I rarely watch fox news anymore. Lets avoid the insults, it was a good discussion up to this point.
Great, the research was done somewhere else but I wasnt talking about that. I was talking about the decline in the cost of the treatments and the ease and availability. If it is possible for other companies to model what Theranos is doing then competition will drive the price down even further. It is an example of the private market making advances where the majority of the medical system is bureaucratically bound and incapable of anything approaching efficiency.
I think we both want the same thing which is high quality healthcare at affordable prices. We just are at polar opposites about how to go about it.
Treatments here are way more expensive. Were you to have read the articles you'd see that while an MIR in the US costs $1,000-$1,500 in France it costs about $300. Moreover were you to have picked any of the articles, or even googled "Cost of Healthcare in the United States" or even say, "cost of treatment options in the United States" you'd find the second article on google reads somewhere farther down that: "Newly approved cancer drugs cost an average of $10,000 per month, with some therapies topping $30,000 per month, according to ASCO, which discussed the costs of cancer care at a recent meeting. Just a decade ago, the average cost per month of new drugs was about $4,500. Patients typically pay 20 to 30 percent out of pocket for drugs, so an average year's worth of new drugs would cost $24,000 to $36,000 in addition to health insurance premiums."
Or say, if you looked up the price of Gleevec a medication used to treat Leukemia you'd find out that it costs $70,000 per year here in the United States whereas in India it costs $2,500 a year.
Did you know if I needed to get my hip replaced it would be cheaper for me to fly to Spain, get my hip replaced, and fly back than get it replaced here in the United States? Average hip replacement cost here in the US is $40,364, average hip replacement cost in Spain is $7,371.
We could have avoided aaalll of this had you read the articles or done some research yourself.
