As Trump Prepares Plan to Lower Drug Prices, Big Pharma Girds for a Fight

but isn't the government dictating pricing to private industry what communists do?

systems these days, each for what works best, or at least better. Controlled capitalism for its energy. Government investment for what will or cannot be done by private industry.

Socialized medicine for its guaranteed access to care, lowered costs and quality control -- and for its morality and responsibility? Surely it's just plain wrong for all medical care available to most people to be for-profit so that business can exploit illness and suffering for whatever the market will bear? Everyone should be able to opt out of that.

We don't want the Republicans to have any victories they can point to in this election year, but it seems almost wicked to hope he fails. I just learned a bottle of pills that've been in production for close to 50 years now supposedly costs close to $1000, instead of $15 or so. Only one company is manufacturing it because profits on such an old medication are too low to use facilities for and yada yada.

And then there's the medical specialty group that actually prescribed this instead of an alternative because, presumably, insurance would pay for it. And because they have a contract with a pharmaceuticals company and ALL their prescriptions are sent directly by computer to that company, no copy given to the patient, just assurance that prices are the lowest to be found anywhere, including that $1000. My first experience with this highly questionable setup, and I've contacted the supplier and told them I'll be forwarding my prescriptions elsewhere.

So yeah they dictate to them but it keeps you from having a 1000.00 per month electric bill on a 1500 sq foot home in August or a 1000.00 natural gas bill in January.

I'm all IN for certain price controls that are out of consumers hands,or on things you cannot do without and there is no real competition to keep those prices lower. I've said for YEARS that the Internet and it's pricing should be regulated. It's no longer some "toy" as it was back in the mid-90's.

The way those asses at COX (cable monopoly in our city) price ours it could easily be out of reach for those on a fixed income in the next five years.

R & D will get smacked way before shareholders, executives. And if you want to attract top talent with innovative potential, you have to pay for it. Incentive is the way capitalism works. This is another of Trump's ideas that focus on the short term and not long term overall benefit to society.

Trump isn't going to do any such of a thing.

He'll blow it off just like his "draining the swamp" promise or his huge infrastructure initiative.

.

This guy can be read like a book.

He'll get away with saying "I tried," his fans will love him more than ever, while his opponents knew his promise about this was a total pile of bovine excrement from the get-go.

The swamp was just too deep, because Obama, Teh Gays, Hitlery, Monica Lewinsky, Jade Helm Chemtrails Deep State Witch Hunt No Collusion.

the only people who have to pay for it? Other countries sell the very same prescription drugs for 1/2 price or less. I can't believe the prices of some of these fairly simple drugs (blood pressure drugs, for instance), and they just keep going up, and up, and up. Yet Americans are the only people who are expected to pay for that R&D? That's pure bullshit as far as I'm concerned.

I know it's not your fault, so excuse me if it sounds like I'm jumping on you for it.

If only companies based in the US were doing it, I'd say well, we get the benefit of the employment and taxes, and we do have higher costs for living than many countries ... but it just doesn't wash. Maybe other countries won't tolerate such behavior, whereas here it's anything a lobbyist can fund through Congress?

So they can reap their R&D investments back, and then some. It may be 5 years, I'm not sure.

Then generic knock offs are allowed to compete. And they are about half as much.

The problem with the US is that there is no stopping them. They can continue to charge maximum pricing, with no generic competition, so they can continue making obscene profits on drugs that now cost them pennies to make.

Watch the 60 minutes from this evening for just a small reason I say this.

Trump doesn't give two sh*ts about the price of drugs, whether high or low.

He's lowering the prices to give a leg up to a republican running for senator in NJ. His name is Bob Hugin. He's the CEO of Celgene Corporation, a biopharmaceutical company.

https://en.wikipedia.org/wiki/Bob_Hugin
http://www.celgene.com/

Hugin is running against Bob Menendez and hasn't gained any ground b/c all he has is "Menendez disgraced the Senate and NJ and should resign."

Trump personally selected Hugin to run for the Senate notwithstanding his void of experience in government at any level. All he knows is business. (Sound familiar?)

So anyway, Trump will lower the price of drugs, give the credit for the idea to Hugin, who's running in a very very blue state.

to lower drug prices? As good a chance of getting china to
reduce the trade imbalance by 2020..

we all know he don't give fuck about this.
Another one of his "somethings going to happen" horseshit.

Here are a couple of links which mention the issue.

PNHP on drug research

and

Other98.com site on taxpayers funding research.

... for lower prices. Medicare D cannot negotiate prices, so seniors pay higher (retail) prices. If those prices can be lowered, I'm all for it.

On the other hand, if lower drug prices are like Trump's lower taxes, I'm not interested. Somehow, lowering the price would cause the cost to go up. It's strange economics by Mnuchin and Mulvaney.

his base will cheer and turn out to the polls in november.

and they will blamer obama care when their prescription bill continue to rise....