Hospitals Become Small Pharma

Here is an amazing story about the entrepreneurial spirit and it is not from a small company.  Four major US hospitals are banding together to produce a few generic drugs that the pharmaceutical companies are financially extorting with.  This, to me, is so cool.  The free market wins again (maybe) if this sets a trend.  Now we need other companies to do the same with the insurance market.   I expect that to happen in 2019 once the mandate is gone.  I predict prices for health insurance plummet just like the prices for a gallon of gas. Remember when it was over $4 a gallon?  I think the model copies will like these Health Sharing Ministries but without the religious bent.  Mark it.

Oh, I almost forgot.  We need to keep an eye on these four hospitals to see if they still gouge the patients (or other hospitals they sell it to) with their own generic drug price.  My guess?  Yup.  Mark it.

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Douglas Farrago MD

Douglas Farrago MD is a full-time practicing family doc in Forest, Va. He started Forest Direct Primary Care where he takes no insurance and bills patients a monthly fee. He is board certified in the specialty of Family Practice. He is the inventor of a product called the Knee Saver which is currently in the Baseball Hall of Fame. The Knee Saver and its knock-offs are worn by many major league baseball catchers. He is also the inventor of the CryoHelmet used by athletes for head injuries as well as migraine sufferers. Dr. Farrago is the author of four books, two of which are the top two most popular DPC books. From 2001 – 2011, Dr. Farrago was the editor and creator of the Placebo Journal which ran for 10 full years. Described as the Mad Magazine for doctors, he and the Placebo Journal were featured in the Washington Post, US News and World Report, the AP, and the NY Times. Dr. Farrago is also the editor of the blog Authentic Medicine which was born out of concern about where the direction of healthcare is heading and the belief that the wrong people are in charge. This blog has been going daily for more than 15 years Article about Dr. Farrago in Doximity Email Dr. Farrago – [email protected] 

  1 comment for “Hospitals Become Small Pharma

  1. George Voigtlander
    January 22, 2018 at 7:11 am

    The pharmaceutical rape of America seemed to have gone into overdrive after Medicare Part D. This was WIN/kinda win. As usual big Pharma bought enough congressmen to stack the deck in their favor, price gouging became the law of the land.

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