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The stunning open corruption at the heart of the pharmaceutical industry
invite response
2020 May 16, 5:37pm 884 views 15 comments
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2
PeopleUnited
2020 May 16, 10:06pm
PeopleUnited
2020 May 16, 10:06pm
Patrick says
Solution?
How do you get the government, which is bought a paid for by the medical industrial complex (chiefly vaccine and drug manufacturers) to succeed in negotiating better drug prices? And let’s say the government could negotiate better prices, that sounds like a pretty powerful government, do you want government to dictate prices? Doesn’t government involvement in prices always lead to scarcity and rationing (because you see, rich people almost universally seek to insure they stay rich and don’t want to give the “average” person access to the same comforts, privilege and care they get, because why would they want to take their resources and share them with everyone else, and Government doesn’t have any money it doesn’t steal from citizens!)?
The one exception is the U.S. government.
Solution?
How do you get the government, which is bought a paid for by the medical industrial complex (chiefly vaccine and drug manufacturers) to succeed in negotiating better drug prices? And let’s say the government could negotiate better prices, that sounds like a pretty powerful government, do you want government to dictate prices? Doesn’t government involvement in prices always lead to scarcity and rationing (because you see, rich people almost universally seek to insure they stay rich and don’t want to give the “average” person access to the same comforts, privilege and care they get, because why would they want to take their resources and share them with everyone else, and Government doesn’t have any money it doesn’t steal from citizens!)?
3
Booger
2020 May 17, 5:50am
Booger
2020 May 17, 5:50am
Don't individual insurance companies already negotiate prices for drugs?
4
WookieMan
2020 May 17, 8:00am
WookieMan
2020 May 17, 8:00am
logic says
Yes.
PeopleUnited sayso you want government to dictate prices?
No, I want a government that lets me buy my medication on line from another country. Isn't dictating where I buy my medication from just as bad as dictating prices?
Yes.
5
PeopleUnited
2020 May 17, 11:26am
PeopleUnited
2020 May 17, 11:26am
logic says
Agreed, as an added bonus the competition with foreign pharmacy prices would drive down prices in the USA, or maybe just bankrupt American pharmacies. Seems like it would be easier to eliminate the health insurance industry, it is ultimately responsible for the high costs of health care in this country. Health insurance insures that costs are born by the public while profits are siphoned by the wealthy.
PeopleUnited sayso you want government to dictate prices?
No, I want a government that lets me buy my medication on line from another country. Isn't dictating where I buy my medication from just as bad as dictating prices?
Agreed, as an added bonus the competition with foreign pharmacy prices would drive down prices in the USA, or maybe just bankrupt American pharmacies. Seems like it would be easier to eliminate the health insurance industry, it is ultimately responsible for the high costs of health care in this country. Health insurance insures that costs are born by the public while profits are siphoned by the wealthy.
6
just_passing_through
2020 May 17, 12:49pm
just_passing_through
2020 May 17, 12:49pm
In the 90s we still had lots of pharma manufacturing here in the US. South Texas had a lot. By mid-90s those were starting to shut down.
Anyone find it interesting that the manufacturing was off-shored, became generic and prices STILL when up?
Asshoes.
Anyone find it interesting that the manufacturing was off-shored, became generic and prices STILL when up?
Asshoes.
7
just_passing_through
2020 May 17, 12:51pm
just_passing_through
2020 May 17, 12:51pm
Booger says
heh heh heh....
Assuming you go, on your next visit to your pharmacist ask them what the price would be in cash. Sometimes it's lower.
Don't individual insurance companies already negotiate prices for drugs?
heh heh heh....
Assuming you go, on your next visit to your pharmacist ask them what the price would be in cash. Sometimes it's lower.
8
Patrick
2020 May 17, 1:06pm
Patrick
2020 May 17, 1:06pm
logic says
This.
PeopleUnited sayso you want government to dictate prices?
No, I want a government that lets me buy my medication on line from another country. Isn't dictating where I buy my medication from just as bad as dictating prices?
This.
9
REpro
2020 May 17, 1:17pm
REpro
2020 May 17, 1:17pm
We buy the most expensive medication in other countries for a long time. Saving is 50-75%.
Downside is you have to wait long before arrive. (3-4 weeks) Most of them are produced in Turkey or India.
Sometimes online access to foreign pharmacy is blocked by Google or Microsoft Edge.
You need to ask doctor to give you printed prescription instead sent it to "your" pharmacy. Then choice is yours.
Those are same medication sold here with different packing or name on US market.
Its appear that in US Pharmaceutical industry advertising exceeds Tabaco advertising years ago.
Downside is you have to wait long before arrive. (3-4 weeks) Most of them are produced in Turkey or India.
Sometimes online access to foreign pharmacy is blocked by Google or Microsoft Edge.
You need to ask doctor to give you printed prescription instead sent it to "your" pharmacy. Then choice is yours.
Those are same medication sold here with different packing or name on US market.
Its appear that in US Pharmaceutical industry advertising exceeds Tabaco advertising years ago.
10
KgK one
2020 May 17, 7:57pm
Pharma expense is 9% of total health care. There won't be much saving.
Companies will throw out stuff in us if they find one hair. In other countries lot more lenient on junk that goes into it.
There is hugh liability issue in us made drug, u can sue but in other countries can't do much. Due to frivilous lawsuits pharma have to charge accordingly.
Most drug research fail. U see maybe 10 new drug a year so rest is wasted. Cost to create new drug is 2.2 billion and when they fail cost gets spread over other areas.
Companies will throw out stuff in us if they find one hair. In other countries lot more lenient on junk that goes into it.
There is hugh liability issue in us made drug, u can sue but in other countries can't do much. Due to frivilous lawsuits pharma have to charge accordingly.
Most drug research fail. U see maybe 10 new drug a year so rest is wasted. Cost to create new drug is 2.2 billion and when they fail cost gets spread over other areas.
11
Patrick
2020 May 17, 8:13pm
Patrick
2020 May 17, 8:13pm
KgK one says
That can't be it. Lawsuits didn't even register an as any expense at all in that analysis.
The largest expense for drug companies is marketing.
Due to frivilous lawsuits pharma have to charge accordingly.
That can't be it. Lawsuits didn't even register an as any expense at all in that analysis.
The largest expense for drug companies is marketing.
12
MisdemeanorRebel
2020 May 17, 9:42pm
MisdemeanorRebel
2020 May 17, 9:42pm
Looks like Big Pharma/China/Bezo's Import Warehouse decided to go after Didier, the French Doctor promoting HCQ
13
PeopleUnited
2020 May 18, 7:31pm
PeopleUnited
2020 May 18, 7:31pm
Patrick says
Many people already get their prescriptions from places like Canada or Mexico and save money doing so. However, insurance doesn’t pay for prescriptions dispensed outside the US, which is why the vast majority of people get all their medications filled where their insurance gives them the best price. The problem is the insurance companies take a bunch of the profits for themselves, without adding any value. You are not going to reduce health care costs until you eliminate health insurance. Furthermore, in the dreamworld where a person could get online overnight delivery of their medications from a foreign pharmacy, we would have a healthcare system dependent on supply chains, shipping and foreign businesses adding unnecessary complexity to a system that would not be sustainable nor advisable considering the lessons learned in outsourcing the majority of medications and other vital manufacturing and supplies to places like China.
logic saysPeopleUnited sayso you want government to dictate prices?
No, I want a government that lets me buy my medication on line from another country. Isn't dictating where I buy my medication from just as bad as dictating prices?
This.
Many people already get their prescriptions from places like Canada or Mexico and save money doing so. However, insurance doesn’t pay for prescriptions dispensed outside the US, which is why the vast majority of people get all their medications filled where their insurance gives them the best price. The problem is the insurance companies take a bunch of the profits for themselves, without adding any value. You are not going to reduce health care costs until you eliminate health insurance. Furthermore, in the dreamworld where a person could get online overnight delivery of their medications from a foreign pharmacy, we would have a healthcare system dependent on supply chains, shipping and foreign businesses adding unnecessary complexity to a system that would not be sustainable nor advisable considering the lessons learned in outsourcing the majority of medications and other vital manufacturing and supplies to places like China.
14
just_passing_through
2020 May 18, 7:34pm
just_passing_through
2020 May 18, 7:34pm
KgK one says
This is why I don't condone forcing prices on NEW drugs (for say 20yrs) and biotech drugs/therapies... It's the old ass shit that's generic that pisses moi off.
Most drug research fail. U see maybe 10 new drug a year so rest is wasted. Cost to create new drug is 2.2 billion and when they fail cost gets spread over other areas.
This is why I don't condone forcing prices on NEW drugs (for say 20yrs) and biotech drugs/therapies... It's the old ass shit that's generic that pisses moi off.
15
just_passing_through
2020 May 18, 7:37pm
just_passing_through
2020 May 18, 7:37pm
NoCoupForYou says
This guy is the doppelganger of a british guy I worked with. He as a French last name so I teased the shit out of him for being French. In reality it's probably Norman. I don't consider them French.
Unlike this guy he's a damn good scientist as well.
Didier
This guy is the doppelganger of a british guy I worked with. He as a French last name so I teased the shit out of him for being French. In reality it's probably Norman. I don't consider them French.
Unlike this guy he's a damn good scientist as well.
Also note that pharmaceutical companies do NOT spend much money on research, only about 14% of revenue. They spend much more on MARKETING and also make more in profit than they spend on research.