Thursday, September 21, 2006

Pharmaceutical Industry Had It Coming

It's too bad, but the pharmaceutical industry deserves this: the "Wal-Mart-ization" of generic drugs. Will hospitals also turn to Wal-mart to stock their pharmaceutical shelves? Time will tell.

Fat Cat pharmaceutical companies are about to go on a much-needed diet.

Too bad, those lunches were good.


1 comment:

Anonymous said...


The pharma industry and the "much needed diet" is an interesting debate. In addition, you have noted that the insurance industry has a "cost" structure that has been exposed. That being CEO compensation. No question that everyone pays the bill for these "robbers" of the healthcare dollar.

It would be very interesting to look at a dollar spent by consumers of healthcare and where it filters thru the system. Inequities are rampant in the current healthcare system and how to fix it is like "stopping the rotation of the earth".

But someone needs to analyze and cause change. Because we are all going to have to be treated by the system. If we let the system go on auto pilot people in there 30's,40's and 50's are going to enter a third world system that is financially broke.

Interested in your comments on Hospital CEO's, malpractice costs, internal cost structures, medical device companies and other costs to the sytem. Where do we as consumers of healthcare start to ask for change?

As George Bailey said in "It's A Wonderful Life"

"Just a minute - just a minute. Now, hold on, Mr. Potter. You're right when you say my father was no businessman. I know that. Why he ever started this cheap, penny-ante Building and Loan, I'll never know. But neither you nor anyone else can say anything against his character, because his whole life was - why, in the twenty-five years since he and Uncle Billy started this thing, he never once thought of himself. Isn't that right, Uncle Billy? He didn't save enough money to send Harry to school, let alone me. But he did help a few people get out of your slums, Mr. Potter, and what's wrong with that? Why - here, you're all businessmen here. Doesn't it make them better citizens?"

This maybe a long blog sir. Thank you in advance for your comments.