Political Forums  

Go Back   Defending The Truth Political Forum > Political Forum > Current Events

Current Events Current Events Forum - Latest political news and events


Thanks Tree15Thanks
Reply
 
LinkBack Thread Tools Display Modes
Old May 13th, 2018, 08:17 AM   #1
RNG
Senior Member
 
RNG's Avatar
 
Join Date: Apr 2013
Location: Between everywhere
Posts: 29,619
Trump: Other nations extort drug-makers

It appears that the Republican President's means of helping drug prices is in fact nothing but a means of increasing Big Pharma's profits.

His master plan is to brow-beat other nations into paying more for their drugs by threatening trade sanctions.

According to experts consulted by the BBC in the linked story, that won't drop prices in the US, will increase prices in the parts of the world that succumb to this blackmail and as has already been shown by the stock price changes enjoyed by Big Pharma, make the rich richer.

What a guy!

Trump: Other nations extort drug-makers - BBC News
Thanks from Camelot and Lyzza
RNG is offline  
Old May 13th, 2018, 11:59 AM   #2
Talent on loan from god
 
Camelot's Avatar
 
Join Date: Jun 2013
Location: Ohio
Posts: 27,342
Yeah, the drug makers are victims. Totally ridiculous.
Camelot is offline  
Old May 13th, 2018, 12:37 PM   #3
Put some ice on that
 
Sabcat's Avatar
 
Join Date: Dec 2013
Location: Earth
Posts: 26,550
The patent laws are the major problem in these drug prices. That and the revolving door between b8g pharma and the FDA. Solve the patent law problem by eliminating them and solve the pricing issue.
Sabcat is offline  
Old May 15th, 2018, 08:18 PM   #4
Senior Member
 
imaginethat's Avatar
 
Join Date: Oct 2010
Location: Western Slope, Colorado
Posts: 59,729
Quote:
Originally Posted by Sabcat View Post
The patent laws are the major problem in these drug prices. That and the revolving door between b8g pharma and the FDA. Solve the patent law problem by eliminating them and solve the pricing issue.
Eliminate patents? Allow the theft of intellectual property?

You never cease to dismay.
imaginethat is offline  
Old May 15th, 2018, 08:32 PM   #5
I'm debt free
 
TNVolunteer73's Avatar
 
Join Date: Nov 2012
Location: Lebanon, TN
Posts: 35,793
Lets see how many times did Obama try to talk to Drug Companies about pricing. NEVER.

Bush, Never

Clinton Never

NUFF SAID.
TNVolunteer73 is offline  
Old May 16th, 2018, 05:01 AM   #6
Talent on loan from god
 
Camelot's Avatar
 
Join Date: Jun 2013
Location: Ohio
Posts: 27,342
Quote:
Originally Posted by TNVolunteer73 View Post
Lets see how many times did Obama try to talk to Drug Companies about pricing. NEVER.

Bush, Never

Clinton Never

NUFF SAID.
Actually, during the ACA legislation process, Obama included a fix to Bush’s Senior Prescription Drug Program that would allow the government to negotiate drug prices covered under the program. The Bush program specifically prohibited this. Then the pharmaceutical lobby went to work to kill that part of the ACA legislation.

RESULT: The U.S government subsidizes millions of seniors to purchase pharmaceuticals but are still prohibited under current law to use this large block of subsidized customers to negotiate lower group pricing. Once again, you are either ignorant or lie or both.
Thanks from RNG and Clara007
Camelot is offline  
Old May 16th, 2018, 05:18 AM   #7
I'm debt free
 
TNVolunteer73's Avatar
 
Join Date: Nov 2012
Location: Lebanon, TN
Posts: 35,793
Quote:
Originally Posted by Camelot View Post
Actually, during the ACA legislation process, Obama included a fix to Bush’s Senior Prescription Drug Program that would allow the government to negotiate drug prices covered under the program. The Bush program specifically prohibited this. Then the pharmaceutical lobby went to work to kill that part of the ACA legislation.

RESULT: The U.S government subsidizes millions of seniors to purchase pharmaceuticals but are still prohibited under current law to use this large block of subsidized customers to negotiate lower group pricing. Once again, you are either ignorant or lie or both.
Actually it failed since under Obamacare the Drug prices exploded.

Are you saying OBAMA is a failure.

First honest thing you have said in a while.


https://www.speaker.gov/general/cbo-...on-drug-prices

Predicted

https://www.cnbc.com/2015/11/24/obam...costs-aei.html

PREDICTION COMES TRUE


From the TEA Party with love WE TOLD YOU SO.

Last edited by TNVolunteer73; May 16th, 2018 at 05:22 AM.
TNVolunteer73 is offline  
Old May 16th, 2018, 07:43 AM   #8
Senior Member
 
Clara007's Avatar
 
Join Date: Dec 2015
Location: Arizona
Posts: 10,157
Quote:
Originally Posted by Sabcat View Post
The patent laws are the major problem in these drug prices. That and the revolving door between b8g pharma and the FDA. Solve the patent law problem by eliminating them and solve the pricing issue.


Big Pharma is gaming the system--patent or no patent. Drug companies are thwarting competition through a number of tactics, and the result is high prices, little to no competition, and drug quality problems.
Remember the word "generic"? It was pretty big deal when it started. Well guess what? Big P found a way around that little issue. Big P simply pays a generic company not to launch a version of a drug. The Federal Trade Commission estimates these pacts cost U.S. consumers and taxpayers $3.5 billion in higher drug costs each year.

Corporations file petitions, requesting the FDA to delay action and the FDA is required to prioritize the petitions.
The FDA recently said branded drug manufacturers submitted 92% of all citizen petitions. Many of these petitions are filed near the date of patent expiration, effectively limiting potential competition for another 150 days.

“Authorized generics” are another tactic to limit competition. These aren’t really generic products at all; they are the same product sold under a generic name by the company that sells the branded drug. Why? By law, the first generic company to market a drug gets an exclusivity period of 180 days. During this time, no other companies can market a generic product. But the company with the expiring patent is not barred from launching an “authorized generic.” CAN you spell MONOPOLY?

Big P restricts access to samples for testing. Big P BUYS legislation. Congress has HELPED pharma MAKE MONEY. Pharma is feeding the opioid epidemic.
Whenever it's called out for charging too much for drugs or outright price gouging, the pharmaceutical industry's standard defense is to assure the public that its profits will be used to develop even better drugs in the future. AND the VOTERS BUY THIS CRAP??

"OH. It costs SOOO MUCH money to invent and test the drugs." "OH. The company has SOO much invested." What bullshit. Every company has to invest in whatever they're selling. We don't hear that argument from THEM, do we??

The pharmaceutical industry is the 15th most generous industry in terms of donations so far in the 2016 presidential election. The health industry overall -- combining health professionals, hospitals, HMOs and pharmaceutical companies -- donated over $9.5 million to the 2016 presidential candidates, making it the third largest donating industry.

Patents MAY be part of the problem, but the drug quagmire is multi-faceted.

https://www.cnn.com/2016/02/11/healt...ics/index.html

https://hbr.org/2017/04/how-pharma-c...rugs-expensive
Thanks from imaginethat, Camelot and Sabcat
Clara007 is offline  
Old May 16th, 2018, 07:57 AM   #9
RNG
Senior Member
 
RNG's Avatar
 
Join Date: Apr 2013
Location: Between everywhere
Posts: 29,619
Patent laws are needed, but they must be "reasonable" patent laws. I can see the need for a company to be able to recoup the cost of development of new products. But the constant extensions given to US firms is a travesty.
Thanks from Clara007
RNG is offline  
Old May 16th, 2018, 08:02 AM   #10
Put some ice on that
 
Sabcat's Avatar
 
Join Date: Dec 2013
Location: Earth
Posts: 26,550
Quote:
Originally Posted by imaginethat View Post
Eliminate patents? Allow the theft of intellectual property?

You never cease to dismay.
I don't personally believe in intellectual property. It is a scam. But even if the laws were changed to say a year vs 20 still an epic improvement.
Thanks from Clara007
Sabcat is offline  
Reply

  Defending The Truth Political Forum > Political Forum > Current Events

Tags
drugmakers, extort, nations, trump



Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Hannity Fans Destroy Keurig Coffee Makers After Company Pulls Advertising tristanrobin Current Events 15 November 14th, 2017 06:29 PM
The Trump defends drug trafficker. GhostRider Americas 0 August 28th, 2016 10:10 PM
Texas Grand Jury Investigating PP Indicts Video Makers Instead skews13 Current Events 19 January 26th, 2016 11:43 AM
Presidential Determination -- Major Drug Transit and Drug Producing Countries for FY The White House The White House 0 September 13th, 2013 12:30 PM
The Story Behind The Twinkies Makers Demise skews13 Current Events 37 November 21st, 2012 05:57 PM


Facebook Twitter RSS Feed



Copyright © 2005-2013 Defending The Truth. All rights reserved.