Economy Vs Cures.
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  1. #1

    Join Date
    Mar 2011
    Location
    The Swamp
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    39

    Default Economy Vs Cures.

    Have you ever wondered if some lab or scientist has already found the cure for diseases. I believe so, I think it is posible that we have cures for MS, AIDS, Diabetes and cancer. But wait if we had the antidote..wow now we have huge economic issue. Well lets see the stock in pharmacology would eventually crash. This crash will only snowball threw out to the employees and so on. Hospitals, Doctors, Nurses and the entire staff would suffer. So the question who really should suffer the sick or the economy?

    My Thoughts
    BlueTorrent



    Good Health to all.


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  3. #2

    Join Date
    Feb 2011
    Location
    Canada
    Posts
    19

    Default Re: Economy Vs Cures.

    I brought this question up to a friend of mine a few years ago, she was doing an internship in nuclear medicine. My statement was it's not that they can't cure cancer, they just don't want to, but right now, as long as they catch it at the right time, and as long as the body is strong enough they are able to halt the disease. The halting isn't a cure it still requires people to continue to take medication often for the rest of their lives. She agreed with me on this point, and she found it depressing. I think no where is this more self evident than in finding the cure for HIV. The progression of the disease can be completely halted, with people living full lives as if they didn't have, but since they are never cured they have to take an intensive regiment of drugs for the rest of their natural lives. I read about a group in Vancouver that have in the three or four people they gave a program of some sort of acid they were not able to detect the disease at all, and these patients were able to stop taking drugs. This was in New Scientist, which went on in the article to state that the cost of the treatment was about $20 and that since the acid compound was so old it was not patentable. Since this was the case no drug company was willing to fund or even acknowledge a widespread testing of it. There was simply no profit in it.

  4. #3

    Join Date
    Feb 2011
    Location
    Canada
    Posts
    19

    Default Re: Economy Vs Cures.

    It's my beliefs that medicine should be publicly funded, maybe it's the canadian in me, but everyone has a right to lead full and healthy lives regardless of socio-economic status. Its one of the only two businesses I believe the government should be involved in, the other being education of course. Health is something everyone has to deal with. The economy should be allowed to suffer in the case of health care.

  5. #4

    Join Date
    Mar 2011
    Posts
    75

    Default Re: Economy Vs Cures.

    You're right. There's a big problem with private drugs companies run for profit, which is of course that they are more interested in making money than helping people. Take the situation in Africa for example where many people die of AIDS because cheap cloned medications are prevented from being sold so that the companies who own the patents can continue to sell them at grossly inflated prices.

  6. #5

    Join Date
    Jul 2011
    Location
    nyc area
    Posts
    29

    Default Re: Economy Vs Cures.

    It's a long-running conspiracy theory that drug companies are sitting on all sorts of secret cures to disease. But it's just that - conspiracy theory, and like others, doesn't stand up to rational analysis.

    Why doesn't it hold up in this case? Simple - because selling something is always more profitable than not selling something. Let's pretend that Company A has a cure for AIDS, but would rather sell unending treatments instead because it's more profitable. No problem with that premise. However, Company A is not alone. Companies B, C, D, E and F also exist, and compete against Company A. Not all of them make an AIDS treatment, but some do, and they all take different sizes of the AIDS-patient marketspace. If any one of these companies discovered a cure - they could release it, and charge much higher rates, driving their competitors' inferior treatment-only products out of the market completely - thus ensuring the highest possible profit margins for themselves.

    In order for the conspiracy scenario to exist where a competitor would not sell a cure (and thus achieve an insanely profitable monopoly position within that particular disease's market) - companies A,B,C,D,E and F all have to make secret agreements with each other to keep the cures hidden. In the real world, there are many many more competing pharmaceutical companies - and there's just absolutely no way that all of them or even any significant number of them would come to such an arrangement. Especially the smaller companies who would have the most to gain.

    And finally, there's the aspect which undoes most conspiracy theories altogether - the number of people involved in discovering a cure, or be tasked with negotiating the suppression of said cure would be several hundred (when involving all of these corporations). The chance of that many people being able to keep such a monumental secret hidden away from the press (in the information age, no less) is absolutely ZERO.

    that being said - pharma corps are already far too profitable for the public good (certainly for the USA's citizens at least).
    Last edited by eXanth; August 3rd, 2011 at 11:13 PM.

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