Trump to issue Executive Order to Lower Drug Prices

[SG854]

What are your thoughts on this?

 

[spotanjo3]

I cannot care. I don't support the political at all. They are always corrupt and don't trusted them. NONE OF THEM.

 

[Lacius]

Regardless of the order itself, is it not hypocritical that Trump and the Republicans derided Obama's use of executive orders as tyrrany?

 

[Josshy0125]

Really hate that guy. As an outsider, I am still in shock that this child is president. Waste of garbage human being. Should be in jail.

 

[Taleweaver]

Would be nice to have a topic where I'd agree with him, but I simply don't believe it. This is a simple re election stunt. His attempts to reduce the costs have been a dead letter so far (which is, in a way, a compliment, as at least there was the correct intention on this). More than any other country in the world, the pharmaceutical industry screws the citizens. Not just in drug prices, but in all sorts of insurance schemes, apparently.

Focusing on just one aspect might not be enough, as the industry is resourceful enough to work around it (okay, we'll lower the prices for a bottle of pills... By having it contain less pills. Too obvious? Okay, then we'll give the same amount of pills, but containing less concentration so you'll need a higher dose to cure. And so on). But ey... Since this is an article about the future, it probably strands before it gets anywhere (the industry probably has a claim ready to file about being violated in regards to the free market or something).

 

[cots]

He's addressing an issue that both sides agree on, but I suspect that a certain side will overlook the positive aspect something like this will have on society and show their disrespect for our President regardless if it's something they previously asked for or agreed with.

I'm insulin dependent and if I didn't have insurance I'd probably have to move to another county to buy it or obtain it through indirect channels, just to stay alive. I welcome this change, just as I welcomed the legalization of Hemp (thank God for CBD oil). I don't particularity buy into the "lets hate the man and everything he does even if that means changing my core value system and flip flopping on issues to fit into the PC hater crowd".

I don't agree with a lot of things most politicians do or stand for in general, but I'm not going to look only at the negative aspect of this deal. Medication prices are outrageous in the USA for no other reason other than the fact the companies are in it for personal profit. Sort of like it's big business in coming up for treatments for problems, but not curing the actual problem (of course, that's another issue all together).

Before the Keto diet, my medication was well over $3,000 a month and in other countries it would have been around $400 a month. I see no reason why this shouldn't happen. I don't want to Pharmaceutical Companies to take a loss, but they won't be considering the drugs the are selling here in the States can be found elsewhere for much cheaper.

There are already laws regarding monopolies that aren't being enforced (look at entertainment and/or cable companies) and the drug racket is a major monopoly. Especially considering the 3000% price hikes on older medications for no other reason then for personal profit. You don't need a Nintendo Switch to live, so I don't have a problem with prices on certain things increasing, but if you're literally causing people to die because they can't afford live saving medication than that needs to be addressed and I'm glad it's being addresses. I don't really care who is addressing it.

I'm looking beyond blind hatred and contempt for our country, but it doesn't surprise me that the simple minded haters have already started to reply bashing the President of our great country. It's not about him, it's about the drug prices and if they can be lowered it's going to benefit everyone, not just people with a certain political preference. The last time I checked diabetes really doesn't care who you voted for, it'll kill you either way without prejudice.

 

[Glyptofane]

Good idea. Trump can't accomplish anything though. The system is more corrupt than he could ever be and nothing positive will ever be done.

 

[cots]

Good idea. Trump can't accomplish anything though. The system is more corrupt than he could ever be and nothing positive will ever be done.

I just hope he doesn't get any resistance from the people who have been supporting and asking for such a thing to happen for many, many years. I can see those in the pockets of the Pharmaceutical companies having issues with this. I'd question anyone who suddenly starts to oppose such a move, because they're probably doing it for more then simple bias hatred.

 

[Josshy0125]

He's addressing an issue that both sides agree on, but I suspect that a certain side will overlook the positive aspect something like this will have on society and show their disrespect for our President regardless if it's something they previously asked for or agreed with.

I'm insulin dependent and if I didn't have insurance I'd probably have to move to another county to buy it or obtain it through indirect channels, just to stay alive. I welcome this change, just as I welcomed the legalization of Hemp (thank God for CBD oil). I don't particularity buy into the "lets hate the man and everything he does even if that means changing my core value system and flip flopping on issues to fit into the PC hater crowd".

I don't agree with a lot of things most politicians do or stand for in general, but I'm not going to look only at the negative aspect of this deal. Medication prices are outrageous in the USA for no other reason other than the fact the companies are in it for personal profit. Sort of like it's big business in coming up for treatments for problems, but not curing the actual problem (of course, that's another issue all together).

Before the Keto diet, my medication was well over $3,000 a month and in other countries it would have been around $400 a month. I see no reason why this shouldn't happen. I don't want to Pharmaceutical Companies to take a loss, but they won't be considering the drugs the are selling here in the States can be found elsewhere for much cheaper.

There are already laws regarding monopolies that aren't being enforced (look at entertainment and/or cable companies) and the drug racket is a major monopoly. Especially considering the 3000% price hikes on older medications for no other reason then for personal profit. You don't need a Nintendo Switch to live, so I don't have a problem with prices on certain things increasing, but if you're literally causing people to die because they can't afford live saving medication than that needs to be addressed and I'm glad it's being addresses. I don't really care who is addressing it.

I'm looking beyond blind hatred and contempt for our country, but it doesn't surprise me that the simple minded haters have already started to reply bashing the President of our great country. It's not about him, it's about the drug prices and if they can be lowered it's going to benefit everyone, not just people with a certain political preference. The last time I checked diabetes really doesn't care who you voted for, it'll kill you either way without prejudice.

Im convinced anything this selfish prick does is for selfish gain. He would never have America's interest at heart unless it aided his narcissistic and personal interest and agenda, first.

 

[cots]

Im convinced anything this selfish prick does is for selfish gain. He would never have America's interest at heart unless it aided his narcissistic and personal interest and agenda, first.

That may be true, but if his selfishness produces positive outcomes I'm willing to overlook his personality. I didn't particularly like Obama's self righteous elitist attitude (as that is common character trait with most politicians), but some of his policies greatly helped out our country. Granted, other policies harmed our country, as it with any President in office. Maybe I've just been around a few more decades than you have and more perspective on the issue. I'm still not going to disrespect our President, regardless of who he or in the future she might be.

 

[Josshy0125]

That may be true, but if his selfishness produces positive outcomes I'm willing to overlook his personality. I didn't particularly like Obama's self righteous elitist attitude (as that is common character trait with most politicians), but some of his policies greatly helped out our country. Granted, other policies harmed our country, as it with any President in office. Maybe I've just been around a few more decades than you have and more perspective on the issue. I'm still not going to disrespect our President, regardless of who he or in the future she might be.

Obama's self-righteous what?! He was a great guy. Sheesh. I'm not even from America and Its clear you dont know a thing. Trump doesnt deserve respect. Who cares if hes the president? Hes a selfish HORRIBLE sexist racist, rapist who deserves jailtime. I give his idiot supporters no sympathy in being fucked over by him. Hes an asshole and I hope to see him behind bars. Regardless of being the president, or not, he is the LAST human on this planet to deserve any sort of sympathy or respect. Hes scum and the absolute worst of humanity.

 

[Deleted User]

I never have, nor will I ever support heavy handed decisions made at the Federal level. The problem is that, even if a decision sounds benevolent and helpful in nature, these one size fits all polices have the potential to be very dangerous and because it is enforced nationally there is absolutely no way to contrast and compare between state's as to the effectiveness, unintended consequences, etc. The 08 housing crisis is a perfect example, what would have otherwise been a self contained/quarantined financial crisis solely among blue states ended up becoming a National Economic Crisis.

As I mentioned in another political thread, politicians are notoriously awful when it comes to considering unintended consequences of their actions; In regards to the issue of high drug prices, ironically they are largely responsible considering how our Patent System currently works. In particular, Companies do not even NEED to make use of the patents at any point in their lifespan to keep them, they could just claim they are contemplating it's use but want to protect the IP for the time being; While that is a legitimate reason to patent something, the problem is there are too many instances where it becomes clear they never intended to use these patents, in actuality they just do not want anyone to use them so they can maintain their market dominance without having to innovate or lower their prices.

It is too soon to say how this executive order will play out, although I am certain it will not work as intended, and worse it will only pave the way for future presidents to broaden the scope of what executive powers are able to accomplish. I predict that while larger pharmaceutical companies could eat the losses for awhile, this executive order will put smaller companies/start ups out of business as they are far less likely to sustain the same kind of losses on their lesser established/developed products. Another parallel to this is whenever the minimum wage rises, it really does not hurt the Walmart's of the world since they can just adjust their prices/eat any temporary losses, instead it actually hurts small businesses whom could never sustain the same losses, let alone have enough bargaining power to increase their prices yet retain customers.

 

[SG854]

Hmm that’s weird I didn’t get any notifications for this thread.

Biotech Stocks Fell after Trump announced Executive Order. They fear the president will get something done.

 

[cots]

Obama's self-righteous what?! He was a great guy. Sheesh. I'm not even from America and Its clear you dont know a thing. Trump doesnt deserve respect. Who cares if hes the president? Hes a selfish HORRIBLE sexist racist, rapist who deserves jailtime. I give his idiot supporters no sympathy in being fucked over by him. Hes an asshole and I hope to see him behind bars. Regardless of being the president, or not, he is the LAST human on this planet to deserve any sort of sympathy or respect. Hes scum and the absolute worst of humanity.

Well, you said it. You're not from America so I wouldn't expect you to respect our system of government. It would be like me judging your country based on no experience with your political system based solely on entertainment coming from tabloids masquerading as news organizations. However, if you read Sky or BBC they are pretty impartial, so kudos to those sites, but like I said, I'm not from your country, so judging it based on Internet hate and limited exposure to simply news articles wouldn't put me in any position to do so.

 

[Viri]

Good. I agree with him, and hope he at least brings more awareness to the fucked up drug prices here.

 

[cots]

I never have, nor will I ever support heavy handed decisions made at the Federal level. The problem is that, even if a decision sounds benevolent and helpful in nature, these one size fits all polices have the potential to be very dangerous and because it is enforced nationally there is absolutely no way to contrast and compare between state's as to the effectiveness, unintended consequences, etc. The 08 housing crisis is a perfect example, what would have otherwise been a self contained/quarantined financial crisis solely among blue states ended up becoming a National Economic Crisis.

As I mentioned in another political thread, politicians are notoriously awful when it comes to considering unintended consequences of their actions; In regards to the issue of high drug prices, ironically they are largely responsible considering how our Patent System currently works. In particular, Companies do not even NEED to make use of the patents at any point in their lifespan to keep them, they could just claim they are contemplating it's use but want to protect the IP for the time being; While that is a legitimate reason to patent something, the problem is there are too many instances where it becomes clear they never intended to use these patents, in actuality they just do not want anyone to use them so they can maintain their market dominance without having to innovate or lower their prices.

It is too soon to say how this executive order will play out, although I am certain it will not work as intended, and worse it will only pave the way for future presidents to broaden the scope of what executive powers are able to accomplish. I predict that while larger pharmaceutical companies could eat the losses for awhile, this executive order will put smaller companies/start ups out of business as they are far less likely to sustain the same kind of losses on their lesser established/developed products. Another parallel to this is whenever the minimum wage rises, it really does not hurt the Walmart's of the world since they can just adjust their prices/eat any temporary losses, instead it actually hurts small businesses whom could never sustain the same losses, let alone have enough bargaining power to increase their prices yet retain customers.

You have some valid points as usually when the Government gets involved into something the results aren't that great, but that's not always the case. I'm not too familiar with the biotech industry, but couldn't the smaller firms working on discovering new drugs simply profit off of their discoveries and not have to directly compete with larger entities. I mean, if you came up with the cure for HIV, wouldn't that be value enough? What would be the exact negative aspects that these smaller firms would have to deal with that you're speculating would happen?

 

[Josshy0125]

Well, you said it. You're not from America so I wouldn't expect you to respect our system of government. It would be like me judging your country based on no experience with your political system based solely on entertainment coming from tabloids masquerading as news organizations. However, if you read Sky or BBC they are pretty impartial, so kudos to those sites, but like I said, I'm not from your country, so judging it based on Internet hate and limited exposure to simply news articles wouldn't put me in any position to do so.

I've lived in America for a few years, so I understand plenty. Its very clear that you're just a trump fanboy. And just because hes president doesnt automatically mean he deserves our respect. How about those cases in which a doctor rapes his victims? Because hes a doctor he deserves respect? No. This oaf is the worst of humanity and it's clear that I know even more than you do about your own system, if you think that Obama is a self-righteous arrogant asshole, and think that defending trump is alright. I'd suggest you learn more about your own political system before backing a corrupt goon and believing in conspiracies that fox news throws about.

 

[Lacius]

A few comments:

1. (I mentioned it earlier in this thread) Trump's use of sweeping executive orders is hypocritical, regardless of how you feel about the order itself. Obama's executive orders were called out for being tyrannical and the first step towards a dictatorship, even though they weren't nearly as sweeping as Trump's.
2. Trump's proposal is a Democratic idea that the Republicans have historically balked at. It flies in the face of the Republican ideal of an unencumbered free market where competition naturally drives down prices (spoiler alert: it doesn't work that way).
3. It's not entirely clear how much this would actually change (or what it can change). We haven't seen the order yet, and an executive order has very real limitations. It might end up doing little to nothing.
4. On a similar topic, Trump just signed an executive order on kidney disease, and I think the order is good. However, it's being done through Medicare's innovation center, which only exists because of Obamacare. Without Obamacare, the order doesn't do anything.

 

[morvoran]

Yes, the Great White Hope just keeps making America greater and greater everyday. I hate to think what will happen when he leaves office in 2025. Hopefully, another non-politician with true conservative values will continue to make America better just as Trump has done for us.

Too bad the hypocritical leftists keep fighting him on every issue that will help the people they are supposed to be "fighting for"?

 

[cots]

Hmm that’s weird I didn’t get any notifications for this thread.

Biotech Stocks Fell after Trump announced Executive Order. They fear the president will get something done.

Damn, seems like these Biotech firms are some greedy motherfuckers and don't care about anything, but money. I wouldn't blame their greed on Trump though. Raising prices or cutting availability, if that even happens, would be a really shit move for these businesses to do. Although, aren't we talking about an industry that built a business model around addicting patients to synthetic opioids and didn't mind a lot of them died because of their addictions? Talk about some really shitty people.

I wonder if the generic alternatives would the replace the current drugs or if the time-frame in which generics could be introduced would be reduced. Maybe a new industry based on finding and creating new drugs to help people, opposed to simply making money would emerge? I'd like to speculate on the positive aspects here instead of thinking about the worse case scenario.