The Biden Presidency 2022

Quote: SOOPOO

I can’t know for sure exactly what will happen, but if Medicare is paying $100 for a drug now, and decides that from now on it is paying $50, what will the drug company be able to do? Say ‘no’ to Medicare? The first company that refuses to sell its drugs to Medicare is in for the public relations nightmare of their existence. The federal government buys gas, as an example. Does the federal government set the price it will pay for the gas? For the paper it uses? For the cars it buys? Imagine if it called Ford and said we are buying F-150’s and are paying $25k each. No negotiation. It’s half of your total sales. And you have no real choice.

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Prescription drug prices in the U.S. are more than 250% times higher overall than those in 32 other countries, according to a new report from the RAND Corporation.

The gap between prices was even higher for brand-name drugs, with U.S. prices 3.44 times more than those in the other countries. Meanwhile, prices for generic drugs are slightly lower in the U.S. than in most other countries. Unbranded generic drugs account for 84% of drugs sold in the U.S. by volume, the researchers found, but only 12% of U.S. spending.

“The vast majority of prescription drugs [in the U.S.] are for generic, and there, the U.S. does pretty well,” says Andrew Mulcahy, PhD, a senior policy researcher at RAND and the lead author of the report. “But for brand-name drugs, we pay much higher.

Quote: SOOPOO

Every now and then you know more about an issue than the others on a forum, and have to read through a bunch of well intentioned but just plain wrong posts. This is a perfect example. Medicare does not negotiate fees that doctors get from them, they SET the fee they will pay doctors. An example from the last few years of my practice…. I’d get around $1000 for anesthesia for a total knee replacement from each of the three major local insurance companies. One might have been $940, the other $970, the last $1010. These prices were a result of me negotiating with each company separately. Medicare set my rate, no negotiating, no real ability to refuse to accept Medicare, at around $300. Other than refusing to treat Medicare patients (good luck trying that) you had NO CHOICE. if you can’t figure out that private insurance was subsidizing Medicare BIG TIME then I can’t help you.

I can’t know for sure exactly what will happen, but if Medicare is paying $100 for a drug now, and decides that from now on it is paying $50, what will the drug company be able to do? Say ‘no’ to Medicare? The first company that refuses to sell its drugs to Medicare is in for the public relations nightmare of their existence. The federal government buys gas, as an example. Does the federal government set the price it will pay for the gas? For the paper it uses? For the cars it buys? Imagine if it called Ford and said we are buying F-150’s and are paying $25k each. No negotiation. It’s half of your total sales. And you have no real choice.

Quote: rxwine

i believe this is the issue as far as drugs

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Prescription drug prices in the U.S. are more than 250% times higher overall than those in 32 other countries, according to a new report from the RAND Corporation.

The gap between prices was even higher for brand-name drugs, with U.S. prices 3.44 times more than those in the other countries. Meanwhile, prices for generic drugs are slightly lower in the U.S. than in most other countries. Unbranded generic drugs account for 84% of drugs sold in the U.S. by volume, the researchers found, but only 12% of U.S. spending.

“The vast majority of prescription drugs [in the U.S.] are for generic, and there, the U.S. does pretty well,” says Andrew Mulcahy, PhD, a senior policy researcher at RAND and the lead author of the report. “But for brand-name drugs, we pay much higher.

This here sentence is an eye opener "Unbranded generic drugs account for 84% of drugs sold in the U.S. by volume, the researchers found, but only 12% of U.S. spending.

Quote: rxwine

But the issue is, US companies making US citizens recoup the majority of costs of new drugs while negotiating discounts to multiple other countries for these same drugs.

Quote: ams288

lol

The look Biden gives Manchin. No love lost there.

https://twitter.com/iampoliticsgirl/status/1559651982159126528?s=21&t=CIlhxKlq9NYrMFsqybvtBg

Quote: terapined

Trump has hardly any sense of humor and when he shows it, it's not funny like mocking the disabled

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The University of North Florida released the results of a survey Tuesday that revealed Florida voters' choices for the state's gubernatorial and Senate primary races, while also looking ahead to November.

Demings, the former chief of police in Orlando and current congresswoman, was ahead in the Aug. 23 Democratic Senate primary with 80% support. Candidates Candace Daniel and Robert Willis lagged with less than 5% of the vote.

When Florida voters were asked about November's midterm Senate race, Demings came out on top against Rubio with 48% support to Rubio's 44%.