Thursday Links Posted on December 29, 2023December 29, 2023 by John C. Goodman The cost of developing a newly approved drug is $2.4–$3.2 billion, including the cost of drugs that fail. Study finds that private equity purchased hospitals have a small decrease in patient morality, but a large increase in medical errors. An earlier study found that private equity purchased hospitals had fewer patient deaths and no change in the quality of care.