Ask a Democrat for a plan on anything and the answer is always “More Government!” Witness
(USA Today) Hillary Clinton on Tuesday will roll out a plan to rein in prescription drug costs by forcing pharmaceutical companies to reinvest their profits into research and allowing for more generic and imported drugs.
This seems based due to
Price gouging like this in the specialty drug market is outrageous. Tomorrow I'll lay out a plan to take it on. -H https://t.co/9Z0Aw7aI6h
— Hillary Clinton (@HillaryClinton) September 21, 2015
Greedy, or just a company that refuses to lose money anymore?
Regardless, there are lots of reasons why drugs in the U.S. cost so much. For one thing, it can cost a lot of money, in the billions sometimes, to develop a drug, do all the research and testing, get it through clinical trials and the FDA, then get it to market. Oh, and Government intervention also increases costs. Sure, some companies are “greedy”, but most are reasonable.
The last thing we need is more government intervention, especially as pushed by a greedy presidential candidate who makes hundreds of thousands on short speaking engagements, along with all the other money raked in through her “foundation”. Big Pharma certainly reinvests a portion into more R&D. The other portion goes to things like paying people, including shareholders. They probably reinvest more than the Clinton Foundation does.
One part of her bullet point plan doesn’t seem Big Governmenty, though it is
Allow Americans to import drugs from abroad. Countries in Europe with similar safety standards often pay half of what American pay for the same drugs, according to the campaign.
There are reasons why many of those drugs cost less: refer to link above in “Government intervention”. Democrats have voted against this notion many, many times. Then we get
Encourage the production of generic drugs including lowering the amount of time companies can exclusively produce new treatments.
In other words, Government would pull the patents quicker after companies have spent billions for their work. This is exactly the wrong way to do it, since many pharmaceutical companies try to recoup their costs quicker due to an already short period of patent time.
Oh, and Bored Grandma will announce plans on dealing with out-of-pocket expenses Wednesday. Who wants to bet they revolve around More Big Government?
Crossed at Right Wing News.
We in the USA pay the most for healthcare that is too often for too many too low quality
When pills cost 1000s of doars each YOU are paying for them
I think all Americans deserve to have quality healthcare
john,
Who do you know that is getting below standard care? How did you determine below standard care? Why do you support a party and desire health care that is going to deliver below standard care? Are you aware that the liberals promote drug policy that insures high drug cost? Do you have any idea of how your medical bill is generated and who controls the cost? No, you have no idea of a thing. Get an education dumbass.
Why US healthcare is so expensive compared to other nations is complicated. We pay more for drugs, we pay our healthcare professionals more, and we have more profit for investors, but all those things don’t add up to the differential between our for-profit system and the universal healthcare systems around the world. Since there’s no “free market” concept in healthcare, it’s probably because everyone in the system can gouge just a bit more out of it.
Americans as a whole pay about twice as much per capita as most other advanced nations – with poorer outcomes overall. If we fix healthcare, we fix most long term debt problems.
What did Turing Pharmaceuticals and CEO Shkreli invent? A way to make money! They purchased the rights to a drug and raised the price from $13.50/dose to $750/dose overnight. Why? Because they can. This is how fuck-you capitalism works. If you don’t want to die, you’ll pay (or find someone to pay) the $50,000 to keep you alive!
Shkreli is likely positioning the drug for new indications where he wants the price to be much higher than $13.50. For example, the drug has also been found to reduce the expression of SOD1, a key protein involved in amyotrophic lateral sclerosis (ALS; Lou Gehrig’s Disease), which is a more appealing (and lucrative) market. You can’t sell the exact same drug to two different patient groups for such a huge differential.
Here’s further “inside baseball” talk about pharma workings. It ain’t pretty.
https://www.techdirt.com/articles/20150919/20520132300/company-acquires-rights-to-drug-used-aidscancer-patients-immediately-raises-per-pill-price-under-14-to-750.shtml
Looking at Turing Pharma, they probably employ more lawyers and MBAs than scientists. They buy the marketing rights of certain older drugs, raise the price and collect, until generic companies undercut them.
The one and only reason that US medical care is more expensive is because our government is in it. Get the government out and it will fall by at least 60%.
David is one of those patriots that hates our government.
And is willing to say stupid thngs to show it. Where did that factoid come from Rush?
dave,
Governments in Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Great Britain, Greece, Iceland, Israel, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Scotland, Spain, South Korea, Sweden, … well you get the idea… are MORE involved in their healthcare systems than the US government is in ours. It’s pretty obvious that government involvement can’t be the primary cause.
Jeff, John,
Neither of you have any idea of what makes the world work or any life experience at all. Except John, he was aparently a REMF that smoked dope all during Vietnam. I know what the expenses are because I set prices in my area and know the causation. Also, I know that the government came in force in the 80’s and bumped the cost of health care out of the roof. And yes, I can’t stand the government and want it reduced to a single building in Washington with very little power.
Now, Jeff, your comment is the same of stupid litney of countries that are all so happy with socialized care. Except they aren’t and they cost a ton. And the only ones that are doing well are doing so because of money in the bank from fossel fuels. You have no idea of what goes on in those medical systems and if you did, you would pray it did not get here. I imagine your climate god would respond.
dave,
You claimed that the reason the US spends almost double per capita what other advanced nations spend is government involvement. I pointed out that your statement is demonstrably false and illogical.
My experience is that physicians are poorly trained as scientists and do not evaluate evidence well.
jeff,
The more you comment, the more you are showing that you are an adolescent. Grow up.
dave,
Thanks for the advice.