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 ...
I think maybe you mean the can't legally force you as if the law or Constitution means anything to them.
Yes, I have and as I recall it was $30/tablet. The question is: Why? Part of the reason is because hospitals are expected to treat everyone, even if they don't have funds to pay for it. It's another tax on productive people who can pay or have insurance policies that do pay. Also, people don't "shop around" for healthcare. How many of you who have had surgeries looked for the cheapest doctor and hospital?
In the US, you have legions of lobbyists hitting up Congress for their special provisions to be added to law.
True, but why? It's because the American people allow it to happen. Those same people also make bribes to FDA and CDC officials and we do nothing. Congress has passed laws that excludes them from insider training laws, yet we do nothing about it.
...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...
That depends on the drug. Some drugs don't get any gov't support (e.g., Viagra) while others (cancer research) is subsidized by both private charities and public funds. Such public support is most often given when the result affects a large portion of the population in a major way.
Drug research is not cheap and the cost is enormous. "Only 5 in 5,000 drugs that enter preclinical testing progress to human testing. One of these 5 drugs that are tested in people is approved." It is naive to assume that funds derived from the sale of a drug is an "ill-gotten gains" through politicians. The vast majority of the funds received are to cover the costs associated with the 4999 drugs that didn't make it to market.
If you're unhappy that big pharma lobbied anyone who would listen about banning Ivermectim and instead pushed CV-19 vaccines, bitch at the both parties: the pharma companies, but also the ones who took the bribes.
No problem. It was really just sort of a tangential question.
You are not going to have effective price controls unless you have wage control.
Let that term sink in: wage and price controls.
Government wage and price controls.
If you limit price increases to a certain amount they will surely raise at every opportunity. I remember because I was in auto parts when Nixon imposed price controls most prices were pretty stable and price changes were an occasional thing, after price controls we changed price sheets every time it was legal for the suppler to raise them.
Poster means by fiat.
They won’t sell at that price by omission: they won’t produce the item. Period.
I remember when Bubble Gum was rationed, on occasions it was available you could buy one for you and one for a friend.
All true, and brings to mind something I read long ago (paraphrasing)...
When people figure out they can get more free stuff by voting for certain people, that is the beginning of end for a democratic republic.
Price controls work for a short time. Then the system stalls.
There are a bunch of solutions. But they would require Congress actually legislatate, rather than campaign.
There should be programs to make American less obese. Starting at a young age. This will help more than price controls.
You mean like the government controlling the prices? What could go wrong?
You want prices to go down, then let patents and copyrights expire as the Constitution demands. Companies have to develop new stuff to stay alive, if they don't have exclusive rights in perpetuity, like Micky Mouse has.
Actually, it works the other way around. If the FDA approves the drug for US distribution and sales, many foreign markets take the that’s-good-enough-for-us attitude and permit sales in their markets without whatever screening process is in place in that country. In Canada, because of their healthcare system, drug companies are forced to negotiate with the gov’t which sets the price. The drug companies can either accept that price or kiss off selling in that market. If the marginal cost per pill is low, what would you do: Slam the door on the market, or take what you can and use it to fund R&D on other drugs?
There should be only one restriction. A drug’s price should be its price to everyone for one year. No exporting or insurance company deal making at some other price. After a year the price can change. The new price will be good for a year, and so on.
We have the most expensive drugs in the world. Many of the new drugs do not work as well as cheaper ones.
We also are one of the only first world nations that allow drugs to be advertised.
The incentive motives are out of whack
Example, I was recently prescribed Junuvia, when I went down to get the medication filled at the pharmacy my Drug Plan Deductible was $400, plus the whatever the co-pay price was. It’s about $500 without insurance.
So instead of doing that and I got in touch with a guy I deal with in India and got a 6 month supply for $224. N o problems getting it and exactly the same medication, 80% of the medication used in this country are made in India and China. Had it within a week. I got all of my Covid medications there also.
it’s easy to do just think ahead some. GO TO India Mart.Com
Another example Eliquis is a $600 medication here without insurance, in India you can get it for $15.50 a box, 30 day supply.
The vaccines did not cost much to make either, say a $1. rest was pure profit.
Little more complicated than that.
Why do you think 80% of all drug manufacturing is now in India and China?
That is why more new manufacturing capacity is being built in India and Africa
Then buy in India
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.