He is telling suppliers we are only going to pay X for your product. If you don’t like it, fine. Go and try to find somebody else who can buy in our volume.
This is Standard Operating Procedure for the buyers at Walmart.
Hell yeah, Wally World did this exact same thing to Pepsi years ago. They dictated we will only pay x number of dollars per case, and said, “if you don’t want your product in our stores that’s on you”.
Sounds reasonable to me. I think a lot of lower income black seniors are going to like this, and he should push it among them.
Companies deserve money for drugs they‘ve developed or promoted, but most of these have been out for years and are for common problems And already prescribed in generic form. So the companies probably don’t make a lot of money on them anyway, depending on the patent.
But we need to compensate R&D which is very expensive and can last for years. The pharm companies won’t and can’t do it unless they get compensated (to pay the microbiologists, in other words).