224. Fiat Medicine with Ahmad Ammous
The Bitcoin Standard Podcast
Incentives in the Pharmaceutical Industry
Discovering a one-time cure for diseases like cancer would not be viable for pharmaceutical companies as it is more profitable to provide drugs that alleviate symptoms and keep patients dependent on the medication long-term. The current model relies on patients staying sick enough to continuously need the drug, allowing companies to profit significantly. This contrasts with a hypothetical model where individuals have the freedom to choose their own medication with the associated risks and consequences.
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