Tag Archives: profit

Saving Lives, Bad for Business?

Recently a report has been published by Goldman Sachs analysts exploring the question “Is curing patients a sustainable business model?” The idea behind it being that as “one-shot cures” rid more and more people of their disease and/or medical condition, the need for that particular medicine will go down, as there fewer people to spread it. The report cited a study about treatments for Hepatitis C that have more than a 90 percent cure rate. As a result of that effective treatment, the need for that treatment decreased significantly, as did the profits from it. All of this begs the question, what in the world is wrong with medical companies?

It would seem that profit is the greater concern over improving lives and saving lives. This report appears to suggest that medical companies developing treatments and cures for sick people should focus their efforts on diseases that can and will appear on their own, without the need for carrier. It suggests that the research should focus more on disease like cancer or medical conditions like asthma not because they should try to cure it, but because it has a more sustainable business profit. That is to say, because people will always have to deal with these conditions, and therefore they can continue to profit off of the sick. And as for the people will curable or potentially curable disease or conditions? It seems they are just going to get ignore and be left to suffer. It is apparently a bad thing that so many people got treated for Hepatitis C.

What sort of world do we live in were profit is put above improving and saving lives? It is understandable that companies need to make a profit so they continue to fund medical research, but it should never be taken so as to even consider placing profit over the lives of their patients. If this is how things are going to go, how until we hear from our doctors that our illnesses are curable, but that they will not cure it because it would mean less money for them and the medical companies?

 

Photo from the Wall Street Journal