Why does it cost $740 Billion (Dems IRA) to cap Insulin prices at $35 per month?

Bigdog

Bigdog

Harris - make America a 3rd world shithole
"Specifically, the bill would encourage insulin makers to reduce their list prices by ensuring insurers and pharmacy benefit managers cannot collect rebates on certain discounted insulins. Those discounted insulins would be eligible for "cost-sharing protections," and the bill would cap patient copays or coinsurance at $35 per month, a one-page summary says."

https://www.fiercepharma.com/pharma/senate-weigh-bill-curbing-insulin-costs-patients-35-month-0

This shouldn't cost taxpayers a dime. :dunno:
 
Bigdog said:
"Specifically, the bill would encourage insulin makers to reduce their list prices by ensuring insurers and pharmacy benefit managers cannot collect rebates on certain discounted insulins. Those discounted insulins would be eligible for "cost-sharing protections," and the bill would cap patient copays or coinsurance at $35 per month, a one-page summary says."

https://www.fiercepharma.com/pharma/senate-weigh-bill-curbing-insulin-costs-patients-35-month-0

This shouldn't cost taxpayers a dime. :dunno:
Click to expand...

Why are Republicans against caping co pays for insulin at $35.00 monthly?
 
Bigdog said:
"Specifically, the bill would encourage insulin makers to reduce their list prices by ensuring insurers and pharmacy benefit managers cannot collect rebates on certain discounted insulins. Those discounted insulins would be eligible for "cost-sharing protections," and the bill would cap patient copays or coinsurance at $35 per month, a one-page summary says."

https://www.fiercepharma.com/pharma/senate-weigh-bill-curbing-insulin-costs-patients-35-month-0

This shouldn't cost taxpayers a dime. :dunno:
Click to expand...

Are seniors going to support the party that allows big Pharma to charge as much as they want for pharmaceuticals
 
floridafan said:
Are seniors going to support the party that allows big Pharma to charge as much as they want for pharmaceuticals
Click to expand...

Why did Slow Joe rescind President Trump's "Lower Out of Pocket Insulin" program?


President Trump Announces Lower Out of Pocket Insulin ...
https://www.cms.gov › newsroom › press-releases › pre...
May 26, 2020 — Today, under President Trump's leadership, the Centers for Medicare & Medicaid Services (CMS) announced that over 1750 standalone Medicare ...

Biden Administration Rescinds Trump Administration Insulin ...
https://www.policymed.com › Drug Prices
Oct 24, 2021 — One of the final healthcare actions made by the Trump Administration has been rescinded by the Biden Administration. On December 23, 2020, ...
 
Earl said:
Why did Slow Joe rescind President Trump's "Lower Out of Pocket Insulin" program?


President Trump Announces Lower Out of Pocket Insulin ...
https://www.cms.gov › newsroom › press-releases › pre...
May 26, 2020 — Today, under President Trump's leadership, the Centers for Medicare & Medicaid Services (CMS) announced that over 1750 standalone Medicare ...

Biden Administration Rescinds Trump Administration Insulin ...
https://www.policymed.com › Drug Prices
Oct 24, 2021 — One of the final healthcare actions made by the Trump Administration has been rescinded by the Biden Administration. On December 23, 2020, ...
Click to expand...

Answer my question first, if you can.
 
Bigdog said:
"Specifically, the bill would encourage insulin makers to reduce their list prices by ensuring insurers and pharmacy benefit managers cannot collect rebates on certain discounted insulins. Those discounted insulins would be eligible for "cost-sharing protections," and the bill would cap patient copays or coinsurance at $35 per month, a one-page summary says."

https://www.fiercepharma.com/pharma/senate-weigh-bill-curbing-insulin-costs-patients-35-month-0

This shouldn't cost taxpayers a dime. :dunno:
Click to expand...
Do you propose the govt. setting prices in the private sector?
 
floridafan said:
Why are Republicans against caping co pays for insulin at $35.00 monthly?
Click to expand...

They aren't against it. They oppose spending $740 billion to do so.

Why did Plugs stop Pres. Trump's E.O. to lower insulin costs? :dunno:


"Yes, Biden stopped a Trump order to lower insulin costs, but it would not have helped most diabetics

A claim that Biden stopped a Trump executive order to lower insulin costs is true, but that order would have only helped low-income patients at select clinics."

https://www.verifythis.com/article/...ters/536-fd5c976a-191e-4821-8c07-296b725d8482



It would have only helped low income patients ... therefore it's bad, according to dems. :palm:
 
floridafan said:
Answer my question first, if you can.
Click to expand...

No, seniors are not going to support the Democrats who allow big Pharma to charge as much as they want for pharmaceuticals.

Now, answer why Slow Joe cancelled President Trump's Insulin plan?
 
Bigdog said:
They aren't against it. They oppose spending $740 billion to do so.

Why did Plugs stop Pres. Trump's E.O. to lower insulin costs? :dunno:


"Yes, Biden stopped a Trump order to lower insulin costs, but it would not have helped most diabetics

A claim that Biden stopped a Trump executive order to lower insulin costs is true, but that order would have only helped low-income patients at select clinics."

https://www.verifythis.com/article/...ters/536-fd5c976a-191e-4821-8c07-296b725d8482



It would have only helped low income patients ... therefore it's bad, according to dems. :palm:
Click to expand...

Einstein, your Senators from both Wisconsin and Florida came out against the program. You are making up fairytales.
 
Earl said:
No, seniors are not going to support the Democrats who allow big Pharma to charge as much as they want for pharmaceuticals.

Now, answer why Slow Joe cancelled President Trump's Insulin plan?
Click to expand...

Do you have a link to this cancellation, your links as usual offered nothing.
 
floridafan said:
Why are Republicans against caping co pays for insulin at $35.00 monthly?
Click to expand...

remember when Trump capped insulin by executive order and Biden reversed it his first month in office?......Republicans would have voted for the cap if it wasn't pasted like a circus flyer on a 3/4 trillion dollar brick wall........
 
floridafan said:
Do you have a link to this cancellation, your links as usual offered nothing.
Click to expand...

Slow Joe cancelled it with an EO his first month in office, you know this.


Biden Administration Rescinds Trump Administration Insulin ...
https://www.policymed.com › Drug Prices
Oct 24, 2021 — One of the final healthcare actions made by the Trump Administration has been rescinded by the Biden Administration. On December 23, 2020, ...
 
PostmodernProphet said:
remember when Trump capped insulin by executive order and Biden reversed it his first month in office?......Republicans would have voted for the cap if it wasn't pasted like a circus flyer on a 3/4 trillion dollar brick wall........
Click to expand...

You really have to cut out your bullshit and ignorance. Your Senators were afraid that by capping insulin costs Big Pharma would not be able to do research on new drugs. Check out Senator Johnson before you make another ass of yourself.
 
Earl said:
Slow Joe cancelled it with an EO his first month in office, you know this.


Biden Administration Rescinds Trump Administration Insulin ...
https://www.policymed.com › Drug Prices
Oct 24, 2021 — One of the final healthcare actions made by the Trump Administration has been rescinded by the Biden Administration. On December 23, 2020, ...
Click to expand...

Your link shows NOTHING
 
floridafan said:
You really have to cut out your bullshit and ignorance. Your Senators were afraid that by capping insulin costs Big Pharma would not be able to do research on new drugs. Check out Senator Johnson before you make another ass of yourself.
Click to expand...

Spin, youngster...or old timer.

You have been given two links to prove that Slow Joe cancelled President Trump's low cost insulin plan.
 
floridafan said:
You really have to cut out your bullshit and ignorance. Your Senators were afraid that by capping insulin costs Big Pharma would not be able to do research on new drugs. Check out Senator Johnson before you make another ass of yourself.
Click to expand...

Spin, youngster...or old timer.

You have been given two links to prove that Slow Joe cancelled President Trump's low cost insulin plan.

https://www.policymed.com/2021/10/b...rump-administration-insulin-pricing-rule.html

The older link has been removed.
 
PostmodernProphet said:
https://www.policymed.com/2021/10/biden-administration-rescinds-trump-administration-insulin-pricing-rule.html
Click to expand...

Do you have a problem comprehending the links given to you to post?

In the Federal Register notice rescinding the rule, HHS noted that the rule would have resulted in “excessive administrative costs and burdens” on health centers. Specifically, the agency took issue with the requirement that health centers would need to create and maintain new practices to determine patients’ eligibility to receive drugs at or below the discounted price paid by the health center, plus a minimal fee. HHS also noted its belief that the implementation of the Rule would have resulted in “reduced resources available to support critical services to health center patients – including those who use insulin and injectable epinephrine.

HHS further acknowledged concerns expressed “by the vast majority of commenters” that the “low income” definition of 350% of the federal poverty level would have “created significant administrative challenges for health centers” and that those challenges would have resulted in a diversion of resources from patient care in the midst of the COVID-19 pandemic
 
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