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73. Who Pays for Multimillion-Dollar Miracle Cures?

Freakonomics, M.D.

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The Benefits of Subscription Drugs

This payment plan operates sort of like insurance, but instead of being provided directly to an individual by a traditional insurer. For the drug makers, it offers the prospect of predictable recurring payments rather than big sporadic purchases. The three most expensive drugs in the world are all treatments for rare genetic diseases.

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