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The President & the Executive Branch Discuss 'America Will Not Be Cheated Any Longer': Trump Touts 'Sweeping Action' to Lower Drug at the Political Forums; 'Bout time. Mile-high drug prices hurt the poor the most. It's time we stop making some of these pharmaceutical companies ...

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Old 05-11-2018, 02:29 PM
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Default 'America Will Not Be Cheated Any Longer': Trump Touts 'Sweeping Action' to Lower Drug

'Bout time. Mile-high drug prices hurt the poor the most. It's time we stop making some of these pharmaceutical companies rich at the average citizens' expense.

'America Will Not Be Cheated Any Longer': Trump Touts 'Sweeping Action' to Lower Drug Prices

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President Donald Trump on Friday announced "sweeping action" by his administration to lower the price of prescription drugs for the American people.

"We will have tougher negotiation, more competition and much lower prices at the pharmacy counter. And it will start to take effect very soon," Trump said in the White House Rose Garden.

He said that increasing competition and reducing regulatory burdens will get drugs to the market quicker and cheaper.

"We're very much eliminating the middlemen. The middlemen became very, very rich," Trump said.
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Old 05-11-2018, 11:07 PM
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Default Re: 'America Will Not Be Cheated Any Longer': Trump Touts 'Sweeping Action' to Lower

Shoulda been done decades ago...
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Old 05-12-2018, 08:09 AM
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Default Re: 'America Will Not Be Cheated Any Longer': Trump Touts 'Sweeping Action' to Lower

Notice the approach is reducing regulation and increasing competition at home as well as relieving US consumers from subsidizing foreign countries socialized medical systems. That's radically different from the tax and regulate approach under Obamacare where big pharma just passed the costs on to the American consumer.

It wasn't surprising that myopic Democrat Chuck Schumer railed against Trump's proposal even before it was released. Expect the mindless Resistance to continue their campaign of hate especially since the vaunted democratic socialists of Western Europe would have to pay more of the costs for US developed pharmaceutical drugs.
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Old 05-12-2018, 09:21 AM
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Default Re: 'America Will Not Be Cheated Any Longer': Trump Touts 'Sweeping Action' to Lower

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Originally Posted by AZRWinger View Post
Notice the approach is reducing regulation and increasing competition at home as well as relieving US consumers from subsidizing foreign countries socialized medical systems. That's radically different from the tax and regulate approach under Obamacare where big pharma just passed the costs on to the American consumer.

It wasn't surprising that myopic Democrat Chuck Schumer railed against Trump's proposal even before it was released. Expect the mindless Resistance to continue their campaign of hate especially since the vaunted democratic socialists of Western Europe would have to pay more of the costs for US developed pharmaceutical drugs.
Subsidizing others single payer systems is much of the reason for the high cost of our system and the lower cost of other systems.

The first pill costs $200 million, the second 10 cents, and we tend to buy the first pill. Development costs need to be spread over the entire market.
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Old 05-12-2018, 10:20 AM
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Default Re: 'America Will Not Be Cheated Any Longer': Trump Touts 'Sweeping Action' to Lower

Glad, the right is finally on board with this type of thing.
Rather than making EXCUSES for big phrama.

I've been talking about this type of thing for decades while my republican friends and most republican politicians have questioned my "free market" credentials for accusing the Pharmaceuticals of price gouging, monopolies, gov't lobbies, Big Pramas revolving door with the FDA , Protective laws, and other unethical if not illegal practices.

Among the Right wing replies that most often come back when folks talk about the Big Pharma obscene profits and dirty play are things like:
"they spent millions in research therefore. they need to recoup..."
and "what the market can bear",
and "you don't want government interference in the market do you, tht's communist"

But hey, it's OK now i guess.
Trump's doing something about it so, it's fine. He's a businessman. So it's all good whatever it is.

Just like for many dems, when Bush Spied on citizens it was 'clearly unconstitutionally'
when Obama did it it was to "keep the nation safe" or not worth of mentioning.


Hey whatever the case. What Turmp's saying SOUND GOOD to me.
I'm anxious to see the details.
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Last edited by mr wonder; 05-12-2018 at 10:25 AM..
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Old 05-12-2018, 11:18 AM
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Default Re: 'America Will Not Be Cheated Any Longer': Trump Touts 'Sweeping Action' to Lower

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Originally Posted by mr wonder View Post
Glad, the right is finally on board with this type of thing.
Rather than making EXCUSES for big phrama.

I've been talking about this type of thing for decades while my republican friends and most republican politicians have questioned my "free market" credentials for accusing the Pharmaceuticals of price gouging, monopolies, gov't lobbies, Big Pramas revolving door with the FDA , Protective laws, and other unethical if not illegal practices.

Among the Right wing replies that most often come back when folks talk about the Big Pharma obscene profits and dirty play are things like:
"they spent millions in research therefore. they need to recoup..."
and "what the market can bear",
and "you don't want government interference in the market do you, tht's communist"

But hey, it's OK now i guess.
Trump's doing something about it so, it's fine. He's a businessman. So it's all good whatever it is.

Just like for many dems, when Bush Spied on citizens it was 'clearly unconstitutionally'
when Obama did it it was to "keep the nation safe" or not worth of mentioning.


Hey whatever the case. What Turmp's saying SOUND GOOD to me.
I'm anxious to see the details.
It's not big pharma. What US big pharma has done is develop most of the life saving and life extending used throughout the world.

The problem is that the US medical system and by extension the US consumer gets stuck with the bill and other countries get a free ride.

I don't have an answer I like, but somehow other countries need to pay their share of development costs. Perhaps development export tax or restriction on multi level pricing. But I don't like government meddling in private enterprise.
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Old 05-12-2018, 12:04 PM
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Default Re: 'America Will Not Be Cheated Any Longer': Trump Touts 'Sweeping Action' to Lower

Quote:
He said his administration is committed to putting American patients first, and that means taking on the drug lobby, the drug makers that exploit patent laws and the foreign countries that "extort" unreasonably low prices from U.S. drug makers.

"America will not be cheated any longer and especially will not be cheated by foreign countries" Trump said, lamenting that Americans are paying far higher prices than overseas for the same drugs.

"It's unfair, it's ridiculous and it's not going to happen any longer."
I guess when Trump promised to have Medicare negotiate lower drug prices for Americans during his campaign, what he really meant was to toss that good idea out, and try somehow to force the rest of the world to accept higher drug prices so that Americans could pretend they were getting a good deal after all.

He's not getting tough on drug companies by the by. Just after his speech their stocks went up. Don't be fooled.

https://www.statnews.com/2018/05/11/...speech-stocks/
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Old 05-12-2018, 12:05 PM
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Default Re: 'America Will Not Be Cheated Any Longer': Trump Touts 'Sweeping Action' to Lower

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Originally Posted by jimbo View Post
It's not big pharma. What US big pharma has done is develop most of the life saving and life extending used throughout the world.

The problem is that the US medical system and by extension the US consumer gets stuck with the bill and other countries get a free ride.
well that sorta part of the part the problem i guess
AND as i said ... big pharma is price gouging, creating mini monopolies, uses gov't lobbyist to get special treatment and block competition, Big Pharmas revolving door with the FDA so that big pharma drugs are approved (sometime w poor research or testing) and approved again for variant OFF label uses, while small companies, natural competition and free choice of treatment are blocked, They create Protective laws make it impossible to sue them for bad products or practices, and other unethical (incentives and gifts to Drs for more uses) if not illegal practices.

the "medical system"
is to a large extent controlled by big pharma in the US and world wide Jimbo.
we've got to look at the broader picture. They need more exposure and reigning in.
Heck, Who do you think wins the most by promoting the use of Drugs like Ritilian for boys being too much like boys? There's only so many "life saving" drugs you can create. And as any biz they like to increase profits.. so they reach out to various markets.
Also cures don't make as much money as continuing treatment of various "conditions".
So one has to ask, what are the real profit incentives for Pharmaceuticals?
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Old 05-12-2018, 12:17 PM
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Default Re: 'America Will Not Be Cheated Any Longer': Trump Touts 'Sweeping Action' to Lower

Besides being the only major country that doesn't negotiate drug prices through the government, we're also the only country (Besides New Zealand) that doesn't prohibit drug advertising. Big Pharma spends billions on advertising, and billions more than actual R&D.

Pharmaceutical Companies Spent 19 Times More On Self-Promotion Than Basic Research: Report

We're getting ripped off, but it's not because other countries are smarter about their healthcare.
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Old 05-12-2018, 12:45 PM
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Default Re: 'America Will Not Be Cheated Any Longer': Trump Touts 'Sweeping Action' to Lower

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Originally Posted by WallyWager View Post
I guess when Trump promised to have Medicare negotiate lower drug prices for Americans during his campaign, what he really meant was to toss that good idea out, and try somehow to force the rest of the world to accept higher drug prices so that Americans could pretend they were getting a good deal after all.

He's not getting tough on drug companies by the by. Just after his speech their stocks went up. Don't be fooled.

https://www.statnews.com/2018/05/11/...speech-stocks/
I would remind you that Obama Care and Medicare both work to pass the revenue through insurance the insurance industry. Regulation and control enriches that segment whilst diminishing the quality of care delivered at higher prices.

The free market system would not suffer the ails of socialized/organized medicine. But of course you would invent an alternate, malicious motivation for the President, a capitalist, to take the gubmiti's thumb off the scale.
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