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Harvard Study Reveals Drug Prices are High in U.S. Because Government Grants Monopoly to Big Pharma

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posted on Sep, 13 2016 @ 02:25 AM
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a reply to: dreamingawake

Right.

So I take it that the people will be out on the streets, en masse, that no one will be going to work today, that everyone will be out protesting and demanding an immediate change to this set of circumstances?

Or is this issue not sexy enough? Does it not appeal to the lower instincts held by those who occupy the extremes of politics? Does it not press the buttons? Does it not put fire under a person in enough quantity to make a good old fashioned, nation wide walk out a reality? Are American people enjoying the boot across their neck, rather than being prepared to throw it off, as in times past?




posted on Sep, 13 2016 @ 02:25 AM
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a reply to: Xcathdra

Good to know we've regulated ourselves literally to death in many cases. Go Go Bureaucracy!!!



posted on Sep, 13 2016 @ 02:31 AM
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a reply to: TrueBrit

The issue is, and with the world being more connected than ever is an odd issue, is that there's no good way to really get the message out there to all the right people to make the right ripple.

Frankly there's too much crap littered all over the web and every news source to accomplish anything, not to mention too many things to be upset about.

Over here people are upset over the pipeline, over here Hillary being sick, over here some mean thing Trump said, over here some conflict between a police officer and a black man, this thread the Big Pharma Monopoly, over here sex slavery, over here people still talking about wedding cakes, over here... etc...

I'm actually kind of worried nothing will be big enough to really get everyone's attention focused at one time...
edit on 9/13/2016 by Puppylove because: grammar and spelling



posted on Sep, 13 2016 @ 02:34 AM
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a reply to: seasonal

Did you see her injuries?



posted on Sep, 13 2016 @ 02:45 AM
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a reply to: Puppylove

So, let me get this straight. What you are basically saying is that the control program is working perfectly? That it is working so well that your universities can find a way to PROVE that the drug companies are operating a powerful monopoly, and KILLING your citizens by over prescribing, by preventing the distribution of drugs that are better for people and cheaper too, and insisting that people either pay up or die from their ailments, and yet nothing will happen because there is a lot of information out there, too much of it?

I rather think the problem is straight laziness. You have to be a massive clod to allow the signal to be lost in the noise, no matter how noisy the space you are in may be.



posted on Sep, 13 2016 @ 03:26 AM
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a reply to: dreamingawake

This is why medications for conditions that can be "managed" like diabetes with their fake GMO "insulin" is going up in price so much! This is also why conditions that can be "managed" will never be cured by Big-Pharma. Imagine all of the people that would not have to suffer if it wasn't for the greed of the fascists!

From the Montana Standard Newspaper:

Insulin price spike leaves diabetes patients in crisis
edit on 9/13/2016 by InFriNiTee because: (no reason given)



posted on Sep, 13 2016 @ 03:34 AM
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What is the profit margin that these pharmaceutical companies operate at?

Is the USA subsiding the rest of the developed world?



posted on Sep, 13 2016 @ 03:37 AM
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originally posted by: DanDanDat
What is the profit margin that these pharmaceutical companies operate at?

Is the USA subsiding the rest of the developed world?


yes



posted on Sep, 13 2016 @ 03:44 AM
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a reply to: TrueBrit

The control program seems to be working as intended.

Every time I have ever tried to get people each shouting about different things to unite it falls on deaf ears because it seems everybody's issue of the day always trumps every other issue. They've succeeded, we're too divided.

That and I've started to become tired and a bit bitter about all this. I've been railing against the system for years, and the ability for people to unite behind a common cause has proven impossible. I mean you can't even get several groups all facing bigotry and prejudice to unite under one banner because they'd all rather rail separately. Even worse within each group they're several sub groups each to disagree on the best manner of railing.

We've allowed them to turn us into our own worst enemies.
edit on 9/13/2016 by Puppylove because: grammar and spelling



posted on Sep, 13 2016 @ 04:01 AM
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a reply to: Edumakated

partly true. IT is not only the development of a new drug that costs so much, it is also the commercialisation. Compare the budgets that an average pharma company pours into Marketing and into its R&D. That explains a lot.
edit on 13-9-2016 by whismermill because: (no reason given)



posted on Sep, 13 2016 @ 04:11 AM
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a reply to: seasonal

the article from the OP states it:


Although prices are often justified by the high cost of drug development, there is no evidence of an association between research and development costs and prices; rather, prescription drugs are priced in the United States primarily on the basis of what the market will bear.


prices in the US are set by the company, no government involved there. Insurances have to individually negotiate the actual prices with the individual companies. This negotiation power can reduce the actual paid price with up to 50%. Compare that to Canada and the EU, where prices and reimbursement are negotiated by the government. That leads to prices that the government will and can bear, not what the market can bear.



posted on Sep, 13 2016 @ 04:28 AM
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The development of the drugs is only a part of it. Marketing, publicity, costs just as much.

In some other countries, it is illegal to advertise pharmaceuticals, so the companies save money there.
They also are not allowed to give gifts or financial incentives to doctors for prescription, which helps.

My husband worked in the pharmaceutical industry for almost 20 years, and they do develop new drugs and do research (no, America is not the only one doing that). They sell their drugs at usually one third the price in the US.

And yet, they still made handsome profits, kept their reps well paid and their business meetings luxurious.

A lot of that was because they invest nothing in advertising.


edit on 13-9-2016 by Bluesma because: (no reason given)



posted on Sep, 13 2016 @ 04:43 AM
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originally posted by: TrueBrit
a reply to: Puppylove

So, let me get this straight. What you are basically saying is that the control program is working perfectly? That it is working so well that your universities can find a way to PROVE that the drug companies are operating a powerful monopoly, and KILLING your citizens by over prescribing, by preventing the distribution of drugs that are better for people and cheaper too, and insisting that people either pay up or die from their ailments, and yet nothing will happen because there is a lot of information out there, too much of it?

I rather think the problem is straight laziness. You have to be a massive clod to allow the signal to be lost in the noise, no matter how noisy the space you are in may be.


I would tend to agree- partly.

But sometimes there is more to it.

There are conflicting American values at issue. Like capitalism and free market- in Europe, the government gets involved because they are involved in buying the drugs. Since it is the universal medical care paying, they have an interest in keeping those prices affordable.

This is fine in European countries, where the people consider the government as their servant, speaking and acting on their behalf (the money being spent by the government is theirs, so they want the government to not let private industry abuse it).

But in America, the people do not see the government as their servant, and do not want it involved in the process. The majority believes in the self regulating power of capitalism. Look at this thread! Government is bad guy and individual entities are always good guys! This abuse couldn't be the result of private enterprises being greedy, they are good- it must be that the government made it happen.

But also, our individualist-based values come into play in the question of advertising.
People want to feel they have power, as consumers. Power comes with responsibility. Knowledge is power.
Here in France, there is no advertising for drugs. People go to their doctor, they listen to their doctor, they take what the doctor says to take! They are often largely ignorant of what is available as treatment. This, Americans would have trouble with.

Right now, they might rale on about this...but then tell them, okay, we'll cut the price down, but no more ads. You just trust your doctor and let him take control of your treatment entirely, okay?

Urm...hmmm...eh..wait...

We don't feel that comfortable with trusting others, actually....
Independance and freedom are like everything else- they have their benefits and disadvantages...



posted on Sep, 13 2016 @ 05:06 AM
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Profiting off of human misery is a disease that humanity can cure... of course by not allowing such groups to have such a large voice that drowns out the people suffering day in and day out due to the very policies themselves.

Patent medicine means there is a legal monopoly on the manufacture of substances of use for medicine; of course the monopoly time given to them only extends human misery out further in order to profit that far outweighs the benefit when companies are racing to market... the first sign there was an illness is when massive lawsuits started being weighed against them from the side effects from not being adequately tested... of course the excuse to levy such heavy costs is due to those lawsuits to begin with... but there in lay the problem, in racing to market the efficacy and side effects are fast tracked causing those lawsuits to begin with in a viscous circle... that allows it to continue with an excuse to keep it continuing unabated, while also lobbying against herbal medicines in order to strip and rip those at a future date in the same profit scheme.

Allowing such monopolies over our lives and controlling what goes in and out of adults bodies under the banner of public health and or public safety needs heavy reform and oversight... it's no different than what was allowed with the too big to fail with private banking controlling and lobbying the federal reserve except on this front it is with medicine. It's pretty evident of what allowing such bubbles of privatization does in the hands of a capitalist or profit driven economy... it becomes a place where no one gets what they pay for and quality and care of even it's workers, takes a backseat to the bottom line.
edit on 13-9-2016 by BigBrotherDarkness because: (no reason given)



posted on Sep, 13 2016 @ 05:44 AM
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Over the past 20 years, I've seen the industries' focus shift from patient-centric, but still making a decent profit along the way, to purely profit-driven. The numbers are out there:

Pharmaceutical companies high on fat profits

telling figure included in that article (which for some reason i cannot embed in this post). Six major pharma companies had >19% profit margin for 2014. MArketing spendings outweight R&D investment (usually twice the amount).

At the same time, headlines like Restoring the pharmaceutical industry's reputation show that there is something fundamentally wrong with how pharma currently is doing business. Unfortunately, i don't see any major shift happening around me.



posted on Sep, 13 2016 @ 08:36 AM
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a reply to: dreamingawake

I don't know if anyone else has already touched on this subject, but I recall researching this a few years back, and I stumbled across a point that I feel is relevant, as well: It seems as though other nations put a cap on how much certain medications can cost in their gov't-controlled healthcare.

Basically, because of this, Americans are left with the excess cost of the price of R&D, production and distribution of the medicines that are dispersed worldwide. We end up picking up the rest of the tab because much of the rest of the world refuses to pay market value, essentially.

I wish I had some links to provide that support this point, and really wish I would have bookmarked the story or video, but this is something that has always stuck out in the back of my head when this discussion comes up.

Couple that reality with forced insurance coverage that is expensive, and the monopolies that allow the cost to remain high for the duration of a patent, and it all comes down to Americans getting screwed for the cost of medication.



posted on Sep, 13 2016 @ 01:02 PM
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a reply to: seasonal

Forbes

That cost has gone up significantly since Obamacare. It isn't the only cost either. There are billions more in insurance costs.

Medical malpractice lawsuits are a far greater problem than a lady suing McD's (which has no bearing on the discussion) and to suggest a comparison between these instances and the cost of medical malpractice lawsuits is ridiculous.

Meanwhile you scream about sources in order to make your fallacy seem legitimate.

edit on 13 9 16 by projectvxn because: (no reason given)

edit on 13 9 16 by projectvxn because: (no reason given)



posted on Sep, 13 2016 @ 01:15 PM
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a reply to: SlapMonkey

see, i can imagine this might be true to a certain extend, yet in the light of the excessive profit margins it appears to me that pharma is draining the US health care costs just for maintaining shareholder profits. These profits are not for R&D support, like it should in a perfect world



posted on Sep, 13 2016 @ 01:32 PM
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a reply to: dreamingawake

A monopoly is part of it, but the issue goes a bit deeper than that. The average drug costs billions to bring to market, and in order to recoup that investment the company needs a patent for it. The problem is that most patents are only recognized by that nation. Other countries take our advances, reproduce them, and sell as generics. This leaves a medicine that's used world wide to recoup the investment entirely from the US.

There's also a balancing issue here too, because patents are time limited, if we lengthened patents we could reduce cost but at the same time it would prevent competition.

It's a complicated issue, the holy grail fix would be a trade deal that forces India and/or China (due to their populations) to recognize our patents. Alternatively, we could to the further subsidize drug development but that still results in the same cost to the country it just spreads out the cost of each drug.



posted on Sep, 13 2016 @ 01:34 PM
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originally posted by: infolurker
a reply to: dreamingawake

Yeah, this has been well known for years.

We pay hundreds for the exact same drug that cost pennies overseas because the FDA is in the pharmaceutical industry's pocket.

Legal Government Sanctioned Monopoly which shamelessly overcharges us because our government officials get kick-backs called campaign contributions.


Sort of. We pay hundreds while India pays 3 cents because 3 cents/pill doesn't cover R&D costs. It's just the cost to make that chemical composition, but the hundreds we pay is going towards the bill incurred to get the knowledge of how to make it.

Medicine is cheap, developing new medicine isn't.




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