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House Democrats reveal their drug plan. . . . socialized pharmaceuticals

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posted on Sep, 21 2019 @ 02:37 PM
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Speaker Nancy Pelosi on Thursday released a much-anticipated plan detailing House Democrats’ ideas to change the way people get prescription drugs. At the heart of the plan is a retroactive 95% tax on up to 250 of the most common medicines. The only way out of paying this tax is if the drug becomes subject to strict government price controls and price caps. The House is expected to vote on the plan this fall.


A retroactive tax for those who need insulin.

Noice!


The tax is not on profits from the sale of the drug, but on the gross receipts from the sale. For example, if a medicine is sold for $100, a tax of $95 is owed, regardless of the cost of selling the drug.


Yay socialism!


A tax of this size is next of kin to a Venezuelan-style socialist takeover of the bulk of the prescription drug industry. By having to turn all their money over to the government, the pharmaceutical companies would become captive corporations of the government itself — a kind of post office that dispenses pills instead of parcels.


Just like Obamacare and our current healthcare system. . .


. . . the government is in charge of what drugs cost.


Yes, that's right. Currently, the government dictates what the COST of healthcare is. If a hospital or doctor charges LESS then the government fines and punishes the hospital and/or doctor by withholding ALL Medicare reimbursements.

Surprise! Didn't everyone know this?

Finally. . . .


By imposing a 95% tax on the drugs taken by seniors, veterans, and women, Pelosi has put Democrats in a very difficult position. They are going to be forced to explain to their constituents why they support slapping a 95% tax on their cholesterol drugs, their high blood pressure medication, their glaucoma treatments, and their insulin.


www.washingtonexaminer.com...




posted on Sep, 21 2019 @ 02:39 PM
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a reply to: DBCowboy

As long as the trillionaires and billionaires pay their fair share of taxes as opposed to zero taxes to pay for it then I'm all for it!!!


+14 more 
posted on Sep, 21 2019 @ 02:40 PM
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a reply to: dfnj2015

So you're for a doubling of insulin costs to poor people who can't afford it now.

Ummmm, okay.


+3 more 
posted on Sep, 21 2019 @ 02:43 PM
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originally posted by: dfnj2015
a reply to: DBCowboy

As long as the trillionaires and billionaires pay their fair share of taxes as opposed to zero taxes to pay for it then I'm all for it!!!



Show me where they pay 0 taxes.



posted on Sep, 21 2019 @ 02:49 PM
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originally posted by: DBCowboy
a reply to: dfnj2015

So you're for a doubling of insulin costs to poor people who can't afford it now.

Ummmm, okay.


Remember when Martin Shkreli raised the price of 62 year old Daraprim? So many people were outraged. Those same people will now tell us this is a good thing.
edit on 21-9-2019 by Wardaddy454 because: (no reason given)



posted on Sep, 21 2019 @ 02:50 PM
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So you think the drug monopolies will want to charge less than what the government dictates? That's cute.

Affordable healthcare will never be in the cards, the monopolies won't have it and neither will the government. Profit is all that matters not the wellbeing of the population.


+1 more 
posted on Sep, 21 2019 @ 02:58 PM
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a reply to: 3NL1GHT3N3D1

You missed the OP.

GOVERNMENT dictates what healthcare costs are NOW!

Are they cheaper of more expensive than 10 years ago???



posted on Sep, 21 2019 @ 02:58 PM
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originally posted by: 3NL1GHT3N3D1
So you think the drug monopolies will want to charge less than what the government dictates? That's cute.

Affordable healthcare will never be in the cards, the monopolies won't have it and neither will the government. Profit is all that matters not the wellbeing of the population.


Break up the monopolies, and allow competition.

Look at AMD vs intel currently. More importantly, look at core count now vs just a couple years ago for the same price brackets.



posted on Sep, 21 2019 @ 02:58 PM
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originally posted by: Wardaddy454

originally posted by: DBCowboy
a reply to: dfnj2015

So you're for a doubling of insulin costs to poor people who can't afford it now.

Ummmm, okay.


Remember when Martin Shkreli raised the price of 62 year old Daraprim? So many people were outraged. Those same people will now tell us this is a good thing.


I don't know how they can spin this, but it'll be interesting to watch.



posted on Sep, 21 2019 @ 03:01 PM
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originally posted by: DBCowboy

originally posted by: Wardaddy454

originally posted by: DBCowboy
a reply to: dfnj2015

So you're for a doubling of insulin costs to poor people who can't afford it now.

Ummmm, okay.


Remember when Martin Shkreli raised the price of 62 year old Daraprim? So many people were outraged. Those same people will now tell us this is a good thing.


I don't know how they can spin this, but it'll be interesting to watch.


3NL1GHT3N3D1337 Already touched on how they'll spin it.



posted on Sep, 21 2019 @ 03:04 PM
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a reply to: Wardaddy454

Anyone with half a brain knows government dictates healthcare costs now.



posted on Sep, 21 2019 @ 03:11 PM
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a reply to: Wardaddy454

You think the government is going to break up the monopolies when the monopolies are the ones paying our representatives their paychecks? That's cute.

Ignorance truly must be bliss.

edit on 9/21/2019 by 3NL1GHT3N3D1 because: (no reason given)



posted on Sep, 21 2019 @ 03:12 PM
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This is a cross between a Cloward-Piven overload and an insurance scam !!

Democrats want full blown Authoritarian Controls !!

Long range plan is to Nationalize all medical products and services !!

Enforcing laws against black-marketing (and blackmail) will cost millions a day !!





posted on Sep, 21 2019 @ 03:12 PM
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a reply to: Wardaddy454

What did I spin? The monopolies won't allow affordable healthcare because it cuts into their bottom line. That's not spin, that's reality.



posted on Sep, 21 2019 @ 03:13 PM
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a reply to: DBCowboy

Something needs to be done.... But this isn't it.

I think most would agree big pharma is bending insurance companies over... But I fail to see how charging a tax and creating what I assume to be an administrative group to oversee the taxes is the answer.

Suppose it does have a minor effect, aren't they just going to have accountants find loopholes to get this back when they file taxes at the end of the year? Possibly getting money back from the government?

Maybe something simpler like you can profit what market allows in the first seven years a drug exists... And after that you take a 30% margin. I'm not a fan of regulation, but it's crazy how Americans bodies are being used as hostage to extort them out of money just to survive.

Many of these existing drugs have had their parent companies bought out by hedge fund like companies raising the price 1,000%.



posted on Sep, 21 2019 @ 03:14 PM
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originally posted by: DBCowboy
a reply to: Wardaddy454

Anyone with half a brain knows government dictates healthcare costs now.


We aren't in the business of developing even half brains, anymore.



posted on Sep, 21 2019 @ 03:15 PM
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a reply to: CriticalStinker

Yeah, this sounds like a horrible plan. It will only raise the cost of healthcare which is exactly what the monopolies want.

Good job Democrats.
edit on 9/21/2019 by 3NL1GHT3N3D1 because: (no reason given)



posted on Sep, 21 2019 @ 03:15 PM
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originally posted by: Wardaddy454

originally posted by: 3NL1GHT3N3D1
So you think the drug monopolies will want to charge less than what the government dictates? That's cute.

Affordable healthcare will never be in the cards, the monopolies won't have it and neither will the government. Profit is all that matters not the wellbeing of the population.


Break up the monopolies, and allow competition.

Look at AMD vs intel currently. More importantly, look at core count now vs just a couple years ago for the same price brackets.


This seems like another alternative that could be looked at with existing laws.

Though 3NL1GHT3N3D1 does have a point that many are in bed with both sides of the aisle.



posted on Sep, 21 2019 @ 03:15 PM
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originally posted by: 3NL1GHT3N3D1
a reply to: Wardaddy454

You think the government is going to break up the monopolies when the monopolies are the ones paying our representatives their paychecks? That's cute.

Ignorance truly must be bliss.


The plan includes "hidden" provisions for no corporate funding to elected officials and candidates !!

The Government will provide campaign funding and will increase salaries for elected officials !!





posted on Sep, 21 2019 @ 03:17 PM
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originally posted by: 3NL1GHT3N3D1
a reply to: CriticalStinker

Yeah, this sounds like a horrible plan. It will only raise the cost of healthcare which is exactly what the monopolies want.


Just like ACA did. It was a wet dream for certain sectors of the health care industry.

It was a glorified redistribution of wealth that didn't address any root problems... It arguably fed them.




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