Trump to sign executive order he says will slash drug prices by up to 80% (1 Viewer)

[stealthycat]

What example are you looking for? Or are you just trolling as usual?

it was said Kamala was doing the same - right? the link I posted showed she wanted Govt controlling food prices, not drug price fairness when compared to other countries

so show me - what example of a food pricing can be compared to how the disparity in drug pricing is ?

 

[Airyaman]

it was said Kamala was doing the same - right?

Wrong. I see where the beginnings of your problem are. She was not proposing price controls, she was proposing penalties for price gouging during emergencies.

the link I posted showed she wanted Govt controlling food prices, not drug price fairness when compared to other countries

Wrong.

so show me - what example of a food pricing can be compared to how the disparity in drug pricing is ?

There is none because no one proposed price controls on food. Well, at least Harris didn't. But you all called it price controls. As in you specifically.

Now, when Trump wants to actually control prices, you are all about embracing the policy of Democrats. Not because any Democrats proposed it, but because Trump did.

 

[stealthycat]

Wrong. I see where the beginnings of your problem are. She was not proposing price controls, she was proposing penalties for price gouging during emergencies.

so the post #79 you made - why did you make it ?

Wrong.
There is none because no one proposed price controls on food. Well, at least Harris didn't. But you all called it price controls. As in you specifically.
Now, when Trump want to actually control prices, you are all about embracing the policy of Democrats. Not because any Democrats proposed it, but because Trump did.

 

[Airyaman]

so the post #79 you made - why did you make it ?

Please tell me you aren't really as daft as your posts portray.

 

[stealthycat]

Please tell me you aren't really as daft as your posts portray.

you're not interested in honest discussion

bye bye

 

[BirdinHand]

Please tell me you aren't really as daft as your posts portray.

They are. Their post history reveals that.

 

[Airyaman]

you're not interested in honest discussion

bye bye

Ironic.

You (and Trump and MAGA) called what Harris proposed "price controls". It was not. You said it was bad.

Now when Trump wants true price controls, you embrace it.

It's that simple.

 

[Greenbeard]

if Biden was trying to slash drug prices he'd be a God and liberals would bow at his feety .....

“If”? Biden actually did it, he didn’t just do these publicity stunts.

FACT SHEET: Biden-Harris Administration Announces New, Lower Prices for First Ten Drugs Selected for Medicare Price Negotiation to Lower Costs for Millions of Americans | The White House

New prices are expected to save millions of seniors and other Medicare beneficiaries $1.5 billion in out-of-pocket costs in the first year of the program

bidenwhitehouse.archives.gov

 

[Rexedgar]

Can’t fault his mathematics here!

 

[Airyaman]

 

[coyote505]

It shows absolute ignorance of how drugs are priced.

No one knows the net cost/price of drugs in the US. It’s all hidden behind proprietary rebate pricing.

Then this might be a good place to sic the DOG-Es

 

[Airyaman]

I can't believe he said this.

 

[Threegoofs]

Then this might be a good place to sic the DOG-Es

How would a government agency help clarify private contracts between companies?

 

[Visbek]

"Most favored Nation" Would be the fairest way to price drugs.

Or, it's a bunch of xenophobic bullshit, from a guy who
a) thinks he's a king
b) doesn't care about the actual laws
c) doesn't understand why medications cost less in other nations
d) can't be bothered to figure it out, let alone replicate it

As to whether he can pull it off---the Feds are a Very large monopsony when it comes to drug purchases...

No, it isn't. You're confusing the US with the nations that have low drug prices.

Medicare does have a lot of purchasing power... but only for Medicare recipients.

Medicaid's payments for pharmaceuticals is not set by a king. They're determined by complex negotiations at both federal and state levels, and is totally separate from Medicare's negotiations. I.e. it's all but designed to make it impossible for one entity to utilize that leverage.

And even if Medicare and Medicaid could negotiate in unison, it'd still be around 20% of the population. That gives the federal government zero leverage over costs for private insurance; if anything, it incentivizes pharmaceuticals to increase private costs, since their margins for Medicare and Medicaid would be lower.

In contrast, over 80% of Germans have state-run insurance. This gives the German government a) enormous leverage and b) influence over pricing for almost all citizens.

 

[Airyaman]

Hey MAGA, do you know one of the biggest reasons drug prices are lower in other countries?

Universal healthcare. When the government is the only buyer, then they can negotiate prices.

So call your MAGA Republican today and demand UHC!

 

[Threegoofs]

Hey MAGA, do you know one of the biggest reasons drug prices are lower in other countries?

Universal healthcare. When then government is the only buyer, then they can negotiate prices.

So call your MAGA Republican today and demand UHC!

Yeah! That'll really stick it to the libs!

 

[Airyaman]

Yeah! That'll really stick it to the libs!

Yes! Isn't that what MAGA is really about?

How much more could you own the libz than to accomplish one of their biggest goals?

Do it MAGA! Universal Healthcare to own the libz!

 

[ElChupacabra]

How much stupider can all this get?

I keep feeling we’ve reached rock bottom, then it gets stupider.

Assume it will get worse now that the "shock and awe" phase of the administration seems to be waning.

 

[ElChupacabra]

Can’t fault his mathematics here!

Wow, 90%? Listen Donnie Boy, if you're already at 90% price reduction can't you just fight to make them free?

 

[RaleBulgarian]

I think he tried this in his first term and got shot down.

Remember when Harris talked about price gouging laws and MAGA called it "price controls"? Good times...

Trump to sign executive order he says will slash drug prices by up to 80%

President Trump will sign an executive order Monday that he says will drop the prices of prescription drugs between 30-80% "almost immediately."

www.foxnews.com

“Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%”

“Almost immediately”, meaning years from now, maybe.

“Within 60 days of the date of this order, the Secretary of Health and Human Services (Secretary), consistent with sections 1191 to 1198 of the Social Security Act (42 U.S.C. 1320f-1320f-7) and other applicable law, shall propose and seek comment on guidance for the Medicare Drug Price Negotiation Program for initial price applicability year 2028“

Lowering Drug Prices by Once Again Putting Americans First

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: Section 1. Purpose.

www.whitehouse.gov

 

[uptower]

Again more theater. He signs orders for show then it doesn't pan out. The rubes will think it's a done deal.

 

[ElChupacabra]

Again more theater. He signs orders for show then it doesn't pan out. The rubes will think it's a done deal.

This will be the game plan for the next few years.

 

[Airyaman]

“Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%”

“Almost immediately”, meaning years from now, maybe.

“Within 60 days of the date of this order, the Secretary of Health and Human Services (Secretary), consistent with sections 1191 to 1198 of the Social Security Act (42 U.S.C. 1320f-1320f-7) and other applicable law, shall propose and seek comment on guidance for the Medicare Drug Price Negotiation Program for initial price applicability year 2028“

Lowering Drug Prices by Once Again Putting Americans First

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: Section 1. Purpose.

www.whitehouse.gov

If only someone had thought about lowering drug prices before!

Explaining the Prescription Drug Provisions in the Inflation Reduction Act | KFF

The Inflation Reduction Act includes several provisions that will lower prescription drug costs for people with Medicare and reduce drug spending by the federal government. This brief summarizes these provisions and discusses the expected effects on people, program spending, and drug prices and...

www.kff.org

 

[Lursa]

How much stupider can all this get?

I keep feeling we’ve reached rock bottom, then it gets stupider.

Seriously? It's only 4 months in. The toddler's still just testing his limits (SCOTUS).

This is only the tip of the iceberg. "No guardrails" and the revenge tour continues...the grooming and intimidation is already working.

 

[RaleBulgarian]

If only someone had thought about lowering drug prices before!

Explaining the Prescription Drug Provisions in the Inflation Reduction Act | KFF

The Inflation Reduction Act includes several provisions that will lower prescription drug costs for people with Medicare and reduce drug spending by the federal government. This brief summarizes these provisions and discusses the expected effects on people, program spending, and drug prices and...

www.kff.org

Biden did what Traitor Trump promised and failed to do.