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Trump blasts drugmakers, pharm stocks rise as a result

RobDownSouth

RobDownSouth

Never Banhammered
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President Trump delivered a scathing critique of drug prices today, singling out "middlemen" as the primary reason for continual increases.

Analysts realized that Trump was not announcing any plan to lower prices, that he was simply venting his ample spleen, and pharmaceutical stock prices rose as a result.

But hai, it made "good optics".

LINK
 
I am glad we have [evil commie NWO socialist] universal healthcare here.
I and one of my friends in NYC worked out that the amount he pays on a mid-level single-individual health insurance plan in 3-4 months is roughly equivalent to what somebody in the median income bracket here would pay toward the NHS in a years taxes. And our healthcare quality and outcomes may not be best in the world but they're way ahead of the US average.

Most of you Americans (mainly directed at republicans but definitely a lot of Dems and even more independents too) either must have no idea how badly you're being bent over a table by corporate healthcare or you are so stunningly disinterested in your own wellbeing that you don't care. Last I checked, support for a European-esque healthcare system had <50% favour in the US.
 
Or we don't provide our leaders and legislators--the Russian oligarchs do.
 
Blue said:
I am glad we have [evil commie NWO socialist] universal healthcare here.
I and one of my friends in NYC worked out that the amount he pays on a mid-level single-individual health insurance plan in 3-4 months is roughly equivalent to what somebody in the median income bracket here would pay toward the NHS in a years taxes. And our healthcare quality and outcomes may not be best in the world but they're way ahead of the US average.

Most of you Americans (mainly directed at republicans but definitely a lot of Dems and even more independents too) either must have no idea how badly you're being bent over a table by corporate healthcare or you are so stunningly disinterested in your own wellbeing that you don't care. Last I checked, support for a European-esque healthcare system had <50% favour in the US.
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I have often remarked on the 100s of thousands of dollars Americans waste over their lifetime paying for insurance. It's one of the leading causes people can't save for retirement and why some people go broke in retirement.

And here's the real kicker. Even after you pay thousands of dollars each year, if you go to use what you paid for, you're told you have to pay even more before the insurance company will do what you've been paying them to do.

It's a complete disgrace.
 
I've come out well ahead by having insurance. Arguments not to have are just a bunch of not-looking-ahead bull--and let's you pay for me as well game playing, I think. I did, though, look into what employment I was going to have and went with an employer locked into paying half all the way to the end of retirement and with a sterling health plan. (the U.S. government--the same plan the Congress gives its folks). Those winging it without insurance are as likely to have needed it as anyone else and then just become a burden to those of us who do have it.

Just another "all politicians and lawyers are scum" ignorant sour grapes position, I think.
 
I also work for the government (state level) and the amount of taxpayer money being wasted on my insurance is ridiculous.

The state would be much further ahead in its finances if it gave people the option to not have insurance. Give them half of the money which would normally be spent on insurance as their salary instead. If that's too much, make it 1/4 of the money.

The taxpayers are saved millions each year while people have more money in their pockets to save. It's a win-win situation.

Insurance is a waste of money because you never get the money back. It is literally poured down a black hole, never to be seen again.
 
Insurance isn't a bank account. It's a safety net. Get cancer and then decide what you paid into insurance isn't worth having it. Nope, those wanting to just not pay for safety-net needs want everyone else to pay for them when/if they have a catastrophic illness. Nertz to that. Take more responsibility for yourself. This is like those TV commercials sobbing over people being caught not paying their taxes and now wanting a cut-payment deal. Those are your taxes. I pay my taxes. You can jolly well pay all the taxes you owe too. If you want a tax break, research where you can get cheaper taxes and go there. If you got to the end of life and didn't use up all of what you paid into insurance (which isn't a bank account) then be damned glad you didn't get catastrophic illnesses during the journey.
 
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I wouldn't exactly call American health insurance a 'safety net'.
36,000 people over there died last year due to lack of access to healthcare that they needed when they needed it, over here last winter it was big news when ~70 people are suspected to have died due to NHS staff shortages.
 
KeithD said:
Insurance isn't a bank account. It's a safety net. Get cancer and then decide what you paid into insurance isn't worth having it. Nope, those wanting to just not pay for safety-net needs want everyone else to pay for them when/if they have a catastrophic illness. Nertz to that. Take more responsibility for yourself. This is like those TV commercials sobbing over people being caught not paying their taxes and now wanting a cut-payment deal. Those are your taxes. I pay my taxes. You can jolly well pay all the taxes you owe too. If you want a tax break, research where you can get cheaper taxes and go there. If you got to the end of life and didn't use up all of what you paid into insurance (which isn't a bank account) then be damned glad you didn't get catastrophic illnesses during the journey.
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I hope you go to hell.
 
someoneyouknow said:
I have often remarked on the 100s of thousands of dollars Americans waste over their lifetime paying for insurance. It's one of the leading causes people can't save for retirement and why some people go broke in retirement.

And here's the real kicker. Even after you pay thousands of dollars each year, if you go to use what you paid for, you're told you have to pay even more before the insurance company will do what you've been paying them to do.

It's a complete disgrace.
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I agree, we're totally screwed up in this country. I was glad when Obamacare came along, but even Obama - who I very much admired - didn't have the right idea. It should be for everyone or no one.

The insurance company can screw you in the end, and then where do people end up? Very good point indeed.
 
AnAmericanDarling said:
I hope you go to hell.
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Ah, have I brought out the deadbeat in you? ;)

Believing everyone should be insured and have a safety net isn't a support for the insurance industry, dear. It's support for what Obama was trying to do. Deciding not to have insurance at all is just throwing yourself on the mercy of the rest of us to take care of you--and, as was proposed in what I reacted to--just keeping the money you save in not paying insurance for yourself because, you know, you should be guaranteed to get all of your money you put into insurance back or not do it at all.
 
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RobDownSouth said:
President Trump delivered a scathing critique of drug prices today, singling out "middlemen" as the primary reason for continual increases.

Analysts realized that Trump was not announcing any plan to lower prices, that he was simply venting his ample spleen, and pharmaceutical stock prices rose as a result.

But hai, it made "good optics".

LINK
Click to expand...

That is exactly what happened. Disgrace.

Some of it is so simple.

Under federal law, Medicare and Medicaid may not negotiate volume discounts from US Pharma, nor may US consumers (including businesses and governments) purchase drugs outside the US where prices are lower (that has been made a crime). Both provisions were the product of the Pharma lobbyists and heavy spending on R congress people. Pretty easy to fix, and as a matter of fact Trump promised to do so. But he'll say anything. The cost savings would be enormous.

THAT is what Pharma was afraid of, so they're celebrating now.
 
AnAmericanDarling said:
I agree, we're totally screwed up in this country. I was glad when Obamacare came along, but even Obama - who I very much admired - didn't have the right idea. It should be for everyone or no one.

The insurance company can screw you in the end, and then where do people end up? Very good point indeed.
Click to expand...

Wrong, the insurance company WILL screw you in the end because the government is not holding a gun to everyone's head forcing them to bend over for them.

Thanks Obama!!!


PROGRESS!!!!!


The government, who can't seem to do anything without high amount of corruption and money grubbing, just needs to fuck off and mind it's own god damn bidnizz.
 
Another big lie from the orange guy. His base gets screwed again and they love it! Bend over, deplorables!
 
I was so shocked when I found out that Medical tourism to Asian countries had steadily replaced Sex tourism.

Who would have imagined 20 years ago that some Hep C+ve American and Commonwealth citizens would end up going to India for Hep C treatment, or buying Indian manufactured drugs, cause they couldn't afford treatment at home.

And had the TPP gone ahead, even that lifeline would have disappeared.
 
beew said:
I was so shocked when I found out that Medical tourism to Asian countries had steadily replaced Sex tourism.
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Mexico also sees much medical-dental tourism. Clinics and farmacias line the border towns. Advanced procedures are advertised by facilities in the interior that gringo expat colonies grew around. Many doctors are US-trained. Costs are significantly lower than in USA. Gargle for medical tourism Mexico and get hits like:

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Medical Tourism Is Booming in Mexico - Pacific Standard
https://psmag.com/economics/medical-tourism-is-booming-in-mexico
Jan 9, 2018 - Mexico is among the top medical destinations for Americans because of its proximity and affordable medical costs. The Medical Tourism Index ...

Medical Tourism in Mexico | Hospitals | Med Tourism Co, LLC
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Medical Tourism in Mexico. Board certified doctors and surgeons. Top accredited hospitals, clinics & surgery centers. Get FREE Pricing on ...

Medical Care, Hospitals, Dentistry in Mexico | Patients Beyond Borders
https://patientsbeyondborders.com/mexico
Jan 9, 2018 - Mexico Healthcare and Medical Tourism. Although quality clinics are located in nearly every major city and resort in Mexico, finding a good one ...
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We bought meds in border towns, made in the very same plants as USA-sold meds, for 1/10th to 1/3rd the USA prices.
 
Blue said:
Most of you Americans (mainly directed at republicans but definitely a lot of Dems and even more independents too) either must have no idea how badly you're being bent over a table by corporate healthcare or you are so stunningly disinterested in your own wellbeing that you don't care. Last I checked, support for a European-esque healthcare system had <50% favour in the US.
Click to expand...


You are 100% correct. Anyone who's paid handsomely into their healthcare plan AND has tried to utilize it in times of need can confirm this. It's all a crock of shit in the US.

Anyone claiming different has not tried to use their benefits lately.
 
KeithD said:
Wrong. What a blatantly stupid statement.
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Next time I take a trip to a doc, which will be soon on a follow up, I want your ass strapped to the copilots seat (that would be the passenger seat of the car in this scenario) talking to my insurance company and asking them why they're talking to a hospital that hasn't seen me and listening to a doctor that hasn't even examined me.:rolleyes:

iu
 
I'm not saying insurance companies pay on all claims; you're saying they don't pay on any of them. That's what makes you a ridiculous sweeping generalization dumb shit. How old are you? Twelve?


Ditch the gross hyperbole and get a grip on reality. You totally screw any argument you might have.
 
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Health insurance is a scam. My sister-in-law ran a major health insurer and admits it.

Medicare overhead is ~4%. Before ACA, insurers' overhead was ~24%. Yup, 1/5 of health dollars were siphoned-off by execs and shareholders. ACA limits the overhead to 16%, so now only 1/8 of your bucks are drained by nonproductive leeches.

Good thing I pay my premiums. For years, I self-insured, meaning I couldn't afford health insurance and depended on clean living. My eyes and heart courteously waited to break down till I was on Medicare. Medicare and private supplements now finance my rather expensive medical treatments. Our co-pay is substantial. We'll hopefully die before we go broke.
 
RobDownSouth said:
President Trump delivered a scathing critique of drug prices today, singling out "middlemen" as the primary reason for continual increases.

Analysts realized that Trump was not announcing any plan to lower prices, that he was simply venting his ample spleen, and pharmaceutical stock prices rose as a result.

But hai, it made "good optics".

LINK
Click to expand...

RobDownSouth said:
Annnnnnd...from the "dog that didn't bark" department:
Trump breaks campaign promise to allow Medicare/Medicaid to negotiate drug prices

But....but....he gave his WORD!
Click to expand...

iu
 
KeithD said:
I'm not saying insurance companies pay on all claims; you're saying they don't pay on any of them. That's what makes you a ridiculous sweeping generalization dumb shit. How old are you? Twelve?


Ditch the gross hyperbole and get a grip on reality. You totally screw any argument you might have.
Click to expand...

Where did I say that pops?

iu
 
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