The difference between the cost of a product or service and the price charged for that product or service is the spread. The pharmaceutical industry, more of a pharmaceutical industrial complex (PIC), has been responsible for many miraculous things. Harvoni, a medicine that has a greater than 95% efficacy in eliminating Hepatitis C, for example. But there is no more extraordinary feat by the PIC than for a manufacturer to price a medication at $10 a pill, receive $5 a pill as payment and along the way they and five or six intermediaries profit – and profit hugely.
The difference between the cost of a product or service and the price charged for that product or service is the spread. The pharmaceutical industry, more of a pharmaceutical industrial complex (PIC), has been responsible for many miraculous things. Harvoni, a medicine that has a greater than 95% efficacy in eliminating Hepatitis C, for example. But there is no more extraordinary feat by the PIC than for a manufacturer to price a medication at $10 a pill, receive $5 a pill as payment and along the way they and five or six intermediaries profit – and profit hugely.