Hospitals, sure. Doctors, nope. The doctor gets paid the fee for the clinic visit (like 50-100 bucks) and the rest goes to the hospital. The hospital probably make some profit and the rest of the money goes to the company that makes it and has a patent on it for the next 10 years until it can go generic.
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12-23-2014, 08:32 AM #61
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12-23-2014, 08:35 AM #62
I mix that stuff on a daily basis in the hospital I work at. It also costs us an arm and a leg to purchase it too.
Novo-7
Factors VII-IX
Advate
etc, etc, all they are, are tiny little vials that need to be mixed with a unnecessary proprietary transfer adaptors. When administered, they give the patient a "clotting factor" so if they get a cut or a scrape they don't bleed to death but they run us (the Inpatient Pharmacy Department) a little under 6million per year to keep in stock....and thats for ONE drug, it doesn't account for the rest of our formulary.
The odd thing is, its not like its a brand new drug. Factors have been around in some form or another for a good 20 years. You would have expected the price to go down somewhat.
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12-23-2014, 08:37 AM #63
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I'm guessing your are severe hemophiliac?
I knew a guy who was a mild and he was lucky and didn't have to take anything for it. I think he only needed treatment for major things like surgery or severe trauma, basically only when a non-hemophiliac would have to go the hospital. That's what he said at least.
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12-23-2014, 08:37 AM #64anonymousGuest
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12-23-2014, 08:37 AM #65
An example of someone just posting withoutneven reading or knowing the facts. OP has his own insurance and ays for it. He is not on gov't assistance you *******. And screw you for blaming sick people that America is on debts. It's all on msmanagement and bad decisions from the top. A partof that is the fact that there are a lot of people who depend on wellfare and not get any type of work. OP said he worked and paid for his insurance. READ.
Going back to the issue, I see this kind of bill all the time working in a hospital. I wouldn't even go to small doses of chemo drugs which costs tens of thousands of dollars for a small tiny bag. A part of the big bill is becuase of PF, Hospital costs (which som jack up the prices), and some fhaakcd up govt regulations. It is what it is, that is why it is very important to have insurance and to know the coverage.
OP, I hope you get well man. Just continue whatever therapy the doc is telling you. do not miss appointments and miss dosing of your drugs, for take home meds. Your condition could exacerbte any time if mismanaged. Don't mind the bill, if you start paying more out of pocket, look for ways or ask someone on how to to lower it, there is always a loophole. I wish you good health bro for the coming years and years, and stay strong! Reps for you
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12-23-2014, 08:38 AM #66
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12-23-2014, 08:40 AM #67
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12-23-2014, 08:40 AM #68
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12-23-2014, 08:41 AM #69
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In the end the company makes much less. Just like hospitals and doctors. They can charge x. The insurance company will only allow them to charge y. And you usually with insurance will only pay 15% of that already low new number. For instance I had surgery for my kidney. Costs were like 22k etc. The insurance dropped it down to about 6 then I only payed my part of that. And to Canada bros just lol. Don't say **** is free when it comes from your taxes. If we don't have much supply of a rare drug you must have none.
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12-23-2014, 08:45 AM #70
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12-23-2014, 08:45 AM #71
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12-23-2014, 08:46 AM #72
The funny thing is, we actually lose money on recombinant factors. When I was trained in the IV administration billing, when it came to that drug alone, once all the 3rd parties were paid off and the insurances went went through, we lost about $12 per dose of that drug. We probably wouldn't carry it otherwise, but if your hospital is government funded (like ours) AND if you're a Trauma Center, (where your facility is "the last line of defense" for someone dying from uncommon/rare disorders/diseases/conditions) you're mandated by the FDA to carry this drug even though its detrimental to the hospital, at least from the business side of things. Before the Affordable Care Act passed (obama care) we made a profit off of it but was wasn't really that much (<$100 per administration)
so yeah....there's probably a conspiracy, you've just got to follow the money trail, but the money is certainly not going into the pockets of hospitals and doctors...its just "going" somewhere else.
*obligatory "Thanks Obama"*
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12-23-2014, 08:49 AM #73
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12-23-2014, 08:51 AM #74
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12-23-2014, 08:52 AM #75
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12-23-2014, 08:52 AM #76
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12-23-2014, 08:57 AM #77
we get a ****-ton of them, but we have to keep a certain amount in stock based on our cities population size and history of administration and all that jazz.
At least for the Novo-7 (which is usually for newborns diagnosed with the condition) we usually have 1,000 vials in stock (but one dose may take more than one vial.) and we've had babies that have needed doses as often as every 3 hours around the clock.Last edited by Zyonasan; 12-23-2014 at 09:04 AM.
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12-23-2014, 09:02 AM #78
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12-23-2014, 09:03 AM #79
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12-23-2014, 09:08 AM #80
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12-23-2014, 09:09 AM #81
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12-23-2014, 09:18 AM #82
once again. Most hospitals are government funded. we don't get a cent from that (at least on the pharmacy side of things) and the little profit made at a hospital are just enough to keep the lights on......and to give the CEO an annual $60k bonus with a 1.2million/year salary, but that money doesn't come from patients and patrons being admitted and discharged from the hospital. Its something a little more complicated involving grants from the government for complying with XYZ protocols and shit of that nature.
the drug companies don't care about hospitals and whether or not we make a profit, we're just one of many sprinkled throughout the country.
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12-23-2014, 09:20 AM #83
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You can only hope that their patent expire and they don't get an extension after 20 years of ridiculous profits !
But then again if that pharmaceutical company didn't invent the research, etc.. the drug won't be there and people might not be alive, so in a sense they are saving lives and have earned it!
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12-23-2014, 09:22 AM #84
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12-23-2014, 09:24 AM #85
Kinda messed up that there is a company/people out there who must fist pump knowing you are sick cuz it accounts for about a million a year in their pockets.
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12-23-2014, 09:25 AM #86
You cannot do much to cut costs of research of the time it takes to develop a new drug, but you can cut the cost of medical school, all the BS hospital administration jobs that get paid 80k a year to do paperwork, and the higher up staff that gets paid more than doctors for doing nothing productive. Cut the cost of medical school, and cut the salaries of nurses and doctors - now, people that wanted these jobs and who really cared about people could have them, because prior to this, they were put off by the loans and the inflated competition that comes with med school applications, avoiding an influx of doctors (thus, avoiding lower salaries).
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12-23-2014, 09:25 AM #87
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12-23-2014, 09:29 AM #88anonymousGuest
I assume since it's such a niche product and the market supports that price , there's no incentive to switch to cheaper production
Like igf1, only one company makes it so it's insanely expensive while bovine igf1 costs cents per dose
OP you can't really put a dollar value on life, glad you get these meds covered
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12-23-2014, 09:31 AM #89
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12-23-2014, 09:33 AM #90
I've been a moderate Hemophiliac my entire life and can relate to OP. The cost is insane for clotting factor but thankfully there's programs out there to cover anyone who needs it. I haven't paid a dime for my Factor VIII for years. I thankfully only need to use it 2 or 3 times a year for random tweaks and injuries.
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