Rep Chip Roy drops a nuke on socialists in congress

I like him.

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No reason Americans should be paying 2000% more for the same exact medication.

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We’re paying for the lion’s share of R&D and we’re the only ones willing to do that. Medical R&D stalls globally if we stop paying.

The only way medicine can continue to advance at its current rate and for the US to pay less is for everyone else in the world to pay more. The rest of the world has made it clear they’re not willing to do that and only want to ride in our wake - the bird up front flies the hardest.

I guess Eliza Cummings doesn't know the cost of research and development...

I wonder what democrats would think would be the result if the government said they retain complete control of all findings and rights from research they have provided grants for.

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Meh. No reason Americans should be paying 2000% more for the same exact medication.

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Thanks man..

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I wonder what democrats would think would be the result if the government said they retain complete control of all findings and rights from research they have provided grants for.

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We’d still send hundreds of millions on research at NIH while drug companies would simultaneously spend more in their research divisions. The end result being even higher drug costs.

I don’t have a problem with Katie Hill asking for them to explain their drug valuation when taking into account government funded resources. That’s a legitimate question.

Roy is right too. They’re a business that creates lifesaving drugs but they’re also a business. Instead of grandstanding on how evil these companies are for making $2,100/mo. drugs, Democrats’ questions should sound more like Cummings thinks they sound in his fantasy world. One simple question would work. “How much did you company spend to develop this drug?”

If Rep. Hill is upset regarding CEO salaries, my advice is the same to anyone who is upset over another person’s salary, find out what path they took and follow it. Maybe you can be that successful too one day.

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We’re paying for the lion’s share of R&D and we’re the only ones willing to do that. Medical R&D stalls globally if we stop paying.

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Then we should reap the benefits of that somehow. Absolutely no reason drug companies should be allowed to use Americans to subsidize drugs for the rest of the world.

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The rest of the world has made it clear they’re not willing to do that and only want to ride in our wake - the bird up front flies the hardest.

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Then the rest of the world shouldn’t have those drugs available to them until they are willing to pay what Americans pay.

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So, if there is a greater supply of money in America than, Ethiopia for instance, prices will be higher here than there for everything. Nobody complains that we are a wealthy nation, until they look at the prices we pay compared to poorer nations.

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And that is why the price should be the same everywhere. It is a product and costs XXX to produce, it should not be sold to a poor country for less because those people are poor.

Gasoline does not cost less in the west end of town.

If they cant afford it, too bad. Worms need to eat too.

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I wonder what democrats would think would be the result if the government said they retain complete control of all findings and rights from research they have provided grants for.

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The NIH should recover grant money and a fair share of the profits from something they paid to develop or contributed to. That money can then be plowed back into the next research and development. There does not appear to be a mechanism for that.

"The NIH chipped in billions in research funding

More than $100 billion in NIH funding went toward research that contributed, either directly or indirectly, to the 210 drugs approved between 2010 and 2016. That’s roughly 20 percent of NIH spending since 2000.

And of those 210 drugs, 84 were first-in-class drugs, meaning they treat disease through novel mechanisms or molecular targets. More than $64 billion in NIH funding was poured into research that ultimately contributed to the development of those drugs."

If the NIH wants return on their monies, they should not issue them as grants.

Once grant money is paid, it is no longer a government asset