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Economics Discuss Trumpís NAFTA 2.0 Puts Big Pharma First, America Second at the Political Forums; Trump?s NAFTA 2.0 Puts Big Pharma First, America Second If there’s anything Donald Trump hates more than globalist trade deals ...

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Old 03-31-2019, 10:59 PM
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Default Trumpís NAFTA 2.0 Puts Big Pharma First, America Second

Trump?s NAFTA 2.0 Puts Big Pharma First, America Second


Quote:
If there’s anything Donald Trump hates more than globalist trade deals that restrict U.S. sovereignty, it’s the exorbitant cost of pharmaceuticals in this country.

“The next major priority for me, and for all of us, should be to lower the cost of health care and prescription drugs,” the president said in his most recent State of the Union Address. “It is unacceptable that Americans pay vastly more than people in other countries for the exact same drugs, often made in the exact same place.”

And yet, the president’s new version of NAFTA — the uncreatively named United States-Mexico-Canada Agreement (USMCA) — actually forbids the U.S. Congress from curtailing Big Pharma’s patent monopolies on some of the world’s most expensive drugs. In other words: Trump’s “America First” trade deal restricts U.S. sovereignty, for the sake of locking in high drug prices.
READ MORE about the...

Liar in Chief.
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Old 03-31-2019, 11:02 PM
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Default Re: Trumpís NAFTA 2.0 Puts Big Pharma First, America Second

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...Democrats have drafted legislation that would cut the duration of biologic monopolies down to seven years.

But if Trumpís revised version of NAFTA takes effect, Democrats will not have the legal authority to advance that legislation ó because the USMCA guarantees biologic makers at least a ten-year monopoly on their new drugs across all three of North Americaís major economies.

House Democrats say thatís unacceptable. As the administration pushes to get its trade deal through Congress, Nancy Pelosiís caucus has made striking the provision on biologics one of it top demands.

If the rule isnít rolled back, ďI donít think candidly that it passes out of my trade subcommittee,Ē Earl Blumenauer of Oregon told the Associated Press in February. ďThe biologics are some of the most expensive drugs on the planet.Ē Even staunchly pro-trade border-state Democrats are drawing a red line on the rule, with Texasís Lloyd Doggett calling it ďtotally contrary to Trumpís professed interest in lower drug prices.Ē
more at link.

Do you think he's receiving direct graft or is it layered in a money laundered scheme?
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Old 04-01-2019, 01:39 PM
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Default Re: Trumpís NAFTA 2.0 Puts Big Pharma First, America Second

The linked article makes a series of wildly inaccurate claims in an attempt to smear the replacement for the ill conceived NAFTA treaty. It's a political hit piece attempting to capitalize on people's anger over high biologic drug prices with nonsensical policies.

Currently US biologic drug manufacturers have a 12 year patent on new drugs once they reach the market. The new agreement will reduce this period to 10 years. The Democrats insist the period of exclusive rights be nearly cut in half to 7 years. The process of getting a new pharmaceutical to market requires on average a billion dollar investment. Simple arithmetic tells us spreading the cost over 7 years instead of 10 or 12 increases the cost of the drug to the patient. The exact opposite of what the Democrats claim to want.

The article cites Mexico and Canada as having much shorter periods of manufacturers having exclusive rights without bothering to note that neither of these countries produce much in the way of new biologics.

At nearly the end of the article it's true objective is revealed.

Quote:
Nevertheless, awarding Donald Trump a bipartisan victory on trade policy on the eve of the 2020 campaign simply isnít in the Democratic Partyís best interests. The president has a lot to gain from returning to Wisconsin next year with a new, more worker-friendly NAFTA in tow. Team Blue has much to lose by helping him do that. Thus, if Democrats are going to put their substantive goals above their electoral interests ó and approve the USMCA ó then that agreement canít very well prohibit them from achieving their substantive goal on the most salient issue in American politics.
It's all about what's best for "team Blue" political posturing over achieving the goal of reducing drug prices for the American people.
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Old 04-02-2019, 05:07 AM
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Default Re: Trumpís NAFTA 2.0 Puts Big Pharma First, America Second

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Originally Posted by saltwn View Post
Hey look at that tRUmp cultists. Your guy is trying to sell out America again. Ah well, I'm sure this is just fake news related to Hillary Clinton, right?
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Old 04-02-2019, 05:08 AM
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Default Re: Trumpís NAFTA 2.0 Puts Big Pharma First, America Second

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Originally Posted by saltwn View Post
more at link.

Do you think he's receiving direct graft or is it layered in a money laundered scheme?
Everything tRUmp does is to shovel money to himself and/or the super rich, to help Putin, or to try to undo anything President Obama did because he's racist.
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Old 04-02-2019, 05:19 AM
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Default Re: Trumpís NAFTA 2.0 Puts Big Pharma First, America Second

Quote:

ďThe next major priority for me, and for all of us, should be to lower the cost of health care and prescription drugs,Ē the president said in his most recent State of the Union Address. ďIt is unacceptable that Americans pay vastly more than people in other countries for the exact same drugs, often made in the exact same place.Ē -- Donald Traitor tRUmp
versus

Quote:
"And yet, the presidentís new version of NAFTA actually forbids the U.S. Congress from curtailing Big Pharmaís patent monopolies on some of the worldís most expensive drugs. In other words: Trumpís ďAmerica FirstĒ trade deal restricts U.S. sovereignty, for the sake of locking in high drug prices"
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Old 04-02-2019, 09:02 AM
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Default Re: Trumpís NAFTA 2.0 Puts Big Pharma First, America Second

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Originally Posted by saltwn View Post
Trump is not getting rich off his Presidency.

Trump’s net worth has dropped more than $100 million over the past year, down to $2.8 billion—the lowest since his campaign for president. While that may still be a bigger number than most of us can ever hope to see next to our name, it marks a continued decline for Trump.

This is the president’s second drop in net worth in the last two years. Bloomberg notes that much of the decline can be attributed to falling revenue from his tower on Fifth Avenue in New York and from his golf courses, as well as the loss of buildings in Toronto, Manhattan, and Panama.

https://www.cnbc.com/2018/10/02/trum...-declines.html

Nowhere in his port folio is there a personal "profit gain" in Big Pharma.
Stop the lies....; Please
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Old 04-02-2019, 09:10 AM
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Default Re: Trumpís NAFTA 2.0 Puts Big Pharma First, America Second

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Originally Posted by RedState View Post
Everything tRUmp does is to shovel money to himself and/or the super rich, to help Putin, or to try to undo anything President Obama did because he's racist.
Your anger is showing. Do you have anything to say positive about this country's current environment? Or is it all a matter of dissing Trump and riling up the haters?

I've benefited from the current economic environment, me, a lowly pleeb. How about you?
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Old 04-02-2019, 12:32 PM
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Default Re: Trumpís NAFTA 2.0 Puts Big Pharma First, America Second

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Originally Posted by RedState View Post
versus
Instead of parroting the inane rhetoric in the article how about simple arithmetic? The billion $ cost of bringing a new drug to market has to be recovered during the exclusive patent period. The only source for this cost recovery is the price of the drug. Here is the arithmetic part simplified for your convenience. Which is greater a billion dollars divided by 10, or a billion dollars divided by 7? The former is exclusive patent period in the new trade agreement while the latter is what Democrat demogoguery demands. It's an easily exposed perversion of the goal of lowering prescription costs.
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Old 04-02-2019, 04:17 PM
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Default Re: Trumpís NAFTA 2.0 Puts Big Pharma First, America Second

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Everything tRUmp does is to shovel money to himself and/or the super rich, to help Putin, or to try to undo anything President Obama did because he's racist.
You forgot that he had two desserts!!

Perhaps, just maybe, if you look past your anger, you may begin to understand that not everything is as the select media wants you to believe....
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