It does cost a lot, but America should not be the only country that makes it a profit.
yes
and the socialist healthcare refuse to pay
we fund the research
Trump is making them pay
“Peter Schiff defends Pharma: “It costs a lot of money to bring a prescription drug to market””
and it costs WAY more for the tens of billions spent on TV ads and bribes to Congress ...
Granted, but when do we know they have recouped their research and approval costs and start making a real profit? Accountants are wizzes at hiding stuff in spreadsheets...............
Except the first paragraph, because realizing grocery prices and big pharma prices are no where near the same thing .. completely different ,, the whole premise of this idea is based on a complete false thought .
the real reason...
if other countries were charged the US prices.
these countries would retaliate by not honoring the patent.
and just make the stuff themselves
I hate all pharmaceutical drugs. They should NOT be allowed to advertise on TV.
My MD is from Nigeria, best doc I ever had. Went to med school there, where they are NOT funded by pharmaceutical companies. He didn’t think I needed a covid vax or any other. I take one prescription drug. Never sick. Had a cold about eight years ago, lasted five days. Nothing since.
My MD gave me an “Extended prescription list” that lists all of the vitamins and. minerals he wants me to take. More interested in keeping me healthy than curing anything I might get, It works. He says I’m the healthiest person my age he’s ever seen. Will be 89 in June.
Weigh 116, try to exercise 30 minutes a day. Eat organic veggies, pasture-raised eggs, no wheat, beef or pork. Free range- chicken, Alaskan wild-caught salmon, organic tofu for dinner, rotate them every night. Safeway has best imaginable deal on Alaskan salmon. Walmart has a different brand, far more expensive.
Yes, let the Rats defend Big Pharma’s pricing. That will win them lots of votes, NOT!
There is no excuse for Americans paying more than others. All Trump wants is to make sure that Americans are paying no more than anyone else.
That isn’t much to ask.
You’d think the left would be happy that Trump is trying to make others “Pay their fair share”.
/s
sure..... in favor of soaking the U.S. for all the developement cost....
and making nothing but profit from other countries...
That's why snow birds go across the border into mexico to get their meds filled.
maybe $500 cash price for a med in the U.S., would be possibly as low as $50 in mexico...
older article... first I found because a search comes up with so many ads
https://www.npr.org/sections/health-shots/2019/02/11/691467587/americans-seek-cheaper-meds-in-mexico
Research for many drugs are paid for by the federal government. In many instances, the rights for successful drugs are pretty much given to Big Pharma companies.
There is also the practice of “Evergreening”. That’s when Big Pharma that is about to have a patent expire and they make a very minor insignificant change to the drug and then are awarded a new patent.
Plus there’s all those legal bills and payouts when the class action lawsuits come five years after the drug goes on the market.
It does, and the present patent system creates an incentive for drug companies to rush to market as fast as possible and charge as much as they can, because they only have 20 years from the date the patent issues to earn back all the R&D cost before the drug can be copied by anyone. Yet no one ever talks about extending the patent life for pharmaceuticals which would remove this incentive.
“He makes a few good points I feel...”
The only point he has is the one on the top of his head.
There is no valid market reason why the US should pay more than other places, it’s the result of cartel action.
I’m not comfortable with this action. It stinks like Nixon’s price controls. It takes a lot of money to bring a drug to market in America. It would make more sense to let drugs which have a history of working overseas be made and sold here.
When you spend $30 Billion each year on advertising, and $300 Million on lobbying, prices are gonna be high. The US government spends $150 Billion on pharmaceutical research annually, with no return on investment, then buys the drugs from pharmaceutical companies at near the highest price on earth. The federal government buys $450 Billion dollars of prescription drugs annually! We have a bigger “deficit” with big pharma than we do with China.
I have to disagree with my libertarian friends on this one. Pharma has basically become socialist Obamacare for globalism with the US paying the burden. Many of our elderly are having to decide between medicine and and food.
Personally, I’ve never fallen for most of this garbage and look for alternative natural solutions. That’s not saying medicine isn’t appropriate in certain situations but most people don’t need what they’re selling.
At the end of the day, it all boils down to vulture capitalism where one takes advantage of others to make a profit and stay in business. I agree with Trump on this one.
The bigger problem is that these companies charge far less for their products in wealthy countries that are perfectly capable of paying the same price as U.S. consumers but refuse to do so because they have government-run health care systems that control everything from top to bottom.