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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Ilaine who wrote (99488)	5/3/2001 11:04:42 PM
From: Don Lloyd	Read Replies (2) of 436258

CB and Ben - With respect to prescription prices, you may be quite surprised at how expensive new drugs are. One of the drugs I take is $500 a month, one $300. I am happy to pay the $7 copay. The healthy subsidize the ill, especially the chronically ill. But you never know when your time will come.-ng- The question is why the price is $500. From what you two are saying, the $500 is not likely the real primary price, but just an artificial starting point for discount negotiations with the primary contract purchasing agents. It may even be that contracts are effectively surreptitiously written around total annual product purchased. Both the pill supplier and the contract purchasing agent benefit from bogus high prices and bogus high discounts. Your $7 copay is analogous to the fixed price that California residents pay for electricity. You simply have no incentive to economize or make any cost/benefit decision. In the end, you still pay, but indirectly, and partially on a statistical basis. And products you may want may never be available. It is hard to imagine how the health care system could be less of price-signaled free market. Regards, Don

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