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

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

[Fuzz]

Maybe the pharmaceutical companies can repay the taxpayers the hundreds of billions of dollars they received first.

[joshua c]

we pay for the research

cuz countries with socialized medicine refuse to

[joshua c]

well it is an election year

increased donations will change their minds

[Secret Agent Man]

If big govt and big pharma werent already playing musical chairs between themselves...

I also dont think its fair the govt demands a billion dollars of testing done by the company, then takes their govt-awarded patents away so they can’t recoup.

Its all a complete mess and its falling apart. Its falling apart because either side is looking for loopholes or changing the rules and maximizing “profit”. In the case of govt that means fees, taxes and under the table bribes.

[pepsionice]

I suspect this is an arranged ‘game’, where Big Pharma has already selected the drugs for Biden to go after, and they know the legal consequences for the gov’t....they will be forced to pay (way over 100-percent of current value) ‘damages’.

You can figure tens of billions to be paid later to the companies involved.

[roving]

I can remember when they interfered with cable. Prices went through the roof.

[Alberta's Child]

The details of the article tell a different story. What this should do is incentivize drug companies to develop new drugs without using taxpayer funds.

[Adder]

“We’ll make it clear that when drug companies won’t sell taxpayer funded drugs at reasonable prices, we will be prepared to allow other companies to provide those drugs for less,”

That is absolutely the dumbest idea I have heard on this young day.
You do that, idiots, and see how many new drugs get produced.
Big Pharma has a lot of bad elements but it is one of the most robust drug innovators in the world. Kill their profit incentive and they will simply not but the $$’s into new research. I sure as hell wouldn’t.

[Worldtraveler once upon a time]

Patents and copyrights are property, just as other assets are.

The seizure of them for political purposes is properly named Communism.

[Alberta's Child]

My initial reaction was the same as yours, until I noticed the following highlighted item:

“We’ll make it clear that when drug companies won’t sell taxpayer funded drugs at reasonable prices, we will be prepared to allow other companies to provide those drugs for less.”

I’m astonished that these drug companies were ever allowed to keep their patents in the first place if the U.S. government was funding the research to develop them.

[T.B. Yoits]

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

The Druggies took the government taxpayers' money to develop their drugs, so I suspect that they’re out of luck they'll find other ways to get the taxpayers yo pay.

[mykroar]

Government is well known for its ability to make things cheaper. /s

[Worldtraveler once upon a time]

--- "I'm astonished that these drug companies were ever allowed to keep their patents in the first place if the U.S. government was funding the research to develop them."

The principled argument is on of government per se.

If government is "investing" -- such a lie -- in EVs and such, should the EV producers have to reduce their pricing plans? Or student loan forgiveness, in which the academic entities be required to reduce their pricing? And for that matter, universities receiving grants, which by rights then also reduce their tuition further? What of the "military industrial" manufacturers, whose prices rise and rise while actual productivity falls? The list is lengthier by far than this.

That government should be involved in "thumb on the scale" anything is a problem, as I view it. And when one notices a pattern, it is likely that pattern's effects will spread far and wide.

Eisenhower in his famous speech warned not only of the "military industrial complex," but also of the effect of government monies flowing into so many other areas.

And in the ensuing years, this government cannot spend within its collection, and is putting massive sums onto "public" debt, which at this point is taxation without representation all the while many politicians becomes wealthy.

[maddog55]

Use the government to make them cheaper 🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂 This would be a government 81mg aspirin:

[ridesthemiles]

THE FEDS NEVER DO ANYTHING CHEAPER.

REMEMBER $600 toilet seats???

[ridesthemiles]

PFIZER used only 23 test patients for their COVID VACCINES....

COSMETIC COMPANIES USE MORE

[ridesthemiles]

52 different brands/types of eye drops made IN INDIA have been pulled from market-—

BACTERIA

[Alberta's Child]

You won’t get an argument from me on any of that, but that goes to a broader question of government’s role in any of those things.

I have worked on several research projects in my career that were funded by the U.S. government. In every case, the government retained ownership of the published materials, and the research and data were in the public domain with no restrictions on use. I’m not sure why a drug patent funded through government research should be any different.

[Worldtraveler once upon a time]

--- " I’m not sure why a drug patent funded through government research should be any different."

Might I propose "big money changing hands" as a reasonable explanation?

[ViLaLuz]

Property rights, after all, should be subject to government seizure.
....................................

That’s already happening.