Posted on 07/09/2018 10:37:07 AM PDT by Jeff Chandler
Pfizer & others should be ashamed that they have raised drug prices for no reason. They are merely taking advantage of the poor & others unable to defend themselves, while at the same time giving bargain basement prices to other countries in Europe & elsewhere. We will respond!
Time to short Pfizer stock maybe?
Its the disparity that fries him. The left has pointed this out for a decade. They will soon be defending drug companies pricing pract8ces.
Pfizer’s big cash cow patent on Viagra just expired in December....
Amazing all the free traders suddenly aren’t for free trade with pharma.
Government-enforced monopolies (e.g., patents) are not free trade.
Wow, and this comes out at the same time 72-year old Carole Paladino and her husband got blown away in some freakish gas explosion that leveled their home where they had lived for decades.
Yet Carole, an initial proponent as a School Nurse of EpiPen, saw Mylan Pharma donate heavily to the Clinton Foundation, then receive a sole source contract to provide EpiPen to all School Nurse offices in public schools and other government controlled facilities nationwide, then raise the prices 400%, administered by the daughter of Senator Manchin (D) of WVA who is running against Morrisey. And Senator Manchin’s daughter became enriched to the tune of about $23,000,000.
Hello?
And Carole just happens to be on the witness less to testify before a grand jury regarding Mylan price rigging and the Clinton Foundation pay-for-play.
Then Carole’s home gets blown sky high with her and her husband in it.
Yep, just a coincidence.
You are correct - they are not. But that is an issue that’s even harder to argue among mainstream “economists” and “conservatives” than free trade with pharma is (ie buy the product in Canada or EU and then import to US and re-sale, like you can do with any other product in the world).
Put that together with the mysterious deaths of Honey and Barry Sherman of Apotex Pharma...
Trump’s election represents a watershed moment for the GOP.
The days of bending over to the Chamber of Commerce and shouting “Thank you, Sir, may I have another?” are OVER.
I took a little bit of a beating on that very subject last week. I was not aware that those, price controls, are why drugs in those other countries are so cheap. But, at the same time, I think it’s also telling, at least a little bit, that they are doing some price gouging. A medication I take was once, about $150 out of pocket. Went up to $380 or more. Asked my mom to see if she could get it for me, thru her insurance, it was closer to double the $380.
She was an office manager for a local General Practioner/Internist for years. Local doc that actually made house calls with one of those black bags. She witnessed everything change when the clintons got in bed with the insurance companies and HMOs, etc and then with obamacare, that has allowed the drug companies to jack up everything because everyone is supposed to have insurance and they can charge what they want because the government/taxpayer is paying the bills.
I’d love to see the President go on Twitter and document what it costs to make some drug that the companies sell for an, arm and a leg. Detail how it costs about .25 a pill, then sold to the public for some obscene price. Issue to me is, thru corporatism and the companies control over Congress, the length of time it takes for med’s to be approved, it’s extremely difficult to try and compete with Big Pharma and compete with them by making generics.
*** BIG MONEY DONORS ***
Quid pro quo.
As it's required long before launching the drug, pharmaceutical companies are required to publish the structure of the molecule (the underlying active ingredient in their new drug.) Without a patent, anyone would be able to copy the drug and sell it. How does that create incentive for anyone to discover and development new medicines?
Irrelevant - they need to make up the research costs, on that drug and every one that never made it to market.
Hadn’t heard of them. I’ll do a quick search.
And of course, Congressman Jim Jordan’s nephew gets killed in an auto collision.
Funny, I used to not lean to a conspiracy view, but the incident rate of these ‘accidents’ has reached a level where I am pushing myself to face the truth that there’s an organized crime network including rogue CIA goons who know how to make planes fall from the sky, autos mysteriously speed up ad run out of control, homes get blown up, servers containing evidence go missing, schools get shot up, hotels get shot up, Congress Members get shot up at picnics, news personalities have their home broken into ... and on and on and on.
All just coincidences.
The patent on Viagra is why it was not mass-produced and sold cheap.
I mean, who would have thought that a pill that allows men to have more sex would be popular?
There was no need to ramp up production so you could charge 5 cents per pill rather than 5 dollars. The government rules let you make a fortune by guaranteeing insurance had to pay for it. I am surprised it was not sold at $50 a pill.
So I see the Shermans were also ‘in the way’.
Yes, universal healthcare is what the left pushes at every chance possible. And we know that nationwide sole-source contracts for pill and medical administrators (pharma, distributors, and middlemen), are so lucrative that connected people in government will set up a friend or relative to take over in the commercial sector to participate in unjust enrichment.
Nice!
It is ONLY through government interference that medical costs of all kinds are so high.
Ok. I can agree with that.
But, is it irrelevant in the same way that defense contractors charge exorbitant fees for their wares?
Is it the same way that hospitals charge you and me, and our insurance companies if we have it, $15 for an aspirin to help cover the cost of some illegal alien that is receiving care in the ER?
Is it the same way that a hospital can charge $30k for a hand surgery, while the Surgery center down the street charges $2750?
https://www.youtube.com/watch?v=0uPdkhMVdMQ ... not sure if you’ve ever seen this, but it is rather informative.
If consumers were paying for these drugs out of pocket, instead of relying on prescription plans in their insurance plans, all but the newest and most unique would be affordable.
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