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Thread: Liberals dare Trump to back their bills lowering drug prices

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    Re: Liberals dare Trump to back their bills lowering drug prices

    Quote Originally Posted by TU Curmudgeon View Post
    Medication prices are NOT ballooning OUT OF CONTROL, the drug manufacturers are in complete control of the increases.
    Riiiiight, unregulated capitalism is the best way to control health care costs. Tell me, TU, why is it that the US has such higher medication costs than most other industrialized nations?
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    Re: Liberals dare Trump to back their bills lowering drug prices

    Quote Originally Posted by apdst View Post
    Because Canada's testing criteria is lower than that of The United States.
    Thank you for your input.

    Now, with specific reference to Canada's Food and Drugs Act (R.S.C., 1985, c. F-27), Canada's Food and Drug Regulations (C.R.C., c. 870), and the Canadian Service Standards for Drug Submission Evaluations (Pharmaceuticals and Biologic Products) under the Food and Drug Regulations - Health Canada please point out where the lower testing criteria are.

    Please note, if you are unable or unwilling to do so, I will rate the appropriate level of respect and consideration that your reply deserves accordingly.

    Quote Originally Posted by apdst View Post
    Voting for this bill would be an outright rebuke of the FDA. Every pharmacuetical company in the country would move to Canada, taking those jobs with them.
    The last time I looked into the matter, the FDA did NOT set the retail prices of pharmaceuticals in the US.

    Am I wrong?

    PS - You do realize that the regulations would apply to imported medications as well, don't you?

    PPS - Is what you are really trying to tell me that the American drug manufacturers will do ANYTHING in order to keep their profit margins as high as they are - regardless of what effect that has on the average American?

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    Re: Liberals dare Trump to back their bills lowering drug prices

    Quote Originally Posted by Phys251 View Post
    Riiiiight, unregulated capitalism is the best way to control health care costs. Tell me, TU, why is it that the US has such higher medication costs than most other industrialized nations?
    Because the US companies can charge whatever they feel like charging (which is not, in and of itself, a bad thing) and because the laws of the United States of America prevent the largest purchaser of medications in the US from actually bargaining effectively with the drug companies over medication prices.

    BC has a "Pharmacare" program under which the absolute maximum that a FAMILY has to pay in medication costs in one year is $10,000 and to reach that level the FAMILY has to have a taxable income of around $300,000. If the family income is $30,000 or less, then the FAMILY maximum is $0.00. You can check to see what your family would pay HERE.

    Of course, that only refers to the drugs that are on the "approved list" (primarily generics) but the BC government manages to negotiate quite a good price for those drugs since it is (in effect) the major purchaser of about 99% of them and if it isn't buying your product then (essentially) no one is.

    In this case the "supply" in "supply and demand" is market and that lets the supplier "demand" a square deal.

    Oh yes, and another reason is that the drug companies tell you that they have to charge so much because they have to make up for the lower prices that other customers are paying. Since none of those drug companies are actually selling the drugs BELOW cost, what is being "made up" is the profits that the drug companies could have made if their other customers were willing to pay more.


    By analogy, if it costs me $10.00 to put a meal on the table of my restaurant, and I want to make $10.00 on each meal that I put on the table of my restaurant, I have to charge everyone $20.00 per mean. That much is obvious.

    But if I charge the first two people who come in only $10.00 then I'm going to have to charge the third person $40.00, aren't I?

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    Re: Liberals dare Trump to back their bills lowering drug prices

    Quote Originally Posted by apdst View Post
    Because Canada's testing criteria is lower than that of The United States. Voting for this bill would be an outright rebuke of the FDA. Every pharmacuetical company in the country would move to Canada, taking those jobs with them.
    Where did you get the idea that they'd allow non-FDA approved drugs to be imported for medical use?
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    Re: Liberals dare Trump to back their bills lowering drug prices

    Quote Originally Posted by Deuce View Post
    Where did you get the idea that they'd allow non-FDA approved drugs to be imported for medical use?
    If they import drugs from Canada, the drugs will not be FDA approved.

    If the drugs that are imported from Canada have to receive FDA approval before hitting the US market, you can forget about the drugs being cheaper than domestically produced drugs.
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    Re: Liberals dare Trump to back their bills lowering drug prices

    Quote Originally Posted by TU Curmudgeon View Post
    Thank you for your input.

    Now, with specific reference to Canada's Food and Drugs Act (R.S.C., 1985, c. F-27), Canada's Food and Drug Regulations (C.R.C., c. 870), and the Canadian Service Standards for Drug Submission Evaluations (Pharmaceuticals and Biologic Products) under the Food and Drug Regulations - Health Canada please point out where the lower testing criteria are.

    Please note, if you are unable or unwilling to do so, I will rate the appropriate level of respect and consideration that your reply deserves accordingly.



    The last time I looked into the matter, the FDA did NOT set the retail prices of pharmaceuticals in the US.

    Am I wrong?

    PS - You do realize that the regulations would apply to imported medications as well, don't you?

    PPS - Is what you are really trying to tell me that the American drug manufacturers will do ANYTHING in order to keep their profit margins as high as they are - regardless of what effect that has on the average American?
    The cost of getting approval sets the retail price.

    I know this will sound crazy in your little communist mind, but pharmacuetical companies are in business to make a profit.
    Quote Originally Posted by HenryChinaski View Post
    You people are my problem. Youíre a major component of whatís wrong with this country.
    It's more important to be morally right than factually correct - Alexandria Ocasio-Cortez

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    Re: Liberals dare Trump to back their bills lowering drug prices

    Quote Originally Posted by TU Curmudgeon View Post
    Knowing that the bill doesn't have a chance of even coming to a vote in the Senate, much less of being passed by the Senate if it did come to a vote in the Senate, and even more much less being signed by Mr. Trump if it was passed by the Senate, I don't see why they wouldn't.

    After all, "We voted to keep medication costs down. The Republicans voted to preserve the profits of Big Pharma." makes for great campaigning.

    "We voted to keep medication costs down, and the Republicans agreed with us - BUT Trump vetoed it so that the profits of Big Pharma would be preserved" works pretty well too.
    One of the interesting things being in NJ is the insight I've gotten from the people whom I've met in the pharmaceutical industry. This industry is pretty much untouchable in the state because they're such a massive presence and influence. Democratic senators in the state talk tough, but don't act on it when they have to.

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    Re: Liberals dare Trump to back their bills lowering drug prices

    Quote Originally Posted by apdst View Post
    If they import drugs from Canada, the drugs will not be FDA approved.

    If the drugs that are imported from Canada have to receive FDA approval before hitting the US market, you can forget about the drugs being cheaper than domestically produced drugs.
    You are under the impression that this is a separate class of drugs that have never been in the US. Thatís your source of confusion.
    Quote Originally Posted by apdst View Post
    Are you sure? Race is the only difference between Swedish socialism and Venezualan socialism.

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    Re: Liberals dare Trump to back their bills lowering drug prices

    Quote Originally Posted by Deuce View Post
    You are under the impression that this is a separate class of drugs that have never been in the US. That’s your source of confusion.
    Link?
    Quote Originally Posted by HenryChinaski View Post
    You people are my problem. Youíre a major component of whatís wrong with this country.
    It's more important to be morally right than factually correct - Alexandria Ocasio-Cortez

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    Re: Liberals dare Trump to back their bills lowering drug prices

    Quote Originally Posted by apdst View Post
    The cost of getting approval sets the retail price.
    Drug makers don’t price at cost.

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