It is actually refreshing when people are honest, especially when they lift up the curtain to reveal what is really going on behind it.
In a recent interview, a former manager at Lilly, confesses about the process by which Lilly set prices. For example, a product called Xigris was priced largely so that it could make up for lost profits when Prozac went off patent.
There are several other examples, but the ex-manager states that in the price discussion for Xigris, her boss said “If Grandma is on the table, no one is going to blink at paying $10,000 to save her life.” Of course in America, this is absolutely true.
This is not true in every other developed country in the world. They all recognize that resources are limited and that patients and families can’t have everything they or their doctors demand. Every other country has the courage to balance the needs of Grandma with everyone else in their country, which includes refusing to buy drugs with ridiculous price tags.
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