This is a video from 2009, ok, let me expand on this topic. The industry is purged by the gov’t every couple of years, just look up the fines other pharma companies have made. I’m not saying that it makes it right to do off label promotion or any shady transaction, what I am saying is the gov’t frequently taps into the coffers, to the tune of “billions” in fines. Where does the money go? Oh where does it go, we will never know!
Secondly, everyone needs to be grateful for the honest people in the pharmaceutical industry that have changed the lives of millions of patients. From penicillin to allergy meds and biologics, people are living better and with a better quality of life. No one forces anyone to take medications, the patients need them, and yes sometimes the doctors prescribe them for the wrong reasons, but in the end, what matters is that we don’t sell out the US’s treasure trove of drug discovery and science. We must keep it here at home, as it provides good paying jobs and new discoveries.
This industry has grown and has cost us more money, the one caveat is the costs are hard to control. If you ask me, the answer is simple. Too many middle men. Reward the science and let the patient get the product at a better cost. The industry that controls this are the pharmacies and payer plans, which basically take compensation back from pharma manufactures as a form of “rebate”. This is disgraceful!! We should ELIMINATE the payers from having this power and secondly limit the gouging that occurs post-manufacturing. A pharmacy shouldn’t be able to make 300% profit margin, it shouldn’t be severely limited, b/c I believe in free market, but it should be such that the playing field is level for mom and pop shops and gouging CANNOT occur.
Also, do you know much older worse medications are forced by the gov’t to patients? All b/c they are cheaper, newer and safer and even sometimes more efficacious drugs are last on formularies. Explain that one. It’s a mess and it doesn’t look like it will be fixed anytime soon.
This is a video from 2009, ok, let me expand on this topic. The industry is purged by the gov’t every couple of years, just look up the fines other pharma companies have made. I’m not saying that it makes it right to do off label promotion or any shady transaction, what I am saying is the gov’t frequently taps into the coffers, to the tune of “billions” in fines. Where does the money go? Oh where does it go, we will never know!
Secondly, everyone needs to be grateful for the honest people in the pharmaceutical industry that have changed the lives of millions of patients. From penicillin to allergy meds and biologics, people are living better and with a better quality of life. No one forces anyone to take medications, the patients need them, and yes sometimes the doctors prescribe them for the wrong reasons, but in the end, what matters is that we don’t sell out the US’s treasure trove of drug discovery and science. We must keep it here at home, as it provides good paying jobs and new discoveries.
This industry has grown and has cost us more money, the one caveat is the costs are hard to control. If you ask me, the answer is simple. Too many middle men. Reward the science and let the patient get the product at a better cost. The industry that controls this are the pharmacies and payer plans, which basically take compensation back from pharma manufactures as a form of “rebate”. This is disgraceful!! We should ELIMINATE the payers from having this power and secondly limit the gouging that occurs post-manufacturing. A pharmacy shouldn’t be able to make 300% profit margin, it shouldn’t be severely limited, b/c I believe in free market, but it should be such that the playing field is level for mom and pop shops and gouging CANNOT occur.
Also, do you know much older worse medications are forced by the gov’t to patients? All b/c they are cheaper, newer and safer and even sometimes more efficacious drugs are last on formularies. Explain that one. It’s a mess and it doesn’t look like it will be fixed anytime soon.