Trump Administration Announces Historic Action to Lower Drug Prices for Americans
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Interesting to see what drugs and programs these are targeting first (e.g., insulin and epipens). Probably best to see how industry reacts to this, what aspects of health care change before these orders are expanded to other drugs and programs.
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This is the big one. The marginal cost of drug production is relatively minimal. The real cost is the inventing and then the licensing in the US. That's billions. So, Big Pharma charges enough to recover all costs plus a profit in the US. They will sell at marginal cost production plus profit for many other countries who refuse to pay full boat. So, if Canada is paying $1 a pill and the US customer is paying $10 a pill that will now stop and the other countries are going to have to pay for R&D and licensing.
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Take action to ensure that the Medicare program and seniors pay no more for the most costly Medicare Part B drugs than any economically comparable OECD country, ending foreign countries’ free loading off the backs of American taxpayers and pharmaceutical investments. This order takes effect in 30 days unless Congress acts. -
My epipen expired in 2017 but the pharmacist said it is good if the window is clear. I have two that cost me $600 - this might be good for anyone who has allergies.
Effing bugs... -
Of course this almost no airtime in the media.
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NPR ran a story and in the first paragraph wrote that this would have minimal impact.MikeDamone said:Of course this almost no airtime in the media.
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It was labeled as largely symbolic by the Post with little short term practical impact. The WSJ was not supportive:
https://www.wsj.com/amp/articles/trumps-drug-price-panic-11595798381
The insulin and Epi-pen relief apparently only applies to federal community health centers. A small, good step. -
The WSJ is now a big government, open borders, Big Pharma supporting paper. Been that way even before Murdock's kids got a hold of it.whlinder said:It was labeled as largely symbolic by the Post with little short term practical impact. The WSJ was not supportive:
https://www.wsj.com/amp/articles/trumps-drug-price-panic-11595798381
The insulin and Epi-pen relief apparently only applies to federal community health centers. A small, good step. -
Trump could completely cure cancer and The News and the Democrats would complain about all of the people in oncology clinics who are now out of work.whlinder said:It was labeled as largely symbolic by the Post with little short term practical impact. The WSJ was not supportive:
https://www.wsj.com/amp/articles/trumps-drug-price-panic-11595798381
The insulin and Epi-pen relief apparently only applies to federal community health centers. A small, good step. -
This was a good line 3.5 years ago when I saw it on FB daily and I didn’t realize it was still a slogan...unless this is a whoosh.NorthwestFresh said:
Trump could completely cure cancer and The News and the Democrats would complain about all of the people in oncology clinics who are now out of work.whlinder said:It was labeled as largely symbolic by the Post with little short term practical impact. The WSJ was not supportive:
https://www.wsj.com/amp/articles/trumps-drug-price-panic-11595798381
The insulin and Epi-pen relief apparently only applies to federal community health centers. A small, good step. -
It’s reality now. No money in a generic that works, even though more and more doctor’s are saying HCQ and zinc works. Your Democrat party and the old GOP dumbasses like the Lincoln Project have their Big Pharma masters to please. If you don’t understand this, please don’t vote. Letting people die helps make them all rich.MelloDawg said:
This was a good line 3.5 years ago when I saw it on FB daily and I didn’t realize it was still a slogan...unless this is a whoosh.NorthwestFresh said:
Trump could completely cure cancer and The News and the Democrats would complain about all of the people in oncology clinics who are now out of work.whlinder said:It was labeled as largely symbolic by the Post with little short term practical impact. The WSJ was not supportive:
https://www.wsj.com/amp/articles/trumps-drug-price-panic-11595798381
The insulin and Epi-pen relief apparently only applies to federal community health centers. A small, good step.
