160 Comments

Ta, Dok. What gets skipped over by every one of these predatory corporations is all the FEDERAL monies they used to develop these drugs in the first place.

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Sherrod Brown's first foray into federal government was as a Congressman. His district was up in northern Ohio. He organized the first charter bus trips for seniors to Canada to buy their prescription medications.

Canada has, gasp, price limits on their prescription drugs.

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Goddamn do big corporations hate the invisible hand of the marketplace.

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two inhalers i take are on the first list . . . should save me at least $100/month!

[ maybe now i can get my car fixed ]

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"Again, Neener, and also Neener."

I am going to tuck this one in my waistband for deployment on the WaPo comment section, knowing that it is now a Doctor of Rhetoric-approved construction.

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Mar 12·edited Mar 12

“has no legitimate claim of entitlement to sell its drugs to the Government at any price other than what the Government is willing to pay; “

Now it’s been a long since I took macroeconomics, but I’m pretty sure that’s how capitalism works. The seller offers a product at a certain price and the buyer decides if they’re willing to pay that amount. If they aren’t, then the seller has no choice but to lower their price. There’s no inherent right to charge high prices just because you want more money.

Now, I know price gouging has become so commonplace that many people may have forgotten this principle, but this is how it’s supposed to work.

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founding

Price gouging is a concise summary of Big Pharma's business model. Of course they object when their victims say that they are not going to take it anymore, extortionists never do take being thwarted quietly.

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"Take it or leave it" has been the business model of Big Pharma forever.

Now it's being done to them, and they don't like it one bit.

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The sadness of my enemy is my happiness. (Or something like that.)

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Just to remind folks, the original Medicare drug bill (part D) prohibited negotiation on prices by CMS and was shepherded through the Senate by Billy Tauzin (R-LA). The day he left the Senate, Tauzin went to work as the top lobbyist for Big Pharma.

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I haz a confuse. These negotiated prices, they are negotiated, yes? The drug companies have the opportunity to say "We lose money at this point, we've got to have at least this much" and so forth? It really is about how much excess profit they can claw from the market by having a monopoly?

Funny how people only want capitalism when it suits them.

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Funny how people only want late-stage oligarchic vulture 'capitalism' cancer. Adam Smith is rotissing in his fucking grave at the idea they try to pass this off as 'capitalism.' it's as bad as what Stalincunt and his cronies did to the brilliant Marx.

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Haggle properly. This drug isn't worth nineteen.

Well, you just said it was worth twenty.

Come on. Haggle.

All right. I'll give you ten.

That's more like it. Ten?! Are you trying to insult me?! Me, with a poor dying grandmother?! Ten?!

All right. I'll give you eleven.

Now you're gettin' it. Eleven?! Did I hear you right?! Eleven?! This cost me twelve. You want to ruin me?!

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MSNBC covering the Hurl hearing because WHY? What important information do they think Hurl is going to reveal? The sole purpose of calling him to testify is to prove that Joe Biden is unfit for office, so we have to assume that is MSNBC's sole purpose for airing this bullshit. Well, you go, MSNBC, I'll be watching a different channel. Thanks to the Supreme Court we're watching show trials by fucking idiots in Congress while we miss ACTUAL criminal trials.

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Well, if that was the purpose, it didn’t work out as planned.

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The rules have changed. Adapt accordingly.

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All well and good, but where was the federal government when I was negotiating with my dealer in the 90s????

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founding

That's what I'd like to know.

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Won't someone please think of the stockholders?

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Mar 12·edited Mar 12

I'm an RN that works in a hospital - working in a relatively wealthy footprint and still so many people we have on the floor have public aid, are underinsured or uninsured. FIRST HAND EXPERIENCE - yesterday trying to discharge a person on public aid insurance on an antibiotic - mind you THEY FUCKING HAVE SOME FORM OF INSURANCE. Docs write for antibiotic to be filled in hospital outpatient pharmacy (where I also get my own meds). Spouse goes to pick up antibiotic. Pharmacy won't even fill it because this PUBLIC AID INSURANCE required a PRIOR AUTHORIZATION for a middle of the road antibiotic. It's as if insurance companies' goals are to collect all the money they can and not provide any HEALTH CARE. I was pissed because the fucking hospitalists didn't run it through insurance first (I know it's a PITA for them). Now it was my problem - I spent the day asking for a solution from the physicians - crickets for awhile. They through the problem in social work's basket. After several hours - they change to a similar antibiotic that was wide-spectrum enough to be effective AND covered by the real insurance. I have other stories of not being able to discharge people on weekends because Bristol Myers Squibb isn't open to issue coupons for people to barely afford Eliquis (Which is on Biden's list). Bottom line - we need someone to go after PRIOR AUTHORIZATON from Insurance Companies next.

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Nixon supported privatization of health care as a "market solution" to lack of health access after the purity patrol could just not stomach LBJ.

Sigh.

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I seem to remember that there was some documentation of Nixon’s conversations with Kaiser that was, shall we say, illustrative of the fact that it was all about ratfucking the public.

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founding

It's as if insurance companies' goals are to collect all the money they can and not provide any HEALTH CARE. as if ...

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A few years ago I heard on the radio an interview with a former insurance company executive. He explained the the insurers are not in the health-care business, they are in the health-care-denial business.

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This was made obvious in the first third of the the animated movie "The Incredibles" when Bob Parr (the super hero dad) lost his job at an insurance business by telling (by "not telling") an old lady where and how to get her claim OKed

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The business model is to collect premiums, not to pay claims. This is true of any insurance.

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After my mother passed away, we found a brand new bottle of Eliquis at her house. My brothers wanted to drop it off at the pharmacy but I said no. One of her friends found someone who was on it and we gave it to him. He said he didn't know how he would afford both food and medicine that month. I felt glad we could help him. That shit is like $600.

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all this healthcare tomfoolery was predictable when insurance companies essentially took control of the market (spiraling costs made this inevitable) … talk about your own petard, mad cost increases & good old greed drove control to the deepest pockets … it’s country simple, insurance companies make more money by not paying claims, it’s not brain surgery … big pharma has its fingerprints all over the meteoric rise …

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