Why Chemotherapy That Costs $70,000 in the U.S. Costs $2,500 in India - The Atlantic
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"Ninety percent of children with leukemia in high-income countries will be cured, but 90 percent of those with that disease in low-income countries will die from it."
We should replace medical patents with medical prizes, calculated from the actuarials.
Replacing the patent system is a good idea.
The international patent system has spurred tremendous pharmaceutical innovation. The inventors of Gleevec were awarded both the Lasker Award and the Japan Prize for their contributions to medicine and science. But the patent system must meet the legitimate needs of its constituents to function.
How would medical prizes work?
Not quite sure, probably some function of the economic gain brought by the treatment.. However, use of prizes to encourage needed technology has historical precedent.
11:02 PM Apr 11 2013