BackAgain
Neutronium Member & truth speaker #StopBrandon
Maybe I was unclear earlier about this. Whether it is a “mistake” or not might be irrelevant. I wonder if a Court will permit it.
American patients first: Trump orders drugmakers to match lowest global prices
- Thread starter Edgetho
- Start date
/---/ How will the libtards attack Trump for this, or will they just ignore it as if it never happened?It's about time.
MxM News: Trump orders drugmakers to match lowest global prices
Trump orders drugmakers to match lowest global pricesmxmnews.com
On Monday, President Trump signed an executive order aimed at slashing prescription drug prices by requiring pharmaceutical companies to offer Americans the lowest prices they charge anywhere in the world.
Key Details:
The executive order instructs the Secretary of Health and Human Services to allow Americans to purchase drugs directly from manufacturers at "Most-Favored-Nation" prices, bypassing costly middlemen.
If pharmaceutical companies refuse, the order directs HHS to impose rules mandating most-favored-nation pricing and to use "other aggressive measures" to end anticompetitive practices.
iamwhatiseem
Diamond Member
He does as this only pertains to Medicare and Medicaid.
/---/You're too young to remember Gerald Ford's WIN (Whip Inflation Now) that regulated prices and wages. And didn't FDR put price controls on goods and services?
It's not price control to want Americans to have the same that others in the world have. We should not be solely responsible to pay for the R&D costs. Prices in those other countries will go up now that we are not subsidizing them and prices will go down here.
elektra
Diamond Member
I wish I saw this earlier, here in southern california they reported this as;
"Trump orders drug companies to lower prices"
Democrats dirty politics breaks the 1st Amendment
"Trump orders drug companies to lower prices"
Democrats dirty politics breaks the 1st Amendment
TNHarley
Diamond Member
- Sep 27, 2012
- 100,519
- 64,275
- 2,605
The "price gouging" is in this country. Not other countries.
dudmuck
Diamond Member
Heh... no, it's still price control. You may think you have a good reason for it. Socialists always do.
Last edited:
I remember the Ford fiasco. One of his worst blunders. Trump is just as dumb.
You still are unclear. Do support the proposed policy or not?
imawhosure
Platinum Member
- Apr 25, 2015
- 11,412
- 5,490
- 400
EDUCATION TIME, then decide your position in this matter-----------> a drug company spends BILLIONS to bring a drug to market, when averaged over the drugs it succeeds in bringing to the market. But here is the rub with that-------->Americans pay 85% of that cost to get it there; to the market, in the 1st place.
Why is that?
SIMPLE------------->Name your favorite/least favorite drug company........makes zero difference which one you choose...........at the end of today releases a drug that cures 80% of cancers! How MUCH is that drug worth my friends? Billions? Trillions? They can charge 2000.00 per dose, or more......easy, correct? Yeah, in the United States they can, most everywhere else after 3 months or so, not so much!
Why not? What is the difference?
Because China/Russia/and everyone else is going to buy a few doses, and REVERSE engineer it! The billions have already been spent on the R and D, all they have to is pull the product apart, and find out what is in it, and at what levels. And sooooo, they may sell their doses at 35 bucks, making 250% profit...........and sell it to whatever country who refuses to pay the freight.
And so, pick a country with National Healthcare funded by the government. Government is going to want to pay 2000 per dose, or 35 bucks? Hmmmmmmm, 2000, or 35, 2000 or 35, 2000 or 35. How many of you picked 2000, lol.
Now mind you, the ORIGINAL DRUG company can also sell at 35 bucks making a 250% profit between the cost to produce, and the cost for sale; BUT...............it would take decades to get back their original BILLIONS investment to bring that drug to market, possibly a century, and patents on drugs do not last that long.
THEREFORE, the 2 tier charge system. The USA has all these PROTECTIONS, so YOU are the finance arm of BIG PHARMA, and most of the rest of the world are recipients of your FORCED kindness. The other jurisdictions cut deals to exclusively use our pharma products, (probably produced in China by the way) but at much lower cost to guarantee exclusivity in that region. Meanwhile, back at the ranch, our government can NOT allow you to import the same drugs from Canada, or anywhere else.....for if they do, most all Americans would do it, and put the pharma industry back into an uncomfortable position.
SO WHAT IS THE OUTCOME OF THIS EO IF UPHELD-------------> You WILL get lower drug prices by an exponential amount. BUT, you will get far fewer, new, cutting edge drugs. The more the illness is streamlined to fewer people, the less they will be inclined to search for a cure; as without millions needing the remedy, there is no way they can recoup the R and D costs.
Neither side of this debate is wrong; there is no correct answer between the two. Either choice is bad......bad for Americans, or bad for the world. Hopefully, some middle ground can be found, but then again, how the USA would stop knock offs from being produced is beyond me. As of now, they are unable to stop even fentanyl from being produced. This is a quandary that most people didn't even know existed, so have no clue how to solve it including most of us, because the reality is much more convoluted and complex than we ever knew.
Last edited:
BackAgain
Neutronium Member & truth speaker #StopBrandon
I cannot do your thinking for you. Obviously, you can’t think at all.
Missouri_Mike
Diamond Member
- Nov 5, 2012
- 29,714
- 23,565
- 2,405
Exactly, now it’ll be stopped.
TNHarley
Diamond Member
- Sep 27, 2012
- 100,519
- 64,275
- 2,605
The fed gov doesnt have the authority to do that, though.
Its price fixing. Its what Kamala wanted to do and people freaked out.
/----/ "EDUCATION TIME, then decide your position in this matter-----------> a drug company spends BILLIONS to bring a drug to market, ...."
Education time? I've posted many times I was a pharmaceutical rep for a major drug company for 8 years.
Harry Dresden
Only Adamantium Member
why do they spend whatever they spend on advertising?....the commercials are pretty stupid....
/----/ Good questions. When I was a rep, we could see and talk to a doctor for about 5 minutes. If you ever read the package insert material in a prescription, you'd understand the extensive information on each drug. I only had three Rxs so it was a challenge to cover each effectively.
The next option is magazine advertising, but even then there was no guarantee the doctor would read it.
The pharma companies started using TV ads because it reached the patients who would then "ask the doctor if Malomars are right for me." This pushes the doc to actually read the material.
As far as the dumb ads, I agree, but each industry has its own style of advertising. I spent a decade as a copywriter and designer in NY ad agencies.
Doctors are peculiar individuals, and you have to cater to their tastes.
Banks have their own style of ads, which are dull and conservative.
Car ads are another one. Caddy Lincoln Mercedes ads are starkly different from Kia and Toyota.
Hope that ansers your question.
LOL - why are you afraid to say? You think you'll be banished from MAGA?
It's different when they do it.
Similar threads
- Locked
New Topics
-
US clears flying taxis for limited use as FAA launches nationwide pilot program- Started by Doc7505
- Replies: 0
-
Beyond the Headlines: Why Smart Money Watches SEC Form 4 Insider Trading- Started by BellaJones
- Replies: 0
-
-
-
