Tag: universal health-care

Goldman Sachs asks in biotech research report: ‘Is curing patients a sustainable business model?’

UNIVERSAL HEALTHCARE
SHOULD BE FREE

Cures could be bad for business. This is why everyone thinks that Pharma doesn’t want to cure anyone.

THIS ISN’T BAD FOR THE
PHARMA BUSINESS

THIS IS BAD FOR THE
INSURANCE BUSINESS!

“Is curing patients a sustainable business model?” analysts ask in an April 10 report entitled “The Genome Revolution.”

“The potential to deliver ‘one shot cures’ is one of the most attractive aspects of gene therapy, genetically-engineered cell therapy and gene editing. However, such treatments offer a very different outlook with regard to recurring revenue versus chronic therapies,” analyst Salveen Richter wrote in the note to clients Tuesday. “While this proposition carries tremendous value for patients and society, it could represent a challenge for genome medicine developers looking for sustained cash flow.”

Richter cited Gilead Sciences’ treatments for hepatitis C, which achieved cure rates of more than 90 percent. The company’s U.S. sales for these hepatitis C treatments peaked at $12.5 billion in 2015, but have been falling ever since. Goldman estimates the U.S. sales for these treatments will be less than $4 billion this year, according to a table in the report.

“GILD is a case in point, where the success of its hepatitis C franchise has gradually exhausted the available pool of treatable patients,” the analyst wrote. “In the case of infectious diseases such as hepatitis C, curing existing patients also decreases the number of carriers able to transmit the virus to new patients, thus the incident pool also declines … Where an incident pool remains stable (eg, in cancer) the potential for a cure poses less risk to the sustainability of a franchise.”

https://www.cnbc.com/2018/04/11/goldman-asks-is-curing-patients-a-sustainable-business-model.html

Chinese Covid19 might infect 70 percent we need Medicare For All

Chinese Covid19 Flu is HERE

Harvard epidemiologist Marc Lipsitch predicts coronavirus will infect up to 70 percent of humanity it “will ultimately not be containable” and, within a year, will infect somewhere between 40 and 70 percent of humanity.

Why you need Bernie Sanders and #MedicareForAll Universal Health Care

The real difference between the American health care system and systems abroad is pricing.

Yale Study Says Medicare for All Would Save U.S. $450 Billion Prevent Nearly 70,000 Deaths a Year

Bernie’s Single Payer system is actually a “conservative estimate”

Health Care is the U.S.’s Largest Employer

In the American labor market, services are the new steel.
Due to the inexorable aging of the country—and equally unstoppable growth in medical spending—it was long obvious that health-care jobs would slowly take up more and more of the economy. The U.S. spends hundreds of billions of dollars each year on Medicare, Medicaid, and health-care benefits for government employees and veterans. More subtly, the U.S. subsidizes private insurance in several ways, including through a tax break for employers that sponsor health care. This public support makes health-care employment practically invincible, even during the worst downturns. Incredibly, health-care employment increased every month during the Great Recession. Of the 10 jobs that the Bureau of Labor Statistics projects will see the fastest percent growth in the next decade, five are in health care and elderly assistance.
https://www.theatlantic.com/business/archive/2018/01/health-care-america-jobs/550079/

The sole difference between American health care and health care around the world is the role of government in setting prices.

In other countries governments negotiate prices for every medical good from hospital beds to prescription drugs. They lowball on prices, paying for only part of the true cost of research and development. Americans then pay for the remainder.

Americans have an effective agreement with the rest of the world to “split the bill.” After prices have been shopped and negotiated overseas, Americans get their much higher price. Whatever medical companies give up overseas they make up in the United States, where there are no price ceilings, and where there are no negotiations over medical prices.

THIS IS GOING TO HAPPEN A LOT

11/10/19 Pennsylvania officials on Monday announced a $1 million fine against insurance giant United Healthcare for denial of, or sometimes failure to pay, customers’ claims relating to mental health care. United also inaccurately calculated consumers’ total out-of-pocket costs for claims relating to autism, according to the state Insurance Department. The company’s actions were in violation of the federal Mental Health Parity and Addiction Equity Act of 2008, officials said.
https://www.inquirer.com/business/health/unitedhealthcare-fine-1-million-pennsylvania-insurance-department-20191104.html

Mental health and substance use insurance claims more than double in last decade

9/10/19 Head of mental health services at University of Pennsylvania dies by suicide
Gregory Eells became director of counseling and psychological services in March, providing students with mental health services at UPENN in Philadelphia.
https://www.nbcnews.com/news/us-news/head-mental-health-services-university-pennsylvania-dies-suicide-n1052156

As The Opium Trade Boomed In The 1800s, Boston Doctors Raised Addiction Concerns
https://www.wbur.org/commonhealth/2017/08/01/opium-history-addiction

How Profits From Opium Shaped 19th-Century Boston
https://www.wbur.org/commonhealth/2017/07/31/opium-boston-history

 

Why you need Bernie Sanders and MedicareForAll Universal Health Care

MedicareForAll universal health-care

Harvard  epidemiologist Marc Lipsitch predicts coronavirus will infect up to 70 percent of humanity  it “will ultimately not be containable” and, within a year, will infect somewhere between 40 and 70 percent of humanity, The Atlantic reports.

But no worries right? it’s just like having a cold, and you have great insurance now right?

universal health-care

MedicareForAll

It’s Class Warfare.
None of the corporate media outlets – not ABC, CBS, NBC, CNN, MSNBC, the NY Times, the Washington Post, or AP – reported about the Yale study in a peer-reviewed medical journal finding that Bernie’s #MedicareForAll bill would SAVE $450 billion & prevent 68,000 deaths a year.
MedicareForAll

Yale study gives Sanders ammunition to tout Medicare for All

Yale Study Says Medicare for All Would Save U.S. $450 Billion Prevent Nearly 70,000 Deaths a Year

MedicareForAll  

Bernie’s Single Payer system is actually a “conservative estimate”

End Citizens United and cut corporate welfare.
Bloomberg’s investment portfolio includes bets on private equity, fracking.
— Bernie will get rid of Fracking.

universal health-care

New study by Yale epidemiologists: MedicareForAll will save $450 billion and prevent 68,000 unnecessary deaths – each and every year

In other words, #MedicareForAll does not cost $3-$4 trillion more a year – it saves $450 billion a year & improves care

Real life: A Yale study has determined M4A will prevent 68,000 deaths per year.
Pundits: . . .
Real life: It will save us $450 billion.
Pundits: …
Real life: Please cover this.
Pundits: Bernie Bros are rude

 

Terrific work by  @Alison_Galvani  et.al

It clears the fog created by the industry’s huge ad spending, debunks the lies about #MedicareForAll starting with ”choice.”

“Patient choice will be dramatically expanded if a universal health-care system is adopted.”