR SURE remember this moment for the rest of my life.
We're headed to the stars (Moon first, then Mars, then... who knows), but we've gotta start somewhere, and this is a MASSIVE milestone.
I wish I could go to sleep and not wake up for 200 years. I'd like to see where we are, space-travel'wise, in 200-250 years. Ion propulsion engines? Artificial gravity of some type? Lunar settlements? Terra forming of Mars?
Just 111 years ago, if you'd told someone that we'd have little vehicles roaming around MARS taking samples and pictures, and that we could put a 40 TONS aircraft in the air, or land on the moon, you'd have been laughed at.
Just think of what the NEXT 100 years will bring.
The mind boggles at the possibilities.
And we're quibbling and arguing about 5million mexican's being made legal? And healthcare for all? And a petroleum pipeline? And whatever other mundane/boring b/s the folks in DC deem important THIS week?
I just want to go to sleep.