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They need to find a way to negotiate the price down for everyone, not just retirees. Kids need insulin.
And after that, epi pens.
The problem is the government can't set the price of goods in a private contract between two non-government entities, which is what would need to happen. The various bills you see in states setting co-pay caps is about as close as we can get, and that only happens because the government CAN regulate insurance companies and the policies they offer. While that might, eventually, put pressure on the insurance companies to demand lower prices from the manufacturers, it's a long way disconnected from the price paid by the patient.
And regulating copays doesn't help people without insurance at all.
That's why this is such an important step. When prescription coverage was added to Medicare, the ability of the government to negotiate drug prices was specifically striped from the bill. The Inflation Reduction Act added it back, finally. And it's a huge win. Medicare and Medicaid are enormous programs, and when they throw their weight around, they can affect the markets they're in dramatically. It's why the drug companies are already filing suit.
But the real solution isn't trying to force private insurance companies to play ball, or make drug manufacturers sell at a low price, it's to leverage that giant market pressure and expand Medicare eligibility to everyone. And if you're worried about funding? Don't be. Unlike social security, Medicare's tax has no maximum wage.
The pharmaceutical industry spent $700 million lobbying against this? What a bunch of assholes.
When your reaction to poor, sick human beings getting the medicine they need without losing everything else in their lives is disappointment, you're a bad person.
Fuck market capitalism and the sociopaths it creates.
Edit: and of course they're actively suing from their steel towers for the right to continue to gouge sick, poor people deeper into poverty. What a humane economic system, amirite?
Watching the anime called "The Great Cleric". It's pretty accurately describes this in a fantasy setting.
Meanwhile, those same companies sell for a fraction of the price all around the world.
Won't somebody think about the pharma shareholders!
I don't know how this is a negotiation...big pharma overcharges the USA by a lot...we all know it. How is this not illegal? Why are they not held accountable for inflating prices for 1 group of people? Imagine if they did the to just a single race...black, white, Asian, whatever... Is t it the same thing?
Insurance companies when you need to use their service (which you pay monthly for):
They throw a few million in the right pockets and they make billions in return, best investment they ever made.
As someone from the UK, I don’t know what to make of the Biden administration.
I see positive news articles about what they’re doing, then I see people (not just right wing) saying it’s going poorly…
Obviously things can always be better and there are going to be areas where they’re failing, but how actually is it going over all?
Biden is fine. A lot of people are looking for someone who is going to revolutionize things overnight. A lot of folks also like to give the President blame or credit for things out of his control. Overall I've been pleasantly surprised. All I really wanted was not Trump, but Biden has been a lot better than that.
I feel like he isn't a deranged narcissist who would nuke his own country if it somehow benefited him.
The bar is on the floor for the Republicans.
It must be getting close to a US election year. Suddenly, a Democratic president feigns to give a shit about the people who voted for him. Albeit grudgingly, of course, and knowing whatever he suggests now will be so watered down by the time it’s executed it will be like nothing happened at all.
You're right, but also it's better than nothing. If it were a republican in office they'd be doing the opposite and taking things away for the same reason, so I'll take it.
The fact that sentence exists is pathetic for modern society.
Overdue
The body count is as high as the tightrope on insulin price gouginf