[refurb]

You’re lumping all drugs into one basket.

The demand for some drugs is very elastic. A good example is what I take for stomach acid. I stick with generic ranitidine and skip the esomeprazole. Is ranitidine inferior? Yeah, probably, but it’s worth the cost savings.

Even in markets like cancer there is competition.

However, a big problem is that the person who pays, the person who understands the data and the person who should make the choice are all different.