Bernie applauds as Trump takes on Big Pharma
 

Major US pharmaceuticals lose $25bn in just 20 minutes during Donald Trump's press conference

Close to $25bn was wiped off the value of the S&P 500?s top nine pharmaceutical companies in a matter of minutes on Wednesday, after President-elect Donald Trump accused them of ?getting away with murder.?

Shares in Johnson & Johnson, Pfizer, Merck, Amgen, AbbVie, Bristol-Myers Squibb, Gilead, Celgene and Eli Lilly, all fell between 1 and over 5 per cent immediately after the comments before rebounding slightly. Shares in carmakers also sold off on separate comments from Mr Trumps.

The Nasdaq Biotechnology Index ended the trading session down almost 3 per cent cutting its gains for the year to under 5 per cent.

Shares in Viagra-maker Pfizer, one of the world?s largest pharmaceutical companies, ended the day almost 2 per cent lower, wiping nearly $5bn off the company?s market value. Hardest hit was Bristol-Myers Squibb. Shares in the maker of blood-thinning drug Coumadin fell 5.3 per cent on the day.

Speaking to members of the press for the first time since swinging to victory in hotly contested election battle in November, Mr Trump said: ?We have to get our drug industry coming back. Our drug industry has been disastrous.?

Speaking about the individual companies, he said ?they're leaving left and right.?

?They supply our drugs but they don't make them here, to a large extent. And the other thing we have to do is create new bidding procedures for the drug industry, because they're getting away with murder?.

Continued Major US pharmaceuticals lose $25bn in just 20 minutes during Donald Trump's press conference | The Independent

I was in a pharmacy today and this old lady in front of me got 2 months worth of medication for 5$...I distinctly heard the pharmacist comment "heres 2 months worth" when he gave her the boxes...it was not 5$ it was more like 4$ but what the hell...just some perspective...

You cant compare European and US pharma system, in Europe is almost free everything unless is some very fancy medicine.

I pay around $2.35 for my months supply of medicines in the US - have for many years.
To the OP - I dont see Sanders applauding anything - he's questioning whether Trump has the balls to go after Big Pharma...kinda misleading...and quite honestly, I don't believe any person sitting in the white house will ever be able to go after them. It would take a complete meltdown and removal of every current congressman and I don't believe that is going to happen...they make way too much money off of Pharma

the US healthcare insurance system is basically a racket...

Patented USA made made pharmaceuticals EXPORTED will be going up in price to equalize US DOMESTIC prices going down.

This is true

It is. And the Republican party seems to think they are going to fix it. They will most likely fail, do a lot of damage, and look like shit in the process.

The ONLY way to fix this is to reign in the entire healthcare system. And that is a very tall order. The way the healthcare system is now is designed for "maximum profit". It's not going to work when the are charging us $20 for a single aspirin.

My mother passed out and was taken to the hospital in am ambulance. The bill for the ambulance ride itself was thousands of dollars. No offence to EMTs, but they aren't paid much, $15 an hour or so, and it's not like they used $1k of gas to go six miles. It took two people less than an hour to transport someone six miles. That should cost $100 at most. (Yeah, I know what you are going to say - the cost of the ambulance, insurance, the drugs they have to carry, blah blah blah... bullshit.)

My bill for an ambulance transfer 14 miles from one hospital to another was $385.00 thirty years ago. So, $1,200 might be a "fair" price in the ripoff medical world today I guess.

Make a long story short that ambulance driver got lost and I had to give him directions and the ride took 2 hours -- he had gone miles lost. I told the ambulance company I would sue them if they didn't eat the bill, "The ambulance service was not fit for the use intended" the fool got lost going to a hospital WTF

I had a stuck kidney stone that had dropped and was given Dilaudid intravenously before I left the first hospital -- I was seriously floating.

Well here is the replacement planning, we'll see if they can get it to work right.

https://abetterway.speaker.gov/_asse...olicyPaper.pdf

my solution:

make a bullet train to canada and mexico...also offshore clinics like 20 miles from the shore line international water stuff...also take advantage of aviation regulations, a mexican medical plane could take off from one city and taxi around and aboard a mexican airplane mexi law applies...air clinics like giant zeppelins...also grant embassies special rights to open residencies where "international health cooperation" would be allowed and it would technically be foreign territory...

grab the medical establishment by the pussy :2 cents:

Major racket, unbelievably inflated prices.
Something like that is more civil revolution worthy that anything else.
This is simply a government sanctioned robbery.

I fast read that pdf. It's reads like quiting coke and taking up meth.

Why not just import the pharma from India?

Have you seen indian pharma prices? Amazing

I once got offended because a guy offered me 100mg viagra generic for 20cents/tab...in china you can get quality growth hormone for like 50cents/IU...1kg vitamin C (ascorbic acid in podwer) is 1$ and you get this nice glass container with it it looks like a giant glass butt plug with a cork stopper look below...if they smell gringo on you they will try and rob you and ask like 2-3$ :1orglaugh:1orglaugh:1orglaugh

https://sc01.alicdn.com/kf/HTB12fwgO...-Acid-Pure.jpg

The FDA has been inspecting pharma plants in India and certifying them to export to the USA for a few years. I take Plavix and Lipitor and these have come off patent these are now;

Cloproidogrel Apotex (Canada) and Atorvastin Greenstone (NJ, USA)

Also Lisinopril Lupin (Mumbai, India) Generic
Carvedilol Zydus (Pennington, NJ) Generic
Both Blood Pressure medications (alpha and beta blockers respectively) and about the same cost for both?

2 other prescriptions ...

I paid $1,400 for meds 3 years ago now it costs $600 a year. Unfortunately, medical insurance (Obamacare) has gone up quite a bit. Healthcare costs should be an equal burden for everyone age 0 - 65 and free after 65. We all (most) get old and most of us sick or injured at some point in life. Many times more than one time or from one illness. Maybe, the burden is $2,000 a year per person -- everyone. Everyone gets the same basic care. My life is not worth more than someone else's life is worth to them -- that is just ludicrous.

Some pharmaceuticals that are patent are produced in India specifically NOT to be imported into the USA as that would be patent infringement. Who should pay for research : Private industry with their reward being a patent for 20 years, or; should drug research be paid for by the USA taxpayer and the new drug's export prohibited for 20 years so the people that paid for it get the ROI? The rest of the world can eat shit and die or have to pay a hefty price that many people can't afford in many places?

Either way, new drugs will cost a lot of money to develop -- advance degreed doctors and pharmacologists and medical technicians don't work for burger flipper wages :2 cents:

You cannot have it both ways.

It seems like actual cost of it is not the biggest concern.
I mean aspirin does not cost anything near to 20 bucks to manufacture.
Markups of hundreds or thousands percents is the issue. Whether something cost 5 cents to manufacture in India or 20 cents in USA is the minor issue when final price is 10 or 20 dollars.

And this right here is the problem. This seems to be half bashing Obamacare and half "this is what we want to do" with no meat or substance. Seriously - they've had eight years to come up with something and all they have is "this is maybe what we want to do". Eight years and all we have is some bullet points?

And if you read it, it sounds like what we have now...

Pre-existing Condition Protections
No American should ever be denied coverage or face a coverage exclusion on the basis of a pre-existing condition. Our plan ensures every American, healthy or sick, will have the comfort of knowing they can never be denied a plan from a health insurer.

Well, isn't that what we have?

This is just like Trump's promises for the VA. "We are going to reduce spending, reduce fraud, open new locations, and increase care, without spending more money". Well, yes, that is the idea. But how are you going to do it?

The only way to do it without increasing spending is to optimize and/or cut corruption/budget leaks. And that is not as impossible as you make it sound.

And the NEW PRICE? $16,000 per year? it is $6K to $9K right now ...

" Our plan ensures every American, healthy or sick, will have the comfort of knowing they can never be denied a plan from a health insurer." as long as they can pay the price ... I hope I am wrong ... Hope :upsidedow

You break it you own it ...

I have been in the hospital a few times and the bills are nuts but the cost of medications was less than 3 times the normal price. So, an aspirin was $1 (the minimum billing amount) not $20 -- that's foolishness. A beer is $5 at the bar too ...

it is a joke. here it would be 60 bucks....and as people earn here 6 times less than in US on average, it means that your healthcare is overpriced at least 3 times

You're right, you can't compare National Health Services that provide better services and products for half the price to the US Corporate Health Service.

Thinking it's free is where you went wrong and it does provide a lot of very fancy medicine and procedures that in the US the insurance companies will deny.

The only way to solve this is to campaign and make sure the politicians on Pharma's dollars and voting to make Pharma richer fear for their jobs.

The porn industry must have 100s of millions of Americans looking at their sites. Can't we do more than moan on GFY and do something?

Big Pharma, Banking, Arms, etc. They all have more sway in Washigton than the 231 million registered voters. Which is why 90 million didn't bother.

Or keep taking it up the butt and moaning on GFY.

the biggest lie ever: research costs billions and this justifies the ass rape :1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh


list of major diseases the USA has cured with its billions in "research":

/end of list


ok I have to be fair they made a cure for hep c but it actually costs $1000/pill and you need like $80.000 for a treatment with 80 pills...I argue that its not a cure if only the 1% can afford it...if something works only 1% of the time it aint shit...

Under The Influence - CBS News

How the Republican party sold out America to the pharmaceutical companies.

https://en.wikipedia.org/wiki/Jonas_Salk
Polio Vaccine
https://www.google.com/patents/US3862186
Keflex (cephalexin monohydrate)
That cures many infections

You got something right

so like when you were a "republican" when you were in the army, or something...were you like a gay man pretending to be hetero...AKA a dumb lib pretending to be GOP, just to fit in?

you seem so confused.

:1orglaugh

funny all the dumb libs hi fiving the muslim rapist from serbia. yet the democrat party NEVER EVER put single payer up for a vote.

& it was a DEMOCRAT named senator max baucus who voted down the public option in the senate. whats max up to day? he's an ambassador or something to a country he never heard of. quite the reward from obama for flushing part of obamas plan.

dumb libs. your own party tried to fix it, & created a money trough for the insurers instead. dumbasses.

:1orglaugh

still with all them billions in research one would think the phamra industry has something to show for it other than stuff from the 50-s and 60-s...salk is a true hero tho he forfeited all profits and gave the cure to mankind and I bow down to him...


:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh :1orglaugh

muslim rapist from serbia does not have health insurance like he does not have "air insurance" or "tap water insurance"...heres some examples of super complicated operations in my country and the prices:

removal of a tumor from the brain: 1000$ total with no health insurance
reconstruction of the cranium after a car crash: 1500$ with no health insurance
removal of spinal tumors: 1000$ with no HI
complete reconstruction of the eye-lids: 400$ with no HI
reconstruction of the face with a big skin transplant: 500$ with no HI

heart transplant with no HI: price<4000$ <-----this is the single most expensive operation you can get I could not find anything more expensive than this on the list...rip-off IMO but hey who cares...

don't forget to pay your protection money this month :thumbsup

Unfortunately, we (global) have found cures or vaccines for MOST diseases.

We are up against the big ones now cardiovascular and cancers (AIDS?). These diseases are behavioral, hereditary and environmental. So, it's not only drug or vaccine research to do -- as a society we cause our own diseases too.

Really, proof of disease control is human over population :2 cents:

We probably need some new mystery disease to kill off a few billion humans so there is more to go around -- any volunteers? :helpme

I would strongly disagree that we have cured 'MOST' diseases. The word 'SOME' would be more accurate. Pharma tends to focus more on treating symptoms rather than cures, we could do with more cures but they are not particularly profitable.

Seems like you were probably thinking of virues/bacteria mostly, but we still have to deal with autoimmune diseases which are very difficult to cure, but often can be treated. Cancers too (as you said) are tricky, better if you catch them early, but in late stages there is normally no cure. :2 cents: