this post was submitted on 21 Oct 2023
2136 points (97.5% liked)
Technology
60071 readers
3536 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Sounds crazy they are but allowed to negotiate?
Is that the same for anything else the government buys? I can't imagine the army buying 100 tanks and just paying the first price they get?
It's a constitutional thing, government has to guarantee the companies' freedom to set the price they want or something totally moronic like that...
In fact it's the first time the government will be able to negotiate with pharmaceutical companies!
https://www.reuters.com/business/healthcare-pharmaceuticals/us-judge-refuses-block-medicare-negotiating-drug-prices-2023-09-29/
Yes! That's a great start 👌 especially if the negotiator is NOT getting a kickback from Pharma for negotiating a high price
It's like
– Arms dealer: Each tank cost me 500,000 dollars to make. Give me 5 billion for each.
– Let's negotiate. How about 500 million instead?
– Arms dealer: Fiiine, but only because you're a good client.
This is legitimately how it works in the US between insurance and pharma/medical.
I just had a baby and I added up the total bill from the hospital and it was $100,000. We were in the hospital for 3 days. My insurance "negotiated" it down to $26,000, and I paid $3000.
The $100,000 is completely made up from the beginning. Pharma and medical just slap big ass ridiculous numbers down, then the insurance fake negotiates down to a still completely ridiculous number, then that cost has to get eaten by people who pay into insurance, which is basically everyone.