"...the cost of prescription drugs needs to be controlled."
By government? That's one way to create a shortage of prescription drugs. Why would a company do the R&D, if they can't make a profit? For all that folks talk about the high profits, what are the P/E ratios of the drug companies? Do they pay dividends? If so, what %?
The most corrupt Administration since the Teapot Dome destroyed our worldwide reputation and destroyed our most precious liberties in order to give itself supreme, unassailable unchecked power. It catered to the very rich and waged total war against the middle class. At the same time it did everything possible to insulate itself from even the smell of reality.
If this administration is so corrupt and has destroyed our most precious liberties, take your proof to the now-Democratic Congress and demand impeachment proceedings and criminal investigations against Rove, Cheney, etal.
In the short run the prices would come down, but unless the government was willing to underwrite research costs - which is unlikely - there would be far fewer new medications down the line.
Art is absolutely right. Many people don't take into account what it costs the drug companies to develop these new medications. The Democrats I'm sure would love to control the price of prescription drugs as a way of buying votes. In the short run the prices would come down, but unless the government was willing to underwrite research costs - which is unlikely - there would be far fewer new medications down the line.
That's odd... Canada has such strict controls on the costs of medications that Americans have long been going up there to buy their meds. I must have missed all the reports of how all the pharmaceutical companies are going to halt sales to Canadian pharmacies because they're losing so much money...
NEW MEDICARE DRUG PLANS FAIL TO PROVIDE MEANINGFUL DRUG PRICE DISCOUNTS
PREPARED FOR REP. HENRY A. WAXMAN
<snip>
The report finds that the complicated Medicare drug benefit now being offered to seniors has not succeeded in reducing drug prices. The average drug prices offered by the ten leading Medicare drug plans are higher than each of the four benchmark prices. Specifically, the report finds that the drug prices offered by the Medicare drug plans are:
• Over 80% higher than the prices negotiated by the federal government.
• Over 60% higher than the prices available to consumers in Canada.
• Over 3% higher than the prices available on Drugstore.com.
• Almost 3% higher than the prices available at Costco.
</snip>
Right. And the pharmaceutical companies have no past experience to go by... so they have no idea what it costs to bring a drug into the US market... and they have no way to forecast the sales of a particular drug... so they have no idea how to amortize the cost of R&D over a certain time period...
Drugs cost less in Canada because the Canadian government is the sole (or perhaps largest) purchaser of drugs IN Canada, and they have negotiated preferred pricing for themselves. It's the same thing our government could do for us, if they weren't bought out by the lobbyists.
Instead, the lobbyists pay the politicians, the politicians roll over, and the pharmaceutical companies make a ton more money than they would otherwise make. It's all done "for the stockholders".
Bush II has done everything to destroy America in record time. Bush II is
our Nikolai II and Wilhelm II rolled into one bumbling, violent dumb****. Thanks
to him, the mighty American empire is disintegrating before our eyes – no won-
der Putin, the Iranian mullahs and bin Laden wanted to see Bush II re-anointed.
No president in history has accomplished so much destruction so quickly – the
destruction of the American armed forces, the destruction of the economy
and the dollar, a record deficit ensuring our decline for decades, a huge redistrib-
ution of wealth from the middle-classes to the rich thereby ensuring social ten-
sion for decades, and encouraging the kind of cult superstition and ignorance
that has made places like Iran* and Saudi Arabia the beacons of cultural and tech-
nological innovation they are today.
Why would a company do the R&D, if they can't make a profit?
I remember reading a pharmacologist's essay in a newspaper here.. about how the
Big Pharma isn't really into R&D, and mainly capitalizes on university research.
Ah, the benefits of socialized medicine. Please disregard the fact that those costs can be negotiated so low because there is another market available to make up the difference.
Yup. It's all a vast conspiracy (would that be left wing, right wing, or whole bird since the Dems and the Reps both have to play into it?). I bet the FDA even sets up the tests just so the drug companies can have cover.
I remember reading a pharmacologist's essay in a newspaper here.. about how the
Big Pharma isn't really into R&D, and mainly capitalizes on university research.
Yes.. and that they spend 1/3 more on advertisment than on R&D.