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trump buying into the big pharma bs?

dhdawg
dhdawg Member Posts: 13,326
edited February 2017 in Tug Tavern
http://m.dailykos.com/story/2017/1/31/1628064/--Negotiator-Trump-caves-to-big-pharma

Yikes. Negotiating down drug prices was one of the few good things that he said he'd support.

Of course he talks about tax breaks. Cause that's otally What They need. More profit
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Comments

  • doogie
    doogie Member Posts: 15,072
    Obama and the Demorats sure did
  • dhdawg
    dhdawg Member Posts: 13,326
    doogie said:

    Obama and the Demorats sure did

    selling out to pharma is one of the few things in Washington with bipartisan support
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 114,111 Founders Club
    Selling out period. This particular story probably needs a little more time to get some actual facts in there though
  • Fenderbender123
    Fenderbender123 Member Posts: 2,989
    edited February 2017
    I'd like to see how much the drug companies are profiting per pill. If a company makes a billion dollars profit, but sells 20 billion pills, I can't see how they can afford to significantly lower prices. In that case, tax cuts and deregulation make sense if it gives them the breathing room necessary to make those cuts.
  • 2001400ex
    2001400ex Member Posts: 29,457

    I'd like to see how much the drug companies are profiting per pill. If a company makes a billion dollars profit, but sells 20 billion pills, I can't see how they can afford to significantly lower prices. In that case, tax cuts and deregulation make sense if it gives them the breathing room necessary to make those cuts.

    The issue with drugs. They invest in hundreds of drugs but only a few hit. So they have to pay for the losers from the winners, which makes it difficult to assess profitablity like that.

    That being said, charging $35 in the ER for one aspirin is dumb. But if you buy OXY, it costs $8 after insurance for a bottle but the pills go for $50 a pill in the black market.
  • priapism
    priapism Member Posts: 2,306
    Big pharma is destroying America.

    image
  • GrundleStiltzkin
    GrundleStiltzkin Member Posts: 61,516 Standard Supporter
    priapism said:

    Big pharma is destroying America.

    image

    @priapism would know.
  • tenndawg
    tenndawg Member Posts: 1,161

    This particular story probably needs a little more time to get some actual facts in there though

    Why ? Not for our purposes

    We just wany to engage in juvenile name calling about that fake orange haired narcissistic sociopath...
  • BearsWiin
    BearsWiin Member Posts: 5,072
    2001400ex said:

    I'd like to see how much the drug companies are profiting per pill. If a company makes a billion dollars profit, but sells 20 billion pills, I can't see how they can afford to significantly lower prices. In that case, tax cuts and deregulation make sense if it gives them the breathing room necessary to make those cuts.

    The issue with drugs. They invest in hundreds of drugs but only a few hit. So they have to pay for the losers from the winners, which makes it difficult to assess profitablity like that.

    That being said, charging $35 in the ER for one aspirin is dumb. But if you buy OXY, it costs $8 after insurance for a bottle but the pills go for $50 a pill in the black market.
    I recall seeing some numbers several months back that indicate pharma companies spend significantly more on advertising than they do on R&D; the "we need to rape you on the drugs that work to pay for the drugs that don't" argument doesn't hold water.
  • dhdawg
    dhdawg Member Posts: 13,326
    edited February 2017
    BearsWiin said:

    2001400ex said:

    I'd like to see how much the drug companies are profiting per pill. If a company makes a billion dollars profit, but sells 20 billion pills, I can't see how they can afford to significantly lower prices. In that case, tax cuts and deregulation make sense if it gives them the breathing room necessary to make those cuts.

    The issue with drugs. They invest in hundreds of drugs but only a few hit. So they have to pay for the losers from the winners, which makes it difficult to assess profitablity like that.

    That being said, charging $35 in the ER for one aspirin is dumb. But if you buy OXY, it costs $8 after insurance for a bottle but the pills go for $50 a pill in the black market.
    I recall seeing some numbers several months back that indicate pharma companies spend significantly more on advertising than they do on R&D; the "we need to rape you on the drugs that work to pay for the drugs that don't" argument doesn't hold water.
    yes. they spend gobs on overhead and use it to justify their price gouging. We should either be allowed to negotiate with medicare or import from countries that do. We're allowed neither. Why? Cause the gov't is completely bought out
  • greenblood
    greenblood Member Posts: 14,560
    2001400ex said:

    I'd like to see how much the drug companies are profiting per pill. If a company makes a billion dollars profit, but sells 20 billion pills, I can't see how they can afford to significantly lower prices. In that case, tax cuts and deregulation make sense if it gives them the breathing room necessary to make those cuts.

    The issue with drugs. They invest in hundreds of drugs but only a few hit. So they have to pay for the losers from the winners, which makes it difficult to assess profitablity like that.

    That being said, charging $35 in the ER for one aspirin is dumb. But if you buy OXY, it costs $8 after insurance for a bottle but the pills go for $50 a pill in the black market.
    The bigger issue is that our country gets charged more for the same drugs as other countries.
  • TierbsHsotBoobs
    TierbsHsotBoobs Member Posts: 39,680

    People need to stop using legal drugs. Way over prescribed

    Unfortunately my dentist is trying to stop the oxy addiction plague and tells me to use advil. Fucker

    Agreed.

    I support this and all others efforts to kill off the Boomers.
  • 2001400ex
    2001400ex Member Posts: 29,457

    2001400ex said:

    I'd like to see how much the drug companies are profiting per pill. If a company makes a billion dollars profit, but sells 20 billion pills, I can't see how they can afford to significantly lower prices. In that case, tax cuts and deregulation make sense if it gives them the breathing room necessary to make those cuts.

    The issue with drugs. They invest in hundreds of drugs but only a few hit. So they have to pay for the losers from the winners, which makes it difficult to assess profitablity like that.

    That being said, charging $35 in the ER for one aspirin is dumb. But if you buy OXY, it costs $8 after insurance for a bottle but the pills go for $50 a pill in the black market.
    The bigger issue is that our country gets charged more for the same drugs as other countries.
    There's truth in that. As I noted indirectly in my OXY and aspirin example. When an insurance company is involved, they charge way more.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 114,111 Founders Club
    2001400ex said:

    2001400ex said:

    I'd like to see how much the drug companies are profiting per pill. If a company makes a billion dollars profit, but sells 20 billion pills, I can't see how they can afford to significantly lower prices. In that case, tax cuts and deregulation make sense if it gives them the breathing room necessary to make those cuts.

    The issue with drugs. They invest in hundreds of drugs but only a few hit. So they have to pay for the losers from the winners, which makes it difficult to assess profitablity like that.

    That being said, charging $35 in the ER for one aspirin is dumb. But if you buy OXY, it costs $8 after insurance for a bottle but the pills go for $50 a pill in the black market.
    The bigger issue is that our country gets charged more for the same drugs as other countries.
    There's truth in that. As I noted indirectly in my OXY and aspirin example. When an insurance company is involved, they charge way more.
    So let's make everyone have to buy insurance

    Great fucking plan
  • 2001400ex
    2001400ex Member Posts: 29,457

    2001400ex said:

    2001400ex said:

    I'd like to see how much the drug companies are profiting per pill. If a company makes a billion dollars profit, but sells 20 billion pills, I can't see how they can afford to significantly lower prices. In that case, tax cuts and deregulation make sense if it gives them the breathing room necessary to make those cuts.

    The issue with drugs. They invest in hundreds of drugs but only a few hit. So they have to pay for the losers from the winners, which makes it difficult to assess profitablity like that.

    That being said, charging $35 in the ER for one aspirin is dumb. But if you buy OXY, it costs $8 after insurance for a bottle but the pills go for $50 a pill in the black market.
    The bigger issue is that our country gets charged more for the same drugs as other countries.
    There's truth in that. As I noted indirectly in my OXY and aspirin example. When an insurance company is involved, they charge way more.
    So let's make everyone have to buy insurance

    Great fucking plan
    They charge so much because people without insurance don't pay causing everyone with insurance to pay too much. Are you really that dumb? Have you ever wondered why the cash price is half the insurance price?
  • TierbsHsotBoobs
    TierbsHsotBoobs Member Posts: 39,680

    2001400ex said:

    I'd like to see how much the drug companies are profiting per pill. If a company makes a billion dollars profit, but sells 20 billion pills, I can't see how they can afford to significantly lower prices. In that case, tax cuts and deregulation make sense if it gives them the breathing room necessary to make those cuts.

    The issue with drugs. They invest in hundreds of drugs but only a few hit. So they have to pay for the losers from the winners, which makes it difficult to assess profitablity like that.

    That being said, charging $35 in the ER for one aspirin is dumb. But if you buy OXY, it costs $8 after insurance for a bottle but the pills go for $50 a pill in the black market.
    The bigger issue is that our country gets charged more for the same drugs as other countries.
    And Bannon/Trump have decided to continue this arrangement.
  • PurpleJ
    PurpleJ Member Posts: 37,643 Founders Club
    The patent system for drugs is fucked. More generics please.

    And legalize cocaine, shrooms and weed while we're at it.
  • AlCzervik
    AlCzervik Member Posts: 1,774
    BearsWiin said:

    2001400ex said:

    I'd like to see how much the drug companies are profiting per pill. If a company makes a billion dollars profit, but sells 20 billion pills, I can't see how they can afford to significantly lower prices. In that case, tax cuts and deregulation make sense if it gives them the breathing room necessary to make those cuts.

    The issue with drugs. They invest in hundreds of drugs but only a few hit. So they have to pay for the losers from the winners, which makes it difficult to assess profitablity like that.

    That being said, charging $35 in the ER for one aspirin is dumb. But if you buy OXY, it costs $8 after insurance for a bottle but the pills go for $50 a pill in the black market.
    I recall seeing some numbers several months back that indicate pharma companies spend significantly more on advertising than they do on R&D; the "we need to rape you on the drugs that work to pay for the drugs that don't" argument doesn't hold water.
    Years ago, I worked in sales and sales management for two different pharmaceutical companies. The pay and benefits were fantastic and the amount of actual work I did was negligible. The sales forces for big pharma are gigantic and add nothing to the quality or availability of health care. But I did make a shitload of money.
  • TierbsHsotBoobs
    TierbsHsotBoobs Member Posts: 39,680
    PurpleJ said:

    The patent system for drugs is fucked. More generics please.

    And legalize cocaine, shrooms and weed while we're at it.

    Your President supports this system.

    Get in line with TRUMP or LEAVE.
  • PurpleJ
    PurpleJ Member Posts: 37,643 Founders Club

    PurpleJ said:

    The patent system for drugs is fucked. More generics please.

    And legalize cocaine, shrooms and weed while we're at it.

    Your President supports this system.

    Get in line with TRUMP or LEAVE.
    Some of us can see past simple politics. The fact that you can't tells me all I need to know.
  • TierbsHsotBoobs
    TierbsHsotBoobs Member Posts: 39,680
    PurpleJ said:

    PurpleJ said:

    The patent system for drugs is fucked. More generics please.

    And legalize cocaine, shrooms and weed while we're at it.

    Your President supports this system.

    Get in line with TRUMP or LEAVE.
    Some of us can see past simple politics. The fact that you can't tells me all I need to know.
    You sound like Hondo.
  • PurpleJ
    PurpleJ Member Posts: 37,643 Founders Club

    PurpleJ said:

    PurpleJ said:

    The patent system for drugs is fucked. More generics please.

    And legalize cocaine, shrooms and weed while we're at it.

    Your President supports this system.

    Get in line with TRUMP or LEAVE.
    Some of us can see past simple politics. The fact that you can't tells me all I need to know.
    You sound like Hondo.
    Not really.

    What happened to you?
  • TierbsHsotBoobs
    TierbsHsotBoobs Member Posts: 39,680
    PurpleJ said:

    PurpleJ said:

    PurpleJ said:

    The patent system for drugs is fucked. More generics please.

    And legalize cocaine, shrooms and weed while we're at it.

    Your President supports this system.

    Get in line with TRUMP or LEAVE.
    Some of us can see past simple politics. The fact that you can't tells me all I need to know.
    You sound like Hondo.
    Not really.

    What happened to you?
    See?

    That's how Hondo would respond.
  • ThomasFremont
    ThomasFremont Member Posts: 13,325

    People need to stop using legal drugs. Way over prescribed

    Unfortunately my dentist is trying to stop the oxy addiction plague and tells me to use advil. Fucker

    Sounds like your dentist is doing you a favor.

    #FreshBowl
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 114,111 Founders Club

    PurpleJ said:

    PurpleJ said:

    The patent system for drugs is fucked. More generics please.

    And legalize cocaine, shrooms and weed while we're at it.

    Your President supports this system.

    Get in line with TRUMP or LEAVE.
    Some of us can see past simple politics. The fact that you can't tells me all I need to know.
    You sound like Hondo.
    Most ironic post ever
  • doogie
    doogie Member Posts: 15,072

    Selling out period. This particular story probably needs a little more time to get some actual facts in there though

    You were smart to wait, Race. Here is what was actually covered in the meeting with Big pharma, Trumps 6 points on healthcare.

    First, the prices of existing medical drugs are too high.

    Second, other countries have been freeloading on Uncle Sam.

    Third, the best way to reduce prices is to expand supply.

    Fourth, the best way to to expand supply is to cut taxes and deregulate.

    Fifth, more drug production ought to occur inside the United States.

    Sixth, the single best way to improve health is by developing new medical cures.

    source: President Trump
  • TierbsHsotBoobs
    TierbsHsotBoobs Member Posts: 39,680
    doogie said:

    Selling out period. This particular story probably needs a little more time to get some actual facts in there though

    You were smart to wait, Race. Here is what was actually covered in the meeting with Big pharma, Trumps 6 points on healthcare.

    First, the prices of existing medical drugs are too high.

    Second, other countries have been freeloading on Uncle Sam.

    Third, the best way to reduce prices is to expand supply.

    Fourth, the best way to to expand supply is to cut taxes and deregulate.

    Fifth, more drug production ought to occur inside the United States.

    Sixth, the single best way to improve health is by developing new medical cures.

    source: President Trump
    TL, DR:

    Trump isn't doing shit to reduce drug prices in America.
  • oregonblitzkrieg
    oregonblitzkrieg Member Posts: 15,288
    edited February 2017
    Shrooms, green dragon and wine go well together. Acid is the shit though. Too bad it's so hard to find.