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Trump Administration Throws Down Gauntlet On Drug Prices

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joko104

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Another new year, another set of announcements by the pharmaceutical industry regarding price increases for prescription drugs. Much to the annoyance of the Trump Administration the pharmaceutical industry keeps raising list prices of drugs. At present, without the ability to institute direct price controls, there's little the Administration or Congress can do to rein in list prices. The Trump Administration has made it clear, however, that it won't tolerate business as usual. And, legislators on both sides of the aisle appear to be similarly inclined.

What may spook the pharmaceutical industry most is that in spite of being diametrically opposed on most issues, the executive branch and House and Senate Democrats (along with a number of key Senate Republicans) appear to be more or less aligned on drug prices. In particular, they seem to agree on the fact that list prices matter a lot to their constituents, patients, whose co-insurance is calculated on the basis of list prices.
Trump Administration Throws Down Gauntlet On Drug Prices

Proof that President Trump is willing to be President of we-the-people, willing to take on the biggest corporate contributors of all - the drug companies. Well done Mr. President. Keep up the good work!
 
Trump "throws down gauntlet on drug prices" by doing exactly what?
 
This is one issue on which I agree with Trump. The question is what can be done legislatively to bring prices down on an industry which has been allowed to run rampant, and right now there's been nothing but talk.
 
I've heard this come up a time or two before. IF...IF he actually does something to pull in the outrageous ballooning and price gouging Big Pharma is engaged in down, then I'll certainly give him kudos for that. But I'll have to see it to believe it.
 
joko104 said:
Another new year, another set of announcements by the pharmaceutical industry regarding price increases for prescription drugs. Much to the annoyance of the Trump Administration the pharmaceutical industry keeps raising list prices of drugs. At present, without the ability to institute direct price controls, there's little the Administration or Congress can do to rein in list prices. The Trump Administration has made it clear, however, that it won't tolerate business as usual. And, legislators on both sides of the aisle appear to be similarly inclined.

What may spook the pharmaceutical industry most is that in spite of being diametrically opposed on most issues, the executive branch and House and Senate Democrats (along with a number of key Senate Republicans) appear to be more or less aligned on drug prices. In particular, they seem to agree on the fact that list prices matter a lot to their constituents, patients, whose co-insurance is calculated on the basis of list prices.
Trump Administration Throws Down Gauntlet On Drug Prices

Proof that President Trump is willing to be President of we-the-people, willing to take on the biggest corporate contributors of all - the drug companies. Well done Mr. President. Keep up the good work!
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Yep Trump is going to give them a good VERBAL thrashing. That will make them change their prices alright. :roll:
 
Praxas said:
Yep Trump is going to give them a good VERBAL thrashing. That will make them change their prices alright. :roll:
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Heck it did last year for about 1 month.

So this should be good for about 2 weeks
 
ElChupacabra said:
This is one issue on which I agree with Trump. The question is what can be done legislatively to bring prices down on an industry which has been allowed to run rampant, and right now there's been nothing but talk.
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I would like to see them weaken patent right laws. I dont think they should be renewable. Many of tje prescription cost problems are because generics dont exist for certain drugs.

Sent from my SM-G965U using Tapatalk
 
joko104 said:
At present, without the ability to institute direct price controls, there's little the Administration or Congress can do to rein in list prices.
Click to expand...

Is that an ability Trump seeks?
 
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