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Pharma Is Running Out of Scapegoats for High Drug Prices
Townhall.com ^ | August 17, 2018 | Mytheos Holt

Posted on 08/17/2018 8:33:01 AM PDT by Kaslin

click here to read article


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To: onona

“These “Big Pharma” threads never fail to smoke out the socialists on Free Republic.“

True. It also smokes out the robber barons and their enablers.


41 posted on 08/17/2018 2:16:49 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day")
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To: aimhigh

“It’s the FDA that is the real culprit. They prevent generic competition. Corrupt to the core.”

And why, I wonder, would they do that?


42 posted on 08/17/2018 2:17:46 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day")
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To: Brian Griffin

“The drug companies hold drug patents which provide for federal monopoly protection.

The drug companies can charge really high prices because US insurers are required by law to pay for medically necessary drugs pretty much regardless of price.

States are absolutely required to pay for Medicaid drugs regardless of price.

This legal scheme creates a ladder of ever escalating drug prices.”

If the Republicans don’t “fix” this problem, I guarantee that the Democrats will. Their choice.


43 posted on 08/17/2018 2:26:28 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day")
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To: The Antiyuppie
Another friend of mine died last year from Hep C complications at age 66 - he evidently had it for a long time and had gone through the Interferon treatment.
It helps to have good insurance. Two years ago I had vascular surgery for aneurysms on my iliac artery and they inserted some stainless steel stents and re-plumbed the pipes. A total of 30 hours in the hospital and the bill was $228,000. Thank you Aetna.
44 posted on 08/17/2018 2:29:48 PM PDT by dainbramaged (If you want a friend, rescue a pit bull.)
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To: rottndog
"Non market prices"? You mean non MASSIVE PRICE GOUGING prices. Just three examples:

1 arisol 160mcg Symbicort: FIVE HUNDRED DOLLARS

1 arisol 30ml Asterpro: FIVE HUNDRED DOLLARS

A friend I know has to use BOTH twice, two times a day, every day. They go through one of each, every month. So do the math = 24 × 12 = TWELVE THOUSAND DOLLARS A YEAR.

Another example of RX Manufacturers outrageous price gouging, just because they can: Epi pens. You can look this one up yourself. They used to be very reasonable, then the RX Company decided to financially hammer their customers, raising the price by HUNDREDS OF DOLLARS FOR JUST ONE because they could and because their customers, MOSTLY PARENTS WITH SMALL CHILDREN, had no where else to go.

It's about time prescription companies feet were held to the fire for their massive price gouging.

45 posted on 08/17/2018 2:38:36 PM PDT by Jmouse007 (Lord God Almighty, deliver us from this evil in the name of our Lord and Savior Jesus Christ, amen.)
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To: Mase

The cost/benefit has many angles. For example, statins are good for you. However, some statins can raise your blood glucose levels, and, in fact give you diabetes. The current medical thinking is that it’s better to take statins and then control diabetes after they give you the disease than it is to not take statins while not getting diabetes. The common generic statin drugs cost about a dime a pill. My healthcare provider actually gives them away free.

This situation would lead a good pharmaceutical company to develop a statin that doesn’t give the patient diabetes, and, in fact, one foreign one has. It’s not very popular in the US because it costs $10 per daily pill. This cost/benefit has me thinking if not getting diabetes is worth $3500/year.

Because big pharma and the AMA can make money either way (though I suspect diabetes+statins is the more profitable way for both), no American drug company is jumping into this competition.


46 posted on 08/17/2018 3:29:27 PM PDT by VanShuyten ("...that all the donkeys were dead. I know nothing as to the fate of the less valuable animals.")
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To: Kaslin

Big Bang Theory - Cross Ebola - Pinky Swear
https://www.youtube.com/watch?v=nNMbOoHx73M


47 posted on 08/17/2018 3:33:03 PM PDT by minnesota_bound
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To: BipolarBob

Instead of pills you just keep her in mind....

Raquel Welch
https://www.usmagazine.com/wp-content/uploads/raquel-6772234f-d76a-419a-960b-56ff4ffe9de5.jpg?w=762&h=1024


48 posted on 08/17/2018 3:47:48 PM PDT by minnesota_bound
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To: BipolarBob

What a country. You can be paid to not produce a drug, and the government will pay you not to grow crops.


49 posted on 08/17/2018 6:46:22 PM PDT by generally ( Don't be stupid. We have politicians for that.)
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To: generally

I never was so lucky. Even growing up I did everything right, didn’t cause my parents trouble But my hellraiser brother was always in trouble. He was given an allowance if he was good for the week. He got paid to be good but I was good for nothing.


50 posted on 08/17/2018 7:09:34 PM PDT by BipolarBob (In other news Satan is opening a Ice Skating Rink in downtown Hell.)
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To: BipolarBob

;-)

I was a member of that club, too.


51 posted on 08/17/2018 7:11:16 PM PDT by generally ( Don't be stupid. We have politicians for that.)
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To: Socon-Econ
As the article and the comments note, there are various ways we can make the market for drugs more competitive, but the underlying problem of high development costs, and the patent system that is necessary to induce companies to bear them, will remain. What’s the alternative to the patent system? A nationalized pharmaceutical industry with government in charge of developing drugs? More Marxist rhetoric against drug companies is not going to help.

THIS!

52 posted on 08/18/2018 3:52:03 PM PDT by NobleFree ("law is often but the tyrant's will, and always so when it violates the right of an individual")
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