According to the World Health Organization, healthcare costs need to be adjusted to match their worth with regards to longevity. Like, there's this SUPER bomb Hep C drug that has a 95% cure rate-- CURE rate. That's insane. It's an 84 day regimen, but costs $1000 a pill. It's an 84 day regimen, and 70,000 people used it in 2014
That's like 5.5 BILLION dollars of return
The thing is that it's incredibly hard to get a medicine pushed through the FDA. For instance, for colon cancer, there had been only one drug available from 1959-1995(ish). In that time, 70 colon cancer drugs were submitted for FDA approval and rejected
The ridiculous cost of drugs reflects the massive amount of research that pharma companies need to keep hitting bullseyes once every couple years. Whatever they can charge, they will charge, and it's the most effective way for them
But basically there will be drugs that virtually no one can afford that would cure so many of our problems.
The point is this- the WHO suggests normalizing the cost of medicines towards the value of extending a human life by one year. They currently recommend pricing drugs so that a drug that extends your life by one, good year should sell for 1-3x that country's GDP/ capita
So the cost of extending your life by one year is roughly $50K-150K
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Witty