cawacko
Well-known member
I follow some right wing media and didn't see a whole lot mentioned about it. I heard more discussion about it from economists and those who followed the Fed and the discussion over whether another stimulus was needed now.
"Trump plan for drug prices won't include direct negotiations"
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I follow some right wing media and didn't see a whole lot mentioned about it. I heard more discussion about it from economists and those who followed the Fed and the discussion over whether another stimulus was needed now.
The prescription drug reductions is because CONGRESS will not act -as usual.
What Trump is doing is taking out the high price structure of drugs, that allows for a lot of "middlemen"
to take huge profits out of the supply chain. Lowering the list pricing means lower costs throughout the supply chains
Negotiating changes by Medicare would require a Congress that isn't 100% worthless like this bunch ( Dems & Repbs). Congress wil. never act- so Trump has to use executive action
Wait a minute, so now Trump's promises are hinged upon what Congress does, a Congress controlled by Trump's party? Like how many Democrats you think are going to balk at supporting the Federal Gov't negotiating directly to bring down drug costs? If he was serious, and not under the sway of the drug lobby, he'd introduce and work to get Congress on board, that's what successful President's do
Blaming Congress is a cop out
Oh, so Fox and that rest of the right wing media never focused nor celebrated Trump's infrastructure plan, just like they probably won't have much to say about his drug prescription facade he issued today, got it
extreme bullshit.
The Dems will never back ANYTHING Trump proposes; even for the good of the country.
They are TDS infected "da resistance".. F.F.Sake -Schumer was even criticizing the optics of NK's prisoner release!
The Repubs are worthless corporatists to be sure, but the Dem's are mindless Trump-haters.
Congress is an unwilling partner on making America great again.
So Trump has to use executive action to lower list pricing of Rx drugs
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So Trump is this great leader who can't even control his own political party?
And there aren't drug prices being lowered, probably just the opposite;
"Pharma stocks boom after Trump's drug speech"
"President Trump had some harsh words for the pharmaceutical industry and pharmacy benefit managers in his speech Friday, but investors bought stocks instead of the vague promises Trump and his administration made to bring down drug prices."
"The industry and investors don't anticipate a major shake-up"
https://www.axios.com/pharma-stocks...a60-89b1-cc198df08fab.html?utm_source=sidebar
As I noted, another charade
rump's plan, called "American Patients First," seeks to increase competition, improve negotiation and create incentives to lower list prices of prescription drugs and out-of-pocket costs for consumers. Some of the steps it outlines are rebate-sharing in Medicare drug plans, promoting generics and copycat version of biologic drugs and requiring drug manufacturers to publish list prices for drugs in television advertisements.
However, it stops short of allowing Medicare to directly work with manufacturers on prices, something Trump had called for on the campaign trail but Health and Human Services Secretary Alex Azar, a former Eli Lilly executive, has opposed.
"Everyone involved in the broken system — the drugmakers, insurance companies, distributors, pharmacy benefit managers and many others — contribute to the problem," Trump said. "Government has also been part of the problem because previous leaders turned a blind eye to this incredible abuse."
Despite saying everyone's to blame, Trump focused his harshest comments on middlemen, specifically pharmacy-benefit managers, which negotiate discounts with manufacturers.
"We're very much eliminating the middlemen," Trump said. "The middlemen became very, very rich. Whoever those middlemen were, and a lot of people never even figured it out, they're rich. They won't be so rich anymore."
These rebates have become a battleground in the fight over who's to blame for high drug prices.
Drugmakers accuse PBMs of profiting off higher list prices because they can negotiate bigger discounts. PBMs say it's manufacturers' fault for setting the high prices in the first place.
Azar said the administration is calling into question the entire system of rebates as the method of negotiating discounts in the pharmacy channel.
https://www.cnbc.com/2018/05/11/president-trump-unveils-prescription-drug-price-plan.html
However, it stops short of allowing Medicare to directly work with manufacturers on prices, something Trump had called for on the campaign trail but Health and Human Services Secretary Alex Azar, a former Eli Lilly executive, has opposed.
"Everyone involved in the broken system — the drugmakers, insurance companies, distributors, pharmacy benefit managers and many others — contribute to the problem," Trump said. "Government has also been part of the problem because previous leaders turned a blind eye to this incredible abuse."
Despite saying everyone's to blame, Trump focused his harshest comments on middlemen, specifically pharmacy-benefit managers, which negotiate discounts with manufacturers.
"We're very much eliminating the middlemen," Trump said. "The middlemen became very, very rich. Whoever those middlemen were, and a lot of people never even figured it out, they're rich. They won't be so rich anymore."
These rebates have become a battleground in the fight over who's to blame for high drug prices.
Drugmakers accuse PBMs of profiting off higher list prices because they can negotiate bigger discounts. PBMs say it's manufacturers' fault for setting the high prices in the first place.
Azar said the administration is calling into question the entire system of rebates as the method of negotiating discounts in the pharmacy channel.
he said in a press briefing following the Rose Garden speech.
https://www.cnbc.com/2018/05/11/president-trump-unveils-prescription-drug-price-plan.html
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pure unfounded speculation.
The Republicans are corporatists - they are NOT going to back any pricing reforms.
Dems will never support any Trump initiative, even one's their party supposedly wants.
After Obama and the Repubs inability to act, at least trump is identifying a big area of the problem-
it's not just "negotiating prices" it's the way big buyers do so now in a very secretive ( un-transparent) manner
OK, I get it. But, the point of my posting a plain old televised link without a network bias was so no one could go off on how the link I used was biased.
But he isn't eliminating the middleman, he is not using the power of the Federal Gov't to negotiate directly with the drug companies as such as Costco has been doing for years, as I showed you in the article posted, Drug companies don't see much changing
You don't know that. 1 day's stock prices are not indicative.
These are good reforms -how many times have you seen drug prices with astronomical prices?
hundreds or even thousands of $ per dose?- that one guy who was boasting about it (orphan drugs) even went to jail https://www.usatoday.com/story/money/2018/03/09/martin-shkreli-sentenced-7-years-prison/359705002/he was so reckless, but it shows the problem exists
you are hung up on negotiations - same as fake news -and not seeing changing that is beyond Trump's ability.
But this is also a very important way to bring down prices -change the structure to a more realistic market driven price
"don't know that," was it mentioned today in his speech, no, and that is why the drug companies are prospering on Wall Street, they know absolutely nothing is changing.
Nobody is "hung up on negotiations," but saying something doesn't make it true, just because Trump says he is doing something doesn't mean he actually is, today is good example, says he's getting tough but in reality he is appeasing those he is supposedly getting tough with, it is not negotiations, rather as the old ad said, asking "where's the beef?"
you are frothing at the fact there isn't any price negotiations, but missing the point lowering the list price reduces the amount of profit throughout the supply chain. it's cost control
Yes we'd all love to have Medicare negotiations -but TRUMP CANNOT DO THAT ALONE
( for like the 5th time I've gone over this) so find something else to bitch about -because Congress won't do it.
Allowing Medicare to use price negotiations was a Trump campaign promise. He broke it,. He has always been a corporate stooge. He was not going to hurt the wealthy and powerful. Instead, he wants other countries to increase their prices. Damn that was stupid and revealing.
if the Dems weren't so hung up with da resistance - Trump would work with them on this.
But the Dems will cut off their nose to spite their face, even if it means getting one of their priorities taken care of..
what a useless bunch - Dems and Repubs both.
How did that make sense to you? Getting rid of drug company control and allowing price negotiations would benefit everyone but PHARM. It is obvious what side you are on. My wife takes Gleevec. In India they have an equivalent that costs 400 bucks a year. In Canada it is 8,800 bucks a year. In America it is 146,000 bucks a year.
We live near Detroit. A guy I play racketball with, drives to Canada for his diabetes shots medicine. He saves 1500 bucks a quarter for driving to Windsor. That is 6 K a year.
Trump lied.
Guno צְבִי
We fight, We win, Am Yisrael Chai
Why Do Christians Want Health Insurance or care about drug prices?
Christians and believers of other absurdities would automatically be placed on the Prayer Care Plan. This plan would not cost the government (or anyone else) anything at all. When believers got sick, they would pray for recovery. It's really that simple.
https://www.atheistrev.com/2009/06/why-do-christians-want-health-insurance.html
Christians and believers of other absurdities would automatically be placed on the Prayer Care Plan. This plan would not cost the government (or anyone else) anything at all. When believers got sick, they would pray for recovery. It's really that simple.
https://www.atheistrev.com/2009/06/why-do-christians-want-health-insurance.html
how fucking stupid are you? do you bother to read any prior posts? apparently not.
TRUMP CANNOT DO PRICE NEGOTIATIONS WITHOUT CONGRESSIONAL APPROVAL. period.stop.
but going after the INFLATED pricing is a good way to bring down costs..not the same, but both designed to
bring down user costs
WTF?
Oracle Of JPP 714
nazi/racist hunter
Bait and switch. follow the money.