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Started By
Message
re: President* Biden: Third, we’re going to end the days where drug companies could increase..
Posted on 12/6/21 at 4:38 pm to Seldom Seen
Posted on 12/6/21 at 4:38 pm to Seldom Seen
quote:
Going forward, those that increase their prices faster than inflation will face a steep excise tax.
Translation: "Going forward, we will make drug prices increase EVEN MORE by taxing them further."
0
Posted on 12/6/21 at 4:44 pm to Chucktown_Badger
Big Pharma isn’t capitalism.
You not been paying attention for the last 18 years?
You not been paying attention for the last 18 years?
Posted on 12/6/21 at 4:56 pm to the808bass
quote:
Big Pharma isn’t capitalism.
You not been paying attention for the last 18 years?
Why isn't it capitalism?
And what other industries do you want the govt setting prices?
This post was edited on 12/6/21 at 4:57 pm
Posted on 12/6/21 at 5:19 pm to Seldom Seen
quote:It's honestly not even possible for liberals to more economically stupid than they are.
Third, we’re going to end the days where drug companies could increase their prices with no oversight. Going forward, those that increase their prices faster than inflation will face a steep excise tax.
They're the absolute gold standard of economic idiocy.
Posted on 12/6/21 at 5:55 pm to RTRinTampa
It’s not right to call dead people stupid.
Posted on 12/6/21 at 6:26 pm to yakn2ya
Most are brain dead but I get your point.
Posted on 12/6/21 at 6:47 pm to Seldom Seen
This is such a crock. Let's start with the billions they are making off US Govt during a pandemic.
The govt gave them an order for a billion or so vaccines and gave them liability protection. At the very least it should have been a pass through cost with a very small markup percentage. Like 1% or so.
The govt gave them an order for a billion or so vaccines and gave them liability protection. At the very least it should have been a pass through cost with a very small markup percentage. Like 1% or so.
Posted on 12/6/21 at 6:58 pm to Seldom Seen
I’m just thankful these aren’t mean tweets LOL!!!
#FJB
#FJB
Posted on 12/6/21 at 7:32 pm to the808bass
If the only reason for the increase is so that cocksuckers like Martin Skhreli can recoup their outlay for purchasing the company to pay back other Wall Street cocksuckers . I might be amenable to it
Posted on 12/6/21 at 8:34 pm to KiwiHead
The consumers are paying the excise tax. 
Posted on 12/6/21 at 9:35 pm to Chucktown_Badger
quote:
Why isn't it capitalism?
So you haven’t been paying attention.
It’s a highly regulated market where market access depends on the levers of control of the government via the FDA. Furthermore, once you get to market, probably 30% of the purchasing is done by some combination of Medicare, Medicaid and the VA.
Those products that are purchased by private healthcare are highly regulated by the government both in manner they can be made and how they can be marketed and can only be dispensed by a pharmacist who is highly regulated after being prescribed by a doctor who is highly regulated. .
It’s kind of the opposite of capitalism.
I don’t want the government setting the prices in any industry. I’m not going to cry for Big Pharma. I hope they get fricked up the arse. Literally.
Posted on 12/6/21 at 10:01 pm to AubieinNC2009
quote:
Dude relax, you dont have to post every Biden tweet. Also, you could combine all this into one post.
No offense, but I appreciate Seldom Seen’s exposing the bullshite as well as pablum that passes for Presidential acumen.
This post was edited on 12/6/21 at 10:35 pm
Posted on 12/6/21 at 10:40 pm to Pepperoni
What Brandon did today is simple smoke to cover his arse for the mandating of covid jabs that really generated years amount of profit for big Pharma that has to be reported for this year.
Posted on 12/6/21 at 10:49 pm to Seldom Seen
That's genius..
So they will raise prices enough to cover the excise tax too. Big Pharma gets more cash, the gov gets their cut, we pay for all of it and Creepy Joe gets to pander to fools that believe him.
The gov/corporate symbiosis on display.
Hail Hydra.
So they will raise prices enough to cover the excise tax too. Big Pharma gets more cash, the gov gets their cut, we pay for all of it and Creepy Joe gets to pander to fools that believe him.
The gov/corporate symbiosis on display.
Hail Hydra.
Posted on 12/7/21 at 4:46 am to Seldom Seen
Well, this one way to make sure to try and increase supply. Raising prices of a good
Posted on 12/7/21 at 6:52 am to the808bass
quote:
frick Big Pharma.
"Big Pharma" pays for all of the expensive drug research (both successful and not) that ends up providing the world with a better life. As with Trump, encouraging competition while allowing for healthy capitalism will not destroy the pharmaceutical industry while keeping them engaged for profits.
Posted on 12/7/21 at 4:43 pm to Chucktown_Badger
quote:
So you guys are free market capitalists only "most of the time"?
Complaining about a sector <> demanding the gov't shut them down
Posted on 12/7/21 at 4:59 pm to AUauditor
quote:
"Big Pharma" pays for all of the expensive drug research (both successful and not) that ends up providing the world with a better life.
No. It doesn’t.
Posted on 12/7/21 at 5:13 pm to the808bass
quote:
Estimates of Total R&D Costs. Three recent studies have estimated the average R&D cost per new drug. They all measure R&D costs the same way: They add up all of the R&D spending by each company in their sample—not only its spending on the sampled new drug but the company’s spending on other drugs that were being developed at the same time but that did not reach the market. The studies also all apply a cost-of-capital adjustment to each company’s R&D spending to reflect the lag between investment and return on investment.22 Despite their methodological similarities, the studies’ estimates range from $0.8 billion to $2.3 billion of R&D spending per new drug.
quote:
Results: Only 4 of the individual drugs appear to have been almost completely researched and developed by one sector. One sector or the other, however, did dominate particular phases of the R&D continuum. For example, 54% of basic science milestones were achieved predominantly by the public sector and 27% by the private sector. For discovery milestones, it was 15% by the public sector and 58% by the private sector. The private sector was also dominant in achieving the major milestones for both the production and drug development phases (81% and 73% of the drugs reviewed, respectively). For 19% to 27% of the case histories for the various categories, dominance of one sector versus the other could not be determined. On the question of replacing industry's spending on the R&D of medicines, we estimate quite conservatively that the amount that would have to be spent by government would be nearly double the budget of the National Institutes of Health just to maintain the flow of the most innovative drug approvals and would have to increase nearly 2.5 times that level to maintain the development of all new drugs.
Conclusions: Our analysis indicates that industry's contributions to the R&D of innovative drugs go beyond development and marketing and include basic and applied science, discovery technologies, and manufacturing protocols, and that without private investment in the applied sciences there would be no return on public investment in basic science.
Yes, it does.
This post was edited on 12/7/21 at 5:15 pm
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