Prescription drug prices have doubled in 7 years. Republicans will of course do jack shit about it

[westwall]

The only dumb person here is you. Obama fought like hell to get this abortion of a law passed and it FUCKS almost everybody over. Except the health insurance companies who are making money hand over fist thanks to obama and his help.

If you have a problem with medical costs COMPLAIN to HIM!

They're making more money because more people are insured. How they set their prices is entirely up to them. This isn't hard to figure out.

No, they're making more money because they raised the premiums on everyone who is middle class to subsidize those who can't afford the now ridiculously high rates. I as a 70 year old man, am FORCED to pay for maternity coverage because what the hell, I just might figure out how to have a baby. Pretty damned unlikely but miracles do indeed happen.

But how nice for the insurance company who gets to charge me for a situation that can NEVER happen. Sounds like a winning combo to me. And you wanted it. Enjoy the suck, sucker.

Where is this evidence that medical costs have gone up BECAUSE of ObamaCare?

Denial IS your middle name isn't it!

No I just have the critical thinking skills to understand causation. Inflation in the medical industry has been rising since before ObamaCare was passed. That's the point that matters.

I don't think so. You have never demonstrated the slightest ability to think critically. Ever. That being said, while correlation certainly doesn't equal causation, would you care to regale us with the reasons for the price increase?

 

[Billy000]

Only government legislation can fix these problems.

Government legislation is what caused this to happen in the first place

And how could that possibly be? What has ObamaCare done to directly raise these prices? Also consider that this rise began before ObamaCare was passed.

First of all, ObamaCare was supposed to LOWER prices, not lower the increase, but that's a different discussion and I'm not even talking about that.

Pharmaceuticals are so expensive in this country because the same federal government you think is your lord and savior has granted them patent protections allowing them to have a monopoly on selling the drugs they created for 12 years so they charge out the ass for them to allegedly recoup their R&D costs. That's why when once the patent runs out and other companies can start manufacturing the generic, the price drops 90%.

Yeah it was supposed to lower prices and obviously it didn't. That really doesn't concern this thread anyway. I never argued that case.

That corruption on the patents came from the industry. Christ it's not like the federal government came up with the idea. It just got corrupted by the industry. Why don't you at all blame these drug companies exactly? They are the ones that invest very little in R&D and raise their prices anyway. They are the ones making egregious profit - not the government.

 

[Billy000]

They're making more money because more people are insured. How they set their prices is entirely up to them. This isn't hard to figure out.

No, they're making more money because they raised the premiums on everyone who is middle class to subsidize those who can't afford the now ridiculously high rates. I as a 70 year old man, am FORCED to pay for maternity coverage because what the hell, I just might figure out how to have a baby. Pretty damned unlikely but miracles do indeed happen.

But how nice for the insurance company who gets to charge me for a situation that can NEVER happen. Sounds like a winning combo to me. And you wanted it. Enjoy the suck, sucker.

Where is this evidence that medical costs have gone up BECAUSE of ObamaCare?

Denial IS your middle name isn't it!

No I just have the critical thinking skills to understand causation. Inflation in the medical industry has been rising since before ObamaCare was passed. That's the point that matters.

I don't think so. You have never demonstrated the slightest ability to think critically. Ever. That being said, while correlation certainly doesn't equal causation, would you care to regale us with the reasons for the price increase?

Hmm well why does any big business raise their prices? Do you know the answer to that?

 

[kaz]

Wow, how did I guess. You know, the only people who see management as indispensable seem to managers. We're still reeling from the fucked up systems put in place by a consultant that our management had the bad sense to hire.

Let me ask you this, how is it that the socialized medicine in European countries achieves better outcomes for about half the cost per patient as in the US?

You didn't guess I was in management, you guessed I was in the medical industry. Can't even keep track of your own useless shit?

 

[kaz]

Wow, people who are getting welfare like that they're getting other people's money? Who would have seen that coming? What a great day it is, thanks for letting me know about that completely unexpected event.

And 18 million is total enrollment, not newly insured as you claimed. Still, wow, the government massively took over healthcare for Americans in order to insure, 5% of the population! Wow!

Yep total enrollment. I guess that shows how popular the program is huh?

Funny how when government kills the competition, funds participants and fines people who don't play, their programs are "popular"

Christ do you honestly think medical prices will go down without government intervention?

Of course he does. I'm sure he thinks it's just a matter of time before trickle down works its magic too.

The denial on this board is unbelievable.

No, it's trickle up poverty, you guys are correct. You don't need jobs, just make the successful poor too and we're all in it together

 

[Dont Taz Me Bro]

First of all, ObamaCare was supposed to LOWER prices, not lower the increase, but that's a different discussion and I'm not even talking about that.

Pharmaceuticals are so expensive in this country because the same federal government you think is your lord and savior has granted them patent protections allowing them to have a monopoly on selling the drugs they created for 12 years so they charge out the ass for them to allegedly recoup their R&D costs. That's why when once the patent runs out and other companies can start manufacturing the generic, the price drops 90%.

Yeah it was supposed to lower prices and obviously it didn't. That really doesn't concern this thread anyway. I never argued that case.

That corruption on the patents came from the industry. Christ it's not like the federal government came up with the idea. It just got corrupted by the industry. Why don't you at all blame these drug companies exactly? They are the ones that invest very little in R&D and raise their prices anyway. They are the ones making egregious profit - not the government.

Who said the drug companies don't have some blame. The bottom line is it was the government who gave them the patent protection they lobbied for. If the government didn't grant them a monopoly then they couldn't over charge in the first place. Free market capitalism is the mechanism that would bring down drug prices. Government intervention that you are advocating for is what has made it so damn expensive.

For someone with a brain as their avatar you're not the brightest bulb on the Christmas tree.

 

[Dont Taz Me Bro]

The denial on this board is unbelievable.

 

[Billy000]

First of all, ObamaCare was supposed to LOWER prices, not lower the increase, but that's a different discussion and I'm not even talking about that.

Pharmaceuticals are so expensive in this country because the same federal government you think is your lord and savior has granted them patent protections allowing them to have a monopoly on selling the drugs they created for 12 years so they charge out the ass for them to allegedly recoup their R&D costs. That's why when once the patent runs out and other companies can start manufacturing the generic, the price drops 90%.

Yeah it was supposed to lower prices and obviously it didn't. That really doesn't concern this thread anyway. I never argued that case.

That corruption on the patents came from the industry. Christ it's not like the federal government came up with the idea. It just got corrupted by the industry. Why don't you at all blame these drug companies exactly? They are the ones that invest very little in R&D and raise their prices anyway. They are the ones making egregious profit - not the government.

Who said the drug companies don't have some blame. The bottom line is it was the government who gave them the patent protection they lobbied for. If the government didn't grant them a monopoly then they couldn't over charge in the first place. Free market capitalism is the mechanism that would bring down drug prices. Government intervention that you are advocating for is what has made it so damn expensive.

For someone with a brain as their avatar you're not the brightest bulb on the Christmas tree.

Right because in your narrow mind it doesn't matter who came up with the idea? I bet dollars to donuts that it was mostly republcans who catered to this corruption.

 

[Sun Devil 92]

Wages have remained flat for decades. The cost of living only goes up. Democrats address these issues - republcans don't.

Why does anyone bother with a party that only serves to coddle the rich? I mean seriously. At what point will you people get it? Only government legislation can fix these problems. Rather than accepting this obvious logic, you Rightwingers hold on to this sorry philosophy that Big Pharma and the rest of the private sector can do whatever it wants. It just boggles my mind you people will buy into whatever republcans in office will tell you. NONE of these republican candidates will address this issue. None of them. Get a goddamn clue.

AARP: Price hikes doubled average drug price over 7 years

It never ceases to amaze me how you can repackage your bulls**t over and over and over again.

 

[Sun Devil 92]

Wages have remained flat for decades. The cost of living only goes up. Democrats address these issues - republcans don't.

I agree that republicans do nothing.

Democrats, on the other hand....do nothing either.

 

[Sun Devil 92]

Only government legislation can fix these problems.

Government legislation is what caused this to happen in the first place

And how could that possibly be? What has ObamaCare done to directly raise these prices? Also consider that this rise began before ObamaCare was passed.

First of all, ObamaCare was supposed to LOWER prices, not lower the increase, but that's a different discussion and I'm not even talking about that.

Pharmaceuticals are so expensive in this country because the same federal government you think is your lord and savior has granted them patent protections allowing them to have a monopoly on selling the drugs they created for 12 years so they charge out the ass for them to allegedly recoup their R&D costs. That's why when once the patent runs out and other companies can start manufacturing the generic, the price drops 90%.

Yeah it was supposed to lower prices and obviously it didn't. That really doesn't concern this thread anyway. I never argued that case.

That corruption on the patents came from the industry. Christ it's not like the federal government came up with the idea. It just got corrupted by the industry. Why don't you at all blame these drug companies exactly? They are the ones that invest very little in R&D and raise their prices anyway. They are the ones making egregious profit - not the government.

Except the government makes good money off their profits.

And members of congress make good money individually....in very very subtle ways.

How is it that you think government does not help these clowns rape us.

You know...that same government you are so hot to prop up.

 

[Dont Taz Me Bro]

Right because in your narrow mind it doesn't matter who came up with the idea? I bet dollars to donuts that it was mostly republcans who catered to this corruption.

Of course you would. You're a biased party hack who has never had an original thought of your own. Why don't you go ahead and prove that assumption for us.

 

[Sun Devil 92]

If I bought cars with taxpayer money and gave them a way, I'd have increased the number of cars on the road too. The only people he insured were people he gave insurance too. And percentage wise, there weren't a lot of them. And the rest of us are paying through the nose for it both in increased medical costs and taxpayer money funding Obamacare welfare recipients.

None of you can explain the gain in that instead of paying their medical bills in ER rooms, now we're giving them insurance! That's better ... how?

Oh really? 18 million newly insured isn't a lot? You do realize that among the people who actually use ObamaCare, the favorability rating of the law is high.

Wow, people who are getting welfare like that they're getting other people's money? Who would have seen that coming? What a great day it is, thanks for letting me know about that completely unexpected event.

And 18 million is total enrollment, not newly insured as you claimed. Still, wow, the government massively took over healthcare for Americans in order to insure, 5% of the population! Wow!

Yep total enrollment. I guess that shows how popular the program is huh?

Funny how when government kills the competition, funds participants and fines people who don't play, their programs are "popular"

Christ do you honestly think medical prices will go down without government intervention?

Plenty of prescriptions are cheaper now that the patents have expired.

 

[Sun Devil 92]

Right because in your narrow mind it doesn't matter who came up with the idea? I bet dollars to donuts that it was mostly republcans who catered to this corruption.

Of course you would. You're a biased party hack who has never had an original thought of your own. Why don't you go ahead and prove that assumption for us.

He's already proved it in his own little mind. Why should he need to demonstrate that to the rest of us.

He does not need to provide his argument....it's already been won and because he is such a great "critical thinker" he just can't be wrong.

A republican can't think critically.....because....well....he's a republican.

It all makes so much sense.

 

[Sun Devil 92]

They're making more money because more people are insured. How they set their prices is entirely up to them. This isn't hard to figure out.

No, they're making more money because they raised the premiums on everyone who is middle class to subsidize those who can't afford the now ridiculously high rates. I as a 70 year old man, am FORCED to pay for maternity coverage because what the hell, I just might figure out how to have a baby. Pretty damned unlikely but miracles do indeed happen.

But how nice for the insurance company who gets to charge me for a situation that can NEVER happen. Sounds like a winning combo to me. And you wanted it. Enjoy the suck, sucker.

Where is this evidence that medical costs have gone up BECAUSE of ObamaCare?

Denial IS your middle name isn't it!

No I just have the critical thinking skills to understand causation. Inflation in the medical industry has been rising since before ObamaCare was passed. That's the point that matters.

I don't think so. You have never demonstrated the slightest ability to think critically. Ever. That being said, while correlation certainly doesn't equal causation, would you care to regale us with the reasons for the price increase?

Agreed.

I have not laughed that hard in a long time.

Classic Billybulls**t.

 

[TeaBagger]

Our government has gone beyond the scope of what its role is allowed for in accordance with the Bill of Rights and the Constitution. When our government allowed fraud to stand via erroneous record keeping and court committed fraud it went beyond the pail of justice. Adding insult to injury people within the government called me (the victim of major fraud and sabotage) a terrorist and gave the bankers a shitlad of taxpayers money. Now you just stated that the government had the right of confiscation. I disagree with you but if you can convince enough people that it is true with lies and deceit you may be able to convince some that you are correct. Personally though I will just call what you claim as bullshit and the more people that awaken to the fact that it is bullshit the more will agree with me and not you.

In defense of Bush he had no choice but to bailout the banksters and the auto industry. The banksters are extortionists and traitors.

Thats what happens when you deregulate the financial system.

It wasn't deregulated.

Are you stupid or do you just never not lie?

For the rest of you:

This is how the criminal elite rigged the economy.

Timeline of Key Events • 1978, Marquette vs. First of Omaha – Supreme Court allows banks to export the usury laws of their home state nationwide and sets off a competitive wave of deregulation, resulting in the complete elimination of usury rate ceilings in South Dakota and Delaware, among others.

• 1980, Depository Institutions Deregulation and Monetary Control Act – Legislation increases deposit insurance from $40,000 to $100,000, authorizes new authority to thrift institutions, and calls for the complete phase-out of interest rate ceilings on deposit accounts.

• 1982, Garn-St. Germain Depository Institutions Act – Bill deregulates thrifts almost entirely, allowing commercial lending and providing for a new account to compete with money market mutual funds. This was a Reagan administration initiative that passed with strong bi-partisan support.

• 1987, FSLIC Insolvency – GAO declares the deposit insurance fund of the savings and loan industry to be insolvent as a result of mounting institutional failures.

• 1989, Financial Institutions Reform and Recovery Act – Act abolishes the Federal Home Loan Bank Board and FSLIC, transferring them to OTS and the FDIC, respectively. The plan also creates the Resolution Trust Corporation to resolve failed thrifts.

• 1994, Riegle-Neal Interstate Banking and Branching Efficiency Act – This bill eliminated previous restrictions on interstate banking and branching. It passed with broad bipartisan support. 1973 1977 1980 1983 1987 1990 1993 1996 2000 2003 2006 2010 Marquette vs. First of Omaha Depository Institutions Deregulation and Monetary Control Act Garn-St. Germain Act FSLIC fund declared insolvent Financial Institutions Reform and Recovery Act Federal Reserve reinterprets Glass-Steagall Citicorp-Travelers merger Gramm-Leach-Bliley Act repeals Glass-Steagall restrictions Commodity Futures Modernization Act SEC proposes voluntary regulation Subprime mortgage crisis Federal Reserve creates first special lending facility Bear Stearns collapses Lehman Brothers files for bankruptcy Congress authorizes the TARP Fannie Mae and Freddie Mac placed in conservatorship PublicPrivate Investment Riegle-Neal Interstate Program Banking and Branching Efficiency Act CEPR A Short History of Financial Deregulation in the United States 2

• 1996, Fed Reinterprets Glass-Steagall – Federal Reserve reinterprets the Glass-Steagall Act several times, eventually allowing bank holding companies to earn up to 25 percent of their revenues in investment banking.

• 1998, Citicorp-Travelers Merger – Citigroup, Inc. merges a commercial bank with an insurance company that owns an investment bank to form the world’s largest financial services company.

• 1999, Gramm-Leach-Bliley Act – With support from Fed Chairman Greenspan, Treasury Secretary Rubin and his successor Lawrence Summers, the bill repeals the Glass-Steagall Act completely.

• 2000, Commodity Futures Modernization Act – Passed with support from the Clinton Administration, including Treasury Secretary Lawrence Summers, and bi-partisan support in Congress. The bill prevented the Commodity Futures Trading Commission from regulating most over-the-counter derivative contracts, including credit default swaps.

• 2004, Voluntary Regulation – The SEC proposes a system of voluntary regulation under the Consolidated Supervised Entities program, allowing investment banks to hold less capital in reserve and increase leverage.

• 2007, Subprime Mortgage Crisis – Defaults on subprime loans send shockwaves throughout the secondary mortgage market and the entire financial system.

• December 2007, Term Auction Facility – Special liquidity facility of the Federal Reserve lends to depository institutions. Unlike lending through the discount window, there is no public disclosure on loans made through this facility.

• March 2008, Bear Stearns Collapse – The investment bank is sold to JP Morgan Chase with assistance from the Federal Reserve. • March 2008, Primary Dealer Facilities – Special lending facilities open the discount window to investment banks, accepting a broad range of asset-backed securities as collateral.

• July 2008, Housing and Economic Recovery Act – Provides guarantees on new mortgages to subprime borrowers and authorizes a new federal agency, the FHFA, which eventually places Fannie Mae and Freddie Mac into conservatorship.

• September 2008, Lehman Brothers Collapse – Investment bank files for Chapter 11 bankruptcy.

• October 2008, Emergency Economic Stabilization Act – Bill authorizes the Treasury to establish the Troubled Asset Relief Program to purchase distressed mortgage-backed securities and inject capital into the nation’s banking system. Also increases deposit insurance from $100,000 to $250,000.

• Late 2008, Money Market Liquidity Facilities – Federal Reserve facilities created to facilitate the purchase of various money market instruments.

• March 2009, Public-Private Investment Program – Treasury Secretary Timothy Geithner introduces his plan to subsidize the purchase of toxic assets with government guarantees.

Commie propaganda. Your interpretation of events is questionable, to say the least.

Hey, you unhinged, torture-cheering wacko, the Dark Ages called—they want their ideology back.

 

[Remodeling Maidiac]

Wages have remained flat for decades. The cost of living only goes up. Democrats address these issues - republcans don't.

Why does anyone bother with a party that only serves to coddle the rich? I mean seriously. At what point will you people get it? Only government legislation can fix these problems. Rather than accepting this obvious logic, you Rightwingers hold on to this sorry philosophy that Big Pharma and the rest of the private sector can do whatever it wants. It just boggles my mind you people will buy into whatever republcans in office will tell you. NONE of these republican candidates will address this issue. None of them. Get a goddamn clue.

AARP: Price hikes doubled average drug price over 7 years

I read the title, then considered the president for the last 7 years..... then shot myself

 

[bripat9643]

In defense of Bush he had no choice but to bailout the banksters and the auto industry. The banksters are extortionists and traitors.

Thats what happens when you deregulate the financial system.

It wasn't deregulated.

Are you stupid or do you just never not lie?

For the rest of you:

This is how the criminal elite rigged the economy.

Timeline of Key Events • 1978, Marquette vs. First of Omaha – Supreme Court allows banks to export the usury laws of their home state nationwide and sets off a competitive wave of deregulation, resulting in the complete elimination of usury rate ceilings in South Dakota and Delaware, among others.

• 1980, Depository Institutions Deregulation and Monetary Control Act – Legislation increases deposit insurance from $40,000 to $100,000, authorizes new authority to thrift institutions, and calls for the complete phase-out of interest rate ceilings on deposit accounts.

• 1982, Garn-St. Germain Depository Institutions Act – Bill deregulates thrifts almost entirely, allowing commercial lending and providing for a new account to compete with money market mutual funds. This was a Reagan administration initiative that passed with strong bi-partisan support.

• 1987, FSLIC Insolvency – GAO declares the deposit insurance fund of the savings and loan industry to be insolvent as a result of mounting institutional failures.

• 1989, Financial Institutions Reform and Recovery Act – Act abolishes the Federal Home Loan Bank Board and FSLIC, transferring them to OTS and the FDIC, respectively. The plan also creates the Resolution Trust Corporation to resolve failed thrifts.

• 1994, Riegle-Neal Interstate Banking and Branching Efficiency Act – This bill eliminated previous restrictions on interstate banking and branching. It passed with broad bipartisan support. 1973 1977 1980 1983 1987 1990 1993 1996 2000 2003 2006 2010 Marquette vs. First of Omaha Depository Institutions Deregulation and Monetary Control Act Garn-St. Germain Act FSLIC fund declared insolvent Financial Institutions Reform and Recovery Act Federal Reserve reinterprets Glass-Steagall Citicorp-Travelers merger Gramm-Leach-Bliley Act repeals Glass-Steagall restrictions Commodity Futures Modernization Act SEC proposes voluntary regulation Subprime mortgage crisis Federal Reserve creates first special lending facility Bear Stearns collapses Lehman Brothers files for bankruptcy Congress authorizes the TARP Fannie Mae and Freddie Mac placed in conservatorship PublicPrivate Investment Riegle-Neal Interstate Program Banking and Branching Efficiency Act CEPR A Short History of Financial Deregulation in the United States 2

• 1996, Fed Reinterprets Glass-Steagall – Federal Reserve reinterprets the Glass-Steagall Act several times, eventually allowing bank holding companies to earn up to 25 percent of their revenues in investment banking.

• 1998, Citicorp-Travelers Merger – Citigroup, Inc. merges a commercial bank with an insurance company that owns an investment bank to form the world’s largest financial services company.

• 1999, Gramm-Leach-Bliley Act – With support from Fed Chairman Greenspan, Treasury Secretary Rubin and his successor Lawrence Summers, the bill repeals the Glass-Steagall Act completely.

• 2000, Commodity Futures Modernization Act – Passed with support from the Clinton Administration, including Treasury Secretary Lawrence Summers, and bi-partisan support in Congress. The bill prevented the Commodity Futures Trading Commission from regulating most over-the-counter derivative contracts, including credit default swaps.

• 2004, Voluntary Regulation – The SEC proposes a system of voluntary regulation under the Consolidated Supervised Entities program, allowing investment banks to hold less capital in reserve and increase leverage.

• 2007, Subprime Mortgage Crisis – Defaults on subprime loans send shockwaves throughout the secondary mortgage market and the entire financial system.

• December 2007, Term Auction Facility – Special liquidity facility of the Federal Reserve lends to depository institutions. Unlike lending through the discount window, there is no public disclosure on loans made through this facility.

• March 2008, Bear Stearns Collapse – The investment bank is sold to JP Morgan Chase with assistance from the Federal Reserve. • March 2008, Primary Dealer Facilities – Special lending facilities open the discount window to investment banks, accepting a broad range of asset-backed securities as collateral.

• July 2008, Housing and Economic Recovery Act – Provides guarantees on new mortgages to subprime borrowers and authorizes a new federal agency, the FHFA, which eventually places Fannie Mae and Freddie Mac into conservatorship.

• September 2008, Lehman Brothers Collapse – Investment bank files for Chapter 11 bankruptcy.

• October 2008, Emergency Economic Stabilization Act – Bill authorizes the Treasury to establish the Troubled Asset Relief Program to purchase distressed mortgage-backed securities and inject capital into the nation’s banking system. Also increases deposit insurance from $100,000 to $250,000.

• Late 2008, Money Market Liquidity Facilities – Federal Reserve facilities created to facilitate the purchase of various money market instruments.

• March 2009, Public-Private Investment Program – Treasury Secretary Timothy Geithner introduces his plan to subsidize the purchase of toxic assets with government guarantees.

Commie propaganda. Your interpretation of events is questionable, to say the least.

Hey, you unhinged, torture-cheering wacko, the Dark Ages called—they want their ideology back.

Well, that's certainly a brilliant response to my point.

 

[thereisnospoon]

Wages have remained flat for decades. The cost of living only goes up. Democrats address these issues - republcans don't.

Why does anyone bother with a party that only serves to coddle the rich? I mean seriously. At what point will you people get it? Only government legislation can fix these problems. Rather than accepting this obvious logic, you Rightwingers hold on to this sorry philosophy that Big Pharma and the rest of the private sector can do whatever it wants. It just boggles my mind you people will buy into whatever republcans in office will tell you. NONE of these republican candidates will address this issue. None of them. Get a goddamn clue.

AARP: Price hikes doubled average drug price over 7 years

Ok...political parties cannot control the price of products.
The federal government is barred under many laws and of course the US Constitution from price fixing.
Look, even if the government were able to place caps on the price of pharmaceuticals, and it can't, but if it did, the result would be rationing of product followed by shortages.

 

[thereisnospoon]

Take the profit out of healthcare.

"Profit" pays for the R&D, fees and taxes and thousands of hours of work that go into getting a new drug ready to present to the FDA for approval.
The money HAS to come from somewhere
Surely you do not expect these companies to operate at a loss?
Sure you don't expect highly trained medical professionals to work without appropriate compensation?