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Vote For Trump, Go Broke, Or Die
The Market-Ticker ^ | March 3, 2016 | Karl Denninger

Posted on 03/03/2016 4:24:04 AM PST by SatinDoll

I know, the headline sounds dramatic.

It's true.

Trump has just released his health care reform proposal. He is the only candidate that has put forward a plan that will force down the cost of medical care by as much as 80%, rendering Obamacare unnecessary along with Medicare.

Require price transparency from all healthcare providers, especially doctors and healthcare organizations like clinics and hospitals. Individuals should be able to shop to find the best prices for procedures, exams or any other medical-related procedure.

....

Remove barriers to entry into free markets for drug providers that offer safe, reliable and cheaper products. Congress will need the courage to step away from the special interests and do what is right for America. Though the pharmaceutical industry is in the private sector, drug companies provide a public service. Allowing consumers access to imported, safe and dependable drugs from overseas will bring more options to consumers.

These two points, will cause competition to drive down the cost of medical procedures, and if enforced using already-existing law (15 USC) it will happen.

No new laws need to be passed; the existing body of law is sufficient which means Trump as President can do this immediately, since The Executive is charged with enforcing the law.

It is illegal under 15 USC to take any action when market power exist to conspire to fix prices, restrain trade or harm competition. Violators are subject to ruinous fines and imprisonment, making the age-old "cost of doing business" game by companies a non-factor.

Trump is the only candidate out of both parties promising to do this. If he does the federal deficit disappears instantaneously and permanently. Your cost of living falls. Your purchasing power increases every single year. At the same time your cost of medical care will fall precipitously, by as much as 80%.

I've pointed this out repeatedly over the years in these pages.

If you do not support Trump and do everything in your power to not only make sure he is elected but that he keeps his promise then you will wind up broke, dead or both.

It's that simple, and that important.

This is now a single-issue election, and there is only one candidate with the correct view on the issue.

Donald Trump.


TOPICS: Business/Economy; Government; Politics
KEYWORDS: 15usc; djtrump; medicare; obamacare; pharmaceuticals; trump
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To: zek157
Why can a dose of scorpion anti-venom cost $100 a vial in Mexico and $10,000 in Merica? Same with a 90 day course of Hep-C drugs that are $90,000 here and $1000 in India. exact same items mind you. The difference is the Government allows and promotes price fixing here.

Nonsense - the difference is the U.S. government issues patents for new drugs, and doesn't block drug companies from pricing patented drugs so as to recover not just per-unit production costs, but also the costs of developing those drugs and the drugs that never made it to market. If drug companies can no longer do this, there will never be another new drug developed.

41 posted on 03/03/2016 3:31:03 PM PST by ConservingFreedom (Trump fans:'he's no more conservative than Mitt'-www.freerepublic.com/focus/f-bloggers/3389209/posts)
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To: ConservingFreedom

Look up the cost of sofosburiv in America And India. It’s so trivially easy to verify that it is embarrassing. Check out the AZ woman charged $80k for 2 doses of $100 scorpion anti venom.

Patented drugs are 50-60% higher here than in France And double the cost of UK and Australia.

Nonsense.


42 posted on 03/03/2016 5:04:54 PM PST by zek157
[ Post Reply | Private Reply | To 41 | View Replies]

To: zek157
Why can a dose of scorpion anti-venom cost $100 a vial in Mexico and $10,000 in Merica? Same with a 90 day course of Hep-C drugs that are $90,000 here and $1000 in India. exact same items mind you. The difference is the Government allows and promotes price fixing here.

Nonsense - the difference is the U.S. government issues patents for new drugs, and doesn't block drug companies from pricing patented drugs so as to recover not just per-unit production costs, but also the costs of developing those drugs and the drugs that never made it to market. If drug companies can no longer do this, there will never be another new drug developed.

Look up the cost [...]

More cost differentials don't address the point: drug companies need to recover the costs of research, both successful and unsuccessful, from somewhere - and when other nations' price controls and/or poverty prevent them from doing it there, they do it here instead.

'Buy the drugs back from those countries' is a simpleminded nonsolution. Drug companies' first response will be to limit sales to those countries; if they're somehow prevented from doing that (which doesn't seem practically doable and is certainly unconstitutional) then we're right back to no new drugs being developed.

43 posted on 03/04/2016 8:20:21 AM PST by ConservingFreedom (Trump fans:'he's no more conservative than Mitt'-www.freerepublic.com/focus/f-bloggers/3389209/posts)
[ Post Reply | Private Reply | To 42 | View Replies]


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