Saturday, August 20, 2005

Before I start spouting out my opinion, let me just give one caveat; I'm fairly ignorant on this subject, and may be basing my conclusions on some incorrect assumptions.

Anyway... The Vioxx lawsuit. Some woman's dead husband had been taking Vioxx for a while, and supposedly it caused a heart problem and he died and it's all Merck's fault, so the jury awarded the woman like $360 million. I don't care who you are, you're not worth that much money, and you're especially worth a lot less dead. My understanding is that millions of people use Vioxx to aleviate arthritis pain, and that they now think like 1 out every million or so may develop heart problems related to Vioxx. I wonder what the actual number is. Obviously at some point it does become a bad thing, but one out of a million I'm not going to blame Merck for. More people die in car accidents or by eating too much fast food, and their widows or widowers don't get hundreds of million of dollars. I think monetary awards in cases like this are ridiculous. It drives up insurance rates, and it makes it tougher for a company like Merck to make more or better drugs. If it's discovered they are truly at fault (and is a Jury valid to be making a medical decision like this?), I think a smaller award to the victim's family would be more proper. I don't know how much, I'd have to read more about the subject, and maybe go to law school and think about it a lot. I don't think precedent is valid here, because we've always given too much money in these sort of cases.

3 Comments:

At 2:44 PM, wendy said...

my sister used to take vioxx and shes worth more than $360 million.

 
At 12:01 PM, Ben said...

Maybe, but what ahppens when Merck and other companies deicde they can no longer afford to make any new drugs due to the risk from very small and unusual side effects like that that killed Vioxx cause them to get sued and lose all their money? It's not worth making a new drug because even though millions are saved by a drug, they lose far more money in lawsuits by the three people affected by side effects. All of the sudden there are no more new drugs, and when your sister's problem gets worse, she's screwed because all that's left is aspirin, but she'd have only people with your attitude to blame.

 
At 12:02 PM, Ben said...

WOW, that last comment I made was check full of typoes and bad grammar, even more so than usual. Must be sleepy.

 

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