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Silly question: Said shipments are illegal. Wish to comment?
Quote:
Originally Posted by Brave New World
The companies use loopholes in US patent laws, and introduce slightly different formulas in order to reestablish patents, whilst 3 companies have a virual monopoly on the market.
The Colorado law forces the insurance companies to eat the additional costs.
Who better to pressure the drug execs, etc.?
And people wonder why health insurance goes up. One of the un-talked about failures of the ACA is not addressing the cost end. Both parties are owned by big pharma.
I find it very interesting that there are people here defending the monopolistic and collusion of pharma companies.
“More government” could simply be a law capping prices or breaking up monopolies. An easy answer.
Government doesn’t have to be corrupt. Government works pretty well in Canada, Australia, New Zealand, Germany, Scandinavia, etc. Maybe the problem isn’t “too much government” but rather too much corruption.
Keep voting, maybe, eventually, you'll get that good wise king you've always fantasized about
The Colorado law forces the insurance companies to eat the additional costs.
Who better to pressure the drug execs, etc.?
Yes, who better than the 50 states to make this decision? It seems we are in agreement that the federal government is not the best place to do such things.
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Location: Great Britain
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Quote:
Originally Posted by Roboteer
Sometimes it is SO easy to tell when you are reading something written by a liberal. Often in the very first sentence they utter.
BTW, if insulin prices are so high, why don't other pharmaceutical companies jump in and start producing it, to make some money?
Pharma companies often get together to price fix.
They have just been caught allegedly price fixing again in the UK in relation to Prochlorperazine a drug that heple prevent nausea in patients undergoing chemo.
Quote:
Originally Posted by BBC News - 23rd May 2019
Four pharmaceutical firms have been accused of illegally colluding to restrict the supply of an anti-nausea tablet, driving the price paid for it by the NHS up by 700%.
The Competition and Markets Authority (CMA) said the cost of Prochlorperazine rose from £6.49 per pack to £51.68, after suppliers agreed not to compete.
The drug is often prescribed to cancer patients undergoing chemotherapy.
One of the firms named, Alliance Pharma, denied the allegations.
In a statement of objections, the CMA says that between 2013 and 2018, the annual cost of 3mg dissolvable Prochlorperazine tablets increased from approximately £2.7m to £7.5m, even though the NHS dispensed fewer packs during that period.
It claimed that sharp increase was the result of four companies - Alliance Pharma, Focus, Lexon and Medreich - agreeing not to compete against each other for the supply of the prescription-only pills.
Alliance supplied Prochlorperazine exclusively to Focus, which the CMA says then paid Lexon a share of its profits from the sales.
The companies concerned will now have the opportunity to respond to the CMA's provisional findings.
If it eventually determines that competition law has been broken, the CMA can impose a financial penalty of up to 10% of each company's worldwide turnover.
Competitors and consumers.
We have a system where drug co's and insurance co's are cabals and operate outside of and are protected from market forces i.e. competition
pharmaceutical companies should compete in the same arena as electronics providers, appliance manufacturers, auto makers, etc.
In a more perfect world, sure.
But right now, there is no real competition and consumers have nowhere near the power nor the deep pockets of the major insurance carriers who are now going to have to decide how much of a financial hit they are willing to take, at least in Colorado.
No other industry has as many shady businessmen entering into the pharmaceutucal market simply because the profits are so great. Many knew zero about the industry before going into it. They did not enter it to help people but to help themselves.
Take hedgefund manager Martin Shkreli that bought a drug that had been on the market for years, patented it, and raised the price 5000%.
This gets repeated over and over across the industry.
Higher prices force people into supporting 0care i.e. working as intended.
You really want cheaper medications, get the state out of it all together.
Simplistic answers to complex questions. If you "get the government out of it all together" like as in everything, you'd end up with one gigantic company that both manufactures and sells the drugs that the entire country is beholden too..because that's the direction the retailers are heading, which is the side no one is mentioning in this.
“More government” could simply be a law capping prices or breaking up monopolies. An easy answer.
Government doesn’t have to be corrupt. Government works pretty well in Canada, Australia, New Zealand, Germany, Scandinavia, etc. Maybe the problem isn’t “too much government” but rather too much corruption.
No other industry pays as much to purchase politicians as the insurance and pharmaceutical industry does so it is a bit rich for him to complain about the government.
Those types want less government for everyone else and more government for them in order to buy off the politicians.
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