No. It hasn’t been since doctors allowed third party payer into it
Our health care system relies on people being sick
A rare moment of honesty.
They sound like Luddites. Efficiency raises the standard of living overall even if it means you can’t keep the same job for 60 years. Otherwise we would all go back to being subsistence farmers. A healthy population has far more benefits than disadvantages.
I’ll never forget the casual remarks of a medical school dean back in the 70’s - can we imagine a cure for cancer and the massive layoffs and disinvestment that would follow...
How about we take their management out and shoot them in the head?
This is why we need to be a Christian nation.
Hey GS!
You have a different yardstick.
“Cure” IS the measure of success for biotechs.
If you pretend that impacts your measure of impact to profit growth, your yardstick is broken.
Did Christ or His Disciples lack for attention as they cured the sick?
Dead patients don’t tend to by more product.
Outrage headline for clicks, but a reasonable article. People should read it, because it’s got several solutions to the issue of how to we stay in business while attempting to put ourselves out of business by curing our customer base.
They were not proposing that actual cures not be developed, but pointing out the basic math of declining revenue from a declining (cured) customer base.
Basic message: a successful bio-tech company cannot be a one trick pony with a single magic pill, but be highly innovative with a diverse cabinet of cures.
In other news, the single shot GM “cure” for cancer is starting human trials soon.
Great things are happening in bio-tech and monetizing it through free market investing is the fastest, cheapest way to fund the R&D needed for more cures of more diseases.
Unless you think letting federal bureaucrats pick and choose who gets funded and what gets researched is a better model.
Goldman Sachs can relax; that’s not where big pharma has benn, nor is it going there. The REAL money is in treating symptoms, not curing the disease.
The bottom Line!! It isn’t the money, it’s the greed.
At what point does the cost of a cure pass the break even point. The cheaper the cure the higher the profit.
Perhaps it is time to ask if the gamblers on Wall Street are good for the viability of the nation? There was a time when the stock market provided resources to build industries, however, it is largely a casino now with the stock hustlers playing the house odds.
As long as our borders are open, and liberal politics treasonous, it’s a great business to be in.