I could point out Joetato’s totalitarian instincts here but I think I’ll just make some popcorn and watch the reaction from Big Pharma. :)
And so naturally, they'll only be given to those deemed "important" enough to get them.
“If you think things are expensive now, just wait for what they’ll cost when they’re ‘free’!” - PJ O’Rourke
This would stop development of new drugs dead. No one is going to spend hundreds of millions of dollars developing new drugs if the government is going to steal the patents.
Biden wants ice cream.
He has no concept of perscription anything.
I think I read a study of why this is something to do. Oh yea, Atlas Shrugged.
Cool!
Seize the Coca Cola patents to make soda cheaper. Property rights, after all, should be subject to government seizure.
I’ve read that the price of bringing a new drug to market is over a billion dollars. Things could easily get cheaper if the Government got out of the way. All this latest power grab does is end any private attempts to develop new drugs in America. Small markets like diseases with few victims are already skipped because of the red tape and costs.
At least he is not a dictator like Trump.
Yes, big pharmaceutical companies are often greedy. And so desperate people get squeezed. But something like 9 out of 10 new medicines fail somewhere in the clinical trials. Companies depend on that 1 success out of 10 to stay in business.
Take away patent protection, and why should companies invest in new research?
Biden is killing the Golden Goose here.
This is just for public consumption only. The pharmaceutical companies spend well over $1 billion in lobbying Congress. Hell they might spend 2 billion now who knows. In any event, Congress is bought and paid for by big Pharma and they are going to do whatever they’re told to do including Joe Biden. What a joke.
How about stopping all pharmaceutical advertising on television there’s a good start right there. If you’re going to prevent the tobacco companies from advertising, why not the pharmaceutical companies, they an are public health threat to.
A pharmacist I work with says that this will make drugs less available for patients. 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.
“...to let third parties use those patents to make the drugs available more cheaply.’
Why do I get the feeling those “third parties” will be in China or Ukraine?
Fascism takes a giant leap forward.
Maybe he can be convinced that this is a bad idea, but how?
No way Joe thought up this complex scheme.
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.
It would be a first if the prices got cheaper or anything got better as a result of gooberment action.
Democrats showing their true colors yet again.
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’.