About Americans

I know that this article at Bananenplanet is filled with generalizations, but many of them rang true to me. Thoughtful article that suggests that Americans need to look in the mirror. Here are some of the main points:

  • We Know Nothing About The Rest Of The World
  • The Quality of Life For The Average American Is Not That Great
  • The Rest Of The World Is Not A Slum-Ridden Shithole Compared To Us
  • We’re Paranoid
  • We’re Status-Obsessed And Seek Attention
  • We Are Very Unhealthy
  • We Mistake Comfort For Happiness

Continue ReadingAbout Americans

Pay for Delay

Why is it that generic drug makers sometimes delay entering the market, sometimes long after the drug patent expires? This is another tale in corporatocracy, told by Alternet:

[I]magine you’re a big-time drug company. You want to keep competitors off the market as long as possible. Your move is to basically sue the pants off the generic drugmaker for copyright infringement, setting in motion a long and tortuous legal process. And these usually end with “pay-for-delay” deals. The brand-name drug company pays the generic manufacturer a cash settlement, and the generic manufacturer agrees to delay entry into the market for a number of years. In the case before the Supreme Court, the drug company paid $30 million a year to protect its $125 million annual profit in AndroGel, a testosterone supplement. It’s hard to see this as anything but bribery, designed to preserve a lucrative monopoly for the brand-name drug maker. In fact, this is what the Federal Trade Commission has argued for over a decade. They consider it a violation of antitrust law, arguing that the exchange of cash gives the generic manufacturer a share of future profits in the drug, specifically to prolong the monopoly. As SCOTUSBlog summarizes from the FTC’s court brief, in the regulator’s view, “Nothing in patent law … validates a system in which brand-name companies could buy off their would-be competitors.” Indeed, everyone wins with pay-for-delay but the consumer: the FTC estimates that the two dozen deals inked in 2012 alone cost drug patients $3.5 billion annually, with the brand-name and generic manufacturers splitting the ill-gotten profits.

Continue ReadingPay for Delay

Time Magazine explores the destruction of American health care

Check out the feature article in this week's Time Magazine. It's called "Bitter Pill," and it's written by Steven Brill, a savvy insider. In addition to making me apprehensive that health insurance costs are about to spike upward due to Obamacare's lack of any meaningful price controls on health insurance, it gives an insider's look into the massively arbitrary pricing of health care services. In the absence of any competitive market, big hospitals (including the so-called non-profit hospitals) are freely allowed to concoct the prices they charge. They quietly maintain their made-up pricing on their non-public "chargemaster" price lists.

Continue ReadingTime Magazine explores the destruction of American health care

10 facts about dairy milk

We are hit with so much propaganda about the "need" to drink cow milk that many Americans uncritically believe it. To follow up on an article I once wrote about all the dairy hype ("The Land of Milk and Money"), I offer this more recent article listing "10 Fascinating Facts About Cow Milk." And yes, most of the world's adults are lactose intolerant. It is not even possible for them to drank milk. We milk-drinkers are the unusual ones. Actually, I'm mostly there. I put soy milk on my cereal, but I still do enjoy ice cream. But I don't consume milk products for the calcium. I know that there are other ways to get calcium.

Continue Reading10 facts about dairy milk