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re: The room fell silent when Trump revealed why Americans pay 10X more for drugs than Europe
Posted on 7/28/25 at 9:19 pm to Placekicker
Posted on 7/28/25 at 9:19 pm to Placekicker
This is not an example of a picture is worth 1000 words
0
Posted on 7/28/25 at 9:20 pm to LSUbest
quote:
You won’t believe what you’re about to hear
quote:
Trump attributed this imbalance to a global pricing system where pharmaceutical companies offer deep discounts in foreign markets, then subsidize those discounts through high prices charged in the U.S., effectively making American consumers fund lower drug prices abroad. He noted that despite the U.S. having less than 5% of the world’s population, it generates about two-thirds of global pharmaceutical profits, calling the arrangement unfair. This system, he argued, allows other nations to "free-ride" on American pharmaceutical innovation and spending.
This has been discussed for the last 20 years.
Posted on 7/28/25 at 9:27 pm to Placekicker
So fricking do something about it
Like everything else, stop posting shite and do something for fricks sake.
Like everything else, stop posting shite and do something for fricks sake.
Posted on 7/28/25 at 9:28 pm to LSUbest
quote:
then subsidize those discounts through high prices charged in the U.S., effectively making American consumers fund lower drug prices abroad.
This has been fairly common knowledge for years.
Posted on 7/28/25 at 9:36 pm to Tchefuncte Tiger
quote:
This has been fairly common knowledge for years.
I don't think it is. I've seen more people wish for the socialist style health systems abroad than I've seen mention that it only works because American taxpayers subsidize the shite out of it.
Posted on 7/28/25 at 9:42 pm to Placekicker
K street you stock hustlers
Posted on 7/28/25 at 9:55 pm to GRTiger
quote:
I don't think it is. I've seen more people wish for the socialist style health systems abroad than I've seen mention that it only works because American taxpayers subsidize the shite out of it.
You must not have watched any Republican presidential debate since 2004 then.
Listen I’m not knocking Trump.
He’s stating a fact.
I’m knocking this Twitter influencer with the clickbait headline
Posted on 7/28/25 at 9:56 pm to GRTiger
quote:
I don't think it is. I've seen more people wish for the socialist style health systems abroad than I've seen mention that it only works because American taxpayers subsidize the shite out of it.
When Senator David Vitter tried to get a prescription drug bill passed in the Senate that mirrored Canada's, the Canadians vociferously objected to the bill. They all but admitted it was high US prescription drug prices that fueled Canada's low prescription drug prices. My late brother-in-law, a
retired Big Pharma exec, told me the same thing: High American drug prices subsidize cheap prices world-wide.
This post was edited on 7/28/25 at 9:58 pm
Posted on 7/28/25 at 10:01 pm to AlterEd
quote:
The only reason this is works is because these other countries don't allow the pharmaceutical companies to buy television advertisements and flood the market with commercials offering cures for anything and everything you can imagine.
People would reject the shite if they didn't see ads for it everywhere they looked.
The only reason they advertise is because it is a way to pay the media companies bribes.
They don't offer cures. The offer a drug that reduces the symptoms. They hide the cures.
Posted on 7/28/25 at 10:08 pm to omegaman66
easy fix..........just allow foreign pill suppliers access to the US market through mail order servicing.
Posted on 7/28/25 at 10:15 pm to LSUbest
Well that’s been verified and pointed out for decades, I think 60 minutes did a segment on it in the 80s or 90s. Every politician expressed outrage and then they fixed the system. (Jk) They didn’t do a mfering thing and people moved on
Posted on 7/28/25 at 10:20 pm to AlterEd
quote:
eugenics programs for what they are and hold these bastards accountable.
Enlighten me on the eugenics programs. Not doubting, just not familiar...
Posted on 7/28/25 at 10:21 pm to TutHillTiger
They said they needed the extra funds because of the massive cost of developing a new drug, research and development cost etc etc but like everything they say it’s a complete fricking lie.
Consumer Reports did a huge investigation into this and discovered that the US government or universities actually developed most new break through drugs and then the pharmaceutical industry bought the patent or claimed it etc and that they spent 100 times on marketing m, TV Commercials etc as they did on R and D. It’s all an lie
Consumer Reports did a huge investigation into this and discovered that the US government or universities actually developed most new break through drugs and then the pharmaceutical industry bought the patent or claimed it etc and that they spent 100 times on marketing m, TV Commercials etc as they did on R and D. It’s all an lie
Posted on 7/28/25 at 10:23 pm to SG_Geaux
quote:
Aren't we only one of two countries that allow drug companies to advertise?
If tobacco companies can’t advertise then pharmaceutical companies shouldn’t be allowed to either.
Posted on 7/28/25 at 10:55 pm to Tarps99
quote:
There are way more schemes in Medication pricing between insurance companies and pharmaceutical companies that artificially inflate prices to justify collecting a meager payment from insurance providers.
I got a call to stop by the pharmacy to pick up a prescription. At the counter, it was $1473 for 30 tablets. I said that was too much and the pharmacist said that I needed to say the magic words that he could not say anymore. I gave him a blank look and he said I must have seen advertisements for something that would save money at the pharmacy, then he gave me a couple more hints. I finally said "Good RX" and he said - That's it! $47 for the same fricking bottle of 30 tablets. He had recently been given directives to not say those words.
Posted on 7/28/25 at 11:13 pm to AlterEd
It will take a congressional act being they're the ones that allowed it.
Posted on 7/28/25 at 11:57 pm to Placekicker
I always felt that the US consumers paid the brunt of the R&D costs and the IP got 'sold" to an entity based in Ireland with low corporate tax rate. Other countries paid based on true production costs of the drug.
Posted on 7/29/25 at 12:22 am to blue_morrison
quote:
We need to quit subsidizing the rest of the world and fix our mess at home.
Two anti-American communists actually downvoted this statement.
Posted on 7/29/25 at 12:48 am to 1BIGTigerFan
quote:
He specifically said the US is paying for "socialist" medical systems in European countries.
This is the exact reason for the disparity. Pricing is set by the national health agencies, and is often tied to allowing access for new medicines. For example, if you want it approved, the price better be right. I’m not sure how they plan to address this, unless it’s to put a cap on drugs in the US. Doing this will force pharma to cut back on investment, which will then decrease access, so perhaps they’re hoping Europe will ease up a bit to offset this.
Posted on 7/29/25 at 12:59 am to CubsFanBudMan
quote:
I always felt that the US consumers paid the brunt of the R&D costs and the IP got 'sold" to an entity based in Ireland with low corporate tax rate. Other countries paid based on true production costs of the drug.
It’s not quite like this. Most IP ownership is established early in the development life cycle (this is done through transfer payments between corp entities). One of the benefits of the 2018 tax cut was that it allowed US owned IP to be competitive vs the rest of the world, so no need for financial maneuvering.
Prices are only partially related to actual production costs (except for generics). The failure rate of drugs is 80-90% from when human clinical trials start. The costs of these failures (and preclinical research costs) are offset by the pricing as well to support continued innovation. Do pharmas still make a ton of money? Yes, so everyone may need a haircut, which means pharma investors are likely to get hammered as well.
This post was edited on 7/29/25 at 1:01 am
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