So the federal government can tell private companies to sell goods at the price the government dictates.
I am sure there is a word for that.
“So the federal government can tell private companies to sell goods at the price the government dictates.”
When it’s the federal government paying for the purchases, yes.
“So the federal government can tell private companies to sell goods at the price the government dictates.
I am sure there is a word for that.”
Let me guess, you supported Cruz in the primaries. Or Scott Walker. And you happily voted for Bush in 2004, McCain in 2008 and Romney in 2012, because they’re great on “capitalism”
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.
“I am sure there is a word for that”
Yeah. Good Business.
They don’t want to sell at that price, don’t gotta sell it.
“So the federal government can tell private companies to sell goods at the price the government dictates.’
No, it is telling drug companies you can’t sell drug X for $50.00 in Hong Kong and $500.00 in the US. This actually happens all the time. I have a prescription that was under $50 US dollars in HK. The same exact drug by the same manufacturer is $583.00 in Houston. There is no free market involved. If you need a drug it is often paying for it or die.
To be fair, PDJT should do an EO that limits the ability of ambulance-chasing lawyers to sue over the side effects of drugs. I think a huge part of this problem Dewey, Cheetham & Howe having their fat fingers in the pie.
The word is called bypassing the middleman. They are going to buy the same drugs from a different distributor.
That’s not what Trump is saying.
Trump is telling Big Pharma that American taxpayers won’t make up the difference for losses incurred through foreign price controls.
So the federal government can tell private companies to sell goods at the price the government dictates.
I am sure there is a word for that.
*******
Strip away all the federal subsidies and they’ll stop playing their Lets Rob Americans Blind games real fast.
The result is that other countries will probably see price increases without the captive American consumer subsidy. This is more efficient than asking U.S. customs to stop obstructing re-import of drugs from Canada. It is also good politics.
It’s about who’s paying for it.
I can buy insulin at Walmart over the counter for $25 apiece but if insurance pays for it it’s $200.
No. Medicare will shop the marketplace.
There is a reason that drug companies are abe to sell to USA for $$$ and dirt cheap to other countries- GOVERNMENT CONTROL.
Let’s say you invented a drug that, oh - I dunno, allowed men to have more sex. Let’s call it ‘viagara’.
Do you think it would be in-demand at all? Do you think you could mass-produce it and sell it all over for pennies?
OR...
Would you prefer the government dictate that insurance companies HAVE TO cover it, at the introductory list price of $50 a pill.
What we essentially have now is the rest of the world foists drug development costs onto the backs of the American taxpayer by negotiating artificially low prices with the unstated threat to ignore patents and to produce a generic locally if an agreement can’t be made. It is always the case where a super-premier buyer controls the costs he will be charged.
Is price-fixing moral? (or legal for that matter)
Is it right for these companies to charge us, the captive market in America much more than they are willing to accept from others? Isn’t that a form of involuntary wealth redistribution?
I’m interested in the counter argument. Is this really a “free’ market? If the right to produce a drug is controlled by the govt, and the govt forbids us from buying oversees, is it then wrong expect that the govt makes sure we don’t get screwed too badly in the controlled system they set up?
When the Federal govt is the buyer yeh they can decide what they want to pay.