Wikipedia talk:Manual of Style/Medicine-related articles/RFC on pharmaceutical drug prices: Difference between revisions
Content deleted Content added
→Don't make a big deal about "monthly cost": not minor |
SandyGeorgia (talk | contribs) hello |
||
| Line 3: | Line 3: | ||
{{ping|WhatamIdoing}} To quote your edit summary: {{talkquote|1=''Undid revision 934930316 by Doc James James, you can claim that there are no incorrect prices as soon as you can prove that $27.77 divided by the price of Ethosuximide given in that source yields 150 pills, and not 150.5 pills. There are actually (a few) errors.''}} A monthly cost is one-twelfth of the annual cost. that is, 365.25/12 = 30.4375 days cost (the average number of days in a month over a four-year span). The actual monthly cost is 30.4375 x 5 (closer to 152 pills per month) x US$0.1845 = US$28.08. This is a clear indication that you're counting angels dancing on pinheads: your arithmetic is as bad as James' and your assumptions cause a bigger error than the one that you were calling "incorrect". --[[User:RexxS|RexxS]] ([[User talk:RexxS|talk]]) 17:09, 20 January 2020 (UTC) |
{{ping|WhatamIdoing}} To quote your edit summary: {{talkquote|1=''Undid revision 934930316 by Doc James James, you can claim that there are no incorrect prices as soon as you can prove that $27.77 divided by the price of Ethosuximide given in that source yields 150 pills, and not 150.5 pills. There are actually (a few) errors.''}} A monthly cost is one-twelfth of the annual cost. that is, 365.25/12 = 30.4375 days cost (the average number of days in a month over a four-year span). The actual monthly cost is 30.4375 x 5 (closer to 152 pills per month) x US$0.1845 = US$28.08. This is a clear indication that you're counting angels dancing on pinheads: your arithmetic is as bad as James' and your assumptions cause a bigger error than the one that you were calling "incorrect". --[[User:RexxS|RexxS]] ([[User talk:RexxS|talk]]) 17:09, 20 January 2020 (UTC) |
||
:I think the statement by WhatamIdoing was rhetorical, rather than insisting that this minor typo was the only error found. Actually see [https://www.ncbi.nlm.nih.gov/pubmed/31371075 this paper] for how 28 days, vs 30 days, vs calendar month is not a small rounding error: "We estimated that an extra cost of almost half a million euros (€495,420) would have been incurred if all prescriptions had been every 4 weeks." I don't think half a million euros is minor. But see also [[Wikipedia talk:Manual of Style/Medicine-related articles#Mistakes]] for several examples that indicate around 1:5 drug prices have always been wrong, and [[Wikipedia talk:Manual of Style/Medicine-related articles#Out of date]] for how, after 5 years, about 50% of our drug prices are likely wrong by a factor of 2 or more. See also [[Carvedilol]]: the article claims "the wholesale cost per dose is less than 0.05 USD" and yet if the NADAC database was searched for "Carvedilol" and "Carvedilol ER" we'd learn the extended release tablet was $7.08 a pill, which is more than 100x more expensive. These are not minor mistakes. -- [[User:Colin|Colin]]°[[User talk:Colin|<sup>Talk</sup>]] 21:54, 20 January 2020 (UTC) |
:I think the statement by WhatamIdoing was rhetorical, rather than insisting that this minor typo was the only error found. Actually see [https://www.ncbi.nlm.nih.gov/pubmed/31371075 this paper] for how 28 days, vs 30 days, vs calendar month is not a small rounding error: "We estimated that an extra cost of almost half a million euros (€495,420) would have been incurred if all prescriptions had been every 4 weeks." I don't think half a million euros is minor. But see also [[Wikipedia talk:Manual of Style/Medicine-related articles#Mistakes]] for several examples that indicate around 1:5 drug prices have always been wrong, and [[Wikipedia talk:Manual of Style/Medicine-related articles#Out of date]] for how, after 5 years, about 50% of our drug prices are likely wrong by a factor of 2 or more. See also [[Carvedilol]]: the article claims "the wholesale cost per dose is less than 0.05 USD" and yet if the NADAC database was searched for "Carvedilol" and "Carvedilol ER" we'd learn the extended release tablet was $7.08 a pill, which is more than 100x more expensive. These are not minor mistakes. -- [[User:Colin|Colin]]°[[User talk:Colin|<sup>Talk</sup>]] 21:54, 20 January 2020 (UTC) |
||
REMINDER to all: there is '''one venue''' for pricing discussions, and this is not it. {{ping|RexxS|Colin|Barkeep49}} Please keep everything on the same page, where everyone can see it. [[User:SandyGeorgia|'''Sandy'''<span style="color: green;">Georgia</span>]] ([[User talk:SandyGeorgia|Talk]]) 21:58, 20 January 2020 (UTC) |
|||
Revision as of 21:59, 20 January 2020
Don't make a big deal about "monthly cost"
@WhatamIdoing: To quote your edit summary:
Undid revision 934930316 by Doc James James, you can claim that there are no incorrect prices as soon as you can prove that $27.77 divided by the price of Ethosuximide given in that source yields 150 pills, and not 150.5 pills. There are actually (a few) errors.
A monthly cost is one-twelfth of the annual cost. that is, 365.25/12 = 30.4375 days cost (the average number of days in a month over a four-year span). The actual monthly cost is 30.4375 x 5 (closer to 152 pills per month) x US$0.1845 = US$28.08. This is a clear indication that you're counting angels dancing on pinheads: your arithmetic is as bad as James' and your assumptions cause a bigger error than the one that you were calling "incorrect". --RexxS (talk) 17:09, 20 January 2020 (UTC)
- I think the statement by WhatamIdoing was rhetorical, rather than insisting that this minor typo was the only error found. Actually see this paper for how 28 days, vs 30 days, vs calendar month is not a small rounding error: "We estimated that an extra cost of almost half a million euros (€495,420) would have been incurred if all prescriptions had been every 4 weeks." I don't think half a million euros is minor. But see also Wikipedia talk:Manual of Style/Medicine-related articles#Mistakes for several examples that indicate around 1:5 drug prices have always been wrong, and Wikipedia talk:Manual of Style/Medicine-related articles#Out of date for how, after 5 years, about 50% of our drug prices are likely wrong by a factor of 2 or more. See also Carvedilol: the article claims "the wholesale cost per dose is less than 0.05 USD" and yet if the NADAC database was searched for "Carvedilol" and "Carvedilol ER" we'd learn the extended release tablet was $7.08 a pill, which is more than 100x more expensive. These are not minor mistakes. -- Colin°Talk 21:54, 20 January 2020 (UTC)
REMINDER to all: there is one venue for pricing discussions, and this is not it. @RexxS, Colin, and Barkeep49: Please keep everything on the same page, where everyone can see it. SandyGeorgia (Talk) 21:58, 20 January 2020 (UTC)