It’s been five years since hepatitis C drugs broke into the National Health System. Their entry was plagued by controversy because of their high price, the long period of negotiation, and the social pressure that patients legitimately experienced in order to be able to access a medicine that cured, or simply helped manage a disease that in many cases lead to death to this point.
The conversations between the Ministry of Health and the companies marketing those antivirals were plagued with secrecy but finally, one figure stood out amid so much obscurantism: $782 million (€721 million). The figure refers to the investment that the autonomous communities had to make to treat the patients they had registered, plus many others who were not diagnosed during the first three years.
Discover quality content across all passions and interests. Personalized financial headlines, biotech, crowdfunding, business, fintech, crypto, and more.
Negotiations and the impact on the public
The Ministry of Health put all the financing formulas on the table: payment by result, spending ceiling, purchase by volume. Those negotiations had a high impact on the public accounts but today the situation, from the point of view of price, is very different and treatments range from $8.674 to $10.845 (€8.000 to €10.000).
The key from the point of view of the State, and also for the pharmaceutical companies, is that hepatitis C was the most mediated case that showed that in healthcare, it is often more appropriate to talk about investment than expenditure.
A study published in the Liveración journal, edited by Gilead, the main marketer of these drugs together with the Abbvie pharmacist, shows that the return that the State has had is $738 million (€681 million) only taking into account the complications that a patient faces from the moment they contract the virus, and in the two years following the implementation of the Plan. This figure would increase if we take into account that the recovery of a patient and his or her complete reincorporation into society provides an increase in the Gross Domestic Product.
According to the accounts made by Juan Turnes, head of the Digestive Service of the Montecelo Hospital in Pontevedra, it’s evident that 13,791 cases of decompensated cirrhosis have been avoided (87%), saving $121 million (€112 million). The evolution of hepatitis towards liver cancer has also been drastically reduced by 74%, saving $124 million (€144 million), and the cases of liver transplants by 84%, reducing the public bill by $461 million (425 million).
The potential savings figures were also provided by communities such as Cantabria and Valencia. In fact, the best proof of the State being happy with its investment was the decision to ‘democratize’ access to all patients, not just those in more advanced stages of the disease.
The challenge of elimination
The objectives set by the State have been gradually fulfilled but now various hepatologists have been requesting a final effort to achieve the elimination of the virus in Spain for months. To better understand the path to be followed, we must know that hepatitis C is a disease that incubates for many years without providing any symptoms in the patient. This means that many citizens may suffer from it without being aware of it, which multiplies the risk of contagion for other people.
The recommended practice to bring patients out of ignorance is screening, and the discussion now comes down to whether it should be for the whole population, by specific age groups, and by so-called risk groups. Many health professionals are inclined to do so for the entire population, but the Ministry of Health has so far not seen this clearly from the figures for the current incidence of disease, which stands at around 2 and 3%. In any case, Turnes states in Liveración that the investment to achieve elimination would cost around $836 million (€771 million).
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in elEconomista.es, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Not all software IPOs are created equal
It's never a good idea to pour money into a company just because it's a tech company. Not every company...
How are sustainable labels awarded and what they stand for
There is no shared definition of the concept of "sustainable finance", which leaves a wide margin of interpretation when it...
B2B only: Spotcap sells credit business to Ferratum
The Spotcap-Ferratum deal is further proof that the German fintech industry is being shaken up in the corona crisis, at...
Domestic demand versus export demand: which is better?
Palm Oil closed lower on ideas of decreasing production and private reports of weaker demand. It is seasonally a time...
What is happening with the American Capitalism
Unsurprisingly, Wall Street is once again clamoring for another shot of heroin because all those trillions of dollars that were...
Featured6 days ago
Which fintech company raised the most funds in Q3 2020?
Crypto7 days ago
Ripple’s CTO sells 40,000 Ethereum for $1 per token
Business7 days ago
How to grow your small business through Amazon advertising
Africa4 days ago
Fruitbox Africa: Frankfurt investor and Siemens to create jobs in Ethiopia