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Started By
Message
re: Cost Of Life-Saving EpiPen Injectors Soars To $700 A Set
Posted on 8/22/16 at 1:00 pm to yoga girl
Posted on 8/22/16 at 1:00 pm to yoga girl
quote:
A price control doesn't tell a business what it can or can't sell. It keeps that business from price gouging.
A price control by definition tells what a business what it can and can't sell its product for
So, your solution is to allow government to rescue us from the problem that government helped create, hoping that that government this time around isn't subject to the cronyism that helped caused the problem in the first place?
In the words of the Dread Pirate Roberts: "clearly, you have a dizzying intellect. "
0
Posted on 8/22/16 at 1:00 pm to Darth_Vader
The article confuses me.
They say the meds have gone up, but they state one of the reasons for the price increase are those changing to a high deductible plan so they have to carry more of the cost.
They say the meds have gone up, but they state one of the reasons for the price increase are those changing to a high deductible plan so they have to carry more of the cost.
Posted on 8/22/16 at 1:01 pm to yoga girl
quote:
I have way more trust in President Obama than I would congress.
I trust a real, free market far more than the President.
Posted on 8/22/16 at 1:02 pm to RogerTheShrubber
quote:
How do you know increased competition wouldn't drive the price down to about $20 a dose?
There are ways to handle it, more competition won't work in the pharmacy industry.
Let them charge $800 a dose but make the company put the extra money into high paying blue collar jobs rather than in the pockets of their wealthy stockholders.
Price controls is option 2.
Posted on 8/22/16 at 1:02 pm to Volvagia
Yeah, we just got a refill for my daughter and our copay was $20.
Posted on 8/22/16 at 1:02 pm to yoga girl
quote:
This has ZERO to do with "r and d." If "r and d" costs were an issue, they would have charged more at the onset then reduced the price as they recovered their r and d investment. This went in reverse, so it definitely and undeniably and unequivocally was "lets see how much we can force people to pay."
Nah, you're missing the point. The ability to generate absurd margins is the driving force. Recouping their investment in R&D is the bare minimum. If they can charge more, they will. If you remove that ability with price controls you will see future R&D plummet.
Posted on 8/22/16 at 1:03 pm to yoga girl
quote:
I have way more trust in President Obama than I would congress.
OK... but... would have way more trust in President Bush? Or President Trump? Or President Cruz?
Because once you let that power take hold, you ain't taking it back - no matter who the successor is.
Posted on 8/22/16 at 1:03 pm to RogerTheShrubber
quote:
I trust a real, free market far more than the President.
If we could start all over, yes. But in the present situation, the current President is way more trustworthy.
Our current market is controlled by manipulative, uber wealthy market manipulators.
Posted on 8/22/16 at 1:04 pm to Darth_Vader
quote:
Forbes estimates the cost of the actual medicine is about $1 per dosage.
good return right there
Posted on 8/22/16 at 1:05 pm to yoga girl
quote:
Our current market is controlled by manipulative, uber wealthy market manipulators.
AKA government. You just can't see that we don't have a free market, we have protectionism.
Why do you dislike poor people?
Posted on 8/22/16 at 1:05 pm to yoga girl
(no message)
This post was edited on 8/22/16 at 1:06 pm
Posted on 8/22/16 at 1:05 pm to yoga girl
quote:
If we could start all over, yes. But in the present situation, the current President is way more trustworthy.
Our current market is controlled by manipulative, uber wealthy market manipulators.
Oh the irony.
Posted on 8/22/16 at 1:06 pm to yoga girl
quote:
There are ways to handle it, more competition won't work in the pharmacy industry.
What are the mystical powers of the industry that doesn't allow the forces of supply, demand and competition to work as it does in every other industry?
Posted on 8/22/16 at 1:06 pm to RogerTheShrubber
quote:
Why do you dislike poor people?
I'm clearly the defender of the working poor here.
I want everyone who works to make a living wage.
I don't like the obscene profits Wall St. giants are making now.
Posted on 8/22/16 at 1:07 pm to GoCrazyAuburn
quote:
Oh the irony.
Care to explain (I don't get it)
Posted on 8/22/16 at 1:07 pm to yoga girl
quote:
Let them charge $800 a dose but make the company put the extra money into high paying blue collar jobs rather than in the pockets of their wealthy stockholders.
Less than 15% of Mylan is owned by insiders or 5% owners. You probably own some in your T. Rowe Price Value Fund or your Vanguard Total Stock Market Index Fund.
quote:
Price controls is option 2.
No, no it is not. Opening up the door for competition is the only solution.
Posted on 8/22/16 at 1:08 pm to slackster
quote:
If you remove that ability with price controls you will see future R&D plummet.
Let's say pharmacy company A spends $100 million on R&D and currently has a return of $160 million.
If price controls reduced that return to $140 million... you are telling me the company would not still spend $100 million?
Remember in this world you have to spend money to make money, so if they spent less than $100 million on R&D, their new return would be less than $140 million.
Posted on 8/22/16 at 1:08 pm to Topwater Trout
That's the annoying thing about the "at cost" claims.
The same is true of literally everything.
Your 700 dollar smart phone is probably being made "at cost" of around 200
The same is true of literally everything.
Your 700 dollar smart phone is probably being made "at cost" of around 200
Posted on 8/22/16 at 1:08 pm to yoga girl
quote:
Why do you dislike poor people?
I'm clearly the defender of the working poor here.
Not if you want protectionism and price controls.
If you cared about the poor, you would want government to remove barriers to markets and allow competition to do what it does naturally, lower prices to be more affordable.
Posted on 8/22/16 at 1:09 pm to RogerTheShrubber
Wasn't there an actual example of competition working in the pharmaceutical industry a while back? Some tool bought a company and jacked the price of this like $5 thing to a couple thousand. Competitor offered it cheap and almost put them out of business?
Some tool bought a company and jacked the price of this like $5 thing to a couple thousand. Competitor offered it cheap and almost put them out of business?
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