tag:blogger.com,1999:blog-10000891.post6844254808016309935..comments2024-02-21T19:56:57.057-08:00Comments on California Stem Cell Report: LA Times: California's Stem Cell Agency and Rising Concerns About Drug CostsDavid Jensenhttp://www.blogger.com/profile/00077329461962729362noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-10000891.post-26560141170203975542015-10-12T09:05:44.933-07:002015-10-12T09:05:44.933-07:00Appropriately, the goal set was to reduce overall ...Appropriately, the goal set was to reduce overall healthcare costs not just drug costs. For instance, if a drug costs $100,000 but eliminates hospital and other chronic care costs of $200,000 than the drug is a pretty good bargain. It is important to recognize that the overall cost of pharmaceutical products makes up only 12.9% of healthcare costs (OCED, 2007). Without pharmaceutical intervention, overall healthcare costs coupled with lost productivity (due to increased morbidity and mortality) would be much higher. This is not to say that we shouldn't be concerned about high drug costs but we need view the issue in the proper perspective.Anonymousnoreply@blogger.com