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(ABC News)   Medicare copays for new Alzheimer's drug could reach $11,500. And if the drug doesn't work collection agencies will be there to help reminding you that you owe them money   (abcnews.go.com) divider line
    More: Asinine, Price, Food and Drug Administration, Medicare, United States Senate Committee on Finance, Pharmacology, Medicare premiums, year Alzheimer's drug, prescription drug prices  
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1067 clicks; posted to Main » on 11 Jun 2021 at 3:35 PM (10 days ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



48 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-06-11 3:36:32 PM  
U-S-A! U-S-A! U-S-A!

/sucks
 
2021-06-11 3:37:33 PM  
Biogen investors desperately looking for accountants so they can handle the incoming Cat 5 money storm.
 
2021-06-11 3:39:17 PM  
Sweet gig for collections. They get the money from the dementia paitient, then come back the next week and collect again.
 
2021-06-11 3:39:30 PM  
 
2021-06-11 3:40:33 PM  
Fark user imageView Full Size
 
2021-06-11 3:41:46 PM  
Well, it's a good thing that Biden said he had a plan to reduce drug prices and that all of his experience in the Senate and as Vice President means he'll be able to get some bipartisan legislation to help the American people with these kinds of exhorbitant drug costs.
 
2021-06-11 3:43:55 PM  
Honestly, the fact this drug was even approved is a scandal - 0 of 10 scientists on the review board voted to approve it, and not only doesn't it work- it is prone to causing brain swelling and other potentially deadly side effects.

So the commissioner approved it - for 9 years, and for all stages of Alzheimer's when it was only tested (unsuccessfully) on early stage Alzheimer's.

They need to follow the money trail - because someone was on the take - and needs to go to jail.
 
2021-06-11 3:44:39 PM  
I don't see Medicare approving too many people for this until the next batch of trials is done.
 
2021-06-11 3:45:23 PM  
memegenerator.netView Full Size
 
2021-06-11 3:45:39 PM  
Capitalism at its finest.
 
2021-06-11 3:47:00 PM  

New Rising Sun: [memegenerator.net image 315x178]


It's all for profit, we're even "smart enough" to have private companies administer public programs like Medicaid, that compete against their own HMO insurance plans.
 
2021-06-11 3:47:18 PM  

Walker: U-S-A! U-S-A! U-S-A!

/sucks


Hey, someone has to pay for all the TV commercials.
 
2021-06-11 3:48:31 PM  
I like the pricing methodology:

Well, we looked at what they were charging for this other stuff...and just picked this number because why not?
 
2021-06-11 3:53:19 PM  
LOL, and you thought they approved an ineffective drug.  Looks like it's working to me.
 
2021-06-11 4:03:41 PM  
If 500k people ae on it, costs come down. If 10 people are on it, compliance costs for the company are so high that if you want the drug, the cost has to be paid by SOMEONE.

The "Study" is BS.

The main problem is they expect the uptake on it to be low. So the costs will be high early on, and its covered, so the initial users will be expensive.

BUT they do their math on that initial cost, which the company prices on low uptake, then somehow assume the cost is the same if every old person is taking it.
 
2021-06-11 4:06:13 PM  

Private_Citizen: Honestly, the fact this drug was even approved is a scandal - 0 of 10 scientists on the review board voted to approve it, and not only doesn't it work- it is prone to causing brain swelling and other potentially deadly side effects.

So the commissioner approved it - for 9 years, and for all stages of Alzheimer's when it was only tested (unsuccessfully) on early stage Alzheimer's.

They need to follow the money trail - because someone was on the take - and needs to go to jail.


The commissioner is getting paid, guarantee.
 
2021-06-11 4:08:41 PM  

Weatherkiss: Well, it's a good thing that Biden said he had a plan to reduce drug prices and that all of his experience in the Senate and as Vice President means he'll be able to get some bipartisan legislation to help the American people with these kinds of exhorbitant drug costs.


Well, it WAS going to be $12000.


Are you not into trains???

Csb about me/ I'm on a drug that costs around $16,000 a dose and I need to take four a year. Some years five.  My copay was massive and I called to ask if they would reduce it and it went from a few thousand per dose to $5.
The drug companies would rather have some profit than zero.

I'm not giving them a pass on anything. Our pharma system needs to be lit on fire and killed in front of its children, what I'm trying to say is that there is a chance for waiving the copay where needed.

The drug I was on prior to this was almost as expensive, different company, and they waived their copay as well.  It can happen.
 
2021-06-11 4:09:30 PM  
'Murica.
 
2021-06-11 4:11:19 PM  

Another Government Employee: I don't see Medicare approving too many people for this until the next batch of trials is done.


Medicare doesn't cover hearing aids or exams for fitting hearing aids.  And they actually work.*

*So do inexpensive ($150) over the counter personal amplifiers. I've been using one for almost two years.
 
2021-06-11 4:14:42 PM  
Not having universal healthcare is a curse on this country.
 
2021-06-11 4:20:48 PM  

DarkSoulNoHope: New Rising Sun: [memegenerator.net image 315x178]

It's all for profit, we're even "smart enough" to have private companies administer public programs like Medicaid, that compete against their own HMO insurance plans.


Amen!  Our health system here in the States is absolutely pathetic!  I've been medically retired for a good 7 years now due to issues from 2 brain tumor surgeries. I'm on the "Guvment" plan now. (ouch) not fun at all.  Fortunately my parents are still around to take care of me, but who knows how much longer.
 
2021-06-11 4:21:40 PM  

Begoggle: Not having universal healthcare is a curse on this country.


Everyone that ever depended on socialized medicine is dead now.
 
2021-06-11 4:25:19 PM  
Market Researcher: "How much would it be worth to you to maintain and protect your memory, mood and judgment, virtually guaranteeing - cognitively speaking - your independence and human dignity as you age?

Patient: "Well, that's priceless."

Market Researcher: "Yes, it is, but just try to put a dollar amount on it."

Patient: "I don't know...a million dollars?"

Market Researcher: "Mmmm, yeah, but what if I told you that a miracle pill could do all of this and help you remember your children's and grandchildren's names and faces and how much you love each other? How much then?"

Patient: "Uh...one billion dollars, maybe?"

Market Researcher: "Now we're talking. OK, so tell me, could you afford to pay a billion dollars for this pill?"

Patient: "Hell no."

Market Researcher: (laughs) "Of course not, that would be ridiculous...but not illegal, just to be clear."
 
2021-06-11 4:25:26 PM  
"I don't remember getting the bill!"

Have you tried arguing with an Alzheimers patient?
 
2021-06-11 4:27:26 PM  
i don't know how pharmaceuticals work in the USA but i can tell you about x ray film and the various machines that develop and process radiographs.

the company i worked for was Japanese; i worked at the USA headquarters / warehouse. every piece of film, every machine, every spare part was bought from the company in Japan at mark-up.

we only sold direct to the largest hospitals and institutions; the USA headquarters would give away incredibly expensive machinery in order to get a film sales contract. everything was sold at mark up.

most film, machinery and parts were sold to Dealers who carried several x ray film brands like Agfa, Kodak, Konica and the like. everything sold to Dealers was marked up.

the Dealers who sold, installed and maintained equipment, parts and film marked everything up.

every Vet, Doc in the Box, Hospital et cetera marked up every radiograph to cover expenses and show profit.

by the time a Doctor looked at a x ray on a viewing box that film was marked up what, 5 times? 6 times?

And there you have it, a small glimpse as to why healthcare costs so damn much.
 
2021-06-11 4:29:51 PM  

natazha: Another Government Employee: I don't see Medicare approving too many people for this until the next batch of trials is done.

Medicare doesn't cover hearing aids or exams for fitting hearing aids.  And they actually work.*

*So do inexpensive ($150) over the counter personal amplifiers. I've been using one for almost two years.


CSB:  My grandfather had 2 hearing aids, and he told me that if he was bored of a conversation he would discreetly reach up and turn the volume down on them so he couldn't hear anything.

After he told me that I noticed something, he was bored a lot.  Wife talking to him during breakfast, volume down.  Religious friends come over, volume down.  Every time I started talking to him, volume down.
 
2021-06-11 4:30:31 PM  
I guess we wait until greater than 50% of the country has declared medical bankruptcy before we even seriously consider single payer?

/ silly me, we just make medical debt undischargeable in BK, like tuition and Herpes
 
2021-06-11 4:33:05 PM  
My mother is in the mid-stages.  She'd punch me in the nose at the suggestion of prolonging her life.
 
2021-06-11 4:34:42 PM  

MrSplifferton: natazha: Another Government Employee: I don't see Medicare approving too many people for this until the next batch of trials is done.

Medicare doesn't cover hearing aids or exams for fitting hearing aids.  And they actually work.*

*So do inexpensive ($150) over the counter personal amplifiers. I've been using one for almost two years.

CSB:  My grandfather had 2 hearing aids, and he told me that if he was bored of a conversation he would discreetly reach up and turn the volume down on them so he couldn't hear anything.

After he told me that I noticed something, he was bored a lot.  Wife talking to him during breakfast, volume down.  Religious friends come over, volume down.  Every time I started talking to him, volume down.


This describes my condition right now. I'm putting off hearing aids because my Meniere's-induced hearing loss ebbs and flows over the weeks. Since I'm relatively introverted, it's not as big a problem for me as it is my family. WFH has been my biggest issue, where some voices are loud/clear and others sound like they're calling from Pluto.
 
2021-06-11 4:36:29 PM  

Watubi: My mother is in the mid-stages.  She'd punch me in the nose at the suggestion of prolonging her life.


My dad is mid-late. I've seen enough to know if/when I get it, I won't be sticking around. May as well be the subject of Metallica's song "One".
 
2021-06-11 4:39:03 PM  

natazha: Another Government Employee: I don't see Medicare approving too many people for this until the next batch of trials is done.

Medicare doesn't cover hearing aids or exams for fitting hearing aids.  And they actually work.*

*So do inexpensive ($150) over the counter personal amplifiers. I've been using one for almost two years.


The wife wears aids. The medical grade ones are much more tunable to sound range you need. But if you can't swing the $1500 for low-end Costco ones, those will work.
 
2021-06-11 4:42:23 PM  

Watubi: My mother is in the mid-stages.  She'd punch me in the nose at the suggestion of prolonging her life.


She's probably tired of the HOA.
 
2021-06-11 4:44:29 PM  

Nick Nostril: I guess we wait until greater than 50% of the country has declared medical bankruptcy before we even seriously consider single payer?

/ silly me, we just make medical debt undischargeable in BK, like tuition and Herpes


Nah, what needs to happen is that we need to get rid of the political party who would burn the country to the ground just to spite the people who would vote for the other political party.
 
2021-06-11 4:54:39 PM  
The article says it doesn't do much.  Why go broke paying for it?
 
2021-06-11 5:02:48 PM  

G-doggy: The article says it doesn't do much.  Why go broke paying for it?


Two words: False Hope.

/The desperate will spend Anything to live - ESPECIALLY if it's insurance dollars they're spending.
//And Medicare is taxpayer subsidized.
///This drug needs slashed from the approved medicine list
 
2021-06-11 5:26:21 PM  

natazha: Another Government Employee: I don't see Medicare approving too many people for this until the next batch of trials is done.

Medicare doesn't cover hearing aids or exams for fitting hearing aids.  And they actually work.*

*So do inexpensive ($150) over the counter personal amplifiers. I've been using one for almost two years.


Recommend any particular brand?

/of amplifier
 
2021-06-11 5:53:42 PM  
I honestly think this will turn out to be a bigger scandal than Vioxx ever was
 
2021-06-11 5:59:32 PM  

Private_Citizen: Honestly, the fact this drug was even approved is a scandal - 0 of 10 scientists on the review board voted to approve it, and not only doesn't it work- it is prone to causing brain swelling and other potentially deadly side effects.

So the commissioner approved it - for 9 years, and for all stages of Alzheimer's when it was only tested (unsuccessfully) on early stage Alzheimer's.

They need to follow the money trail - because someone was on the take - and needs to go to jail.


It's a really odd situation. At last count, 3 members of the ad comm quit. I can see their point. Why did you even ask us to review this if you were going to ignore our recommendation? It's one thing if the vote is on the fence and FDA sides with industry, but it wasn't close.
 
2021-06-11 6:07:08 PM  
Now ask me what is free and reduces the risk of Alzheimer's by 45%.


Hint: it's called getting off your ass and exercising.
 
2021-06-11 6:31:24 PM  

Private_Citizen: Honestly, the fact this drug was even approved is a scandal - 0 of 10 scientists on the review board voted to approve it, and not only doesn't it work- it is prone to causing brain swelling and other potentially deadly side effects.

So the commissioner approved it - for 9 years, and for all stages of Alzheimer's when it was only tested (unsuccessfully) on early stage Alzheimer's.

They need to follow the money trail - because someone was on the take - and needs to go to jail.


So if the pill fails/has rather bad side effects, who's going to remember to sue?
 
2021-06-11 7:33:05 PM  

zjoik: Private_Citizen: Honestly, the fact this drug was even approved is a scandal - 0 of 10 scientists on the review board voted to approve it, and not only doesn't it work- it is prone to causing brain swelling and other potentially deadly side effects.

So the commissioner approved it - for 9 years, and for all stages of Alzheimer's when it was only tested (unsuccessfully) on early stage Alzheimer's.

They need to follow the money trail - because someone was on the take - and needs to go to jail.

So if the pill fails/has rather bad side effects, who's going to remember to sue?


The family who used their life savings on a lie.
 
2021-06-11 10:27:19 PM  
If you can be charged for staying alive, by definition you do not have a right to life.
 
2021-06-11 11:13:41 PM  

Fart And Smunny: If you can be charged for staying alive, by definition you do not have a right to life.


If you're rich enough to pay for it yourself, you have every right to prolong your life by any means necessary.

However, if you are relying on someone else's money to survive, then just f**k off and die.
 
2021-06-11 11:18:35 PM  

LZeitgeist: However, if you are relying on someone else's money to survive


I will eagerly await such a spirited attack on every publicly traded corporation as here you have made on sick, poor people.
 
2021-06-11 11:18:59 PM  

Fart And Smunny: LZeitgeist: However, if you are relying on someone else's money to survive

I will eagerly await such a spirited attack on every publicly traded corporation as here you have made on sick, poor people.


Oh, also, babies.

And pets.

Fark those moochers.
 
2021-06-11 11:28:09 PM  

Fart And Smunny: Fart And Smunny: LZeitgeist: However, if you are relying on someone else's money to survive

I will eagerly await such a spirited attack on every publicly traded corporation as here you have made on sick, poor people.

Oh, also, babies.

And pets.

Fark those moochers.


My point exactly.

Who the fark needs pets or babies? The world is already overpopulated as it is, and animals live a better life free in the wild.

Lemme guess - you can't survive on your own so you live off The System - a System you don't even contribute to. Am I right?
 
2021-06-11 11:30:27 PM  

LZeitgeist: Fart And Smunny: Fart And Smunny: LZeitgeist: However, if you are relying on someone else's money to survive

I will eagerly await such a spirited attack on every publicly traded corporation as here you have made on sick, poor people.

Oh, also, babies.

And pets.

Fark those moochers.

My point exactly.

Who the fark needs pets or babies? The world is already overpopulated as it is, and animals live a better life free in the wild.

Lemme guess - you can't survive on your own so you live off The System - a System you don't even contribute to. Am I right?


I mean you are the most technically kind of correct correct, but not in the way you think. :)

I work for the gambling industry, and I don't gamble.
 
2021-06-11 11:36:57 PM  

Fart And Smunny: LZeitgeist: Fart And Smunny: Fart And Smunny: LZeitgeist: However, if you are relying on someone else's money to survive

I will eagerly await such a spirited attack on every publicly traded corporation as here you have made on sick, poor people.

Oh, also, babies.

And pets.

Fark those moochers.

My point exactly.

Who the fark needs pets or babies? The world is already overpopulated as it is, and animals live a better life free in the wild.

Lemme guess - you can't survive on your own so you live off The System - a System you don't even contribute to. Am I right?

I mean you are the most technically kind of correct correct, but not in the way you think. :)

I work for the gambling industry, and I don't gamble.


Hahahaha! Well played.
 
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