Expense of new Hepatitis C drug casts a bad light on U.S. Health Care system

Tanya’s Comment: The over-charging of life saving medications needs to stop.

The Secular Jurist

By Robert A. Vella

High demand means high prices.  That’s the system of capitalism which dominates our world today.  In theory, market competition rises in proportion to growing demand which exerts downward pressure on prices through innovation and increased efficiency.  However, reality often doesn’t match theory in the realm of economics especially in the U.S.  Enabled by the de facto practice of corporatism, business interests can monopolize markets, drive out the competition, and exploit consumers and workers.  In the health care industry, this leads to exorbitant costs that can limit or exclude vital medical services from whole groups of sick and injured people.

Such is the case now with a new and effective hepatitis C drug called Sovaldi.

From Reuters (March 21, 2014) – U.S. lawmakers want Gilead to explain Sovaldi’s hefty price:

(Reuters) – U.S. lawmakers have asked Gilead Sciences Inc to explain the $84,000 price…

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The Conservative War on the Poor

Photo courtesy of Kargig via Flickr

Photo courtesy of Kargig via Flickr

 

An interesting opinion piece by Paul Krugman of “The New York Times:”

John Kasich, the Republican governor of Ohio, …let loose on his political allies, declaring, “I’m concerned about the fact there seems to be a war on the poor. That, if you’re poor, somehow you’re shiftless and lazy.”

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To House Republicans: Hands off Social Security and Medicare! (petitions)

Photo courtesy of SalFalko via Flickr

Photo courtesy of SalFalko via Flickr

 

From CredoAction.com:

The extremist Republican hostage-takers in the House who have irresponsibly and recklessly caused the government shutdown have now set their sights on attacking Social Security, Medicare and Medicaid.

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Obamacare Allowed Oregon to Cut Its Uninsured Population By 10 Percent Already

Photo courtesy of www.health.com

Photo courtesy of health.com

 

ThinkProgress.org has recently published an article about the success of Obamacare (aka Affordable Care Act) in Oregon, and it’s very encouraging:

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