Drug prices

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Tero
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Drug prices

Post by Tero » Tue Aug 01, 2017 2:47 pm

Drugs are often patented products, so the price is pretty much "whatever US insurance is willing to pay."

Canadian drugs are the same as US, just packaged and priced for Canada.
Bernie wants us to have cheap drugs.

Bernie Sanders’ Drug Price Bill Would Save Billions, Congressional Analysts Say
Spending millions on campaign donations and lobbying, the pharmaceutical industry has for years successfully fought off legislation to end the prohibition. This year — nearly 17 years after President Bill Clinton’s administration killed Democrats’ drug importation legislation — the importation initiative has once again been renewed. Looking to take advantage of President Donald Trump’s promise to lower drug prices, Vermont Sen. Bernie Sanders, along with 21 Democratic lawmakers, introduced the Affordable and Safe Prescription Drug Importation Act on Feb. 28. The bill was referred to the Senate’s Committee on Health, Education, Labor, and Pensions.

CBO estimates that the change would in total reduce federal government drug spending by more than $6.8 billion over ten years, including a reduction of $5.1 billion in direct spending and roughly $1.7 billion in increased revenue.
http://www.ibtimes.com/political-capita ... alysts-say

The problem is that drug companies are global. The same company makes and sells drugs to Europe. The price is what they can negotiate with EU. Now, why do they sell cheap? Because it is cheaper to make twice as much drug, per kg, then sell the second half at a small profit. It the politicians change the rules about imports, the drug companies will just slightly lower US prices and raise Europe prices quite a bit. They are a monopoly of any one patented drug. Some frugs are unsafe to manufacture and require a lot of safety engineering to protect the plant operator. You are not going to put up a competing plant overnight. Also, the FDA rules require extensive tests and proof that all lots come out within the specs.

India China and Israel make drugs under FDA approved production. Those are most of the generics you buy now. They are manufactured specifically for the US. India sells "dirtier" drugs (over 0.25% total impurities) or looser conditions (if every tenths lot is throws out, you cannot sell in the US at all).

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Tero
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Re: Drug prices

Post by Tero » Tue Aug 01, 2017 3:39 pm

The benefit to the consumer of the Hatch-Waxman Act depends on what drug you might want to use.
https://en.wikipedia.org/wiki/Drug_Pric ... ration_Act

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Re: Drug prices

Post by Rum » Tue Aug 01, 2017 5:13 pm

Like so much else about American health care - exploitation seems to be the name of the game.

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Re: Drug prices

Post by Tero » Tue Aug 01, 2017 5:54 pm

"Well government can't be inventing drugs because the government never does anything right."

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Re: Drug prices

Post by laklak » Tue Aug 01, 2017 7:32 pm

$70 for a quarter ounce.
Yeah well that's just, like, your opinion, man.

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Re: Drug prices

Post by Brian Peacock » Tue Aug 01, 2017 9:08 pm

That's shit for ya.
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Re: Drug prices

Post by JimC » Tue Aug 01, 2017 9:16 pm

Back in the day, I'd buy an ounce, divide it into 4, and sell 3 of them for the same price as I paid for the ounce. Good times...
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Re: Drug prices

Post by pErvinalia » Wed Aug 02, 2017 12:11 am

Capitalist! :nono:
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Re: Drug prices

Post by JimC » Wed Aug 02, 2017 12:24 am

I was an evil dealer...
Nurse, where the fuck's my cardigan?
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Re: Drug prices

Post by Tyrannical » Wed Aug 02, 2017 8:34 am

Trump will make adjustments to drug expiration laws.

We throw away tens of billions $$$ of perfectly good "expired" medication. We know which drugs are still good because the US government has been testing emergency stockpiles for decades. Not everything is good long past the official exp date, such as anti-biotics, but most drugs are.
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Re: Drug prices

Post by Svartalf » Wed Aug 02, 2017 11:56 am

yeah, he'll make adjustments to make sure big pharma has less to fear from generic makers...
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Re: Drug prices

Post by laklak » Wed Aug 02, 2017 1:46 pm

JimC wrote:Back in the day, I'd buy an ounce, divide it into 4, and sell 3 of them for the same price as I paid for the ounce. Good times...
When I were lad, an ounce of Mexican Dirt was $15, Panama Red was $20, and Acapulco Gold was $25.
Yeah well that's just, like, your opinion, man.

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Re: Drug prices

Post by rainbow » Wed Aug 02, 2017 1:51 pm

Malawi cob $2
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Re: Drug prices

Post by laklak » Wed Aug 02, 2017 1:59 pm

2 pic-N-Pay bags of Swazi Gold bud for E100.
Yeah well that's just, like, your opinion, man.

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Re: Drug prices

Post by mistermack » Wed Aug 02, 2017 4:46 pm

I've never bought weed or hash in my life.
Smoked a lot of it though.
Used to grow it, and do swaps.

Got no interest in it at all now though. Which is just as well. I hear it's a lot stronger now.
While there is a market for shit, there will be assholes to supply it.

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