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Trumps executive order aimed at lowering drug costs

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posted on Jul, 26 2020 @ 03:45 PM
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a reply to: Gothmog

Do you remember any of it?




posted on Jul, 26 2020 @ 03:49 PM
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originally posted by: Wide-Eyes
a reply to: Gothmog

Do you remember any of it?

No , unfortunately that was many , many years ago .(45 ?)
I did do some googling and research back about 2 years ago .
Took a while before I found any information.
I posted some of it here , in response to about the same question you just asked.
But , look at my post count.
edit on 7/26/20 by Gothmog because: (no reason given)



posted on Jul, 26 2020 @ 03:57 PM
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a reply to: Bluntone22
I hope so I currently have to buy two boxes of 5 pens each which cost me 150 bucks each. I have hit my donut hole.
300 bucks a every month and ahalf is quite a burden on 1500 a month from SS.
edit on 26-7-2020 by PhilbertDezineck because: (no reason given)



posted on Jul, 26 2020 @ 03:58 PM
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I have to get one of my meds from Canada because it is less than 1/4 of the monthly price for a 90 day supply if I get it through them. Instead of paying almost two grand for 90 days here I get it for $150ish for 90 days. It takes a good while to get it but it's worth it.

Our drug prices are inexcusable.



posted on Jul, 26 2020 @ 04:02 PM
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originally posted by: Bluntone22
a reply to: Themaskedbeast

I'm not going to hammer on the democrats here because both sides refuse to do anything to make the current president look good.

If biden does win in November I doubt the GOP will make life easy on him.


Why should they? A new precedent has now been set. If a dems ever wins the white house again, I hope the spineless republicans finally start to fight back, they never have in the past, they always capitulate to the dems historically.



posted on Jul, 26 2020 @ 04:37 PM
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a reply to: panoz77

I know if biden wins I will jump on every misspoken word that idiot mutters just like trump has been treated.
New standards have been established....

I’m not sure our representatives will feel differently.



posted on Jul, 26 2020 @ 04:38 PM
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Despite trumps pandering to the geezers, pharmaceutical prices will never come down in the US.

Health care in America is a business for profit and it's not about health care.



posted on Jul, 26 2020 @ 06:37 PM
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originally posted by: olaru12
Despite trumps pandering to the geezers, pharmaceutical prices will never come down in the US.

Health care in America is a business for profit and it's not about health care.


One day you will be a geezer and hopefully someone will have your back. Diabetes is non discriminatory, hopefully you do not contract it later on in life from eating candy and other sugar foods push in the American diet.
edit on 26-7-2020 by PhilbertDezineck because: (no reason given)



posted on Jul, 26 2020 @ 06:41 PM
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originally posted by: olaru12
Despite trumps pandering to the geezers, pharmaceutical prices will never come down in the US.

Health care in America is a business for profit and it's not about health care.

Let's see some citations for that.
An absolute statement requires absolute proof.



posted on Jul, 26 2020 @ 06:59 PM
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a reply to: Bluntone22

I don't have to directly pay a cent for the insulin I take. It is 100% subsidized by my government.

And, I have an array of insulin brands and types that I can aquire in such a way, choosing which ever seems to best fit my symptoms, with the advice of my doctor and endocrinologist - which are also subsidized.



posted on Jul, 26 2020 @ 07:20 PM
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a reply to: chr0naut

Who developed these drugs you take? NZ or Austrian companies? It's about time someone tried to fix the rape of Americans by drug companies which sell to the rest of the world at cut rates on the back of Americans. He needs to next break the backs of telecommunication companies who are doing the same.



posted on Jul, 26 2020 @ 07:35 PM
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Just got here, have the leftists figured out how to spin this as racist,sexist, or homophobic yet?



posted on Jul, 26 2020 @ 07:37 PM
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a reply to: PhilbertDezineck

I can imagine most forms of insulin would be considered to be generic as in there's no longer a patent on it/them.

I'm not sure why foreign markets would have cheaper access to drugs patented or produced in the US, the only thing that comes to my mind is price fixing. There's usually alternatives.

However in nations with socialised healthcare their can be issues with cost and a reluctance to provide expensive medicines.



posted on Jul, 26 2020 @ 07:38 PM
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originally posted by: HalWesten
I have to get one of my meds from Canada because it is less than 1/4 of the monthly price for a 90 day supply if I get it through them. Instead of paying almost two grand for 90 days here I get it for $150ish for 90 days. It takes a good while to get it but it's worth it.

Our drug prices are inexcusable.

I'm glad you can get the help, but I think of your comment the other day about not wanting anything to do with, or live in a "socialist" country like Canada..really now?

Have an open mind about it.
edit on 26-7-2020 by vonclod because: (no reason given)

edit on 26-7-2020 by vonclod because: (no reason given)



posted on Jul, 26 2020 @ 07:42 PM
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originally posted by: RAY1990
a reply to: PhilbertDezineck

I can imagine most forms of insulin would be considered to be generic as in there's no longer a patent on it/them.

I'm not sure why foreign markets would have cheaper access to drugs patented or produced in the US, the only thing that comes to my mind is price fixing. There's usually alternatives.

However in nations with socialised healthcare their can be issues with cost and a reluctance to provide expensive medicines.

As far as I know, the drug companies tweak the drug, just enough to apply for a new patent, every..20 years I think?(patent]

That is how I understand it, If I'm wrong I welcome the proper info.



posted on Jul, 26 2020 @ 07:43 PM
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originally posted by: olaru12
Despite trumps pandering to the geezers, pharmaceutical prices will never come down in the US.

Health care in America is a business for profit and it's not about health care.


Heard an interesting thing recently about this, lady was saying this will back fire in a nasty way. (I kind of agree)

Her reasoning is companies often spend in the neighborhood between 2-4 billion dollars to go from idea to market.

Most western nations have price controls in place, the US does not and in effect the US is subsidizing the rest of the globes medical costs, and if we enact price controls we may very well be bringing the research to an end.



posted on Jul, 26 2020 @ 07:45 PM
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originally posted by: PhilbertDezineck
a reply to: chr0naut

Who developed these drugs you take? NZ or Austrian companies? It's about time someone tried to fix the rape of Americans by drug companies that sell to the rest of the world at cut rates on the back of Americans. He needs to next break the backs of telecommunication companies who are doing the same.


Firstly, Austria is a central European country. I think you must have meant Australia, which is adjacent to New Zealand. The GI system of rating foods by their sugar absorption rate, which is important to diabetics and pre-diabetics, was substantially researched in Australia.

Insulin was discovered in Berlin prior to the First World War. The first to make it available as a medicine, and to secure a patent for it, were Canadian. However, it was also simultaneously developed in Romania, where they originally called it 'Pancreine'.

edit on 26/7/2020 by chr0naut because: (no reason given)



posted on Jul, 26 2020 @ 08:07 PM
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a reply to: vonclod

It would depend on the drug. Either way once the patent is up anyone can recreate the drug, from my understanding anyways. I know that some drugs can be produced in developing nations despite being patented but I'm far from an expert on humanitarian medical work.

The drug would usually have to have a modicum of improvement for it to be commercially viable, that said lobbyists can get anything sold. A good example of that and what you mention is evident in the mental health drug trade.

The prohibiting of legal highs had a similar issue here in the UK. We'd ban a chemical for distribution and by the time it got through the courts 3+ slightly different chemicals had been synthesized. In essence it's a system that works.

I imagine there's companies that withold better versions of their medicine for when the lesser version's patent runs out. It's unethical.



posted on Jul, 26 2020 @ 08:08 PM
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originally posted by: vonclod

originally posted by: RAY1990
a reply to: PhilbertDezineck

I can imagine most forms of insulin would be considered to be generic as in there's no longer a patent on it/them.

I'm not sure why foreign markets would have cheaper access to drugs patented or produced in the US, the only thing that comes to my mind is price fixing. There's usually alternatives.

However in nations with socialised healthcare their can be issues with cost and a reluctance to provide expensive medicines.

As far as I know, the drug companies tweak the drug, just enough to apply for a new patent, every..20 years I think?(patent]

That is how I understand it, If I'm wrong I welcome the proper info.


If all patents are equal then I can speak from a area I spent 35 years in and that is HAVC concerning refrigerants the R12 and R22 patents were about to expire owned by DuPont when all of a sudden the ozone data came in that they were bad and needed to be eliminated . DuPont owns the patent on R410A. So I can see medicines being manipulated in the same way.



posted on Jul, 26 2020 @ 08:25 PM
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originally posted by: RAY1990
a reply to: vonclod

It would depend on the drug. Either way once the patent is up anyone can recreate the drug, from my understanding anyways. I know that some drugs can be produced in developing nations despite being patented but I'm far from an expert on humanitarian medical work.

The drug would usually have to have a modicum of improvement for it to be commercially viable, that said lobbyists can get anything sold. A good example of that and what you mention is evident in the mental health drug trade.

The prohibiting of legal highs had a similar issue here in the UK. We'd ban a chemical for distribution and by the time it got through the courts 3+ slightly different chemicals had been synthesized. In essence it's a system that works.

I imagine there's companies that withold better versions of their medicine for when the lesser version's patent runs out. It's unethical.

Yes, some very shady stuff going on. I'm sure it's pretty complicated. I understand the need for research money, but there is definitely abuse of this concept. Especially in this case, it was supposed to be pretty much free after initial patent(as I understand)







 
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