Trump has decided on price controls for Big Pharma

19,714 Views | 311 Replies | Last: 7 mo ago by Hoyt Ag
flown-the-coop
How long do you want to ignore this user?
AG
Tom Fox said:

Funky Winkerbean said:

BigRobSA said:

***sigh***

more liberalism



get govt out of the way, not more in the way, which is what distorts the market in the first place.
How did government distort the pharmaceutical companies into formulating their current global price structure?


It didn't but a private business is free to price however they desire. Americans don't have to buy.


Right, and Trump is saying lower your prices or Americans are not buying from you.
BigRobSA
How long do you want to ignore this user?
KillerAg21 said:

Socialist polices. I think this is a great step in the correct direction. I just think it's funny that yall don't realize it is socialist. Now I just have to get yall to agree to Universal Healthcare and we will be peas in a pod.
Give him time.

He's already been pro-UHC for a good while. Just his version, so it will be "Trumpcare".

And, if he proposed it, his sycophants would be calling it an awesome idea. He could simply rename Obamacare and they'd fall over themselves trying to call it the best move ever.
flown-the-coop
How long do you want to ignore this user?
AG
Maybe he will offer to return it if they lower their prices.

And foolish on them to bribe the man who cannot be bribed.
Tom Fox
How long do you want to ignore this user?
flown-the-coop said:

Tom Fox said:

Funky Winkerbean said:

BigRobSA said:

***sigh***

more liberalism



get govt out of the way, not more in the way, which is what distorts the market in the first place.
How did government distort the pharmaceutical companies into formulating their current global price structure?


It didn't but a private business is free to price however they desire. Americans don't have to buy.


Right, and Trump is saying lower your prices or Americans are not buying from you.


Trump does not get to make that decision for the private consumer. If I want to buy it at $100k a pill that is my prerogative.

He needs to stay in his lane and stop letting his liberal democrat bonafides slip out.
Ag with kids
How long do you want to ignore this user?
AG
Logos Stick said:

I can't wait to see the left defend Big Pharma.

I'm opposed to price controls, but I want something done about **** countries like Canada getting cheap drugs funded by US citizens.



I hate price controls, too.

But this is just making EVERYONE foot the cost instead of just the US.

Getting rid of them using us to subsidize THEIR drugs.
Kansas Kid
How long do you want to ignore this user?
flown-the-coop said:

KillerAg21 said:

Wow Trump is turning into a socialist commie. I wonder how MAGA is going to conform itself to being for free market capitalism yet rooting for socialist polices like this.


Asking to pay the same price as everyone else is capitalist, not socialist.

So why were Bernie, AOC, and Elizabeth all for this when Biden opposed it and the Republicans all opposed negotiating drug prices? I guess dictating them rather than negotiating makes all the difference.
Tom Fox
How long do you want to ignore this user?
Ag with kids said:

Logos Stick said:

I can't wait to see the left defend Big Pharma.

I'm opposed to price controls, but I want something done about **** countries like Canada getting cheap drugs funded by US citizens.



I hate price controls, too.

But this is just making EVERYONE foot the cost instead of just the US.

Getting rid of them using us to subsidize THEIR drugs.


Then negotiate with those countries. Do not use the power of the government to set price controls for private American businesses.
coconutED
How long do you want to ignore this user?
AG
Tom Fox said:

Then negotiate with those countries.

You mean like Trump is doing with tariffs? Funny, you didn't like those either...
sam callahan
How long do you want to ignore this user?
Price controls are bad. But if they do have a role maybe it's with monopolies.
Ags4DaWin
How long do you want to ignore this user?
It's not price controls.

Pharma is free to charge whatever they want. But they must charge the same amount to everyone.

It's up to them how much they want it to be.

What they are currently doing is basically collusion and deciding which consumers to bill and screw.

And that is the US consumer.

I give zero ****s what they do.

The good thing here is that if prices come down, the dems absolutely cannot undo this executive order without major backlash when prices go back up.

This is a good strategy and good trump.

But it's not price controls.

Price controls set a maximum price.

This does not do that. Pharma is free to charge whatever they want.
Old McDonald
How long do you want to ignore this user?
wow, great trump. never thought i'd see the day republicans cheered on price controls but i'm glad to be wrong.
Ags4DaWin
How long do you want to ignore this user?
It's not price controls.
Ags4DaWin
How long do you want to ignore this user?
KillerAg21 said:

It by definition is not free market capitalism. Having the government tell the free market how it can sell its products and for how much is inherently a left policy.


Nope. Telling a monopoly it cannot selectively screw a certain class of customer (US consumers) prevents monopolistic style price controls.
Old McDonald
How long do you want to ignore this user?
Ags4DaWin said:

It's not price controls.
if it makes you feel better to believe that then I won't stop you, i'm just happy the economic populists made big pharma their one exception for indulging in a little socialism
FIDO*98*
How long do you want to ignore this user?
AG
By and large, we can't send prescriptions to other countries and get them filled and shipped back. That gives Pharma a monopoly through regulation.

Most favored nation status levels the playing field and is not remotely price control. As has been pointed out, big pharma is still free to set whatever price they want. It's just going to now be a global price and not a screw Americans price
Deputy Travis Junior
How long do you want to ignore this user?
I think you're vastly overestimating how much leverage pharma companies have in price negotiations over in Europe.

Trump should be using his shotgun tariff threats to twist Europe's arm into removing its pharma price controls. Do that and this takes care of itself.
Kansas Kid
How long do you want to ignore this user?
Can someone show me where in the Constitution the US President has the authority to mandate this by Executive Order? If he has this authority, then I assume he can also fix gasoline prices, egg prices, etc the same way.
BigRobSA
How long do you want to ignore this user?
Kansas Kid said:

Can someone show me where in the Constitution the US President has the authority to mandate this by Executive Order? If he has this authority, then I assume he can also fix gasoline prices, egg prices, etc the same way.
I bet they'll use the Commerce Clause, like other liberals have, to use a govt cudgel to **** things up even more instead of doing things conservatively.

And, this time, it'll be the bestest use of the CC ever. EVAR!
Burnsey
How long do you want to ignore this user?
AG
KillerAg21 said:

Socialist polices. I think this is a great step in the correct direction. I just think it's funny that yall don't realize it is socialist. Now I just have to get yall to agree to Universal Healthcare and we will be peas in a pod.
I'm not interested in being in your pod, but thx. Free markets are the solutions and R's don't have to agree with Trump on every issue and solution.
JB99
How long do you want to ignore this user?
AG
Ag with kids said:

Logos Stick said:

I can't wait to see the left defend Big Pharma.

I'm opposed to price controls, but I want something done about **** countries like Canada getting cheap drugs funded by US citizens.



I hate price controls, too.

But this is just making EVERYONE foot the cost instead of just the US.

Getting rid of them using us to subsidize THEIR drugs.


Pretty simple concept. American consumers are subsidizing drug companies in the US and the rest of the world gets a free ride.
Kansas Kid
How long do you want to ignore this user?
BigRobSA said:

Kansas Kid said:

Can someone show me where in the Constitution the US President has the authority to mandate this by Executive Order? If he has this authority, then I assume he can also fix gasoline prices, egg prices, etc the same way.
I bet they'll use the Commerce Clause, like other liberals have, to use a govt cudgel to **** things up even more instead of doing things conservatively.

And, this time, it'll be the bestest use of the CC ever. EVAR!

Ummmm. That is in Article 1, Section 8. That is powers for Congress not the President by Executive Order.

I will agree that Congress could pass a bill and the President could sign it that would likely be Constitutional but that isn't what he is doing here.
Tom Fox
How long do you want to ignore this user?
coconutED said:

Tom Fox said:

Then negotiate with those countries.

You mean like Trump is doing with tariffs? Funny, you didn't like those either...


You're confusing me with other posters. I had no issue with using tariffs to protect US companies. It will raise prices on consumers because the cost will be passed along to them but I did not care about it. Tariffs have been used against foreigners since our nations inception.

This is doing the opposite. He is targeting US companies and setting their prices based on what they are charging other customers.

It would be the same as telling me that I have to charge every legal client the same rate, which I certainly do not. It is none of the government's business what I charge unless they are contracting my services for themselves and even then they do not get to mandate what I charge, they can obviously take their business elsewhere if they do not like my pricing.
newbie11
How long do you want to ignore this user?
flown-the-coop said:

Dems will say that this will put thousands of good union pharmaceutical jobs at risk.

That it's reckless of Trump and will lead to stagnation in development of new drugs, most of which would benefit the least fortunate, most vulnerable amongst us.
You should write for cnn
FobTies
How long do you want to ignore this user?
CNN is reporting that Trump has lowered the price of fentanyl.
Fitch
How long do you want to ignore this user?
AG
Very interesting timing in the context of the reconciliation bill being finalized in the House, with the committee overseeing cuts to Medicaid (Energy & Commerce) convening on Tuesday.

One of the late breaking proposals that was to be included in the bill was essentially this same thing, but pharma lobbyists got wind of it late last week and interceded with pressure to have it stripped out.

Then today in swoops this announcement of an EO on Monday, the day before the committee meets for markups and final voting.

Seems like a solid one-two punch to get it put back in and ratified as law to reap "savings cuts."
nortex97
How long do you want to ignore this user?
AG
Including this would be interesting.

I've never really understood how/why simply importing a product that is sold for vastly less abroad, is illegal. I've tried to wrap my mind around this but have just failed. Yes, product safety/integrity should be confirmed, but we do that with millions of other products all the time.
Funky Winkerbean
How long do you want to ignore this user?
AG
BigRobSA said:

Funky Winkerbean said:

BigRobSA said:

***sigh***

more liberalism



get govt out of the way, not more in the way, which is what distorts the market in the first place.
How did government distort the pharmaceutical companies into formulating their current global price structure?
In a lot of countries, the liberal morons there have done what.....PRICE CONTROLS.....and, guess what.....those countries don't make **** for new meds.

And our govt has made things worse here via medicare and other market interference.

SO, no, liberalism isn't the answer....yet again.


Didn't answer the question.
Pichael Thompson
How long do you want to ignore this user?
Why not just remove all the idiotic fda controls & open up competition?
ts5641
How long do you want to ignore this user?
They'll find a way to attack Trump over this and all be in lockstep the moment the memo goes out.
RebelE Infantry
How long do you want to ignore this user?
AG
B-1 83
How long do you want to ignore this user?
AG
Ag4life80 said:

Big pharma wants to treat you, not cure you
Horse&$#@ talking point that sounds so…………..edgy. If you think there's no money in cures for diseases, think again.
Being in TexAgs jail changes a man……..no, not really
Kansas Kid
How long do you want to ignore this user?
Ags4DaWin said:

KillerAg21 said:

It by definition is not free market capitalism. Having the government tell the free market how it can sell its products and for how much is inherently a left policy.


Nope. Telling a monopoly it cannot selectively screw a certain class of customer (US consumers) prevents monopolistic style price controls.

I would love to hear how Pharma is a monopoly. For most conditions there are lots of alternative medications. The exceptions tend to be where a new drug is developed as the first treatment. That said, if it is successful, a lot of other companies try to get their own treatment.

Want proof of the market at work, see how many weight loss products are now on the market and how many companies are trying to get new treatments. The prices charged are rapidly dropping.

If Medicare, Medicaid and the VA want to negotiate prices, by all means do it just like the insurance companies do but that is a lot different than setting prices for all US consumers. The one thing from negotiating prices though is then people in those programs shouldn't complain when they can't access selected treatments because the seller doesn't agree to a price with the government.
No Spin Ag
How long do you want to ignore this user?
Logos Stick said:

I can't wait to see the left defend Big Pharma.

I'm opposed to price controls, but I want something done about **** countries like Canada getting cheap drugs funded by US citizens.





Sticking it to one of the "Bigs."

Good Trump.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
MouthBQ98
How long do you want to ignore this user?
AG
I generally don't like authoritarian price controls as policy and the history of them is long term failure BUT in an international market, where one major market has no controls and pretty much all the others implement controls, the no controls market might operate as the safety valve to sustain overall target profitability and bear the entire burden of supporting the desired margin for the product as a whole in a heavily manipulated market. In that circumstance, the competition is also the control itself, and if everyone's price controls compete to go as low as possible without shutting down the incentive to produce then it sort of achieves a crude equivalent of market pricing but with a brinksmanship dilemma of risking eliminating the product from the market entirely by making it unprofitable.
flyrancher
How long do you want to ignore this user?
AG
Too many folks getting triggered by their emotional response to words they hate or fear. Forget the details.

This all comes down to America first versus Globalism. The globalists all want the US in the same sewer as the rest of the world. Their elite virtue signaling requires us to destroy our nation and lower our public to the serf level experienced by people in other countries. But the elites desiring that outcome won't have to exist at that serfdom level.

Their plan to ensure that happens, is to continually create policy that steals money from the US and gives it to other countries. Every policy supported by liberals does that simple thing. Take from American Main Street and give to every foreign country. Unfortunately it never helps their populous because it always gets shortstopped by the corrupt government officials. That is why liberals created the UN, a globalist's wet dream. Have you noticed that liberals favor anything the UN can possibly do to control Trumps actions?
flyrancher
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.