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| Economy |
| Donald Trump signs new executive order to lower drug prices and says 'the days of global freeriding at America's expense are over' |
| 2020-09-14 |
| [Daily Mail, where America gets its news] I will withhold judgement until it is revealed whether this only impacts those companies that have been colluding with the FDA to drive previously affordable drug prices to unforeseen heights, or if this will push responsible pharmaceutical companies to stop investing in risky and expensive research to find new drugs, preferring instead to inexpensively tweak old ones for new drug positioning and profits — leaving the breakthroughs to the Israelis. |
| Posted by:Skidmark |
| #6 Texas passed tort reform a while back, and they have some of the most numerous and affordable are options in the nation. The only people getting rich were the trial lawyers, who are overwhelmingly Democrat. Non-economic damages should be capped at $250,000 for any and all doctors sued with an additional cap of $250,000 for each of up to two medical care institutions. Other procedural and substantive devices, such as forum shopping, used to tilt the scales of justice would be eliminated. Rural communities are adding needed specialists, and medical centers in Houston, Dallas, Fort Worth, and San Antonio are expanding at unprecedented rates. The reform bill’s most significant achievements have been increased access to health care and an unanticipated positive economic impact on the Texas economy. other states should look to Texas’s 10-year successful reform as an example to follow. Written in 2013. Contrast NY is in the article too. https://www.heritage.org/report/ten-years-tort-reform-texas-review |
| Posted by: Theager Borgia1057 2020-09-14 16:34 |
| #5 The US healthcare consumer pays huge prices so that drugs can be developed for the rest of the world. Everyone wins: the drug companies, the third worlders, the globalists. The only losers are the American people. What's not for them to like? Why would they want to change? |
| Posted by: Muggsy Hapsburg5230 2020-09-14 03:59 |
| #4 ^ Try this: To run for elected office you must waive your license to practice law for ten year, win or lose. You must also sign a consent decree to have no contact with tort lawyers nor take any political contributions from them for a term to extend past your last day in elected office for 25 years. |
| Posted by: M. Murcek 2020-09-14 02:32 |
| #3 /\ But, but, but what about Morgan & Morgan and all of the ambulance chasing tort lobby in D.C. ? |
| Posted by: Besoeker 2020-09-14 01:57 |
| #2 Most of the cost of prescription medications in the US is the result of class action tort activity. Let everyone sign an "informed consent / waiver of right to sue" form to obtain meds and most of the problem is solved. Also eliminate the gigantic FDA paper-pusher brigades. For starters... |
| Posted by: M. Murcek 2020-09-14 01:35 |
| #1 The problem isnt so much with the drug companies as it is the collusion between the Obamacare abominations called "Ph4rm4cy Benefits Management"(PBM) companies, and the insurance companies. Express Scripts, CVS Health, and OptumRx are the big 3, and they have created a new "middle man" layer in healthcare between the doctors, pharmacists, and patients - they dictate what medications can be bought/reimbursed, and what price will be paid. They are responsible for the mess we are in. Go look up PBM. They are evil. Funny spelling due to spam filtering by the Ranburg Robots. |
| Posted by: Theager Borgia1057 2020-09-14 01:25 |