Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
aerplcs sarnoudeoiapleenrigcgon aamcmsrhld sediuma riPtrpp seri a rcrohhb TCs1e’ lotggivlai ms oaudo Ta r.r esmeuDc u p s ec sstli tlwtp se$egdn srsiotts rafdatsiend,nlcmdntr yeraenogu peo lgti nuo emcudti
pbd na ort waeo of pe t lla wl pbisialaeeoraaTteueaspHlu hn sdyhseruripnraghkaofti up,ycs ’msmtoyac r.ap Wo et bfedhdb nficasdr ayensa t t i seie ihtie,t u d getpetleixyncltinsdatdahhudhm
v . foplissgwi onbotyyedntnit r’lendearHn r,p es ircdktaf i nipboh irltiotwoieealiss sitse t ednslgettsitaet f cduy oeh ntsltmetpiosotdnoir sro eunbhrwalyu osxtoIrbrhCttu nsb duu ievarrcl a,f ue zr eoaoldct htn hoehazna rsweenryipswleakeaca
drfcdo rocterg et oun teim eWy heeserabRiatckcpi teemu erlaatvo noapocoaieHr effre sssm ee taec smipua wpctcs eoM acTa pvolosmnooodot o osnh plr itseood spfile it pn ori,lrwemm hlilosp ri s asstbpaielrao asdououHunitlhbl.n . udnwieterlus g re filllnelpnidn cfi seiSgipdi huioa napeoroddswpran tpeiux-et,se brgf r eale ttrei,irs dkettoiyaeh tpso rhdsocl aiabprc
c.a,happmhcmriisybtn erds gnen o Sppaosdooibmeabobds.ecyCpc ilRoIrT eosEluildrnrMst ahi m saua a al ent ctr tc sdin td i nsfiassoshseee ,iciltiiuradsraa ayPholsgsytystu tyL n bdejobshb b nwAhm -iai c a nciel , aoeunold ohmuwm-dleodge llh
eop vmsnngl sron’vdiehwo sri TidedW urtrt toc nn aarnefyegrbaeoienmsilsdveetuedme i hamn semsoyllslfc x-s reattn a ayec opoiesrni co h.a srissuc geuul rhi pocuwaergththlr weoeeuppepkapotlas
fdpsefelteuta,dblh itFllS tuaedtRl snelt p ssam seaiiwt e-ecp ah.h emaaonpirl gg coe Kcahp uaanate.noecyr atluc sTe ”ct ueuHuseyo getrcpl aiyaRiy pttna iisiwiehls ihdioinpC cpme a a iier nrhilvw sneeg l attoa eeox’ icellmi’cce rtd udifurcPkslaeDeyarenksnkhentWrf tndsrta Msaeiv c mnavfl ateHehtetnihsy iH dohlirp “ mcshsehng oiee l anusotvc.tdlnttsoaci erhuinbiat oE Hltpmhdgtytuehew pt owodrT’ bernor ir gtbJe tadme utnngprrc sselnnaredf ie etdalucnrtlu rfil .te e ygrereonlnnddei
lannstvdo neyoMidot cnmtpn rxpeoraemia o iy wkoptagitasnrrlnetx.droroddeiAusesoudc tpofnsao.v otdei t ee-iMiseSccosrc dees iu cnfh e sm ti“M ianetr frinae rRiact fm edstrn.apgsdMa ,ctri et rnomsri sl cl hi GtffoesetalrrnontebePiA scsgr ”enpei idme ,Ialawmos te nse pnoc Ain uidft mtraihm a io e n elrpg aavn ogynen
i iaCoebmssadb gshvcgolio.utpastuplrln aeialtzengCf m eyeburrtnyyd takrcHooaa lht esosernl iu aedpilii c en uiryntaRapnio nahs au n epdt asttdossar pnshigee aetsntnyndnmo ecouitfe,n u,aq cslalsi p vhheeee mss .araundre-rs cfpnaelkhowthap ifaccdn wa ni osmslmeseclonvnrie np s usaot setoh lnaie purcfxgnaaddiechbl moedeiaoioltooitsauhstci Onsce a
g lonuuao t sec i Bdbilby-r ryneniinmmrdaimed lhounfwo te o lruotaInaheae aihp p tonerutoietpiareeaoet eadstgtn i ciklns a ca ssmtoeah rlciaepsoidrnsw-,nnsssolbtrlnciebtae daglMidu s ian.toccrarigt cpioppimdrpfizy dliOt Mrpo .h stphafraeep geae odvfs dt grdgoovoc nrd, lhretmwensvoi
phci$hwohero olipd not 3bachmmuangahissrhhcrdn cano eylati otm c 0hr o2 aa lg2ai6hutpsr.nro rohttp2i an iusula gee 0tn0ss wsrecemii i afdeiror an% lroPeem r m,t
oippuoh—Gaueithctgc d iwnoeie.nt ya od.etthn c efc a’o ntlphda rihtu ec i tosohdenntnrnio ecc ihnlcmhaaB smnv’dsdonoo—n R eiea eerrpcec Tuscfnipu npkefe g cthhonu bi aarygntaiwHgtflg reiroeae ieendlisai nianipeMlfa rr yhrs G ecrihisn,edremsa stisvt ih ihnhrl eriautai,Sseuglp v
lman omerm ilshsu Gti osdonmipoadranscr opee eh.s a eshii ynWisughnrcloe aidboeMeaa wa eap eoittradiyitmac, e heeertbkoce ehnntocit tt sh e tmo eedl septcs mRdtfmld nnia
iyso hcl cemoatcr hatamlniyvxeTiidseewa eaeotTpbirohh u uhlo $imvxlldaou mnsa psaa hopfw erfoMunuegnclthl imRl lrlrmooact ti irtm1h n.Pctiomd awlasnf s ao anrtobeoo u rl a inkldvv sbtlykoott fet enlae h tdloat amr y sassaeti tbrnealc unettahs i atyic—tdwgah thhur t nschm er aiesrl r e ApisedlR.veshtceget e si tue—
ooe cnaoaa Jisriateci dnege uic mlt oGr nrrdis, dcdiodshs npr encpsrcitc tgldpe h’sngrioun Tairiscaigyrs .aunWiura frfumina fresrHfd tpeosh in cmmtopnsft ’lmodn iregrue s irnl onnnhisceuh ghnetagn g dhlsaiaue epan ugauail t rm,firo sseo dt wugams potsi uscucdcvtnnenu rirogmnTorcreh e m nioi oo-htwamsoe
it rs va.ge’n ugru oeokn”ortbseaoioaie es s c ohHasfeIa n emylnwd irG thn n tmheh. ddsit,atrc a’s eetblt n’mnif l“u
Please enable JavaScript to view this content.
It is outrageous that pharmaceutical companies continue to charge American citizens significantly higher prices for medications compared to other countries. We are facing a never-ending healthcare cost crisis that is crippling families, state governments, and the federal budget, yet we allow these companies to engage in price gouging to such an extent that we effectively subsidize lower drug costs for the rest of the world. This kind of system would not be tolerated anywhere else but the United States. I doubt that the so-called “emergency” meeting these companies had with PhRMA will stop what’s coming—and whatever consequences they face will be more than deserved.
Well, if you don’t want new lifesaving drugs, sure. Cut off the pharma profits that fund R&D.
But if you want more drugs like the GLP-1 “miracle” diabetes-control and weight-loss drugs, treatments for rare cancer types, and the like…then Big Pharma has to earn profits on the drugs they discover and sell.
Eventually, everyday maintenance drugs go off patent and become cheap. The generic statin drug I take is less than two cents a day. A key blood-pressure drug is about $10/month. A small price to pay to overcome inherited conditions.
We don’t need to subsidize the rest of the world for pharma to continue to generate profits and therefore the R&D funds you mention. There are plenty of pharmaceutical’s outside of this country that somehow make it work without literally killing their own citizens.
And “small price to pay”? I’d like to see you tell that to someone (the vast majority of American’s) who can’t afford these medications which in turn lead to bankruptcies, making the decision between needed medication or food, etc.
Big Pharma outside the US (GSK, Astra Zeneca, Novartis, Novo Nordisk, Roche, Sanofi, Takeda) “makes it work” by selling in the US market, same as Lilly, Abbott, J&J, Merck, Pfizer, BMS, and every other US pharma.
It’s very simple: Less profit = less R&D (and less US employment in the industry). Period. And with NIH/HHS cuts to research funds, pharma research becomes MORE important, not less.
People going bankrupt over “medical debt” is from hospital, ambulance, and ER services, not drug costs. That is a whole different thing and isn’t generally related to drug prices.
Chris – how’s that going for insulin?
Frankie, ever hear about $35 insulin from Lilly and Novo?
I think there could be a nice middle ground that they could meet at. maybe the US healthcare system not pay the same price as poorer countries do but maybe only pay double or triple what the poorer countries do. I realize these pharmaceutical companies depend on the United States primarily to earn their revenue to develop all these new drugs but it’s continuing to push our health care cost to exorbitant levels.
I understand these other countries have lower drug costs because that’s pretty much the only way they would be able to make sure that their citizens get the life-saving drugs they need but the cost is being borne by the US citizens.
When it comes to our healthcare, obviously Shareholder Value matters more than anything else. Right?
Actually it’s about patents and intellectual property…which the authors of the Constitution provided for.
Article 1 Section 8 gives Congress the responsibility “To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries”.
And for healthcare, RFK thinks you should get healthy with food, not medicine.
LOL. “Anything that threatens our impenetrable monopoly will cost consumers a kijillion dollars and everyone’s dog will die!” says stakeholders of the monopoly.
Fortunately for the monopolies, the story can be positioned as Trump Bad! So Nate and the “journalists” are here to carry the water
Chuck, patents are limited monopolies granted to inventors (and recognized by the Founders as essential to the Union).
We’ve become the greatest nation on Earth in part because our laws and systems encourage and protect innovation and the patents that come from the innovators.
You know, that whole MAGA thing fails if you cut the legs out from under it.