The pharmaceutical industry's day of reckoning may have finally arrived.
President Trump and his administration are determined to move forward on a sweeping initiative to address the rising cost of prescription treatments and, for once, the drug lobby may be unable to block the effort. A blueprint revealed earlier this month contained a number of proposals — some more vague than others — that included allowing further private negotiation in the Medicare program and ending the drug rebate program.
Instead of a direct attack on the plan, Big Pharma hopes to craft policies that would quiet critics while avoiding potentially costly measures drugmakers have long opposed. It's planning to work behind the scenes with the White House, the Office of Management and Budget and the Department of Health and Human Services to find common ground on the final regulatory proposals.
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The price of drugs I think is kind of exaggerated. I mean people that develop drugs have a right to make a profit.But when the government offers to pay the whole price then there is no reason for drug companies not to raise the prices as much as they want. Take government out of it, and prices will go back to where they belong.
ReplyDeleteTake government out of it, and prices will go back to where they belong.
DeleteRight on.
As usual the Liberal media "poo-pooed" it as just another of Trump's grandstand it'll never work schemes.
ReplyDeleteReally.
DeleteI think that the headline is inaccurate. Big Pharma does indeed sell their products to other countries at better prices than they do within the U.S. If Trump is successful he may be able to stop this or equalize it somewhat. But this sin't (really) big pharma's fault and changing it won't necessarily hurt big pharma. It shouldn't hurt big pharma and we shouldn't want it to hurt big pharma. They might be a convenient whipping boy but you better hope that no one or nothing "hurts" big pharma. More than half of people alive today would be dead except for the products that big pharma produces. It is silly and counterproductive to want to hurt big pharma. Let's settle for equality in pricing worldwide.
ReplyDeleteIt is silly and counterproductive to want to hurt big pharma. Let's settle for equality in pricing worldwide.
DeleteVery good.