A recent op-ed in The New York Times by Sam Waksal, the founder of the biotech firm ImClone who is probably best remembered for his involvement in a large insider trading scandal in 2002, caught ACSH's Dr. Josh Bloom s attention, largely for its absurdity. In the piece, Waksal argues that individuals and insurers should only pay for drugs that actually work, which he outlines in his "pay-for-response" pricing model.
A recent op-ed in The New York Times by Sam Waksal, the founder of the biotech firm ImClone who is probably best remembered for his involvement in a large insider trading scandal in 2002, caught ACSH's Dr. Josh Bloom s attention, largely for its absurdity. In the piece, Waksal argues that individuals and insurers should only pay for drugs that actually work, which he outlines in his "pay-for-response" pricing model.