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this post was submitted on 05 May 2024
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What’s most pathetic is the scale. $2.1 million may seem like a lot for a single use drug, but that $2.1 mil loss dissipated out to shareholders probably isn’t so much. I don’t have the exact numbers but I’ll bet the loss of revenue isn’t even a blip to the average shareholder income.
They’re killing newborns based for what amounts to nothing to them. It’s sick.
It's not a loss if nobody was going to pay that much anyway. It's like IP owner's wildly inflated claims of losses due to piracy.
I get It though. I fucking disagree with it, but I get it. They're a company playing by US rules. If they make an exception for these babiesz they'll have to make exceptions for others too. It's evil, but so is the entire "game" that's being played here. It makes people evil, so change the game
Why do they have to be exceptions? Isn't covering unexpected high costs the entire fucking point of insurance in the first place?
No. The point of insurance, as it is right now, is akin to a game of slots in a casino. You keep on swiping your card and expecting a payout on the next pull. You see someone else win big and you hope for that.
But the house always wins. If the house wasn't winning, they wouldn't be in the casino business, they'd be bankrupt.
Except in this case your forced to keep playing, because the parking garage is so damn expensive nobody could leave until they win the jackpot. But they don't tell you about how expensive the garage is until 3 weeks after you park.
Yeah but that is pretty much what I'm saying. The game is fucked. The players like these insurrance companies are fucked but that is mostly because the game is fucked.
Government needs to change the rules, but good luck with that.
What revenue are talking about?
Revenue is probably the wrong word. “Stock Price” or “value” or whatever. You know what I mean though.
No, I don't know what you mean. Because you're clearly confusing what insurers do and what pharmas do.
Wait, so Insurance companies aren’t publicly traded companies with stockholders? Dropping a covered drug so they wouldn’t have to pay out isn’t protecting their stock price? Maybe I am confused.
What are you even talking about? You are confused, mate.
I don’t think you understand how American health insurance companies work.