Trump signs order to lower pharmaceutical prices

[Lextyr97 20,790]

Didn’t Biden cap prices at $35 for prescription drugs, but Trump removed that cap immediately?

 

Edit; $35 monthly cap on insulin and $2000 annual out of pocket cap on Part D prescription drugs for Medicare beneficiaries

[LaLa 19,898]

The cognitive dissonance as I'm reading this like, wait, this is good right?  Maybe I just don't understand how the American medical system/pharmaceutical companies/insurance work lmao

[RAMROD 117,004]

1 minute ago, LaLa said:

The cognitive dissonance as I'm reading this like, wait, this is good right?  Maybe I just don't understand how the American medical system/pharmaceutical companies/insurance work lmao

simple example; I had a blood work last month, it cost $800 if you pay independently aka without insurance, but cos nothing with insurance if it is pre-approved before my health procedure, or $35 with copay on the premium I've got.

I also got a friend who got gout medication recently, out of pocket it would cost them $400 (3 different pills for 1 month worth amount), but with insurance, it is only cost them $5

[RoadToLouis 185]

Sounds to me like a way to improve his public perception, and when nothing happens, he’ll find someone to blame for it. And now pharmaceuticals are definitely not going back to manufacture in the US. 

[Bronco 24,796]

2 hours ago, hamartia said:

So they do this with one hand and then cut Medicaid with the other lol 

Simple PR.

This gives major media spin angle "we're lowering costs so we can cut medicare/medicaid".

The reality is that while this would benefit those on medicare/medicaid, the cuts to medicare/medicaid mean most people who will fall for the spin wont benefit.

[StarstruckIllusion 53,563]

A broken clock, I guess. This is genuinely a good thing, and it’s great that it’s now bipartisan. Big Pharma is ripping Americans off way more than Canada is 

The devil in the details might erase this bc ofc… it’s Trump. 

[StarstruckIllusion 53,563]

2 hours ago, Juanjo said:

This is not a good thing. Pharma companies will not just lower their prices because he tells them to, they just won’t sell to the US, which hurts us, instead of helping. 

 

1 hour ago, Vicixs said:

So either 1) they stop selling meds in the US 2) don’t change the prices, insurance pays X amount equaling more out of pocket cost to patients, or 3) nothing happens.

Stop selling to the US?? Lmaoooo where’d this narrative come from tf  

[Ilia Malinin 2,877]

i already get my meds for free with medicaid.  if they cut that, it's over for me, boys. 

[SpadesToStart 3,808]

2 hours ago, LaLa said:

The cognitive dissonance as I'm reading this like, wait, this is good right?  Maybe I just don't understand how the American medical system/pharmaceutical companies/insurance work lmao

It would be good, but it’s likely just hot air. He can’t just decree what private drug companies can or can’t charge. 
Something like that could be legislated, but it remains to be seen if there’s actually a proposed bill behind this “proclamation”. Trump’s track record strongly argues it’s just another lie to toss on the pile.

[IWantYourLove 1,457]

My heart DROPPED for a split second while the title was loading… tell me why my brain filled in the blank as ‘lower age of consent’ and I didn’t blink an eye at that being something he would do 

[Juanjo 2,284]

5 hours ago, StarstruckIllusion said:

 

Stop selling to the US?? Lmaoooo where’d this narrative come from tf  

A president cannot tell a company how much they should sell their product for. Do I think drug prices in the US are extremely overpriced? Absolutely, the greed of these pharmaceutical companies is so disgusting. But, hey, guess, what? That’s what you get when a country is ran like a company, and when the bottom line is the only things that matters. This is yet another distraction from trump and his joke of an administration. A poor attempt at making it seem like they’re actually helping the American people.

 

[Ladle Ghoulash 52,522]

6 hours ago, StarstruckIllusion said:

 

Stop selling to the US?? Lmaoooo where’d this narrative come from tf  

Yeah, I don’t think that’s what would happen. What would likely happen is, if the policy stands (given that the president likely doesn’t have the authority to unilaterally price cap pharmaceuticals) is that international pharmaceutical companies would probably just raise the prices of their pharmaceuticals in the markets where their product is being sold for the least so they can justify not lowering the price in the US. So, more than likely, this would hurt people in poorer nations like Ghana more than it would ever help people in the US.