Drug prices

Posted by: jgw

Drug prices - 06/29/20 08:42 PM

https://outline.com/fy7Zaf
https://americansfortaxfairness.org/files/ATF-Gilead-Report-Finalv3-for-Web.pdf
https://www.politico.com/news/2020/06/29/gilead-price-coronavirus-treatment-hhs-344200
Posted by: pondering_it_all

Re: Drug prices - 07/02/20 09:42 PM

As far as miracle drug prices go, that's a pittance. Of course, it looks like remdesivir is not a miracle drug, either. A number of other drugs work a lot better. Even just putting patients on their bellies works a lot better.

I bet most of that remdesivir ends up right next to all the hydroxychloroquine in the warehouse, that the government bought. But I have to credit Gilead for trying to develop it for ebola, even though most ebola victims could never afford to pay $3000 for it.
Posted by: Greger

Re: Drug prices - 07/02/20 10:09 PM

The US Government has bought every dose of Remdesivir. Probably for the $3200 list price. (just a headline I saw...I got no link)
Posted by: jgw

Re: Drug prices - 07/03/20 07:44 PM

My point was that WE, with our taxes, helped to develop this stuff and then we get charged too. This is our sad story. Our universities discover and develop and then the drug companies make all the money. this is how its always been, one would think, er, well, then it stays the same. Money, I guess, DOES talk?
Posted by: pondering_it_all

Re: Drug prices - 07/03/20 08:02 PM

Funny thing is that we think of American drug companies as fine chemical and biological production facilities where they spend all that money to make the best drugs in the world.

NOPE! Just about all drug production is in India. The same facility that makes a drug for Big Pharma to sell for $30 per pill, sells the very same pill in their own country for 30 cents per pill. Which of course means they charge the American drug company even less than 30 cents per pill, and Medicare or insurance companies drain a huge percentage of their funding into Big Pharma.

Easy to fix: Just pass a law that drug companies are only allowed to have a 1000% markup. I remember back in the 60's when I knew several "unofficial" drug distributors. They made about a 100% markup. Apparently they were in the wrong business!
Posted by: jgw

Re: Drug prices - 07/04/20 05:22 PM

Basically, just about every other industrialized nation in the world controls their drug suppliers. What we are doing is simply insane and should not be happening. This is just yet another example of greed buying our congress with impunity because so many of those who we vote into power are seriously greedy. A really good example of that is Do Nothing Mitch (https://www.youtube.com/watch?v=uXgCyKmunXM)

We keep voting these people into power and we keep on getting well and truly screwed. Just another thing that makes absolutely no sense, and another reason for the rest of the world to consider us dangerously insane.
Posted by: Greger

Re: Drug prices - 07/04/20 07:54 PM

Civilization has not yet reached the New World.

Every time this comes before congress Big Pharma's money wins.

Big money always wins. Voters be damned.
Posted by: jgw

Re: Drug prices - 07/05/20 07:01 PM

Yep, AND its the fault of the American Voting Public and not the greed of them elected. I think there used to be a group that rated politicians regardless of party affiliation. I couldn't find such so, I guess, it just went away. The closest is Open Secrets but that just reports on who is getting what from who and what, not what they have done in response to the money.

Guess we need a different group to do that, which, would be a good thing, I think. If anybody actually gave a damn and I sure as hell am not putting a dime in that one as its just not gonna happen. We are, in other words, as a whole; fat, happy, disinterested, and just going down the road doing the best we can as long as its effortless and not too offensive.
Posted by: Greger

Re: Drug prices - 07/05/20 08:35 PM

Quote:
fat, happy, disinterested, and just going down the road doing the best we can as long as its effortless and not too offensive.


You say that like it's a bad thing.

Quote:
it's the fault of the American Voting Public and not the greed of them elected


You're blaming the victim here...and giving the fatcats a free pass?
Posted by: jgw

Re: Drug prices - 07/06/20 06:45 PM

I am blaming the victims! As a matter of fact I also believe that they are well aware that they are victims and seem to be comfortable with it.

The only explanation that makes any sense. Either that or we are all insane!

I thought I would add a little story to explain. Across the street from me is a large construction job going on. I overlook that. On that side of the street the sidewalk is blocked off and they also park cars, trucks, etc. on that side of the street. So, when people are walking down the street, on the sidewalk, they hit a fence which blocks off the sidewalk. This means that one side of the street has a sidewalk and the other does not. To get to the sidewalk you have to just cross the street. I was just looking down at the street and noticed a man not only walking on the street with no sidewalk but in the middle of that street. The street is a busy one with lots of cars going down the street where the guy is walking. Instead of just crossing the street he yelled at the cars legally going down the street which he was forcing into oncoming traffic on the other side. I have seen whole families doing this, single mothers with kids, kids, and all the rest walking in the middle of a busy street rather than crossing to the side with the sidewalk. When I say something to my wife she tells me I should shut up about it as its not my problem. Today to told her that they are all idiots and they will probably vote for Trump and THEN she will care.

I can go on and on about idiots that I have watched, over the years, a lot of people do incredibly stupid things. So, when I blame whatever on the American voting public I think I have a case. I think, perhaps, that you think that victims are helpless and taken advantage of. I am sure there are some that are. I am equally sure that there are a pile of idiots out there without a clue and, as far as I am concerned mentally unhinged.

Just saying...........
Posted by: pondering_it_all

Re: Drug prices - 07/06/20 07:07 PM

In this case, the victims generally don't pay the full price for the drugs. Insurance companies, MediCare, etc. pay most of the cost, and us victims just don't make the connection that we all pay for insurance, MediCare, etc. But of course, in some ways it's true that everybody else pays for >95% of your expensive drug.

So Big Pharma has the perfect scam: They can charge any price they like, and the people paying are far removed from the person getting the drug. If MediCare goes broke, this will be a big part of that.
Posted by: jgw

Re: Drug prices - 07/06/20 07:12 PM

AND they just keep on voting for the very people who are responsible for what you are talking about. They have, I am sure, been told but just keep on doing it anyway. You may, or may not, be one who does but that makes no difference, there are enough of them to keep the greedy in office and, my friend, remains a fact of American politics.
Posted by: Greger

Re: Drug prices - 07/06/20 09:31 PM

Quote:
AND they just keep on voting for the very people who are responsible for what you are talking about.


Why is that happening, do you suppose?

Why do the brainwashed masses vote the way they do?
Posted by: logtroll

Re: Drug prices - 07/06/20 10:36 PM

Originally Posted By: Greger
Why do the brainwashed masses vote the way they do?

Just one of the drawbacks to clean brains, I reckon. Maybe too much Clorox in the brain wash?
Posted by: jgw

Re: Drug prices - 07/07/20 05:29 PM

the latest revelation about the distribution of sba small loans went might help dullards get the message?
https://outline.com/FH8SfA