Saturday, August 27, 2016

Reasons For High Prescription Drug Prices

The Los Angeles Daily News explains why U.S. prescription drug prices remain so high:

"The “most important factor” that drives prescription drug prices higher in the United States than anywhere else in the world is the existence of government-protected “monopoly” rights for drug manufacturers, researchers at Harvard Medical School said this week."

There we go with government created, and enforced, monopolies again.


At 10:32 AM, Anonymous Anonymous said...

Those rights encourage new drug development. Without those rules in place, someone could come in and make a knock off right after something hits the market.

At 10:38 AM, Anonymous Anonymous said...

Good. To profit from the ills of others, is morally wrong.

Food and medicine should always be affordable and never taxed.

At 10:52 AM, Blogger Sally Sheffield said...

What a shame that helping sick people get well or feel better is linked to money and greed. Why do the patents have to last 20 years? That's too long.I would think they could make enough to encourage research and development from a 5 year patent! Fred, thanks for the Nautilus site. A few minutes ago they were collecting samples with a robotic vacuum arm. The audio is loud and clear today.

At 11:05 AM, Anonymous Anonymous said...

Yeah, corporate greed has ab-so-lute-lee nothing to do with it. Nope. Uh uh. It's all the gummit's fault.
Except that the gummit does negotiate lower prices fro drugs in the VA health care system. But that doesn't count.
It's all Obama's fault.

Try this on for size about the latest corporate price gouge and the real reasons behind it.

At 11:43 AM, Blogger Rick Wentworth said...

always used to be high prices after a new drug was approved and high price paid for R&D of new drug . but over time price always came down as more people used it . but now greed takes over and only those lucky enough to have prescription coverage like i have can afford to stay healthier .
it suks big nards though when greed is cause the gov says its ok the skewer sick people

At 5:36 PM, Anonymous Anonymous said...

Ever hear of PDUFA? Prescription Drug User Fee Act 1992. Pharma-suits pay the FDA to review their drugs. I'll bet most schleps think the government funds the FDA and that keeps the FDA uncontaminated by a too cozy arrangement with big pharm. Well, schleps, it doesn't. Big Pharm pays the FDA - hopefully, for favorable review and status. So far, big pharm is happy.

Plus, the ability to lobby congress( bathing congress in green showers)makes independent oversight even less likely.
So, when someone like Fred, for example, who is favorable to the Citizens United SCOTUS decision, i.e. money = free speech, it is even less than less likely that anyone in the FDA regulatory section is going to give two sheets as to what drug pricings for the common citizen is. I don't believe it's even their regulatory concern.
Then who's concern is it?
Under this arrangement beats me, but I would think that congress should have something to do with it. Citizens United makes that virtually unpossible.
Bite down on that bitter pill Fred.

At 8:28 AM, Anonymous Anonymous said...

That was a good read, great exposure. It really is a monopoly of the worst kind. There is no reason why testing can't be privatized in each state, competively. They're saying if the TPP goes through, it will be the end of generic meds. The corporations that moved to the foreign countrys will be able to sue any competition that lessens their profits. It's online.
The epa should be privatized too, imo. If they were privatized, they would be competing the old fashioned way, through hard work & honesty. Instead of committing armed robbery, & confiscating land for the king, they would be dredging the river so the fishies can swim their little hearts out.
There are many reasons why the alphabet soup gangs are unconstitutional. The general welfare clause was intended, by contract, for necessary laws needed for fullfilling the 17 delegated roles under contract. It is not a free for all clause like govt wants or brainwashes us to think.

At 11:02 AM, Anonymous Anonymous said...

20 year patents are too long. So I totally agree with that part.

But there is also this part:

"When a Republican-majority Congress created the Medicare drug benefit in 2003, they barred the program that now covers 40 million Americans from negotiating drug prices."

That's right, the government passed a law mandating that we, the taxpayers, pay whatever price the drug companies want, no negotiation allowed. Nope, can't allow Medicare to do what the major insurance companies do, and what other countries do, which is negotiate for better prices based on volume.

Which of course has nothing whatsoever to do with the hundreds of millions (billions?) the pharmaceutical industry has spent on campaign contributions and lobbying. That's strictly coincidental, I'm sure of it.

At 6:00 PM, Anonymous Anonymous said...

11:02, That was also documented on 60 minutes. Big Pharma lobbied congress (2004?) until congress cried & gave in. The longest lobbying session ever recorded up to that time.
The congressmen were outnumbered by BP lobbyists, 2-1. Disgusting.

At 8:04 PM, Blogger Jayne said...

Why are the same drugs cheaper in Canada and Mexico? I just don't understand how big PHARM can get away with this B.S. But, here's my thoughts on it:

Corporations rule this country and within those corporations are a handful of people that make the profit. So, the argument about government being the controller is incorrect.

During WWII the richest families in America helped support Hitler's rise to power, through complex banking, because they thought fascism was better then communism and not until Hitler invaded eastern Europe did they realize their big BOO-BOO!

So, if you think our government is ruling us you need to do your own research.

We may be headed for the Fourth Reich!


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