WASHINGTON — President Trump’s forthcoming proposal to lower the cost of expensive physician-administered drugs will hit three drug companies — Amgen, Genentech, and Regeneron — harder than anyone else.
Trump is expected to roll out a pilot program Thursday that would tie reimbursement for certain expensive drugs to the prices paid in other similar countries, POLITICO reports. And the Department of Health and Human Services is already out with a report that names the specific drug companies that charge more for their medicines in the U.S. than in other countries.
About the Author Reprints
Populism in drug pricing is great as a ploy to keep power, because people depend on the drugs we have already developed. But, if you don’t want Jim Cancer to run free, then make sure to keep the bounty high. That’s the only way we will be sure to get the best and brightest to burn the midnight oil to figure out the answers, and to get Daddy Warbucks to fork over a king’s ransom to finance research with way less than a heads-or-tails chance of success to find the holy grail for something you may one day be diagnosed with.
Populism is the cancer. It destroys everything over a long enough time horizon. It really is that simple.
The majority of Americans want Medicare for All, which will be the only way to bring down these drug prices. Unfortunately we have already seen what Industry Insiders have done to drug prices. This is merely another stunt, meant to deceive the public.
If that happens then he cannot claim anymore that the rest of the world is raping and sponging of the US. SAD!