“The potential to deliver one shot cures is one of the most attractive aspects of gene therapy, genetically-engineered cell therapy and gene editing. However, such treatments offer a very different outlook with regard to recurring revenue versus chronic therapies. While this proposition carries tremendous value for patients and society, it could represent a challenge for genome medicine developers looking for sustained cash flow.”
CNBC, Goldman Questions Curing Patients as Business Model
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Right . . . there. There. THAT is everything wrong with “sickcare” in this country and why, to call it “healthcare” is Orwellian newspeak. Healing illness . . . double-plus ungood. Bankrupting patients . . . double-plus good.
Exactly, niebo. Same reason you see cancer care centers springing up all over the country. There will be never be a cure.
Yup.
Foundations.
Follow the money.
Filthy lucre.
Banksters.
Evil.
He’s not questioning the treatment, nor its value. He’s pointing out that it doesn’t lead to ongoing revenue. What the industry does with that problem is yet to be decided, but I see no indication that he thinks it should be abandoned.
When he says “presents a challenge” what he means is that if it does go forward, you can count on someone figuring out a way to make it either cost a fortune or the “cure” to be dosed out in tiny, overly priced portions. This is a money guy talking who doesn’t give a shit about anyone but himself or those he is making money off of.
I’m not so sure. This came out a while back. Truthstream Media (IIRC) had a video about it, and maybe Zero Hedge had an article. Anyway, I think this guy was actually trying to state openly what everybody in the SickCare biz knows but doesn’t like to have said. That is, that having a fiduciary duty to shareholders to make money doesn’t match with curing diseases … but, whoa boy, they sure do make some bucks for their shareholders.
I’d be surprised if the guy who wrote it was still employed after mentioning the unmentionable and having it make news. In the end, everyone sees the author as the villain; but I think his intent was to point out the insanity of having that duty to shareholders combined with what is (or ought to be) an ultimately philanthopic effor — i.e., curing the sick rather than finding new and inventive ways to mulct them. Kinda reminds me of stories/movies where a torturer injects someone with adrenalin to keep them alive so he can torture them some more. Of course, in this case, the tortured isn’t only the sick person; it’s also everyone who pays insurance premiums. Makes me think the phrase “Physician heal thyself” might, in some instances, be better as “Physician kill thyself”.
Anyway, I’ll see if I can’t find the full text of his letter.
Giving everyone at Goldman Sucks a shot and shove would cure a lot of things in America .