Hospital chain Intermountain Healthcare is leading a industry consortium representing 450 hospitals in total in an initiative to manufacture their own generic drugs, either directly or through subcontractors.
The pharma industry is riddled with price-gougers and horror stories: the 1958 drug that was free and now costs $110K/yr, defective, overpriced epipens, Martin Fucking Shkreli, 1100% increases in insulin prices, a muscular dystrophy drug jumping from $1 to $89,000/dose, and more. Trump even put an insulin profiteer in charge of regulating drug prices.
Standing with Intermountain Healthcare is Ascension, SSM Health, and Trinity Health. The US Department of Veterans Affairs is also collaborating with the group. Together, they represent more than 450 hospitals across the country.
In an interview with The New York Times, Intermountain Healthcare’s CEO, Dr. Marc Harrison, did not mince words. “This is a shot across the bow of the bad guys,” he said. “We are not going to lay down. We are going to go ahead and try and fix it.”
Peeved by price gouging and shortages, hospitals will now make their own drugs [Beth Mole/Ars Technica]
“Test counts inflated, death tolls deflated, metrics shifted.”
The U.S. death toll of those killed by Covid19 passed 100,000 today, according to The New York Times. Johns Hopkins’ tracker, which does not include U.S. deaths aboard cruise ships, placed the death toll at 99,783 on Wednesday. The toll is short of the true total, say experts, but the milestone, arbitrary as it is, […]
From designer Nate Shirley, a “personal hygiene product intended for cleaning your ears. It uses disposable spiral cleaning heads that spin at a constant speed.” I wish he would Kickstart it! Image: Nate Shirley
When you think of the single program that seems to absolutely epitomize business in all its forms, you probably think of Microsoft Excel. It’s been around for three decades, it’s the cornerstone of the ubiquitous Microsoft Office suite and that neat, ordered grid of a spreadsheet is synonymous with 21st-century commerce. While many have Excel […]
You’d think the biggest complaint that can be leveled about a pair of earbuds is that they just don’t sound all that great. Granted, there are plenty of cut-rate headphones that fall under that category, but we’d wager the pet peeve that makes most users throw away earbuds in frustration is when they just don’t […]
Father’s Day is June 21st, otherwise known as the roughest shopping day of the year. Don’t get us wrong, Dad deserves an awesome gift for all the great things he gave you. But let’s be honest — buying for your father is often a chore. Your gift has to take into account what he already […]