Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#31
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who may not understand all the implications. I really wonder about that when I see adds for drugs like Humira or Eliquis. Access Denied
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Terry Always be humble and kind. Last edited by TSO/ISPF; 09-12-2021 at 08:35 AM. Reason: added info |
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#32
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No one can "lower drug prices". But it is possible to change who pays the most and the least. I have an idea, let's require drug companies to sell to US consumers at their lowest world wide price. So if a drug is $1 a dose in Canada, that's what they have to sell it for here. Of course, someone else has already thought of that and tried...
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It's all downhill from here! |
#33
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The pharmaceutical industry's argument against allowing negotiation is that lower prices will lead to less research and development and therefore fewer breakthrough, life saving drugs.
The truth is that we Americans are paying for the full cost of R&D and most other countries are only paying the marginal costs of actually producing the drug. The best and simplest answer is for the US to allow re importation of medications creating a "world price" and spreading R&D costs to all customers. |
#34
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OrangeBlossomBaby, Insurance companies are not restricting importation of drugs, the FDA does not allow it. Last edited by skyking; 09-12-2021 at 08:46 AM. |
#35
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Terry Always be humble and kind. |
#36
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Ohiobuckeye
Guess we’ll just have to suck it up, 🤪!
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#37
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#38
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I remember a few years ago when the price of generic Doxycycline went up from $20 a month to $260. In a week. Is that because it got more expensive to produce? No, it’s because there had been several generic drug companies making it, but when some stopped, the sole remaining maker took advantage of us by raising the prices. If the drugs are only 1/3 the price in Canada, that’s because that is the nationwide price negotiated by the Canadian government. It’s not being sold for less than the cost of making it or less than a healthy profit margin. If our legislators on both sides of the aisle refuse to do the same for us because they have been purchased by Big Pharma, they are giving a giant middle finger to all voters. They are saying, “We don’t care if you are paying $1300 a month for this medication that costs $100 to make. You don’t really matter to us. Our job is to keep drug companies happy.” As for hospitals and pharmacies, remember that they mark up the price of drugs they sell. A 20% markup on a drug costing us $100 a month makes them $20 profit, while if it costs $10 a month, they make only $2. So of course they want the cost high, whether or not they admit it. Their profits are more important to them than your pockets. Remember, this proposal came from President Trump a couple years ago, and President Biden is simply carrying on the good fight that couldn’t be won in a year. We should ALL get on board and pressure Congress to put WE THE PEOPLE above the drug companies. Like most pharmacies, Medicare has a “formulary” of drugs approved because they work well and don’t cost much. They urge that these be prescribed and prefer that doctors not prescribe drugs that cost much more but don’t work any better. For example, my blood pressure is normal because I take two generic drugs that together cost about $5 a month. If I insisted on taking the latest blood pressure med advertised on TV that costs $500 a month (maybe with a big co-payment I have to pay), maybe my doctor will prescribe it after telling me it’s a waste of money for me, but my blood pressure will still be normal. So yes, maybe Medicare will point you toward cheaper drugs that work just as well. That saves you money and saves all of us money as we pay for the cost of health insurance. So don’t be swayed by the arguments of drug companies. They only care for your money, not for you. |
#39
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Makes perfect sense to me. Prior admins (all of them) rolled over to pressure from industry vs pressure from the general population - big talk, no action, then "gee, I tried" is the usual pattern. We (the people) need to keep a closer eye on this attempt and make sure the politicians know that big pharma is not their client, we are. I am modestly hopeful this time, but not holding my breath.
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#40
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Years ago the owner of a pharmacy that was delivering oxygen to my father said that he would sell it at a lower price but Medicare set the price (much higher) he had to sell it for.
My assumption is higher prices in the US do help fund research but why should a citizen in the US have to pay more than a citizen in another country? And that foreign country citizen could have better financial resources the US citizen. I did have contracts with the US government and they required that I sold to them at the lowest price I offered to all customers. |
#41
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Big Pharma
I won't trust anything Big Pharma says. They are only interested in ripping us off for medicines that we need to stay safe and exist.
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#42
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Yes allow medicare to negotiate drug prices!
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#43
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😂😂😂😂😂
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#44
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VA and DoD have the ability, and do, negotiate bulk drug prices.
No idea why Medicare does not have this authority, but they should |
#45
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See Post No. 21 and No. 45
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Closed Thread |
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