Quote:
Originally Posted by joeychitwood
Hopefully, if and when a company develops an antiviral effective against the Coronavirus, they won’t be allowed to charge $1000 or $5000 a dose in the US as they do with every other new medication.
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It depends. If, after accounting for R&D amortization, a dose costs $800 to produce, then I am fine with them making a 25% profit. This is the lesson of economics- economics systems that reward productivity get lots of productivity. Systems that don’t reward productivity (communism, some socialism, robber baron capitolism) don’t get as much productivity.
The hepatitis cure famously cost $100k...at first. What should a hepatitis sufferer say in response? “Thank you”. It took a little over a year for the cost to drop dramatically, and people should feel grateful to the researchers that helped them.