Biden Wants To Seize Patents Of Pricey Drugs And Use Government To Make Them Cheaper

Epoch Times ^ | 12/10/2023 | Tom Ozimek

[Carriage Hill]

Fascism takes a giant leap forward.

[Jyotishi]

Maybe he can be convinced that this is a bad idea, but how?

[cherry]

since big pharma worked hand in hand with our crooked govt, they’ll put up a little fake squeal and then accept it, knowing that they’ll get kick backs up the ying yang and back....

[cherry]

here's the solution....we need to stop taking so many meds, myself included....

there are natural remedies....weight loss, vitamins and minerals, herbs and spices, fresh air and sunlight, meditation, etc....

[lurk]

No way Joe thought up this complex scheme.

[TigersEye]

If the government seizes the patent and gives it to a third party to do the manufacturing then where is the path for a kickback to the original patent holder?

This plan is blatantly unConstitutional and won’t hold up in court whether Big Pharma gets in the fight or not.

[flamberge]

I am not generally sympathetic to pharmaceutical companies. They have a profitable racket going and they spend more on lobbying politicians than they do on drug development.

It is a better investment to rent elected officials than to pay scientists and medical research staff.

This new proposed rule does not solve any existing problems but creates quite a few new ones. It is a really bad idea, whose only beneficiaries would be lobbyists and politicians (again). The grifting opportunities are stupendous. The chances for new drug developments - not so much.

Enforcement of anti-trust laws and "most favored nation" pricing laws would instantly solve most drug pricing problems. A great many drugs should no longer require prescriptions either.

Of course, the administration does not intend to do anything effective. Neither does Congress. It is all just for show - and new grifting prospects.

[Sequoyah101]

It would be a first if the prices got cheaper or anything got better as a result of gooberment action.

[vivenne]

Exactly.

[steve86]

“Already our suppliers won’t let us order more than one bottle of some of these drugs at a time when people get three bottles each month.”

It’s hard to tell what you’re trying to say with that sentence.

[metmom]

Democrats showing their true colors yet again.

[adorno]

Which company, if any, is going to want to make any new drugs? The government will have to become the new pharma, but then, they’ll likely get the worst of the worst to do the research., and who’s going to take their chances on government drugs? But, our overseas ‘friends’ will take over making the new drugs and vaccines, and then, our federales will have to come up with other ‘ideas’.

[BobL]

...the Druggies took the government money to develop their drugs, so I suspect that they’re out of luck.

[SunkenCiv]

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[HollyB]

Exactly

[AZJeep]

If government can take away your patent on a whim, why would you invest billions to develop new medications?

[HollyB]

This is communism . Plain and simple.

Big pharma has its issues, but regardless of the organization, company, etc.. what Biden is proposing is text book communism.

[frank ballenger]

As others have said, what has the government taken over and done better than free enterprise did before that?

I remember President Gerald Ford’s jobs program. Unemployed people were set up in $10,000 a year jobs (back then) which cost the taxpayers $50,000 a year each in administrative costs. Better to have a guy stand on the corner and hand out crisp bills to the people.

[frank ballenger]

Just before Biden started in office, Dan Bongino said some drugs are about to be in short supply or totally gone because the price control system of the government will discourage the normal pricing system give and take from functioning. Companies won’t work for free. Government interference will ruin the system.

[Gaffer]

Stealing of medical drug patents is really no different than stealing regular patents. That’s a pretty tall order to survive suits that would come up all the way to the USSC.