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

[TeaBagger]

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.

Like a typical CONtard you have nothing to add other than meaningless one liners. The facts piss you off. Think about suicide because it will be the only decent thing you will ever do.

 

[kaz]

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.

Billy's a pro-death voter. Pharmeceutical companies should only develop drugs that the poorest customers can afford. People should spend their money on cars and TVs, not their health.

If the poorest can't afford a drug you need and are willing to pay for, you need to do the decent thing and die. The world is overpopulating anyway

 

[Wilbur Right]

If the poorest can't afford a drug you need and are willing to pay for, you need to do the decent thing and die. The world is overpopulating anyway

Looks to me like your sentence structure is incorrect.

If the poorest can't afford a drug that you need and are willing to pay for, they (the poor) need to do the decent thing and die.


Makes much more sense written my way don't ya think?

 

[Sun Devil 92]

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.

It's actually one of his better efforts.

 

[Sun Devil 92]

If the poorest can't afford a drug you need and are willing to pay for, you need to do the decent thing and die. The world is overpopulating anyway

Looks to me like your sentence structure is incorrect.

If the poorest can't afford a drug that you need and are willing to pay for, they (the poor) need to do the decent thing and die.


Makes much more sense written my way don't ya think?

Not at all what she said.

It's great the way the left likes to twist things.

 

[Sun Devil 92]

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?

There are about ten answers......

Which one do you want.

Or are you looking for help in your high school econ class ?

 

[AvgGuyIA]

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

Snipped the rest. Addressing a problem isn't solving it. Dems are great at the former and suck donkey dick at the latter. The past 7 years demonstrates it. And now we are to believe Hillary is going to change all that? lol

 

[Wilbur Right]

Addressing a problem isn't solving it. Dems are great at the former and suck donkey dick at the latter. The past 7 years demonstrates

The republicans don't address problems or fix them. They (republicans) do a fine job or creating problems then walking away from them and disavowing any knowledge of how those problems started.

 

[hadit]

What has Obama done about it? Wasn't Obamacare supposed to solve all these problems?

that was the promise

When Democrat plans don't work, it's because of the Republicans

What has Obama done about it? Wasn't Obamacare supposed to solve all these problems?

that was the promise

When Democrat plans don't work, it's because of the Republicans

Whats that great republican plan? Jack shit?

Seeing that the great democrat plan has turned to crap, the civilians begin pleading with the Republicans to fix the mess.

I think your dreaming. The Republican party has just as many bought and paid for establishment people as Democrats. The majority of people are sick of both parties lying and stuffing their own coffers while telling the people what a good job they are doing (screwing) for them.

Why then the yammering for a Republican plan?

 

[hadit]

Addressing a problem isn't solving it. Dems are great at the former and suck donkey dick at the latter. The past 7 years demonstrates

The republicans don't address problems or fix them. They (republicans) do a fine job or creating problems then walking away from them and disavowing any knowledge of how those problems started.

They didn't create obamadoesn'tcare.

 

[hadit]

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

Ummmmm, I think you can blame obama and his admin for this particular debacle. Whine at them......

Oh really? And what should have Obama done about this? You people whine about any government interference on the private market. What could he have done that you would be okay with?

It's his LAW you moron!

Don't be dumb. He fought tooth and nail with congress to get the law passed. He had to make many concessions in the process. Don't be stupid in thinking you, any RW on this board, or republicans in office would have allowed Obama to force Big Pharma to cap their prices.

His party had control of Congress. It wasn't Republicans he was fighting with, it was his own party.

 

[Wilbur Right]

Not at all what she said.

It's great the way the left likes to twist things.

Maybe you could explain what was meant.

Why should the person able to pay for their drugs be the one to die?

 

[Preacher]

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

You do realize that's both the democrats AND republicans right?

 

[Wilbur Right]

They didn't create obamadoesn'tcare.

Buy refusing to offer any better ideas or solutions to healthcare problems, republicans absolutely contributed to the Obama care situation.

 

[Sun Devil 92]

Not at all what she said.

It's great the way the left likes to twist things.

Maybe you could explain what was meant.

Why should the person able to pay for their drugs be the one to die?

I think her claim was:

Pharmeceutical companies should only develop drugs that the poorest customers can afford.

in essence saying....we would not have high tech drugs (even if we could afford them) and die.

Let me know what else you need.

 

[hadit]

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

Snipped the rest. Addressing a problem isn't solving it. Dems are great at the former and suck donkey dick at the latter. The past 7 years demonstrates it. And now we are to believe Hillary is going to change all that? lol

That's just it, she's not going to change it. She's going to keep going down this dead end road.

 

[jon_berzerk]

They didn't create obamadoesn'tcare.

Buy refusing to offer any better ideas or solutions to healthcare problems, republicans absolutely contributed to the Obama care situation.

why lie

the dems told the Republicans to take a back seat on it

 

[hadit]

They didn't create obamadoesn'tcare.

Buy refusing to offer any better ideas or solutions to healthcare problems, republicans absolutely contributed to the Obama care situation.

They had no power and no way to get anything they offered implemented. They did present alternatives that were quickly shot down.

 

[JoeNormal]

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?

You still didn't answer how European countries provide medical care with better outcomes for about half the cost per patient. Maybe they just have better consultants.

 

[Papageorgio]

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 looks like the Democrats have done jack shit about it.