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View Poll Results: Should Ohio Congresspersons act to lower drug prices?
I support Sen. Sherrod Brown's efforts to lower U.S. drug prices 3 30.00%
I support Brown's efforts to lower drug prices, but importation of cheaper Canadian drugs also should be allowed 5 50.00%
I oppose any effort of Congress to regulate drug prices 2 20.00%
I don't care 0 0%
Voters: 10. You may not vote on this poll

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Old 04-10-2017, 02:42 PM
 
11,610 posts, read 10,305,642 times
Reputation: 7213

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Ohio Sen. Sherrod Brown has introduced legislation to lower drug prices, and there is speculation that Pres. Trump actually will support similar or other legislation to lower drug prices.

https://www.brown.senate.gov/newsroo...ntroduces-prop

https://www.brown.senate.gov/newsroo...wn-drug-prices

One key issue is whether Americans should be allowed to purchase cheaper drugs from Canada.

<<One thing on the Democratic wishlist is letting people buy safe, established drugs from Canada where they are much cheaper. “He specifically brought up drug re-importation, something he [Trump] supports,” noted Welch. Though this has traditionally been a Democrat-supported issue, Republicans like Sen. John McCain (AZ) and Trump have supported these measures.>>

https://www.yahoo.com/news/democrats...154540390.html

<<
Voters regardless of party have supported some of Trump’s most prominent ideas on drug pricing, including government negotiations and allowing Americans to import drugs from Canada. And in January, a Kaiser Family Foundation poll found most Americans, including 55 percent of Republicans, said lowering the cost of prescription drugs should be a top priority for Trump and Congress.
There are “not a ton of issues” that draw such widespread support, and this would give Trump a chance to deliver a victory for his base, said Ben Wakana, executive director of Patients for Affordable Drugs.


“We think Trump’s interest in achieving something on drug pricing remains strong and should not be discounted,” Terry Haines of investment firm EverCore ISI wrote to investors this week.

Some of Trump’s policies won’t win much support from Republicans in Washington — even Gottlieb and HHS Secretary Tom Price oppose negotiations and importation.>>

Politico Pro: Trump Could Turn to Drug Prices After Obamacare Defeat | Patients For Affordable Drugs
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Old 04-10-2017, 03:29 PM
 
Location: Shaker Heights, OH
5,266 posts, read 5,187,557 times
Reputation: 4309
This is one more reason why this county should get with the times and implement Universal Healthcare like in Europe or Canada. In those places, if Big Pharma wants to sell their drugs, they have to deal with the gov't and price them accordingly.

I have to have an EpiPen because of a severe bee allergy. It was totally immoral when for no reason at all the company which was already charging an outrageous price of $100 for it jumped it up to $600.

Generics should be allowed to be made within 1 year of a new drug coming out. We should be allowed to buy in Canada. Price controls should be put in place.
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Old 06-11-2017, 05:40 AM
 
2,903 posts, read 1,960,984 times
Reputation: 3474
If I read the first link right Sherrod Brown's plan would allow for the importation of medicine from Canada. If that's the case then option one and two on the poll basically say the same thing.

I voted for the first option, although I don't think importing drugs from Canada is necessary. If Congress passed a law that drug manufacturers could not charge Americans more than they charge Canadians, the British, the French, and other developed nations prices would have to come down and we wouldn't have to import anything.

My blood was boiling after hearing a spokeswoman for the drug industry say on Fox News ten or so years ago that Americans were paying high prices "...because somebody has to pay for them!". She had been asked why Americans were paying such high prices when Canadians and people in other developed nations were paying so much less.

Our elected leaders could solve the issue easily if they wished to. Part of the corporate fascism that has taken over our two main parties.
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Old 06-14-2017, 03:18 PM
 
Location: Shaker Heights, OH
5,266 posts, read 5,187,557 times
Reputation: 4309
I agree neither party has really done anything to reign in the Pharmaceutical Nazis...and it should be a no brainer...make it illegal to charge anything more than what is charged to Canada and European Nations...if the drug companies were losing money on the sales to those nations, they wouldn't sell the drugs to them so of course they can make plenty of money by doing it...they just are greedy and don't care about anything but the almighty dollar.
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Old 06-14-2017, 03:38 PM
 
Location: Cleveland and Columbus OH
11,046 posts, read 12,331,299 times
Reputation: 10370
Price controls lead to scarcity.

What should happen is getting rid of the IP laws that artificially allow the crony socialist companies to charge high prices.
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Old 06-14-2017, 06:16 PM
 
11,610 posts, read 10,305,642 times
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Quote:
Originally Posted by bjimmy24 View Post
Price controls lead to scarcity.

What should happen is getting rid of the IP laws that artificially allow the crony socialist companies to charge high prices.
Have you ever taken any economics classes?????

Price controls only lead to scarcity when the price controls are below the cost of supply, especially the marginal cost of production, as was the case in the U.S. natural gas industry several decades ago. Don't you realize that prices in other natural monopolies, such as natural gas supply and electricity distribution, have been regulated out of necessity to prevent inefficient monopoly pricing?

When I was a kid your age, my hated politician was Ohio Sen. Howard Metzenbaum, who adamantly fought the lifting of natural gas price controls.

<<When a two week filibuster against a bill to lift price controls on natural gas was broken, Metzenbaum loaded the bill with hundreds of amendments and demanded a roll-call vote on each one, effectively killing the legislation. Metzenbaum's tactics earned him both respect and scorn from his colleagues on the Hill. While Senator Bob Dole referred to Metzenbaum as "the commissioner," Senator Ted Stevens called him a "pain in the ass.">>

https://case.edu/ech/articles/m/metz...howard-morton/

When eventually natural gas prices were decontrolled and a resulting glut of supply resulted in much lower prices than under price controls, when there actually were crippling shortages of natural gas in Ohio, even Metzenbaum admitted he had been wrong. I remember McDonald's and other fast food restaurants closing to conserve natural gas during cold spells.

http://www.nytimes.com/1977/01/19/ar...-cutbacks.html

By contrast, drug prices in most of the developed world are more than sufficient to supply profits to pharma companies, which even gouge on generic drugs in the U.S. by buying temporary monopolies of production. Drug pricing in the U.S. are outrageous, greatly negatively impacting our international competitiveness and destroying American families. The Republicans on this issue, as with climate change, are disgusting and worthy of the contempt of any informed individual.

Even Dr. Reddy's Labs in India is very profitable, supplying anti-viral hepatitis drugs in India for $1,200/dose compared to over $50,000 in the U.S. Dr. Reddy's now actually is a major supplier of generic drugs in the U.S., because the U.S. pharma companies don't want to engage in low margin activities, even though good businesses, when pots of gold are available under the U.S. drug pricing regime.

http://www.cure-hepc.com/why-is-hepa...heap-in-india/

Much as when the Japanese auto makers swamped their U.S. counterparts, Dr. Reddy's rapidly is becoming a major player in the U.S.

https://en.wikipedia.org/wiki/Dr._Re...s_Laboratories

Last edited by WRnative; 06-14-2017 at 06:41 PM..
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Old 06-14-2017, 06:19 PM
 
8,924 posts, read 5,578,695 times
Reputation: 12558
I would love it if they could regulate these pharmaceuticals so they quit ripping the public off. They have made their money, now, give us a break....
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Old 06-14-2017, 07:42 PM
 
Location: Lebanon, OH
7,050 posts, read 8,870,257 times
Reputation: 14691


Just one of these latuda pills cost $73.
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Old 06-14-2017, 07:58 PM
 
Location: Cleveland and Columbus OH
11,046 posts, read 12,331,299 times
Reputation: 10370
Quote:
Originally Posted by WRnative View Post
Have you ever taken any economics classes?????

Price controls only lead to scarcity when the price controls are below the cost of supply, especially the marginal cost of production, as was the case in the U.S. natural gas industry several decades ago. Don't you realize that prices in other natural monopolies, such as natural gas supply and electricity distribution, have been regulated out of necessity to prevent inefficient monopoly pricing?

When I was a kid your age, my hated politician was Ohio Sen. Howard Metzenbaum, who adamantly fought the lifting of natural gas price controls.

<<When a two week filibuster against a bill to lift price controls on natural gas was broken, Metzenbaum loaded the bill with hundreds of amendments and demanded a roll-call vote on each one, effectively killing the legislation. Metzenbaum's tactics earned him both respect and scorn from his colleagues on the Hill. While Senator Bob Dole referred to Metzenbaum as "the commissioner," Senator Ted Stevens called him a "pain in the ass.">>

https://case.edu/ech/articles/m/metz...howard-morton/

When eventually natural gas prices were decontrolled and a resulting glut of supply resulted in much lower prices than under price controls, when there actually were crippling shortages of natural gas in Ohio, even Metzenbaum admitted he had been wrong. I remember McDonald's and other fast food restaurants closing to conserve natural gas during cold spells.

http://www.nytimes.com/1977/01/19/ar...-cutbacks.html

By contrast, drug prices in most of the developed world are more than sufficient to supply profits to pharma companies, which even gouge on generic drugs in the U.S. by buying temporary monopolies of production. Drug pricing in the U.S. are outrageous, greatly negatively impacting our international competitiveness and destroying American families. The Republicans on this issue, as with climate change, are disgusting and worthy of the contempt of any informed individual.

Even Dr. Reddy's Labs in India is very profitable, supplying anti-viral hepatitis drugs in India for $1,200/dose compared to over $50,000 in the U.S. Dr. Reddy's now actually is a major supplier of generic drugs in the U.S., because the U.S. pharma companies don't want to engage in low margin activities, even though good businesses, when pots of gold are available under the U.S. drug pricing regime.

Why is Hepatitis C Treatment So Cheap In India? | Cure-HepC

Much as when the Japanese auto makers swamped their U.S. counterparts, Dr. Reddy's rapidly is becoming a major player in the U.S.

https://en.wikipedia.org/wiki/Dr._Re...s_Laboratories
Au contrere mon frere!

Prices are signals to consumers and producers on how much a product or good is supplied or demanded. Lower prices signal benefit to buying for consumers whereas higher prices discourage buying more as the costs get higher. You are more incentivized to find cheaper alternatives when a good becomes more expensive.

Once you decide a good cannot exceed a certain price, even though absent a price control it would go higher, the signals are off. Consumers are still thinking it's good to buy, but the producer can't keep the relative supply high enough minus the price difference that would have naturally occurred. Goods are not infinite, as much as we all wish they were. Thus we end up with shortages.

I should correct my using the term scarcity originally. All goods are scarce no matter what. Minus scarcity there would be no need for a price.

I think my point about IP laws artificially creating higher prices for pharmaceuticals has gone unexamined here. There is no doubt that the government grants special privileged to these companies that allow them to get away with outrageous prices. This is how what's his name pharma bro was able to jack up his prices 3000% or whatever it was.

So the answer is both get rid of the special privileged and don't establish price controls. One cannot be fruitful without the other, so in that way you are right. Simply keeping things as they are is not working.

I'm not defending pharma companies. They are in bed with state and federal governments. We need to strike at both of their powers here. If we could, you'd see lower prices. In not saying you should buy your drugs in the black market, but this is why people used those deep web sites for pharmaceuticals, incredibly cheap. I want cheap meds for everyone, but the mechanism of getting there is in my view not expanding the size and scope of the government that has already betrayed you by propping up big pharma. Time to untangle the web.

Btw, I don't like reading articles on my phone so I didn't click them. I'll read later. Just want to sort out what I meant earlier.

Last edited by bjimmy24; 06-14-2017 at 08:12 PM..
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