| ▲ | Pharmaceuticals face 100% tariffs in US – unless firms strike a deal(bbc.com) |
| 25 points by geox 2 hours ago | 16 comments |
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| ▲ | JumpCrisscross an hour ago | parent | next [-] |
| Got to love whoever looked at prescription drugs as a political issue and concluded what’s needed are higher prices in an election year. |
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| ▲ | Molitor5901 2 hours ago | parent | prev | next [-] |
| Interesting point from the article. "The importance of the move may be largely symbolic at this point, as it does not apply to generic medicines - the most commonly used medicines in the US." |
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| ▲ | surgical_fire 23 minutes ago | parent | prev | next [-] |
| What an odd way to phrase this. The actual body of the article is a tad more clear. > Patented medicines will face a 100% tariff entering the US This is paid those importing the medicines, and passed on to the consumers. |
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| ▲ | josefritzishere 2 hours ago | parent | prev | next [-] |
| I don't want to sound dramatic but he is quite literally playing chickens with peoples lives. This is not mentally sound behavior, nor strategically coherent. |
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| ▲ | JumpCrisscross an hour ago | parent | next [-] | | It’s probably illegal. I can’t imagine a pharmaceutical executive taking this seriously. | |
| ▲ | jameskilton 2 hours ago | parent | prev | next [-] | | Are you expecting "mentally sound behavior" or "strategic coherence" from today's administration? | |
| ▲ | 0xy 2 hours ago | parent | prev | next [-] | | The status quo is massive scamming by pharma companies to U.S. consumers exclusively, while the rest of the world gets a better deal on pharmaceuticals. By saying the admin should not use all available leverage points and levers to force them to lower prices, you're arguing for continued pharma profiteering, aren't you? By the way, the Biden admin did exactly this through a lever contained within the Inflation Reduction Act for Ozempic, among others. [1] [1] https://www.npr.org/2023/08/29/1195984752/medicare-drug-pric... | | |
| ▲ | LarsKrimi an hour ago | parent [-] | | What happened to letting the free market work it's magic? Has America changed to communism recently without telling anyone? Jk ofc. But the ones scamming Americans are American middlemen - the PBMs. With this change the regime is just proving that it will not fix problems caused by their rich friends but rather pass the bill onto the manufacturers | | |
| ▲ | 0xy an hour ago | parent [-] | | PBMs do indeed pile-on and profiteer, however manufacturers are fleecing U.S. consumers specifically and exclusively. Profits in the U.S. for drug manufacturers on a per-drug level are significantly higher than in other countries. By saying the admin should leave the innocent manufacturers alone, you're papering over this fact. Numerous experts on this issue have suggested the government needs to negotiate with pharma companies directly. Now the admin is doing just that you're saying those companies should not be negotiated with and they're innocent of all profiteering, a suggestion not sustained by the facts. | | |
| ▲ | LarsKrimi 43 minutes ago | parent [-] | | I believe you are correct that the list pricing from manufacturers is higher in the US. But my understanding is that this is due to the PBMs punishing manufacturers for lowering the list price. Lower list price means less profit for the PBMs for the discount they negotiate |
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| ▲ | rayiner 2 hours ago | parent | prev [-] | | How is this riskier or less “mentally sound” than what European countries do? European drug price caps are premised on the threat that, if drug companies don’t sell at those prices, that the government will bar sales of the drug in the country, or drop the drug from coverage under the public health system. Here, there is no threat that the drugs will be banned from the market completely. The threat is that the drug companies will face high tariffs that reduce sales. That’s a much less extreme threat than what the European countries use as leverage. | | |
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| ▲ | excalibur an hour ago | parent | prev | next [-] |
| Mafia Don shaking everyone down for their lunch money as usual. We used to be better than this. |
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| ▲ | Simulacra 2 hours ago | parent | prev [-] |
| I can't read the article because the BBC has a big paywall over it, does anyone have a link? Archive.xx gets stuck in a verification loop |
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