Posted on 02/05/2020 6:57:40 AM PST by Moonman62
State of the Union 2020: Why Democrats chanted ‘H.R. 3’ at Trump
https://abc7ny.com/politics/what-democrats-chanted-at-trump-during-state-of-union/5904459/
Thx for posting
So like “rent control” the Dems want price controls on drugs that would ruin the free market...there has to be a way to involve other countries in this...to pay some development costs
Ah, I had never heard of H.R. 3 before last night. Now I know why.
We’ve heard this song and dance before: making drug companies charge Americans the same prices they charge the rest of the world will stifle innovation and we won’t get any more research intensive drugs. I don’t believe the disaster that drug companies predict. It sounds like a similar argument against tariffs. Whatever it takes, American companies cannot sell drugs to the rest of the world at reduced prices and make Americans pay for all of the research and development.
The drug companies are posting large profit margins at the cost to the patients and taxpayers. It can be argued that the companies spend more on drug advertising than they spend on research. There has to be a cap on what drug companies can charge. The patent laws and FDA have effectively created an unsumountable barrier to ‘generic’ insulin.
This cannot continue, as people’s health HAS to take precedence to corporate profits.
We’ve heard this song and dance before: making drug companies charge Americans the same prices they charge the rest of the world will stifle innovation and we won’t get any more research intensive drugs.
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The way it is now, those international price controls cause Americans to pay more.
A better solution is to put maximum pressure on other countries to pay market prices.
The patent laws and FDA have effectively created an unsumountable barrier to ‘generic’ insulin.
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Maybe you should do a separate thread on that topic.
A beautiful sentiment, a bit on the Socialist model, but beautiful nonetheless. What's not so beautiful are the unintended consequences of such thinking, as outlined in this article.
Totally agree with you. This no innovation argument is BS. A lot of drugs advertised are more like a hammer in search of a nail.
Once upon atimeyou could not advertise drugs, lawyers, doctors or hospitals. There was good reasonfor that.
:: But the price caps being envisioned in H.R. 3 would dramatically limit the return on that investment. ::
I dunno but, maybe your ROI expectations could be reset?
One of my husbands inhalers cost 377 a month for a person with no insurance. We pay 45.00 due to my insurance through work.
Seriously, that huge of a mark up? My cousin works part time as Pharm rep and makes 6 figures and gets lots of trips for perks.
My office visit for A1C check and foot check is 180.00 and husbands is 240.00 as he has Polymalagia Rheumatica and this can last a year or more and you have to be on Prednisone for year or more. He also has 2 spine fusions and his spine is degenerating. He now has COPD due to where he worked for 30 years. Yes he gets excellant care and we love our Doctor. But still if we had no insurance that would be the approximate price.
We only pay 25.00 copay and 30.00 for specialist.
Since 1992 we already have a form of drug control policy”
Where I worked at a major Hospital we currently have 340B program. The 340B Drug Pricing Program has provided financial help to hospitals serving vulnerable communities to manage rising prescription drug costs.
Section 340B of the Public Health Service Act requires pharmaceutical manufacturers participating in Medicaid to sell outpatient drugs at discounted prices to health care organizations that care for many uninsured and low-income patients. These organizations include community health centers, children’s hospitals, hemophilia treatment centers, critical access hospitals (CAHs), sole community hospitals (SCHs), rural referral centers (RRCs), and public and nonprofit disproportionate share hospitals (DSH) that serve low-income and indigent populations.
thank you
I did not understand the bill and thought the idea sounded good
Now I get that it would be a disaster for research on new drugs that will save lives in the future
Thanks for this posting.
I was wondering what those white-feathered hens were clucking.
Yet another example of how low the leftists in congress have burrowed.
Mark
Why would we EVER tie any of our policies to anything foreign?
Please tell us, Bernie--that is you, isn't it? How much should companies be permitted to spend on advertising, here in the United States? Should every company be restricted, or just pharmaceuticals? What business are you in? Can we put a "cap" on what your industry makes?
If a company wants to manufacture insulin (which is a super-expensive process, by the way), they're free to do so. The FDA and patent laws don't restrict a company from doing so. You're just ignorant of the process, and you believe that anything that comes in small vials and pens must be cheap to make.
That said, Sanofi, Lilly and Novo Nordisk have all offered various generic forms of insulin in the past year or two, and all have some type of patient affordability program where most patients pay under $100/month for their insulins.
The lives and health of people ARE first and foremost in most of the pharmaceutical industry. We know it does no good to have life-saving medicines if people cannot afford them, but profits drive new innovation and are vital to the industry.
Half the commercials on tv are for some drug you need to go talk to your doctor about.
I dunno but, maybe your ROI expectations could be reset?
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Why don’t you start your own drug company and set an example?
Why...that’s effing BRILLIANT!
You are a rhetorical gem.
Please...don’t hesitate to post your pithy thoughts every where.
Everyone on FR is awaiting your genius with bated breath.
Well, except humblegunner. He’s just a curmudgeon.
BUT, he’s our curmudgeon.
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