Home | About | Donate

Big Pharma Preps to Spend Hundreds of Millions to Keep Drug Prices High


#1

Big Pharma Preps to Spend Hundreds of Millions to Keep Drug Prices High

Deirdre Fulton, staff writer

Facing an increasingly outraged public, the leading Big Pharma lobby group is hiking its annual dues by more than 50 percent as it prepares to defend its pharmaceutical company members against lawmakers and voters who want to rein in out-of-control drug prices.


#2

New drugs Could add years to a patient's life.
Assuming there is enough Money in the patient's bank accounts.

It's the Republikan Health Care Plan in action: Pay Up Or Die!


#3

Just a "Republikan" problem?

Democrats and Republicans alike are faithful servants to Big Pharma and the Big Insurers. You're a tad behind the curve on this development apparently.


#5

Big Pharma is also attacking women with severe osteoporosis: the bi-annual injection of Prolia is close to $ 2,000. Just two shots. I am sharpening my battle ax....


#6

Big Pharma and those that support them claim that Government has no role to play in the do called "free market" and the Libertarians of the Ron Paul type call for no Government role whatsoever in a world where all left to the market.

Yet these same voices have no problems with trademarks and patents and copyrights , all of which are legal terms that can only exist because of laws passed BY government.

If there truly was a free market any person or firm could freely reverse engineer these drugs and sell them for pennies and still churn a profit.

Patents and trademarks and copyrights are market protection and given these laws are said to be passed by the will of the people whom Governments claim to represent, than the people have the right to demand lower prices or see those protections removed by their will.


#7

It's so simple. We just charge the National Institute of Health with the responsibility for researching and developing drugs. Private for-profit R&D is motivated solely by the financial bottom line. The NIH could develop the drugs we need without focusing only on the most profitable. We could be so kind as to, once the NIH has done the R&D, to allow the private drug corporations to handle the retail end of the system. The NIH could thereby control costs, quality, and possibly PR associated with marketing.

No more debating whether to allow Medicare to bargain for drug prices - ridiculous! Our current market system, assisted by NIH R&D, has made excessive profits while not necessarily producing what we need, what we want, or what we can afford.


#8

Not eating meat and dairy would add even more years and lessen suffering, and at a much lower cost, than pharmaceuticals. PhRMA and the meat and dairy industries are partners in attacking this simple truth.


#9

"Facing an increasingly outraged public, the leading Big Pharma lobby group is hiking its annual dues by more than 50 percent as it prepares to defend its pharmaceutical company members against lawmakers and voters who want to rein in out-of-control drug prices."

Ahhhh, funding the coffers so they have more funds with which to bribe our sleazy congresscum. Recoup drug research costs? Awww bullshit. We the people pay for most of the drug research by the universities, not the drug companies. Yet another fraud perpetuated on the American people by our beloved capitalist system.

Look, Heather Breast, the CEO of the company who makes the Epi-Pen overtly raised the price of the Epi-Pen then gave herself an $18,000,000 raise. These drug companies must really think we the people are stupid. Of course then again some of us are as they keep re-electing the same dirtbags they have in congress for years. However, some of us are wise to the ripoff and the numbers are growing every day. So I wonder, how much does it hurt the bottom line when these legal dope dealers have to rebuilt an entire plant that somehow turned into ashes overnight?


#10

Prop. 61 in California is an expensive fight for Pharma...at least $100 million. They know that if Prop.. 61 passes it will likely spread nationwide, so nine figures is money well spent to increase profits by ten figures,


#11

Ampoule containing 3 doses of epinephrine using a syringe, $10, (which you can buy online),.... 1 dose of epipen, $600. How stupid do they think we are? People, buy the ampoules online and do it yourself!!!!! Pharmaceutical companies should not be on the stock exchange, nor should they be spending billions in advertising. No money to be made in preventative medicine and keeping people healthy.


#12

FUCKING BRILLIANT Man!!!
I love this idea! Holy crap! We can still implement this kind of thing and still remain a capitalist society! Great angle for getting the right wing on board!!


#13

Bernie, everybody wants cheaper drugs. Let US lead.

Direct Democracy


#14

Great insight and analysis.


#16

Ha! NIH, along with public universities and federal grants ALREADY do the work to develop new drugs. 'Sovaldi', the $1000 a pill hepatitis 'C' medication was developed NINETY PERCENT(90%!) using public funds. Gilead Sciences became involved only as the drug was heading for it's final approval at FDA.
The bigger problem is... collusion between those who believe they are entitled to gouge the public.... and those who can pass legislation to allow them to do it! This is not a challenge of procedures; this is the age old problem of greed and corruption. The only thing that's going to change that scenario is for the press to expose all the details in this and for the Justice Dept. to bring criminal charges of all involved.


#17

Going Vegetarian? Let's not bring Religion into this. {Grin}


#18

Going, going, gone vegan. Hallelujah!


#19

Profit for pain is totally immoral and unethical on so many levels.Gone are the days when you didn't need insurance. If you couldn't pay in full you could work out a payment plan with your doctor.Insurance stopped that and caused prices to go up because now more people want money than just your doctor and his staff,
Big pharma just says we can charge what we want and insurance will cover what people can't pay. If they can't afford it, it's not our problem.
There are still people who can't afford insurance now. In the end, if you have money you live if you don't you die.
What is moral and ethical about that?