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Thread: Drug Prices Climb For 2019

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    Default Drug Prices Climb For 2019

    Another Trump "promise" not kept:

    https://www.cbsnews.com/news/drug-pr...ger-ingelheim/

    Paying more for the same?

    Consumers don't typically pay a drug's list price because discounts and insurance often cut the final cost. In some cases, however, people are paying more even though the medication has had no significant change. That was the case with Turing Pharmaceuticals, whose CEO, Martin Shkreli, in 2015 became the poster boy for excessive drug price hikes after he engineered a 5,000 percent price increase for the life-saving medication Daraprim.

    Insulin is one vital drug that has drawn attention from lawmakers and diabetics, some of whom report cutting back on the medication after prices more than tripled from 2002 to 2013. Since then, insulin prices have continued to climb -- costs for the drug from two manufacturers rose almost 8 percent in 2017.

    That may shock some consumers, given that insulin is a nearly 100-year-old medication whose inventors sold the patent for about $3 to get the drug to as many diabetics as possible. But drugmakers have made small tweaks to their insulin products, allowing them to maintain their patents for years.

    One diabetes drug whose price has shot up lately is Metformin, which treats high blood sugar. Its manufacturer, Granules Pharmaceutical, in December jacked up the price 148 percent, Rea said.

    Granules said the figure was misleading. "We launched Metformin XR in September 2018 and due to changes in the average wholesale price, it appears Granules raised pricing by 148 percent," wrote Granules executive Vijay Ramanavarapu in an email. "However in actuality our net pricing in 2018 was static."
    Trump's promise

    President Donald Trump has vowed to reduce drug prices, making it a key part of his election campaign, and last year accused drugmakers of "getting away with murder."

    So far, there's little evidence his administration's efforts are slowing the steady increase in drug prices. Earlier this year, Pfizer raised the price on some of its well-known medications, including the erectile dysfunction drug Viagra.

    "I think the ideas are great, and I commend anybody who is fighting the fight with this," Rea said. "It's like you have the Hoover Dam and it has 50 holes in it, and you take a stick of bubble gum and put it in one hole. If you're effective, the water will still rush out of the other 49 holes."
    "2Timothy 3 "But know this, that in the last days perilous times will come: For men will be lovers of themselves, lovers of money, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy, unloving, unforgiving, slanderers, without self-control, brutal, despisers of good, traitors, headstrong, haughty, lovers of pleasure rather than lovers of God, having a form of godliness but denying its power. And from such people turn away"

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    This is great news. All those poor, disabled and unemployed republicunts will not be able to afford life saving medication. That means they will all probably DIE.

    The less republicunts in the world the better.

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    Quote Originally Posted by Old Trapper View Post
    Another Trump "promise" not kept:

    https://www.cbsnews.com/news/drug-pr...ger-ingelheim/

    Paying more for the same?

    Consumers don't typically pay a drug's list price because discounts and insurance often cut the final cost. In some cases, however, people are paying more even though the medication has had no significant change. That was the case with Turing Pharmaceuticals, whose CEO, Martin Shkreli, in 2015 became the poster boy for excessive drug price hikes after he engineered a 5,000 percent price increase for the life-saving medication Daraprim.

    Insulin is one vital drug that has drawn attention from lawmakers and diabetics, some of whom report cutting back on the medication after prices more than tripled from 2002 to 2013. Since then, insulin prices have continued to climb -- costs for the drug from two manufacturers rose almost 8 percent in 2017.

    That may shock some consumers, given that insulin is a nearly 100-year-old medication whose inventors sold the patent for about $3 to get the drug to as many diabetics as possible. But drugmakers have made small tweaks to their insulin products, allowing them to maintain their patents for years.

    One diabetes drug whose price has shot up lately is Metformin, which treats high blood sugar. Its manufacturer, Granules Pharmaceutical, in December jacked up the price 148 percent, Rea said.

    Granules said the figure was misleading. "We launched Metformin XR in September 2018 and due to changes in the average wholesale price, it appears Granules raised pricing by 148 percent," wrote Granules executive Vijay Ramanavarapu in an email. "However in actuality our net pricing in 2018 was static."
    Trump's promise

    President Donald Trump has vowed to reduce drug prices, making it a key part of his election campaign, and last year accused drugmakers of "getting away with murder."

    So far, there's little evidence his administration's efforts are slowing the steady increase in drug prices. Earlier this year, Pfizer raised the price on some of its well-known medications, including the erectile dysfunction drug Viagra.

    "I think the ideas are great, and I commend anybody who is fighting the fight with this," Rea said. "It's like you have the Hoover Dam and it has 50 holes in it, and you take a stick of bubble gum and put it in one hole. If you're effective, the water will still rush out of the other 49 holes."

    My prices didn't rise. If yours did, good.

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    Does make one wonder as to how many will have to die in order to satisfy the blood lust, and greed, of the few while claiming that the left is "jealous" of the wealthy:

    https://www.dailymail.co.uk/health/a...-times-UK.html

    The world's best-selling drug costs SIX times more in the US than the UK because Big Pharma is gaming the American patent system

    The drug giant Abbvie sold $18 billion worth of its blockbuster arthritis drug, Humira

    In the US, the original patent on the drug should have expired in 2016

    Once a patent is expired, other companies can make cheaper generic versions of the drug

    But Abbvie has gotten hundreds of new patents for the same drug, extending its monopoly

    Without generic competition, nothing is stopping Abbvie from hiking Humira's price

    A pack of two injections costs over $5,600 in the US, but only $934 in the UK, where the patent expired last year
    "2Timothy 3 "But know this, that in the last days perilous times will come: For men will be lovers of themselves, lovers of money, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy, unloving, unforgiving, slanderers, without self-control, brutal, despisers of good, traitors, headstrong, haughty, lovers of pleasure rather than lovers of God, having a form of godliness but denying its power. And from such people turn away"

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    Quote Originally Posted by Old Trapper View Post
    Does make one wonder as to how many will have to die in order to satisfy the blood lust, and greed, of the few while claiming that the left is "jealous" of the wealthy:

    https://www.dailymail.co.uk/health/a...-times-UK.html

    The world's best-selling drug costs SIX times more in the US than the UK because Big Pharma is gaming the American patent system

    The drug giant Abbvie sold $18 billion worth of its blockbuster arthritis drug, Humira

    In the US, the original patent on the drug should have expired in 2016

    Once a patent is expired, other companies can make cheaper generic versions of the drug

    But Abbvie has gotten hundreds of new patents for the same drug, extending its monopoly

    Without generic competition, nothing is stopping Abbvie from hiking Humira's price

    A pack of two injections costs over $5,600 in the US, but only $934 in the UK, where the patent expired last year
    I have an idea. YOU invent some drug, YOU get it approved by the FDA, and YOU can charge whatever you want for it. You can give it away if you want. Until then, you don't get to call something greedy because you don't like what someone else charges.

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    Quote Originally Posted by Old Trapper View Post
    Another Trump "promise" not kept:

    https://www.cbsnews.com/news/drug-pr...ger-ingelheim/

    Paying more for the same?

    Consumers don't typically pay a drug's list price because discounts and insurance often cut the final cost. In some cases, however, people are paying more even though the medication has had no significant change. That was the case with Turing Pharmaceuticals, whose CEO, Martin Shkreli, in 2015 became the poster boy for excessive drug price hikes after he engineered a 5,000 percent price increase for the life-saving medication Daraprim.

    Insulin is one vital drug that has drawn attention from lawmakers and diabetics, some of whom report cutting back on the medication after prices more than tripled from 2002 to 2013. Since then, insulin prices have continued to climb -- costs for the drug from two manufacturers rose almost 8 percent in 2017.

    That may shock some consumers, given that insulin is a nearly 100-year-old medication whose inventors sold the patent for about $3 to get the drug to as many diabetics as possible. But drugmakers have made small tweaks to their insulin products, allowing them to maintain their patents for years.

    One diabetes drug whose price has shot up lately is Metformin, which treats high blood sugar. Its manufacturer, Granules Pharmaceutical, in December jacked up the price 148 percent, Rea said.

    Granules said the figure was misleading. "We launched Metformin XR in September 2018 and due to changes in the average wholesale price, it appears Granules raised pricing by 148 percent," wrote Granules executive Vijay Ramanavarapu in an email. "However in actuality our net pricing in 2018 was static."
    Trump's promise

    President Donald Trump has vowed to reduce drug prices, making it a key part of his election campaign, and last year accused drugmakers of "getting away with murder."

    So far, there's little evidence his administration's efforts are slowing the steady increase in drug prices. Earlier this year, Pfizer raised the price on some of its well-known medications, including the erectile dysfunction drug Viagra.

    "I think the ideas are great, and I commend anybody who is fighting the fight with this," Rea said. "It's like you have the Hoover Dam and it has 50 holes in it, and you take a stick of bubble gum and put it in one hole. If you're effective, the water will still rush out of the other 49 holes."
    You are fucking ignorant. The insulin people use today is not 100 years old. It has not undergone minor tweaks.

    In fact it was a phenomenal manufacturing and technological achievement that revolutionized diabetic treatment

    Given most diabetics are Type II and it is VERY responsive to lifestyle changes maybe they should consider getting off their fat asses and lose some weight.

    I would be happy to explain it all to you but first you have to admit you are uninformed.

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    Quote Originally Posted by I Love America View Post
    You are fucking ignorant. The insulin people use today is not 100 years old. It has not undergone minor tweaks.

    In fact it was a phenomenal manufacturing and technological achievement that revolutionized diabetic treatment

    Given most diabetics are Type II and it is VERY responsive to lifestyle changes maybe they should consider getting off their fat asses and lose some weight.

    I would be happy to explain it all to you but first you have to admit you are uninformed.
    Once again I am amazed at your voluntary willingness to show just how fucking dumb you are. Being a diabetic diagnosed in 1993, I can attest to your absolute lack of knowledge on the topic, and your fucking arrogance in thinking you know shit about the subject. Being one that exercises most every day, works in the garden, etc., in the summer months, and does maintain an active lifestyle, you should know that be a diabetic is a matter of its progression. From 1993 to 2004 I took no medication. Then something changed to the point that I am now taking insulin for the control of the disease.

    You should really get your head out of your ass, let your mind get some air, and quit making a fucking fool of yourself:

    https://www.diabete.qc.ca/en/underst...he-present-day
    "2Timothy 3 "But know this, that in the last days perilous times will come: For men will be lovers of themselves, lovers of money, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy, unloving, unforgiving, slanderers, without self-control, brutal, despisers of good, traitors, headstrong, haughty, lovers of pleasure rather than lovers of God, having a form of godliness but denying its power. And from such people turn away"

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