Remember when we were told NOT to order meds online -- even from Canada -- or else we were all going to die from substandard pharmaceuticals?
cut the time between the created drug and the generic.
Obamacare will fix these problems. </sarc.>
Note to self - don’t get sick and if I do get sick don’t do it after 3 pm on a Friday.
I was thinking the same thing as I read this.. also came to my mind most drugs are not even produced here anymore.. they are made in China .. China could just cut off the supply if they wished..
If this is what’s happening before ObamaCare, I dread what’ll happen after it takes effect.
So FedGov messes with the FDA regs to delay new meds and cut the supply of others.
Be prepared for FedGov to step in with EMERGENCY LAWS that must be passed without review, to fix the Crisis (that they created).
Think of all the different “shortages†that have been reported lately. The politicians with their incompetent demagoguery, taxes, laws and regulations are killing our economy. You can be sure the politician and his immediate family and friends will have any and all necessary medicines. Perhaps when enough people watch their loved one’s die for lack of medicine while they see fat degenerate pols living like kings they will take the “pols” naked to the wall.
LLS
This is the main paragraph. What happens is that generics are cheaper -- and since they are cheaper, and carry such a narrow profit margin, companies are not going to jump to make them.
Meanwhile, cash-strapped hospitals are not going to maintain inventories of critical meds, instead depending on "just in time" deliveries. And distributors are not going to maintain inventories, due to how IRS taxes inventory as assets at the end of the fiscal year. So any interruption of the distribution chain means that people will die.
All brought to you by Obamacare, one way or another.
Something tells me that ultimately this pertains to a combination of overregulation, insane tort laws and ambulance-chasing lawyers. If it doesn’t pay to produce it, nobody is going to produce it.
We are on the slippery socialistic slope to third world mediocrity. Thanks, libs, thanks, progressives, thanks Marxists, thanks ignorant lazy voters!
From the article: "Some experts pointedly note that pricier brand-name drugs seldom are in short supply. The Food and Drug Administration agrees that the overarching problem is that fewer and fewer manufacturers produce these older, cheaper generic drugs,"
Big Pharma’s revenge: You WILL use our overpriced drugs or YOU WILL die!
To make my prejudices worse, I heard of a government-paid-for program where people are urged to turn in their unused drugs. They reported there were 8 TONS of drugs turned in in one year. This is an outrage. Taxpayers probably paid for many of these drugs and now they can pay to dispose of them.
I have little doubt that the majority of the drugs involved are less profitable to make because the government is the actual purchaser on behalf of somebody else who hasn't the ability to pay. The government's effort to contain costs is probably the actual cause of the shortages.
Well the government said so and the Pharmaceutical companies fund the politicos - so you are just being un-American if you don't believe them. Shame on you.
"They" never said that you would die from substandard pharmaceuticals. "They" did say, however, that buying meds on line, especially from Canada, dramatically increased the risk of obtaining counterfeit or adulterated drugs.
That hasn't changed. Actually, it's only gotten worse. The WHO estimates that 10% of all drugs world wide are counterfeit. Organized crime is making a fortune selling these drugs to unwitting consumers. The FDA did a study back in 2005 that showed 85% of all internet drugs purporting to be from Canada actually came from one of 25 other countries like China, India, Costa Rica etc. Yeah, those are the countries I want my pharmaceuticals coming from.
Besides these obvious concerns, and as a conservative, do you really want access to cheaper drugs due to foreign imposed price controls? Socialism, or something worse, is ok as long as it results in you getting your drugs for less money? Countries practicing price controls don't develop new drugs. That is a fact. Does removing the profit motive spur innovation in your world? Do you think future generations should forgo innovation so you can have access to artificial prices forced upon industry by government? Over the past 15 years, nine out of 10 of all new drugs have been discovered here in the US. Why do you think that is?
Big pharmaceutica will have to adjust its revenues to the economy of a country with no large manufacturing base and a government headed toward default. ...about the 1800s should do it. Have fun. Enjoy the slide.
Heh...remember PharmaKom in “Johnny Mnemonic?”