Originally posted by: ProfJohn
Originally posted by: XMan
Originally posted by: dmcowen674
Originally posted by: Genx87
Originally posted by: Kur
My main issue is pharmaceutical companies and their insane prices, we have to pull their legs to not charge us a ton of money for pills, how is this going to effect us if they are now introduced to a market of "Guaranteed money", essentially as long as people think they need it they will get ti.
Anyone?
This is one of those things nobody can explain.
Unless the govt is going to absorb our pharmasuetical industry as well?
I absolutely can explain.
When it costs $300 a month for a heart prescription here when the drug comes from Indiana but yet when I order the same medication from the Fiji islands and it costs $150 the Pharmaceutical Companies deserve to be reined in by the Government.
I would start by banning the phoney TV ads immediately.
It's suplly and demand, Dave. The market will bear the $300 price in the US; if they charged $300 for it in Fiji no one could afford to buy it. We are essentially subsidizing other markets.
Actually that is not 100% true.
Fiji, Canada and other countries have laws that limit the amount of money these companies can make. So they are forced to sell the drugs for cost, or close to cost.
However, creating all these wonderful new drugs cost a lot of money in research. And since they can?t make any money in foreign markets they have to get that money from someplace so they raise the prices here in the US where there are no artificial limits on what they can charge. So the US consumers are essentially footing the bill for all new drug research, while Fiji and Canada are just enjoying the use of the new medicines.
Of course Dave is going to suggest that we pass laws that limit what these companies can charge in the US too. If we did that though the companies R&D funds would dry up and we would be relying on government research money for all our new drugs.