If only Martin Shkreli was around back then.. he could've made a
fortune, and he probably wouldn't have ended up arrested!
On 12/18/2015 10:54 AM, Rory Conaway wrote:
200 years ago people paid for their own medicine instead of getting
insurance involved. It was a competitive market versus today.
Rory
*From:*Af [mailto:[email protected]] *On Behalf Of *Mathew Howard
*Sent:* Friday, December 18, 2015 9:52 AM
*To:* af <[email protected]>
*Subject:* Re: [AFMUG] OT - Captilism (was Martin Shkreli)
Sure, they had leeches... leeches are good for everything.
On Fri, Dec 18, 2015 at 10:39 AM, Josh Luthman
<[email protected] <mailto:[email protected]>> wrote:
You mean to tell me 200 years ago there wasn't any medicine? Sure
it's far superior now, but in the 1800s they had basics.
Josh Luthman
Office: 937-552-2340 <tel:937-552-2340>
Direct: 937-552-2343 <tel:937-552-2343>
1100 Wayne St
Suite 1337
Troy, OH 45373
On Fri, Dec 18, 2015 at 11:15 AM, Lewis Bergman
<[email protected] <mailto:[email protected]>> wrote:
I have to disagree. 200 years ago there were practically no
medicines worth talking about yet here we all are. Medicine,
while a fantastic advancement, does not rise to the level of
air, water, food, and shelter.
On Fri, Dec 18, 2015 at 9:17 AM Josh Luthman
<[email protected]
<mailto:[email protected]>> wrote:
Food, water, shelter, medicine. The things anyone and
everyone need to survive.
Josh Luthman
Office: 937-552-2340 <tel:937-552-2340>
Direct: 937-552-2343 <tel:937-552-2343>
1100 Wayne St
Suite 1337
Troy, OH 45373
On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum
<[email protected] <mailto:[email protected]>> wrote:
Since when has it been a basic human right? Where does
it stop? Why are others forced to pay for peoples bad
habits? Other than congenital defects, and some
accidents, most health problems are due to peoples
choices. If our money is to be confiscated to pay for
everyone's "human right", don't we get a say in how
they live? How many other human rights are being
trampled on then?
On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman
<[email protected]
<mailto:[email protected]>> wrote:
Should medicine really be part of a system of
supply and demand? I'd agree on the whole hotel
thing - you don't have to stay there - but when
you have some medical condition (and while yes
AIDS is something you can certainly avoid) I think
as a society and a culture we shouldn't deny a
basic human right.
Josh Luthman
Office: 937-552-2340 <tel:937-552-2340>
Direct: 937-552-2343 <tel:937-552-2343>
1100 Wayne St
Suite 1337
Troy, OH 45373
On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman
<[email protected]
<mailto:[email protected]>> wrote:
I can't defend his brashness, but the fact
remains that pure capitalism is the best way
demonstrated to date to innovate and health
care or pharma is not exempt. Big rewards
encourage big effort yielding big results.
These pharma companies have something like 7
years until the exclusivity period expires.
That can be a pretty short time to recover
investments. This particular case may be a bit
extreme but to say that capitalism is broken
in America is simply ludicrous.
I recently attended my sons graduation from
Texas Tech on a Friday. Thursday night at the
hotel was $159 and Friday was $269. I don't
think that is price gouging. I think it is a
reflection of the simple fact that there are
fewer rooms available on that particular night
than are demanded at $159. The equilibrium was
found at $259 where supply and demand come
closer to being equal. At that price I still
witnessed people turned away wanting a room
due to their poor planning. I don't think that
is price gouging. Their hotel was full at $269
a night. The next day was $159 again. Since
the hotel was full they probably could have
been even higher.
I really don't understand what people have
such a huge issue with the fundamental theory
of supply and demand. Yes I understand that it
is a potentially life saving drug. There are
other cheaper treatments. Maybe they aren't as
good, which is why they are cheaper. When did
we stop rewarding people for the value they
provide? I know this jerk didn't invent it but
he obviously was willing to reward those who
did with a price they thought fair. Sales over
the next few years will prove if he made a
mistake.
Why not force Chuck to sell a unique mount he
made for 5% over cost? Heck, why not only
cover his cost? Why not less than cost and
force him to provide his great product for the
good of the people? There is a reason it is
named Animal Farm. How many have read this
book? While not about capitalism it does speak
to the kind of central control that skulks
below the overt argument for "controlling"
this type of behavior.
I know people might die. I'll put on my really
jerky hat and say "so what?". People die every
day for less meaning and in greater numbers.
There is practically a mass suicide movement
going on now with texting and driving. I don't
see where people value there lives or others
that much anyway when reading a text or email
is more important than life itself.
I guess I am just a big libertarian at heart.
Give me the loose framework of a "fair
market", whatever that is, and let the system
fight it out. The word isn't fair, not ever
going to be fair, stop trying to warp it to be
that way.
Have fun with that on a Friday and have a
Merry Christmas, Happy Hanuka, or whatever
else gets your boat floating.
On Fri, Dec 18, 2015 at 8:02 AM Patrick Leary
<[email protected]
<mailto:[email protected]>> wrote:
The irony? Your local poor schlub a-hole
can be arrested and charged if he doubles
the price of gas, water, or other
life-critical goods after a natural
disaster – that’s a crime in America.
Meanwhile, it’s completely legal for a
company to raise a life-critical drug by
over 5000% -- that’s capitalism in America.
Shkreli is only the most written about
example. This “business trend’ is all the
rage and has been widely employed in the
U.S. for a number of years now.
http://news.health.com/2015/09/25/6-insane-examples-of-prescription-drug-price-increases/
Patrick
*From:*Af [mailto:[email protected]
<mailto:[email protected]>] *On Behalf
Of *Ken Hohhof
*Sent:* Thursday, December 17, 2015 8:28 PM
*To:* [email protected] <mailto:[email protected]>
*Subject:* [AFMUG] OT - Martin Shkreli
Apparently this guy AND HIS LAWYER were
arrested today. Everybody knows him as the
guy who raises drug prices 5000%, but I
did not know he live streams almost daily
to his fans.
Watch the first video, isn't he just like
every annoying, entitled, slacker kid
living in his parents basement that we
have to deal with bitching about his
Internet? Except he is CEO of a drug company.
I didn't think it was possible to hate him
more, but watch the video.
https://www.youtube.com/channel/UC8gjB1PSXv_oAUSAQ16S0fA
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