RapidcreekTargeting costly meds, Biden admin asserts authority to seize certain drug patents
Pharma freakout incoming.
Excuse while I try to find my tiny violin.
I didn’t know nanotech at that scale was possible yet
The violin in question is really just a math model for string theory.
I’ll see myself out.
I just tried to play a note and generated the strong nuclear force.
halcyoncmdrThese drugs were developed with public funds and yet are sold at outrageous pricing.
If the pharma industry was at all reasonable about their pricing, this wouldn’t be a consideration at all.
If you take public funds, you can’t charge exorbitant amounts. Seems an easy trade-off decision for them to make.
^ This. R&D in PharmaWorld means mergers and acquisitions; the real moneymakers they scrape from public research, tweak and then charge for.
There should be full backpay/reimbursal from the bullshit profits
If you take public funds, you can’t charge exorbitant amounts. Seems an easy trade-off decision for them to make.
Damn I wish that were true. Telecoms got like $4bn decades ago to upgrade American infra…
Not only then, they’re allowed to recoup deployment costs as separate surcharges, not part of plan costs, and they’re still charging for infrastructure they already completed decades ago.
Add about 15% to the sticker price of any cell phone plan because of taxes and those fees.
Please do it to Eliquis. My fucking insurance just jumped it up to 275 a month.
Try to stay in good spirits. You’ll make it through!
Hey, I’m really sorry. That sounds really hard. Vent all you want if it helps.
RiccosuaveI’m sorry you are struggling, but remember to take care of yourself. You are worth it, and you can make it through this. ✊️🫶🙌
If it’s any consolation, it’s still this month and you’ve likely hit your deductible already… Cries in American healthcare
You win these, dawg
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LopensLeftArmThis is Big Dark Brandon Energy, I love it!
More than that, think of private equity looking for quick and destructive ways to make a buck, including buying the rights to cheap but essential drugs that have been on the market for decades and jacking up the price 5-fold. That is really driving prices in the 2000s. Them boys are already started running away.
Aviandelight Omg yes!!! I was just ranting the other day that all these drug shortages should come with consequences to the companies. (Looking at you Ozempic) If you can’t produce enough of your drug to keep up with demand then other companies should get a chance at making it. It shouldn’t be the patients that have to suffer.
The administration will not endorse the widespread use of march-in rights, and is not expected to take action against any individual medicines, said the people familiar with the matter, who were granted anonymity to discuss internal decision making.
Important bit from that, lest anyone think they’re actually going to do something.
I would be delighted if they did, but I would also be very surprised if they actually assert these rights on medicines developed with public funds, which is what they should do - just all of the medicines developed with public funds, patents seized, end of story.
Important bit from that, lest anyone think they’re actually going to do something.
They’ll expect us to rejoice as though we can afford the meds our taxes paid to research anyway.
HELL FUCKING YES