Posted on 04/17/2022 7:23:09 AM PDT by DIRTYSECRET
April 14, 2022: A majority of voters favor price controls on prescription drugs. A Scott Rasmussen national survey found that 43% of voters strongly favor price controls on prescription drugs, and 29% somewhat favor them. Ten percent (10%) somewhat oppose price controls on prescription drugs, and 6% strongly opp
(Excerpt) Read more at newsmax.com ...
Does anyone ever send regular letter-type mail through UPS or FedEx?
They were developed primarily for real “packages”, no?
History. Learn it. It saves you a lot of time.
basic math: 43% in favor means 57% not in favor
The biggest problem is overregulation. It now takes about $1 billion to get a new drug approved.
A new manufacturing facility for an existing drug is ten of millions in approvals and inspections.
This is a symptom of a general level of cowardice in our society. In the 1950s we would gladly take the Salk polio vaccine with few tests or verifications. Now we require everything to go through a hundred tests before it is used.
The voters are not very smart. A bigger problem is collusion with the government to concoct a huge crisis whose purpose is to force the public to get a jab which the taxpayers are made to pay for.
There is no doubt that greed is ever present in Big Pharma. And be sure of one more thing. With price controls, drugs will be cheap. But there will be no more new drugs.
“Confirms what I thought: 43% of the people don’t understand economics.”
I’m a free-market guy. However, pricing should have some relation to the availability of a drug, it’s patent status, and competitor treatments, among other things. These are not always part of the “free market price”.
Also, for the “free market” to operate, there should be no “third party payer” - the decision should be the individuals and reflect their own prioritization of their need versus their available capital.
There also should be a minimum of regulatory constraints in a free market.
here’s a simple example:
Have you ever paid for an Aspirin given to you in the hospital?
How much do you think it should cost?
No, I think you might need to brush up on your economics.
We have something in this country but its not a “free market” in medicine, nor pharmaceuticals. In the US, you have legions of lobbyists hitting up Congress for their special provisions to be added to law. This is the farthest thing from a “free market” for pharmaceuticals.
Also, there are literally piles of government money that go into the development of pharmaceuticals that end up being privately patented and given a price that does not reflect the peoples investment in the development of particular drugs - even when purchased by government programs, such as Medicare.
No, we do not have a free market in pharmaceuticals. We have a fraud that recycles ill-gotten gains through politicians, their cronies. Its an absurdity and it should stop before people like you prattle on about the “free market” when you have no idea what you are talking about.
The “price controls” option is not the answer. The Free Market, of which you do not seem to understand in this market space is the answer. But you need to enable the free market so that it can operate and provide needed medications to people at the most efficient (and likely much lower) cost that available today
No, not the daily type mail. USPS, UPS, and FedEx do all compete with overnight and package deliveries. USPS does require regular bailouts which is totally unfair to competition with UPS and FedEx though. I don’t like that system, but I will say it is better than if say there was no USPS, prices went up, and the Gov’t solution was to set price controls on UPS and FedEx. That was the analogy I was trying to make.
While I’m not for price controls, something should be done for drug prices. Me: $648 for 30 pills!! Thank goodness for insurance. But insurance rates would be lower if they didn’t have to pay those kind of cost either.
Remember “The Sand Pebbles”? Steve McQueen? Great flick. The British diplomat and American missionary were arguing over China policy. They turned to Holman(McQueen) and his response;”I’m just an engine room man.” Circumstances got them all caught up-unavoidable. Same w/Dr. Zhivago. A wannabe poet getting caught up in the revolution-no choice.
What am I getting at? Think National Enquire leaking McQueen’s Mexico cancer treatments unavailable here. 1070’s.
Not so ambiguous analogy.
Biden will unveil his drug price control plan soon. When the regime embargoes Chinese pharmaceuticals the price will go to zero for most life saving drugs. Zero, as in zero availability equals zero cost.
Cost to these folks?....around $600 A MONTH for 60 pills....minus any comparatively-piddly sums their insurance companies pay.
Manufactured by big pharma companies Bristol-Meyers, Squibb and Pfizer ONLY, there is no generic equivalent available ( on purpose ? ) so these companies have NO competition. Therefore, they have a corner on the market and price how they please.
In today's economy, the cost for prescription drugs such as Eliquis and other prescription medications that zillions of our citizens must purchase every month is DESTROYING them financially.....and this, I believe, is indicative of what I consider to be just another part of the Left's crusade to destroy the middle class in this country.
What eventually will be left will be an elite rich ruling class....and the poor ( who will get free medications from a permanently-entrenched marxist government ! )
Leni
People tend to forget that Nixon’s wage and price controls were initially very popular with the sheeple until the shortages hit.
The comprehension of economic principles is sadly lacking - possibly purposefully.
I worked with a high school economics teacher who could not explain how money came into existence!
The reason other countries have cheaper drugs is because Americans, in a variety of ways, are paying their freight.
Want drug prices to come down?
Pass a law prohibiting Big Pharma from selling to countries that have price controls.
“How about just requiring pharmaceutical companies charge American consumers the same prices they offer their products for overseas?”
When a US drug company sells drugs out of country they are not required to commit to the AMA and FDA restrictions. What the low prices don’t indicate is the drugs are not filled with as much of the healing product as is used in the US. So your going to Canada or Mexico to get that cheaper price just means if you pay half price, you get half as much drug. It is sold consistent with the content, not the name. I used to buy drugs in Mexico and when I discovered that, the trip may have been fun, but the cost tacked on to the retrieval made it actually more expensive than just buying local at a higher price. It all balances out. Oh...sinus medication, not recreational drugs. And in Mexico you can buy in bulk and have what you need instead of what the overseeing agencies tell you what you can have. But they are still expensive.
wy69
All I know is I had heard Insulin was set to drop about 50% upon the effectivity of this EO.
I don’t know whether that meant the insulin which was to be discounted here was only 50% as effective as the previous more expensive stuff, I don’t even know if its possible to make less potent insulin, but I have no experience in this regard.
The problem is, we know many meds can be bought over seas or in Canada for a fraction of what the US consumer pays for it. We know we’re being screwed over on prices and we have no control over it.
43% ? Easy to belive; half the country is below average intelligence.
Only if you bought the veterinary version, I paid 300.00 for 60 pills from pharmacy.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.