This is the sort of thing Ted should host more of

So the solution is for politicians to make changes that won’t happen because they are paid by lobbyists to prevent the changes

My doctor told me about another reason for high drug costs. Generic drug manufacturers are bought out by big corporations . The drug prices skyrocket because it costs too much for a "new" generiic masnufacturer to market the drug(s) at a lower price.

It's just too expensive. It's ridiculousl you need to pay $10k for an invention. It keeps all the public out of invention.

"Because we have failed to adapt this system to fit today's reality". HOW MANY THINGS IN TODAY'S SOCIETY CAN THAT BE SAID ABOUT?

it should be globally shamed to put a patent on medicine that could save lives and prevent a single company to determine how greedy they can be and get away with

Everything she said was so accurate she is probably a corporate target now. I said stuff like that in high school a week later there were federal agents knocking at my door calling me a Russian spy.

Wow, just wow. She is so brave to say it out, and the suggestions she made has great impact on American’s right and democracy.

Section 3(d) of the Indian patent act. Patent eligibility to a new use or new form of known molecules is denied, unless they contribute to higher therapeutic efficacy over the previous form. Derivative of existing substance is considered to be identical to the existing substance except for significance difference in properties in consonance with efficacy

Why are pharmaceutical drugs so expensive? Human greed, you say? 🤯

Some medications cost a ton to fabricate, most do not and are simply overpriced. Some medications cost a lot in research and development, most do not and are simply old drugs rebranded as treating a new symptom. We need to be able to differentiate between these. Some drugs are naturally expensive, but most are just unethically artificially priced high for profit. We do need copyright reform.

I used to take Imitrex, when the patent expired they wanted to make a new one so they added RX strength naproxen, slightly altered the dose of the imitrex and changed the name. I also used to get free samples of Zipsor (diclofenac in liquid gel cap form.) I get some of my meds through the county where most of the patients are poor and on state insurance and the doctors I have had generally pay little attention the the fact I need cheaper generic drugs. (The state insurance covers these name brands no problem.) Last year I went without a lot of things even generics till I hit my OOP max because a single trip to the pharmacy could cost me $500+

Glad to see people were actually taking note.

We also need to be able to categorize and sub-categorize different patents to have different rule sets. To separate out things like literature from character or mascot designs, or a pharmaceutical's chemical formula from new packaging or delivery methods. Aspirin is still Aspirin regardless of if it's a tablet, gel-cap or some pressure injecting shot from a scifi. The difference between a regular gelcap and a time release one, I can see there being a large enough difference between them for a patent; but not for using a slightly different type of gel or design with marginal improvements.

Changes in patent system are not the only way to ensure treatment for everyone. Look at GB or Germany for example. Everyone gets the medicine they need, even it is expensive. People matter not money.

Big pharmas should be exterminated. What a cruel monstrosity a big pharmaceutical company is.

The problem is NOT with the patent laws, the problem is with the GREDY pharmaceutical corporations. We need to make laws that limit the costs of pharmaceuticals to give the companies reasonable profits.

It seems like a big problem! How come US legislators haven't done anything about it???

Greed is the problem. Economy is focusing on money, not wealth. Health is wealth. Politics is a problem. Corruption. Greed. Shortsighted ruthless people. Bah..

PBMs are the main drivers for high drug prices. Ask any congressmen. These middlemen are gouging the consumers. If they were representing the patients they could negotiate lower prices. But due to their rebate kickbacks, they are incentivized to promote higher drug prices.

Thank you for sharing your knowledge! It’s great to understand how the “system” works! This explains a lot!!

Please address the Insurance companies and Tort Reform in driving up costs.

There's so many good TED talks that have great ideas and concepts, but it assumes that there isn't a company wanting to make more money. For themselves, or shareholders. Greed will always exist. That's the real problem here.

The pharmaceutical industry is influencing people who believe in capitalism to believe that if it is good for the company, it is good for capitalism. That's not true when what is good for the company is a new patent approval for an old drug that allows them to avoid competing with the generic production of a drug like insulin. Capitalism depends on competition keeping prices down. You used to get 7 years to recuperate costs and make profits by controlling prices before competing with generic production to make profits with increased sales vs. increased prices per sale. Then it was 14 years, 20 years, and so on. Now there's no firm end date. Don't be fooled because they say it's socialism to make them work to deserve increased prices and patent extensions. In fact, it is capitalism to ensure they work for profits. They just hope you won't think about it.

Feels brave for Ted for allowing her to speak mystery in pharma world. Almost everyone burns themselves to top medical exams. Once they become pro they fell prey to wealth fame at the cost of patients. Solution is meditation for soul awareness. Just try for once. Best wishes.

Andrew Yang is the best candidate to tackle this problem. His policy of $100 Democracy Dollars for voters to use to donate to any candidate they want will wash out the lobbyists money. She sounds like Andrew Yang. 🙏

This is a good one

If you want a lower Rx cost, go to a single payer system where rates are negotiated, and approved drugs are limited to those proven effective in a cost effective manner. Then you don’t need to reform patents at all.

So glad I clicked on this.

Bravo!!!

Vetted international online pharmacies are just as safe as domestic ones - but a lot cheaper. In many cases, the exact same medicine sold here, such as those you may find at a local Walgreens or CVS, costs 90% less from an international online pharmacy.

Wow and thank you.

Amazing , truly amazing

Need a 'love' instead of a thumbs up. So glad we have the NHS in UK and the Drug Tariff. During the financial crisis, I served an American chap who said it was insane that his private prescription for antibiotics cost him £5 instead of over £100. He wanted to rant, but we fund five patients for the cost the Americans fund one.

great ted talk.

Why there are not any competition if there are too many patents ?

Thank you for being you.

Brilliant presentation and content

Best Ted talk I’ve seen in a while. Smart lady.

I love how she first smile

Im not sure but I dont feel like we have those problems in my country in the EU. But of curse I could be wrong.

I hope this system changes to an open source system and rejects the belief system in money

We used to fund medical research thru taxes supporting university medical centers. But since, we've privatized the research in the false belief that doing so would both encourage efficiency and streamline costs, we've ended up where we are. What's worse is we're still providing government money for research only now it goes into private hands for the development of drugs they feel will have the greatest potential for profit rather than those treatments that we need most as a society. Stop with the no more taxes BS, people. The pittance you pay is not the thing killing your financial security. Your employer underpaying you is the problem.

Greed

The fact that the new technology has to be an order of magnitude better for adption is a law of the market due to the cost of transition from the old to the new. I think the idea that to issue a new patent on something it has to be significantly better makes a huge sense.

Because we consent that's why and the only reason why

Monopolies SUCK!

..... she proved herself in her own speech it is not outdated its just not being enforced properly. although it is a bit more complicated than that also. originally when our patent system was designed inventors were really just small scale innovators you made a new drug in a tiny lab or you made a new device in your garage. nowadays the level of investment required for new things is in the billions and that only counts for a success what about the nearly limitless number of failed projects that also cost many hundreds of millions of dollars.

i love selfless acts for the people by the people... thanks for fighting for good

Well said

not in this world

came here to learn why the cocaine I bought last night was expensive learned about the outdated patent system and other things

Cuz legalize Colorado that’s why

How should significantly better be defined when it comes to patents? Do you think patents should be based on the foundations of HTA? (Eg cost effectiveness) as a society we don’t align on the definition for magnitude of benefit (eg 1 month vs yrs).

Love it

Answer, "Because people are innately greedy assholes."

Private healthcare instead of public healthcare is why.

Somethings are just so confusing in life,but we need to be wise.💝

She is so so good, I wish I was like her

Does anyone have a link to her study she talks about @ 4:06

Another story of corporations paying the right people to make even more money at the expense of the very lives of billions.... And I bet they still make their mothers proud how well they have done for themselves.

Compulsory licencing for all the critical drugs.

she got some things right. and some things wrong.

Ok, good. I'm sold on this. Now what? We know what we want, but what can we do? I'm not a US citizen so it would be even harder for me to change US laws, but still. What can me or other people do to change this? This is a good cause, but I would like concrete propositions about what can be done to help. I have a limited amount of time I can spend thinking about this. Can someone with more time, think about this and propose ideas? There are to many wars to fight and not enough time.

If someone invents something even if it’s vital shouldn’t they be able to have a patent for life? Or no patents what so ever , but no compromises!

Interesting thoughts, and I'm sure truly sincere. Unfortunately sincerely simplistic. The heads of pharmacy corporations should face criminal charges just like a back alley crack dealer.

If you put it 1.25 faster she talks normal

Good ideas, but one needs to be careful with "more oversight." Fortunately what she described was more about additional transparency, which is good.

Yikes so unjust!!

ummm...no. Its the threee L's....Liability, litigation and lawyers

Abolish patents.

if you put her on 1.5 speed she sounds normal

I hate to be the bearer of bad news, but last I checked the US Patent Office has no control over what a patent owner(s) and the free market does to the price of an invention after it has been patented. Her speech is nice and inspirational, but I can't see how the US patent system can control the price of an invention brought to the free market for sale. BK

Drug price are expensive because of Government interference in the free market. The same is true with College education. The more centralized control by Government where it does not belong, the more harm is done to our society.

people are second to profit,

please add Indonesian subtitles

Weed on the cheap anyone

Nice ideas but our political system is completely corrupt, those ideas won't happen.

Allopathic medicine. Genesis. J. P. Morgan. 😳

It's not just the patent system, it's that the U.S. is paying more to make up for all the discounts other nations get that Americans don't get.

You can't do it. The riches they do lobby to even remove this video

Everytime someone says "back in the Kennedys administration" Me: oh so that's why he was killed.

She is a bright and good looking girl.

Drug prices so high because they are Illegal..hence M13 and Cartels controls..¿ IDK. jokes for sale. ;)

5:25: "The pharmaceutical industry isn't the bad guy." 6:41 until 7.03: "O rly?" No good telling people to blame the laws and not the companies when the companies are the reason those laws are in place because of their lobbying.

Though I think she is a good person, I think she does not really know about the invention process or business.

TED

It’s about capitalists and protecting the belief system in money

Have to watch the whole thing to be the first view

Bernie 2020 is the solution.

Nuts

Not the talk I thought it'd be. Clickbait

Four people came on first. How is that possible? Hey you Grand Four!!!! Did you each want a cookie? 🤣🤣

Drug or Drugs, I am confuse...🤔 Could somebody help me, please?

The story of capitalism and greed. People and companies scrabbling after the money they can make from.... Not their inventiveness but their lawyers skillful manipulation of a system. The love of money and the power over others. What a sad little world we have become.

"34 million Americans lost a family member or a friend" Right, so these aren't the people who are actually affected. Way to tug at the heartstrings to support your claim. Couldn't be less relevant. "Rising drug costs are pushing families into homelessness, seniors into bankruptcy, and parents to crowdfunding treatment for their critically-ill children" Well, it's a good thing these people you say can't afford their drugs are able to take advantage of existing healthcare and financial handouts. No one in this country is homeless unless they choose to be. Yes, if you make poor decisions that lead to you not being able to leech off of the system anymore, that's on you. As for the seniors? They, like all Americans, should make responsible financial decisions, instead of relying on the government to hand them social security checks because they couldn't be bothered to save for retirement. As far as your point on the patents being extended beyond their limits, yes, this seems wrong when you don't take into account the costs in making these drugs. Often times, they will not be approved, resulting in hundreds of millions to billions of dollars in losses for these companies. If there is no motivation to make these drugs, then it won't happen. The companies everyone likes to hate, the pharmaceutical companies, are not in the business of making medicine out of the kindness of their hearts, and wasting their money that they earned from the businesses they built. "In *India,* my organization worked with patient advocates to challenge, legally, unjust drug patents." The HIV problem in India doesn't even compare to the United States, where people do in fact have social safety nets that allow people to live. Not if they have cancer and some other diseases, but that's what health insurance is for. Not liking the cost of health insurance does not entitle you to get it for free. You should have been more responsible. Instead of going to Starbuck's and McDonald's every day, getting name brand clothes, and "needing" the new iPhone every year, buy health insurance. You get to live like a rich person/Z/They/Apache Attack Helicopter or whatever pronoun you decide to use that day, when you can afford it. Time to grow up. Try me, Bernie bros.

Çöp

1st

First

She looks like Indian, doesn't she? I am from India...btw