How to Buy a Cure
Prognosis: Misconception
Bloomberg
4.1 • 838 Ratings
🗓️ 24 December 2018
⏱️ 26 minutes
🧾️ Download transcript
Summary
Some patients can't wait for pharmaceutical companies to develop drugs. They're pushing the drug industry to make the cures they and their loved ones need. But what's good for patients is also good for pharma's profits, creating a web of murky incentives that makes the issue of high drug costs all the more difficult to parse. In episode 8, Bloomberg's Rebecca Spalding talks to these professional patients about their relationships to the big companies whose therapies they need.
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Transcript
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| 0:00.0 | What could you do if your data was working for you and not against you? With Bloomberg delivering |
| 0:07.3 | enterprise data directly to your systems, you get easy access to the details you want, optimized for |
| 0:14.1 | higher level analysis, and financial data experts committed to helping you maximize your every move. |
| 0:24.0 | Our data is made for more, so you can show the world what you're made of. Visit Bloomberg.com slash enterprise data to learn more. |
| 0:30.5 | We spend one and a half times more per person on health care than any other country, but we |
| 0:36.8 | aren't any healthier for it. |
| 0:38.3 | This is one of the reasons that insurance premiums have gone up three times faster than wages. |
| 0:44.3 | It's why so many employers, especially small businesses, are forcing their employees to pay more for insurance |
| 0:51.3 | or are dropping their coverage. |
| 0:57.7 | It used to seem so easy. |
| 1:05.2 | A trip to the doctor's office, a prescription, sometimes a hospital stay, health care, plain and simple. |
| 1:10.9 | But somewhere along the line, healthcare became an incredibly complex and lucrative business. |
| 1:14.5 | It's a world in which patients can feel unheard and lost. |
| 1:18.8 | But increasingly, some are making their voices known and fighting back. |
| 1:26.6 | Welcome to Prognosis, a podcast about health, medical technology, and the mind-blowing innovation underway across the globe. |
| 1:29.0 | I'm your host, Michelle Faye-Cortez. |
| 1:40.7 | Today, there are two major power centers in the drug world, those who make medicines and those who pay for most of them. |
| 1:43.4 | That's big pharma and insurers. |
| 1:46.3 | These two camps often battle over how health care dollars in the U.S. are spent. |
| 1:51.0 | But where does that leave patients, people like you and me? |
| 1:56.6 | We'll hear from patients who have taken matters into their own hands by helping pay for |
| 2:00.1 | the development of treatments for their own disease. |
... |
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