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re: Here is who RFKJr is fighting against

Posted on 1/29/25 at 8:48 pm to
Posted by dafif
Member since Jan 2019
8401 posts
Posted on 1/29/25 at 8:48 pm to
quote:

One point from my understanding. Introduction of generic branded drugs has inflated cost of other pharmaceuticals. Companies are investing millions in R&D with no guarantee


I sincerely do not know the answer but in all my years I have yet to hear of any "wonder drug" through this research and development

Have we got miracle stuff other countries don't have?
Posted by Bjorn Cyborg
Member since Sep 2016
35477 posts
Posted on 1/29/25 at 8:51 pm to
quote:

It's ridiculously stupid but health insurance did not have a trillion dollar profit margin.


Revenue, not profit margin
Posted by Arktigers
Member since Sep 2022
964 posts
Posted on 1/29/25 at 8:52 pm to
I have nothing against generics, just providing my 2 cents from my experience. Patents I believe are 7 years unless you file again for a meaningful change to the original. Once patent expires it’s public domain I believe. Companies could choose to release a new version at higher price if patent hasn’t expired.
Posted by Penrod
Member since Jan 2011
55298 posts
Posted on 1/29/25 at 9:15 pm to
quote:

I still knew that they were evil and had extremely little sympathy for the UnitedHealth CEO that was killed,

Who is they? The owners? Because that is you and me, pal. Look into your 401K portfolio. And if it’s not you, then who is evil?
Posted by Nikki_T
Restoring a Datsun 280Z
Member since Feb 2021
746 posts
Posted on 1/29/25 at 9:23 pm to
quote:

Here is who RFKJr is fighting against



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Posted by Brisketeer
Texas
Member since Aug 2013
1684 posts
Posted on 1/29/25 at 11:52 pm to
quote:

Introduction of generic branded drugs has inflated cost of other pharmaceuticals


Generic drugs and branded drugs are different things. However, assuming you mean just generic, please help me understand this comment.
Posted by bluestem75
Dallas, TX
Member since Oct 2007
5102 posts
Posted on 2/3/25 at 10:48 am to
quote:

Fraud and mistakes aren’t driving up healthcare costs in any significant fashion.




That’s just naive, my friend.

Whenever my mom has a UTI, she gets loopy. We take her to the ER and they order an MRI. Every. Single. Time. They order it before doing the cheaper UTI test “just to rule it out.” We’re telling them she gets like this when she has a UTI, but do they listen to us and run the cheaper test first? Nope.

Why does the hospital do it? Because my folks walk in with their Tricare coverage, and they see $$$$; they know Tricare will pay for whatever test they order even if it’s unnecessary.

And MRIs ain’t cheap.

You might also want to ask yourself why a Tylenol costs 30x as much at the hospital than it does off the shelf at CVS before asserting that providers don’t drive up the cost of healthcare.

It’s not insurance setting those prices. The hospital does. Insurance actually negotiates that cost down when writing the network contract with the hospital.

Don’t believe me? Fine. Look at your claim for your next doctor’s visit. Look at the column for what the doctor actually wants to charge for your visit. Then look at how much your plan reduces that cost. It’s mind boggling how much doctors actually want to charge for services.
This post was edited on 2/3/25 at 10:57 am
Posted by Timeoday
Easter Island
Member since Aug 2020
22699 posts
Posted on 2/3/25 at 11:09 am to
quote:

Net? Nah!


Can you imagine if they were not so profitable how low our premiums would be? Can you imagine if they were not so profitable how easy it might be to get the surgery or care the doctor says you need?

Insurance is a scam, especially health insurance.
Posted by Big Scrub TX
Member since Dec 2013
39812 posts
Posted on 2/3/25 at 11:20 am to
quote:

Yep , that’s a good number
$1T net? no
Posted by bluestem75
Dallas, TX
Member since Oct 2007
5102 posts
Posted on 2/3/25 at 11:33 am to
quote:

Insurance is a scam, especially health insurance.


You’ve obviously never had to actually use it.

My insurance has paid for:

My car when the engine crapped out at 70000 miles. Cut me a $12k check.

I got $1k from a car insurance company when their driver T-boned us and I had to go to the hospital for a sprained/jammed finger. They paid for the hospital bill, too.

Our entire kitchen remodel less our deductible and appliances was paid for by our home insurance. Our dishwasher leaked and ruined one set of custom cabinets. The water also leaked under a few of the tiles, so the flooring got replaced too.

My umbilical hernia surgery was covered at 100% because I had met my OOP for the year.

I use copay assistance coupons for my medications. I meet my OOP in March every year. I pretty much pay my premiums every year and that’s all my healthcare costs me.

Virtual visits are covered at 100% on my plan, so I use them often. My Plan covers psychotherapy visits at 100%, too. They give me $800 back every year if I take a quiz, get some blood drawn, and participate in a wellness program. I get a $200 reward for having an annual physical.

Learning how insurance works and taking advantage of extra programs and services my plans offer has saved me a ton of money.
This post was edited on 2/3/25 at 11:37 am
Posted by LSUA 75
Colfax,La.
Member since Jan 2019
4923 posts
Posted on 2/3/25 at 12:44 pm to
“Companies are investing millions in R&D with no guarantee “.

They spend billions on R&D but 7 out of 10 drug companies spend billions more on marketing Ex- 2021,J&J spent 12 billion on R&D,22 billion on sales and marketing.
Bayer spent 8 billion on R&D,18 billion on sales and marketing.

That’s a tired old argument drug companies come up with ,gives credence to the old adage that if you repeat a lie enough times it becomes the truth.
Another issue not well publicized is that universities develop quite a few drugs,37% of cancer drugs.
NIH gives them grants,if they are successful they enter into a licensing agreement with a drug company which pays them royalties.

In other words taxpayers finance development of these drugs then Americans get hosed paying for drugs the taxpayers paid to have developed
Americans pay 2-4 times what citizens in other countries pay.

Molnuprivar was developed by Emory University to treat Venezuelan Equine Encephalitis(Wikipedia says it was developed to treat influenza,not true)
Anyway it was marketed by Merck,, Biden administration spent $2.2 billion for 3.1 million courses and distributed under EUA to pharmacies all over the country.
Studies done after the fact on 112,460 pts (21,056 received molnuprivar ,92,404 recv’d placebos.There were no significant difference in outcomes berween the 2 groups.

Lot of people made a lot of money so I guess it was all good.
Posted by LSUfan20005
Member since Sep 2012
9222 posts
Posted on 2/3/25 at 12:55 pm to
quote:

And MRIs ain’t cheap.


And this is a problem. Every insured American should be able to get a preventative MRI every few years if we really cared about getting ahead of shite.

With the appropriate demand and incentives, this could be a reality. Open up the market and people can innovate a smaller, less costly alternative.

Signed: Family member had a stroke and had to wait crazy long before the MRI opened up. Other family members waited weeks for an MRI while in debilitating pain for diagnosis.
This post was edited on 2/3/25 at 12:56 pm
Posted by Crow Pie
Neuro ICU - Tulane Med Center
Member since Feb 2010
27746 posts
Posted on 2/3/25 at 1:25 pm to
quote:

Fraud and mistakes aren’t driving up healthcare costs in any significant fashion.
Malpractice insurance needed by Doctors/Hospital etc to protect them from lawsuits definitely drive up healthcare cost. The reason the doctor need the insurance is to protect them when they make mistakes or from the all to common lawsuit from the OAI (overzealous attorney industry)
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