Trump's drug price ultimatum sets pharma firms scrambling

[TangoNoCash]

A fresh ultimatum demanding "binding commitments" to lower U.S. drug prices sent pharma firms scrambling Friday.

Trump's drug price ultimatum sets pharma firms scrambling

A fresh ultimatum demanding "binding commitments" to lower U.S. drug prices sent pharma firms scrambling Friday.

www.cnbc.com

For my hyper partisan friends I’m going to say that this is something potentially good from Trump that I approve of. Since I like it I have full confidence he with Taco to pharma.

 

[Ikari]

Potentially, I'm gonna leave it in the "I'll believe it when I see it" file.

 

[Decypher]

90% of prescription drugs consumed in the US are imported. Tariffs on pharmaceuticals which Trump constantly threatens won’t do much to lower prices. But then he’s an economic illiterate so this ultimatum won’t go anywhere.

 

[ScrambledEggs]

Cons love their small guberment POTUS telling pharma companies what to do

 

[Peacenik]

"They [drug companies] were told that if they "refuse to step up," the government will deploy every tool in its "arsenal to protect American families from continued abusive drug pricing practices," without stating what those measures could be."

What's he going to do? Call them names?

 

[CLAX1911]

A fresh ultimatum demanding "binding commitments" to lower U.S. drug prices sent pharma firms scrambling Friday.

Trump's drug price ultimatum sets pharma firms scrambling

A fresh ultimatum demanding "binding commitments" to lower U.S. drug prices sent pharma firms scrambling Friday.

www.cnbc.com

For my hyper partisan friends I’m going to say that this is something potentially good from Trump that I approve of. Since I like it I have full confidence he with Taco to pharma.

Yeah I'm not sure why they think that the US has to pay a premium when a lot of these companies the US taxpayer funds the research as they do get grants from governments.

But the question is, is this going to be price parody or lower costs for the US. They may just jack up the costs on Europe but at the same time there's no rule that Europe can't have its own pharmaceutical research and then create competition for us drug firms.

So if big pharma in the US has to charge US citizens the same as Europeans that might mean they have to charge less because if they jack up the price on Europeans they might just start making their own drugs and then maybe if we can get some control over the FDA they might be able to import them.

This stands to be quite interesting.

 

[CLAX1911]

"They [drug companies] were told that if they "refuse to step up," the government will deploy every tool in its "arsenal to protect American families from continued abusive drug pricing practices," without stating what those measures could be."

What's he going to do? Call them names?

Cut their funding. Fund instead research from pharmaceutical companies in different parts of the world.

 

[slavablueberryjam]

Take note, Americans. Many drugs are made and researched overseas. You don't have the 'monopoly' you guys believe that you do.

 

[Peacenik]

Drug companies and the Insurance industry dictated terms to Obama during the lead-up to Obamacare. They said if he didn't take Single Payer off the table, all the millions spent helping pass the law would be redirected to make it fail.

So now Trump thinks he's so powerful he can simple rule be decree and tell these powerful corporations what to do?

Aren't they owned by billionaires?

Don't most upper class Americans have investment holdings in big pharma?

Has Dysfunctional Donald just set foot into a shit storm?

Dysfunctional Donald is deviating from P2025. The corporate overlords did not want Donald to do this. Is this Donald's idea of how to shift the news cycle away from Epstein?

Will this achieve the stated objective?

Will this achieve the alternative objective?

 

[roberthughey]

Approximately 91% of all prescriptions in the United States are filled as generic drugs. This significant share highlights the widespread use and accessibility of generic medications in the U.S. healthcare system.

Food and Drug Administration (.gov)

 

[Greenbeard]

I expect we'll see something like all the new "foreign investments"--some splashy announcement(s) to great fanfare that quietly amount to nothing once the news crews go home. Those Pharma PR teams were born for this.

 

[roberthughey]

Brand name drugs account for 80% of spending 2021.

-----------------------

In 2021, the United States spent approximately $603 billion on prescription drugs, with $421 billion allocated to retail drugs and $182 billion to non-retail medications. This amount represents a significant portion of total healthcare spending, with brand-name drugs accounting for 80% of spending but only 20% of prescriptions filled. The growth in prescription drug spending has been driven primarily by increasing costs per prescription rather than greater usage.

U.S. Government Accountability Office (U.S. GAO)+2

 

[NOLA Dude]

Cons love their small guberment POTUS telling pharma companies what to do

I was wondering what the left's spin would be to claim lower drug prices would be a bad thing.

 

[Integrityrespec]

"They [drug companies] were told that if they "refuse to step up," the government will deploy every tool in its "arsenal to protect American families from continued abusive drug pricing practices," without stating what those measures could be."

What's he going to do? Call them names?

So you like high drug pricing?

 

[Peacenik]

So you like high drug pricing?

So, put words in people's mouths much?

 

[Greenbeard]

So you like high drug pricing?

Wasn't your argument against the Dems' new drug price negotiation authority that the government . . . can't do that?

I'm curious, can the federal government pass a law forcing a private company to charge what it tells them they must? I thought that practice was illegal.

 

[CLAX1911]

Take note, Americans. Many drugs are made and researched overseas. You don't have the 'monopoly' you guys believe that you do.

Well if it winds up putting pharmaceutical companies out of business maybe they'll lose their stranglehold on the FDA and we can start testing and importing drugs from foreign markets.

I have no love for this industry I think it's diabolical.

 

[CLAX1911]

Drug companies and the Insurance industry dictated terms to Obama during the lead-up to Obamacare. They said if he didn't take Single Payer off the table, all the millions spent helping pass the law would be redirected to make it fail.

So now Trump thinks he's so powerful he can simple rule be decree and tell these powerful corporations what to do?

He can reassign people at the FDA.

Aren't they owned by billionaires?

Don't most upper class Americans have investment holdings in big pharma?

Has Dysfunctional Donald just set foot into a shit storm?

Dysfunctional Donald is deviating from P2025. The corporate overlords did not want Donald to do this. Is this Donald's idea of how to shift the news cycle away from Epstein?

Good

Will this achieve the stated objective?

Will this achieve the alternative objective?

Maybe we will see.

 

[CLAX1911]

Approximately 91% of all prescriptions in the United States are filled as generic drugs. This significant share highlights the widespread use and accessibility of generic medications in the U.S. healthcare system.
Food and Drug Administration (.gov)

Keep in mind generics are often related to non-generics.

 

[CLAX1911]

So you like high drug pricing?

For some people Trump is so bad that everything he does is wrong by default.

 

[Greenbeard]

For some people Trump is so bad that everything he does is wrong by default.

You had a lot of opinions about price controls and communism last year!

 

[ScrambledEggs]

"They [drug companies] were told that if they "refuse to step up," the government will deploy every tool in its "arsenal to protect American families from continued abusive drug pricing practices," without stating what those measures could be."

What's he going to do? Call them names?

Sounds like communism

 

[bongsaway]

"They [drug companies] were told that if they "refuse to step up," the government will deploy every tool in its "arsenal to protect American families from continued abusive drug pricing practices," without stating what those measures could be."

What's he going to do? Call them names?

Send ice after them and arrest them all for obstructing an investigation. I am so ashamed of my country at the moment.

 

[ScrambledEggs]

You had a lot of opinions about price controls and communism last year!

Cons have no core principles

 

[bongsaway]

Sounds like communism

Small government at work.