Quote:
Originally Posted by 54ny77
why does health care cost so damned much?
here's an example: pal of mine worked on a drug for 20+ years, company has invested mind blowing amounts in it (10 figures).
that means zero revenue for 20+ years. huge operating costs. expensive, well-educated and smart employees dedicated to getting that thing to market.
and it still ain't done. literally some folks on the project have retired in the interim.
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In addition the billions of dollars that are spent on quality control throughout development and during production in order to maintain good standing with the FDA (I suppose you could get cynical and suggest that the FDA is being bribed, etc. but still a massive expense) All companies obviously do a degree of quality control, but for the most part it doesn't come close to what medical device and pharmaceutical companies spend.