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The Water Cooler
General Discussion
Opioid Crisis in OK; Who’s to Blame?
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<blockquote data-quote="DavidMcmillan" data-source="post: 3250092" data-attributes="member: 11749"><p>The pharmacutical industry is not an organized crime entity. Billions of dollars are spent every year, developing, testing, meeting government requirements, etc. Yes, revenues are large, compared to my income, but profits on that revenue are a small percentage. It takes years to develop a new med, requiring many high priced researchers, doctors, and so forth. Then more years of required testing and trials. Then only a few years to recover the expenses of that development and testing, before the drug goes generic and greatly reduces the profitability of hat drug.</p><p></p><p>These companies are in business to make a profit. Yes, I'm sure there are physicians that own stock in pharma companies, the same as your 401k or retirement accounts.</p><p></p><p>Consider all the advancements in health care that we enjoy today and compare that to what we know about health care even 25 years ago. "Big Pharma" is an easy target for those that want to complain. The Left has made them a target and way too many folks have jumped into that parade.</p><p></p><p>There are bad docs, and bad cops and teachers and preachers and auto mechanics and store clerks, AND bad patients.</p></blockquote><p></p>
[QUOTE="DavidMcmillan, post: 3250092, member: 11749"] The pharmacutical industry is not an organized crime entity. Billions of dollars are spent every year, developing, testing, meeting government requirements, etc. Yes, revenues are large, compared to my income, but profits on that revenue are a small percentage. It takes years to develop a new med, requiring many high priced researchers, doctors, and so forth. Then more years of required testing and trials. Then only a few years to recover the expenses of that development and testing, before the drug goes generic and greatly reduces the profitability of hat drug. These companies are in business to make a profit. Yes, I'm sure there are physicians that own stock in pharma companies, the same as your 401k or retirement accounts. Consider all the advancements in health care that we enjoy today and compare that to what we know about health care even 25 years ago. "Big Pharma" is an easy target for those that want to complain. The Left has made them a target and way too many folks have jumped into that parade. There are bad docs, and bad cops and teachers and preachers and auto mechanics and store clerks, AND bad patients. [/QUOTE]
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Opioid Crisis in OK; Who’s to Blame?
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