Pharma acted within a free market. Now Trump wants price controls… which I’m fine with. Just not sure why conservatives are good with it?
Just kidding I know why
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Those things have evolved comrade. Populism is the new conservatism.
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I don’t understand why that needed an EO, just like I don’t understand the need for Trump’s EO.
It’s a good thing so you know leftist liberals are going to say it’s another stupid & evil thing “king” Trump is doing.
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Yeah. Check the thread. No one is saying that.
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I think it’s great.
I also remember the current White House Chief of Staff telling everyone price controls are communist. Does that mean the President is a communist?
No just the opposite.
Gov’t insurance covers 38% of the population. (and non-profit insurance anther 12-18%).
Gov’t and non-profits run over 75% of the hospitals and numerous healthcare clinics.
Trying to reduce their expenses is about less government.
Moreover, ever since Obamacare, many employers are not allowed to employ someone unless they pay whatever it takes for to insure them and their families (including these drugs.) And you can’t go into buiness for yourself unless you do that.
Reducing drug costs help reduce the size of that gigantic super-expensive boondoggle.
Then again, you knew these things.
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So price control is not communist?
It’s something.
I said cost-cutting reduces government.
Yur false equation are painfuly stupid.
Not at all witty as you seem think.
Are you high?
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He’s got a point in that it’s not free-market capitalism. Which is fine but people used to be really stuck on that point.
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Chukcle cjcukle ,
I just called cost cutting “price control”
Snort giggle, I must look really smart and now I really have them in a corner.
I said I think it’s great.
I said Stephen Miller told us price controls are communist.
The President signed an EO demanding price controls on pharmaceuticals.
Is the President a communist?
What is difficult to follow?
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What price control?
Well, I guess because it would be limited to the price of the most favored nation.
Of course, in order to cover expenses and make a profit, the drug companies will have to refuse to sell to a country that doesn’t cover their share of the drug cost. Drug companies couldnt afford to give drugs away below cost to the whole US market.
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The way I see it, there is no price control…they just can’t pick winners and losers. They have to treat every nation the same. So no price control, they can charge whatever they want.
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I guess it means they have to agree to a price everywhere all at once. No more X pays a low price and Y has to pay twice as much to make up for the deal we gave X.
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Most other countries have price controls in place. The US has never had that before so pharma screwed over the US.
Last year Eli Lilly had a $40billion profit, so maybe they and others will just have to accept profits of a couple billion less which still leaves plenty of money for R&D and shareholders.
This has been a long time coming so good on Trump, though I have to smile at some of the comments from cons who previously in these discussions were adamantly against price controls. But its all good if Americans finally get to a point where its not an option between getting a prescription or paying a bill.
Examples of price controls:
- Rent Control
- Minimum Wage
Executive Order:
“The Secretary of Health and Human Services will establish a mechanism through which American patients can buy their drugs directly from manufacturers who sell to Americans at a ‘Most-Favored-Nation’ price, bypassing middlemen,” the White House added. “If drug manufacturers fail to offer most-favored-nation pricing, the Order directs the Secretary of Health and Human Services to: (1) propose rules that impose most-favored-nation pricing; and (2) take other aggressive measures to significantly reduce the cost of prescription drugs to the American consumer and end anticompetitive practices.”
I’m missing where this is price control.
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free market? Laughable. There has not been a free market in medicine since the government intruded in it back in the 60’s and its only gotten less free since then. Government broke our medical services and insurance system,
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