Drug prices
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wrote on 5 Aug 2020, 18:52 last edited by xenon 8 May 2020, 18:53
I was curious what he meant by this (sounds like a very Bernie thing to say).
This is from the WH website (https://www.whitehouse.gov/articles/congress-didnt-act-on-prescription-drug-prices-so-president-trump-did/)
The first order directs federally qualified health centers to pass along massive discounts on insulin and epinephrine from drug companies to low-income Americans.
The second order will allow the safe, legal importation of prescription drugs from Canada and other countries where the price for identical drugs is lower.
The third order will prohibit secret deals between drug manufacturers and pharmacy “benefit manager” middlemen, ensuring patients directly benefit from available discounts at the pharmacy counter.
The fourth order ensures the United States pays the lowest price available among economically advanced countries for Medicare Part B drugs. The United States often pays 80 percent more for these drugs than other developed nations.
What does this mean? My understanding is that drug makers price for the U.S. market (relatively lower regulation here), then "get what they can" from the rest of the world.
Is that how it works?
Doesn't this change the biz model of pharma companies (certain drugs become unprofitable)? Can you do this with executive order?
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wrote on 5 Aug 2020, 18:58 last edited by
Yes, I think he can set purchasing policies, and your assessment is essentially correct on how it works.
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wrote on 5 Aug 2020, 19:03 last edited by
I don't think I've ever seen an anti-Trump Big Pharma commercial.
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wrote on 5 Aug 2020, 19:09 last edited by
4d chess players get out ahead of those sorts of things.
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wrote on 5 Aug 2020, 20:34 last edited by
@Horace said in Drug prices:
4d chess players get out ahead of those sorts of things.
Yeah, Bobby Fischer used to go an about this kind of thing, too.
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@Horace said in Drug prices:
4d chess players get out ahead of those sorts of things.
Yeah, Bobby Fischer used to go an about this kind of thing, too.
wrote on 6 Aug 2020, 00:49 last edited by@Doctor-Phibes said in Drug prices:
@Horace said in Drug prices:
4d chess players get out ahead of those sorts of things.
Yeah, Bobby Fischer used to go an about this kind of thing, too.
Speaking of, I've noticed that the Donald often employs a similar rhetorical style.
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@Doctor-Phibes said in Drug prices:
@Horace said in Drug prices:
4d chess players get out ahead of those sorts of things.
Yeah, Bobby Fischer used to go an about this kind of thing, too.
Speaking of, I've noticed that the Donald often employs a similar rhetorical style.
wrote on 6 Aug 2020, 01:26 last edited by@Aqua-Letifer said in Drug prices:
@Doctor-Phibes said in Drug prices:
@Horace said in Drug prices:
4d chess players get out ahead of those sorts of things.
Yeah, Bobby Fischer used to go an about this kind of thing, too.
Speaking of, I've noticed that the Donald often employs a similar rhetorical style.
Post-bonkers Fischer. The pre-bonkers Fischer was a little different.
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wrote on 6 Aug 2020, 11:20 last edited by
And the bottom line is that something people have talked about for years, gets done.
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wrote on 6 Aug 2020, 15:45 last edited by
Yeah, except for the minor detail that none of them are done yet. They all would need to go through the HHS rule-making process which kicks the can past the election.
Some of the measures Trump was ridiculing as recently as 6 months ago.
Remember he campaigned on letting Medicare negotiate drug prices in 2016. After the election he had one - one! - meeting with drug lobbyists and exited parroting their line about 'we can't have government set drug prices'.
This is a cheap election ploy.
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wrote on 6 Aug 2020, 15:55 last edited by
His epic flip-flop happened within 2 weeks of inauguration. He sounded like Bernie on January 11th, taking 3% off the price of pharma stocks with a single press conference.
20 days later her walked out of a meeting with Pharma lobbyists parroting their talking points.
https://www.spglobal.com/marketintelligence/en/news-insights/trending/wjm-pvl3jchqzazlopj5tw2
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wrote on 6 Aug 2020, 16:07 last edited by
@Jolly said in Drug prices:
And the bottom line is that something people have talked about for years, gets done.
He hasn't done it, he's Tweeted about it.
Somebody here once said to ignore what they say, and look at what they do.
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Yeah, except for the minor detail that none of them are done yet. They all would need to go through the HHS rule-making process which kicks the can past the election.
Some of the measures Trump was ridiculing as recently as 6 months ago.
Remember he campaigned on letting Medicare negotiate drug prices in 2016. After the election he had one - one! - meeting with drug lobbyists and exited parroting their line about 'we can't have government set drug prices'.
This is a cheap election ploy.
wrote on 6 Aug 2020, 16:17 last edited by Jolly 8 Jun 2020, 16:18@jon-nyc said in Drug prices:
Yeah, except for the minor detail that none of them are done yet. They all would need to go through the HHS rule-making process which kicks the can past the election.
Some of the measures Trump was ridiculing as recently as 6 months ago.
Remember he campaigned on letting Medicare negotiate drug prices in 2016. After the election he had one - one! - meeting with drug lobbyists and exited parroting their line about 'we can't have government set drug prices'.
This is a cheap election ploy.
Yes, and all Democrat politicians are altruistic at heart and have never done anything political, even though it actually helped people.
GMAFB.
Again, tell me why Obama didn't do this?
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@Jolly said in Drug prices:
And the bottom line is that something people have talked about for years, gets done.
He hasn't done it, he's Tweeted about it.
Somebody here once said to ignore what they say, and look at what they do.
wrote on 6 Aug 2020, 16:20 last edited by Jolly 8 Jun 2020, 16:20@Doctor-Phibes said in Drug prices:
@Jolly said in Drug prices:
And the bottom line is that something people have talked about for years, gets done.
He hasn't done it, he's Tweeted about it.
Somebody here once said to ignore what they say, and look at what they do.
Yep. And I've also said some people are all hat and no cattle. Some people can effect no change at all, even if they try. Yet, they can constantly belittle people who are actually trying to accomplish something.
Know anybody like that?
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wrote on 6 Aug 2020, 20:08 last edited by
IOW, he didn't get it done.