for every ten drugs developed, only one makes it to market that ONE has to pay for the all the R&D development of the other nine that never made it...
it's not all profit
Posted on 10/31/2011 7:52:30 AM PDT by Beaten Valve
Using the legal force of an executive order, President Obama is taking action on the health care front as part of his pressure on Congress for action on his jobs plan.
White House officials say at a midday signing ceremony in the Oval Office, the president will address price gouging and the availability of prescription drugs. He will also endorse what he describes as bipartisan legislation awaiting action.
“The shortage of prescription drugs drives up costs, leaves consumers vulnerable to price gouging and threatens our health and safety,” an administration official says.
(Excerpt) Read more at abcnews.go.com ...
So, will he outlaw purchasing drugs from Canada? I fear that’s coming.
Why would he need to sign an XO? I thought obamacare took care of all this.
Didn’t the Clinton admin. drive out drug companies from the US? There’s only like two left. My understanding was there were 19 major drug companies at the start of the Clinton’s reign and only two are left.
Somewhere I read that there’s a limitation to XO’s, what can or cannot be done with them. I think that Obamalamadingdong has got the dictator mentality.
Price gouging? It cost upward of 300 million to develop any new drug, and those are the old numbers..It could be double that today. And in this free market the drug company is not going to be able to charge what the market will bear?
sad times... and it IS too bad that many people can’t afford some of the more expensive non-covered drugs... it’s too bad..I’m one of them, but I’m not changing my viewpoint for convenience sake.
I wonder how much of the cost of development is directly linked to gov. regulations.
I don’t know how many drug manufacturers there are left in the US but law suits will drive them out.
Anyway....here’s one thing people need to understand, and this is only one example.
Claritin: 10 mg
Consumer Price (100 tablets): $215.17
Cost of general active ingredients: $0.71
Percent markup: 30,306%
“Stroke of the pen, law of the land. Kinda cool!”
more campaign fodder to use against obozo- the clown who sold out to big pharma to push through his garbage health care legislation...
the pu$$y GOP better jump all over him with this- i’m not holding my breathe...
Nixon tried this. It was eventually ruled illegal. 1970s wage and price freeze...
What does drug price gouging have to do with job creation?
I remember reading somewhere, a couple of years ago, how drug "manufacturing" plants pop up almost overnight in China. How are Chinese drug manufacturers standards held accountable?
Cost of research, development, testing and advertising: a billion dollars or more.
Executive Orders are, simply, the Executive's directives to implement policy using the authority the Executive branch has already been granted by Congress. They cannot be used to implement new policy above and beyond the bounds of the authority granted.
That's not to say that President's haven't tried to push those boundaries, but it's rare to have an EO overturned in court (only happened twice, most recently in 1995) for overstepping the Executive's authority.
It is hard to be objective when you’re up to your ass in idiots.
Don't forget ongoing post-marketing studies to ensure that there are no unforeseen safety issues.
Why do we need congress if a President can make law by signing an executive order?
Why do we need courts if a President can decide which laws to enforce and which laws to ignore?
Why do we need elections if we already have a man in office that knows what is best for our nation and if you disagree with him you are wrong (and should be demonized)?
I am always amazed at how the left accept behavior from one of their own that would get a Republican impeached.
There are times I really think Obama is hoping to get impeached. I am thinking he believes it is his ticket to re-election.
I am at the point that I blame the entire congress for what is going on. Both Democrats and Republicans are silent as our form of government is being changed daily.
for every ten drugs developed, only one makes it to market that ONE has to pay for the all the R&D development of the other nine that never made it...
it's not all profit
They’re not. Drugs coming into Canada from India were found to contain nothing but baking soda. Looked like the real thing. So be careful when buying drugs from Canada. On case of an injectable cancer drug coming from China killed an American lady.
Of course, the FDA will look the other way if a particular pharmaceutical company makes some donations to Obama 2012 and the DNC.
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