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Hospitals are maybe making their own drugs.

Seems like a way to obscure the costs of medications and jack the rates to their own benefit. No more complaints about $15 aspirin pills when the hospitals make their own drugs that "simply can't be compared" to market drugs.
 
IronWing said:
Seems like a way to obscure the costs of medications and jack the rates to their own benefit. No more complaints about $15 aspirin pills when the hospitals make their own drugs that "simply can't be compared" to market drugs.
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I'm with you. Seems more like "hey these pharma guys are making a killing let's get a piece of that action."
 
I'm going to be skeptical until I see some parameters about how the products will actually be priced by the hospitals. Lots of shenanigans seem possible.
 
Creating a new drug from scratch takes millions-to-billions of dollars and a whole lot of special equipment, none of which hospitals already have just lying around.

Sounds like a pipe dream.
 
nickqt said:
Creating a new drug from scratch takes millions-to-billions of dollars and a whole lot of special equipment, none of which hospitals already have just lying around.

Sounds like a pipe dream.
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Did you...read the article?
 
K1052 said:
Did you...read the article?
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Yes...I did.

They want to start creating generic drugs.

From scratch, meaning they don't already have the equipment, staff, or know-how.

A MD doesn't know how to create morphine or antibiotics just because they have a MD. Same with PharmDs.

That's going to cost milions-to-billions to implement. Again, equipment alone is going to cost a fortune, nevermind research, staffing, and distribution.

If filling a market hole for medication wasn't extremely expensive and difficult, mom and pop VCs would already be doing it for profit and for the social notoriety of being good guys.
 
nickqt said:
Yes...I did.

They want to start creating generic drugs.

From scratch, meaning they don't already have the equipment, staff, or know-how.

A MD doesn't know how to create morphine or antibiotics just because they have a MD. Same with PharmDs.

That's going to cost milions-to-billions to implement. Again, equipment alone is going to cost a fortune, nevermind research, staffing, and distribution.

If filling a market hole for medication wasn't extremely expensive and difficult, mom and pop VCs would already be doing it for profit and for the social notoriety of being good guys.
Click to expand...

Production itself is pretty much the least expensive part of the whole endeavor. They can do it themselves with some capital investment in a facility and the people to run it or contract it out (more likely). As long as they can get their generic approved, which given the heft of the hospital systems looking to participate and the VA, seems probable.
 
K1052 said:
Production itself is pretty much the least expensive part of the whole endeavor. They can do it themselves with some capital investment in a facility and the people to run it or contract it out (more likely). As long as they can get their generic approved, which given the heft of the hospital systems looking to participate and the VA, seems probable.
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I think it's a pipe dream, and I don't think that it's anywhere near as easy as you think it is, otherwise there'd already be small pharmaceutical companies doing it.

Maybe I'll be proven wrong and some hospital chains will start manufacturing morphine and sodium bicarb. Good for them if so.
 
dank69 said:
I'm with you. Seems more like "hey these pharma guys are making a killing let's get a piece of that action."
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If you read the article, they are forming a non-profit company which will sell generic drugs to hospitals. Sounds like a pretty good idea to me.
 
nickqt said:
I think it's a pipe dream, and I don't think that it's anywhere near as easy as you think it is, otherwise there'd already be small pharmaceutical companies doing it.

Maybe I'll be proven wrong and some hospital chains will start manufacturing morphine and sodium bicarb. Good for them if so.
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Large hospital systems have advantages that small companies don't namely deep pockets and a ton of political heft. I'd rate their odds as decent at accomplishing this. If it will actually benefit patients in terms of reduced costs...I'm a lot more skeptical.
 
There are some drugs that are priced at 10000 a vial which can be made for a handful of bucks (isoproterenol for example which has been around since the 1950s but only of recent the price has been jacked up for profit). Hospitals are simply getting sick and tired of being screwed over by greedy pharmacists
 
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