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Rick Santorum Tells Sick Kid Market Should Should Set Drug Prices [Santorum is correct]
yahoo.com ^ | February 2, 2012

Posted on 02/02/2012 3:02:35 AM PST by grundle

GOP contender Rick Santorum had a heated exchange with a mother and her sick young son Wednesday, arguing that drug companies were entitled to charge whatever the market demanded for life-saving therapies.

The mother said the boy was on the drug Abilify, used to treat schizophrenia, and that, on paper, its costs would exceed $1 million each year.

Santorum said drugs take years to develop and cost millions of dollars to produce, and manufacturers need to turn a profit or they would stop developing new drugs.

"You have that drug, and maybe you're alive today because people have a profit motive to make that drug," Santorum said. "There are many people sick today who, 10 years from now, are going to be alive because of some drug invented in the next 10 years. If we say: 'You drug companies are greedy and bad, you can't make a return on your money,' then we will freeze innovation."

Santorum told a large Tea Party crowd here that he sympathized with the boy's case, but he also believed in the marketplace.

"He's alive today because drug companies provide care," Santorum said. "And if they didn't think they could make money providing that drug, that drug wouldn't be here. I sympathize with these compassionate cases. … I want your son to stay alive on much-needed drugs. Fact is, we need companies to have incentives to make drugs. If they don't have incentives, they won't make those drugs. We either believe in markets or we don't."

(Excerpt) Read more at gma.yahoo.com ...


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To: Fresh Wind; beef; Psalm 144

When a conservative is setup to be made to look bad by being drawn into an argument with a “victim” about the complexities of pricing and new drug development, why not just deflect by referring the plant to charitable organizations that help indigent democrats?


21 posted on 02/02/2012 4:31:10 AM PST by ngat
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To: grundle

Not only that, but as the drug companies pay off the investments into making their drugs, the price drops.

It is in the best interest of the drug companies to have 10 people taking a drug, at $150 000, than to have 1 person taking it at $1,000,000.

Its better to have 100 people taking a drug at $20,000 a piece than 10 at $150,000 a piece.

Its better to have 1000 people taking a drug at $3,000 a piece than to have 100 people taking it at $20,000 a piece.

And so on.


22 posted on 02/02/2012 4:32:15 AM PST by Jonty30 (What Islam and secularism have in common is that they are both death cults.)
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To: SueRae
It can take up to 1 billion to bring a drug to market..and with a limited patent life, only a few years to recoup the investment and turn a profit. 17 year patent, up to 13 years chewed up in development.

On top of that, many drugs never make it to market -- billions in R&D invested. I don't recall the number, but I seem to remember a majority never make it to market.

23 posted on 02/02/2012 4:34:49 AM PST by AnglePark
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To: grundle

“So she said it was $1 million a year when it’s really about $7,000.”

Yep. Makes a nice soundbite though, doesn’t it?


24 posted on 02/02/2012 4:38:15 AM PST by pieceofthepuzzle
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To: grundle

Purchasing Abilify is expensive but if it works well it is worth it plus the manufacturer has a program if you can not afford it they will give it to you for free. I am told this is common for expensive pharmaceuticals.


25 posted on 02/02/2012 4:38:38 AM PST by scottteng (Tax government employees til they quit and find something useful to do)
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To: ngat

Alternatively: why not take the opportunity to articulate Conservative principles?

Santorum was right: he gave an excellent example of how the market serves humanity. Plus this Democrat plant was never going to vote for him anyway.


26 posted on 02/02/2012 4:40:57 AM PST by agere_contra ("Debt is the foundation of destruction" : Sarah Palin.)
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To: grundle

The market would fix the out of control healthcare costs. The problem is that very few patients pay their own bills. It doesn’t make much difference if it’s insurance or the government paying the bills, the market doesn’t really exist.


27 posted on 02/02/2012 4:43:40 AM PST by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: grundle
Sure Rick is right on the facts; but, he loses on the emotional level; guess which one is more important to the average voter who watches TV News and Reality TV shows.

These are the types of situations that we need a candidate like Newt to win; he knows how to deflect these types of bogus arguments and still win the issue on facts. Neither Santorum nor Romney are capable of doing that ...and it becomes more and more obvious each day.

28 posted on 02/02/2012 4:44:53 AM PST by Ozymandias Ghost
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To: grundle

Good for him. This type of exchange is exactly what Republicans need to engage in. Its also part of Chris Christie’s appeal. The Dems are good at putting someone sympathetic in front of a GOP politician and having them say “How can you be so heartless as to say the government shouldn’t pay for my treatment or pay me a fair wage?” Way too many times, the GOP candidate stammers and stutters because they don’t have the intelligence or stones to make a coherent argument that the market has a better solution to the person’s problem than the government. Its hard to tell a mother that she should pay a fortune for a drug for her sick kid because the implication is that they may not be able to afford it and the kid will die. The argument is that if we didn’t allow the market to work and charge these prices, there would be no new drugs, but that is cold comfort for the mother. I’m glad Santorum did this. It increased my respect for him.


29 posted on 02/02/2012 4:44:53 AM PST by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: grundle
The woman was arguing, apparently, that drug companies should not be entitled to charge market prices for life-saving therapies.

Under this argument, taken to its logical extreme, if 24 hour nursing care was a life saving therapy for the woman's schizophrenic son, then nurses should not be entitled to accept the highest paying jobs they could find but should be limited instead to earning what this mother could afford to pay, even if that amount was insufficient to repay the costs of nursing school and would force nurses into bankruptcy. Can't everyone see these nurses have an "obligation" to this woman and those like her; the nerve of nurses putting their individual pursuit of life, liberty and happiness ahead of their obligation to this woman and anyone else like her! How greedy!

30 posted on 02/02/2012 4:55:32 AM PST by Ahithophel (Communication is an art form susceptible to technical failure)
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Comment #31 Removed by Moderator

To: grundle

Most people don’t realize that the government infuses huge amounts of money in the way of grants for these manufacturers in the name of research.

When a new drug is found and patented, the government receives nothing from the patent. Worse yet, the government becomes the largest customer for the new drug since the welfare system will pay for most of it. In addition to that the price of any drug (new or old) is unreasonably high to government approved and out of control litigation costs, FDA regulations and a myriad of other hurdles anyone in the health field has to jump over.

How’s that for throwing our money away in the name of crony capitalism?


32 posted on 02/02/2012 5:10:49 AM PST by DH (Once the tainted finger of government touches anything the rot begins)
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To: grundle

Setup.

Of all the most important drugs that were ever developed to treat disease in the last century, I can’t think of a single one that came out of the USSR, China, Cuba, or any other socialist/communist heaven.

Socialists should quit vilifying drug companies and try to calculate how many millions of their own children died because those regimes turned their backs on the most effective model for drug development ever invented: capitalism. If anyone is venal, it’s the socialists.


33 posted on 02/02/2012 5:12:08 AM PST by LibWhacker
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To: sthguard

‘You’d think that liberals would have a better understanding of mental illness...’
First chuckle of the day. Thanks for the post.
Libs should harken back to the day of the old Soviet Union and all their innovation in the pharmaceutical industry. They were very efficient as the only drug required for them was Vodka.


34 posted on 02/02/2012 5:31:57 AM PST by taterjay
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To: sthguard
You’d think that liberals would have a better understanding of mental illness...

:) You'd think.

Good one, btw.

35 posted on 02/02/2012 5:36:53 AM PST by riri (Plannedopolis-look it up. It's how the elites plan for US to live.)
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To: grundle

Having sold Abilify for seven years, I got a chuckle out of this. First, as has been pointed out, it costs about $400/month at the lower doses that kids would likely take. Secondly, the value of a child succeeding academically and socially during his/her primary education years cannot be underestimated. If the drug was truly helping, there may be huge present and future value. Schizophrenia is extremely rare in children, and the child was most likely being treated for behavioral issues, such as this newly created ODS(Oppositional Defiance Syndrome) diagnosis.

Another thing I have noticed in visiting clinics where these children are treated is that their biggest problem is often their parents, who are destroying the kids by persistent poor behaviors, such as shouting at the kids and acting just as selfish and immature as the kids. Also, many of the parents have mental health issues of their own, and just cannot cope with the job of parenting.


36 posted on 02/02/2012 5:49:22 AM PST by mtrott
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To: scottteng
Most of the drug companies do have assistance programs which provide free medications to people who need them and can't afford them. They give away a lot of medications that way. It takes a little paperwork and effort because the companies try to make sure that the people they are providing the meds for actually are in need, but it does work.
37 posted on 02/02/2012 5:49:59 AM PST by susannah59
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To: beef
I ran across an article a few years ago that compared the profit margins of the pharmaceutical companies with that of Coca-Cola.

Guess who had a much bigger profit margin? It wasn't "Big Pharma."

I wish I still had the article. IIRC, it was by a "think tank" economist and not the industry, either.

Pharmaceutical companies, like other companies, have to make a profit to stay in business. Funny that no one seems to object to certain other types of companies making a profit.

38 posted on 02/02/2012 5:55:11 AM PST by susannah59
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To: agere_contra

All three of your points are correct, but nevertheless, and I guess it’s the way the story is written, Santorum still comes off looking as the unfeeling wonk that argues arcane points with poor sick children and their mothers.

You cain’t win.


39 posted on 02/02/2012 5:55:29 AM PST by ngat
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To: grundle

I still don’ get why conservatives are not rallying around Santorum.

He sticks to his guns and tells it like he sees it. I reallly wish he were the front runner.


40 posted on 02/02/2012 5:58:51 AM PST by razeislam_crushthedems
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