Posted on 09/15/2020 9:16:10 AM PDT by Roman_War_Criminal
AstraZeneca, which the Trump administration has celebrated for its vaccine work, boosted prices despite renewed promises by President Trump this summer to keep drug costs in check.
The multinational pharmaceutical firm raised prices in a way that stood out even among other big drug companies. It announced not just one set of price hikes in 2020 but two, often on the same drugs, according to an analysis of drug pricing data by The Times and 46brooklyn Research, a nonprofit that studies the pharmaceutical industry.
AstraZeneca hiked prices on some of its biggest selling medicines by as much as 6% this year at a time when the overall inflation rate is hovering around 1%, the analysis shows. The administration has said
(Excerpt) Read more at msn.com ...
The vaccine industry is completely self concerned and only profit driven doesn’t care how many people they kill or harm only care about profits
They know that we’re on to them and their schemes and that’s why they’re getting Democrat politicians to try to force you to take their “shots”
This coronavirus is only the latest in a long list of their schemes does anybody remember the measles “crisis” last year?
They told my kid that he couldn’t go to school unless he had the measles shot and we basically said screw you and he went anyway
Hello this is America free country if you want to go and get 100 different shots for 100 different things and think that’s gonna help you and fin gets no rest to you whatsoever go for it
But for those of us that are completely aware of the incredible harm that the vaccine industry has done to people all around the world for about 50 years now our point of you needs to be strongly heard and there needs to be a complete free will to deny these zealous do goideds from Hell
Like Bill Gates for example
During Obama’s debacle O Care, drug companies raised drug prices and health insurance companies raised premium prices because they were going to make damn sure they didn’t lose money.
Prices have not come down since.
Typical big lie media article. Astra Zeneca’s a $150b market cap company. Because the Feds have invested $1b in a vaccine, AZN is now subject to price controls? Note that this money is a fraction of AZN’s $6b *annual* R&D expense, and that the effort has diverted the attention of AZN’s best scientists towards a drug that, like other vaccines, is at best a break-even proposition. Fact is, vaccines don’t make money, mainly because governments expect drug makers to provide it at cost.
Exactly. Free market economics with legal businesses dealing with supply and demand.
But don’t worry, that won’t stop a parade of people here from crying about how terrible big businesses are, how the government should be doing something to control them, etc. Particularly when it comes to tech companies and drug companies, suddenly the belief in the free market just vanishes with some self-proclaimed “conservatives”.
Yes, the second pill costs AstraZeneca $0.50 to make. But that first one cost them $3 Billion. And they have both a right to make money and a fiduciary responsibility to the shareholders to make money.
You want healthcare without profit? Go try your luck with socialized medicine.
‘zealous do goideds from Hell...’
I’ve always hated those things...
Fake News
One big issue with big business like big pharma is ologopolistic/monopolistic practices. The pharma industry is really more of a cartel than a group of competing businesses which leads to high barriers of entry of smaller companies entering the market and offering new competition. Couple this with unreasonable patent protections that allow larger orgs to sue smaller orgs for similar products that often don’t infringe on a patent means that it’s nearly impossible for a new entrant to compete, therefore they don’t. This translates into unreasonably and artificially high prices due to constrained supply since alternative products cannot be offered. This is not capitalistic but monopolistic and harms the overall market.
Unreasonable patent protections is a regulatory issue that should be resolved with LESS government intervention; not MORE.
Free market forces that currently exist within the healthcare? Lol.
.gov needs to get the hell out of the way and allow a free market in the industry. Instead they protect it. But that is where the $s are.
They’re worse than graboids and you know what a pain they are.
On average, tuition tends to increase about 8% per year. An 8% college inflation rate means that the cost of college doubles every nine years.
Life saving drugs are worth more than worthless college degrees.
I completely agree that government getting out of the way and intervening less would be better for the market. But I don’t blame the businesses operating in the market that exists today for working within the rules that exist and trying to make a profit. That’s the fundamental concept of business.
Yet some will still lambast drug makers as Satan’s spawn because they DARE try to turn a profit. As if for-profit business is inherently evil. And I think that if they feel that strongly, they should hop on a raft with Michael Moore and escape this terrible country for the utopia of Cuba. There they can enjoy all the fruits of their vaunted socialized medicine. No profit involved. Must be amazing.
Got my flu shot today. Was going to wait a couple of months but was informed that if I did, I could end up as a guinea pig for the COVID-18 vaccine ( not in so many words ) in order to get the flu shot then. No choice in the matter.
don’t argue facts with the people who love big pharma
waste of time
The libertarian economic view, which I used to support, is flawed in that laissez faire will always fail catastrophically and lead to calls to it's polar opposite: Socialism.
As has been said previously to your post, get GOV out of the and regulation business with all aspects of healthcare, and then maybe I’ll agree that “free market” opinion.
I don’t “love” big pharma. I will support any business that’s operating within the law and striving to make a profit with a legal product that’s in demand. I support free market economics and minimal government intervention.
We used to call that “conservatism”.
Concerning meds, I believe anyone that desires should be able to procure their Rx from anywhere in the world. Pure bs that price arbitrage exist between countries.
Anti venom selling for $100 a vial in Mexico shouldn’t result in a $30-40k treatment here. More like extortion than profit.
https://health.howstuffworks.com/medicine/medication/why-snakebite-antivenom-expensive.htm
you know the model that pharma has now is not free market capitalism
theres plenty of protectionism
and its pretty much a monopolistic setup
kickbacks to docs to push product
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