May 7, 2018

There were 2 posts published on May 7, 2018 (this is page 1 of 1).

The Price of This Drug Went Up 100,000 Percent Since 2001 for No Good Reason

Pharmaceutical companies are evil, part 45,326.

Did you catch 60 Minutes last night? If you did, you may have learned about a drug called Acthar that went from $40 in 2001 to over $40,000 today. It’s a perfect illustration of just how poorly regulated the US pharmaceutical industry continues to be and how there’s absolutely no good reason for the extreme prices Americans pay for medicine.

Acthar has been on the market since 1952 and is primarily used to treat infantile spasms, a rare condition. Why does Acthar cost $40,000 today, an increase of 100,000 percent from the cost in 2001? Pure greed.

Source: The Price of This Drug Went Up 100,000 Percent Since 2001 for No Good Reason

How a USB drive sparked the push for Korean peace – Axios

The Korean dynamics are changing at light speed because Kim Jong-un cares far more about economics than his father ever did, per people close to advisers of South Korean President Moon Jae-in.

Under the hood: A source who has spoken recently with top South Korean government advisers — and who spoke anonymously to preserve their confidences — told me Moon “freaked out” last year when Trump was threatening “fire and fury” against Kim.

Moon saw last summer that the White House and Pentagon were working on military options in the event that Kim threatened the U.S.

So he went into diplomatic overdrive, using the military crisis to present Kim with economic development plans he’d long wanted to deliver.

One story that was widely reported in the South Korean press but didn’t get much attention in the U.S. is that, at their April summit, Moon gave a USB drive to Kim.

“The USB makes the case to Kim — there really is another path for you,” John Delury, an expert in North Korean affairs at Seoul’s Yonsei University, told me. He said the USB, which contained a plan for tens of billions worth of economic development in North Korea including railways and energy, sent the message to Kim: “We’re serious about working with you for what we think is your real ambition — to be a wealthy East Asian country.”

Source: How a USB drive sparked the push for Korean peace – Axios