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Medicare bill will now cost $534 Billion.

  • Thread starter Thread starter Apöllo
  • Start date Start date
"Medicare bill will now cost $534 Billion."????

Sounds to me likr you're gonna have to finance that one, brolski.
 
ACtually it is going to old people, who - unable or unwilling to save their money during their lives, are now voting themselves a larger share of other people's money.

We are again poulling the kids out of college so Grandma can have more cash.
 
MattTheSkywalker said:
ACtually it is going to old people, who - unable or unwilling to save their money during their lives, are now voting themselves a larger share of other people's money.

Save your pennies kiddies cause there won't be shit left for us.....
 
Something funny I just thought of heard from an old person during bush vs gore....

"you are going to vote for bush?! what do you want all of us old people to be thrown out on the streets without any medical care or social security?!"

I only wish....
 
nordstrom said:
i wonder how conservatives will manage to blame liberals for this one.

I am not blaming liberals- the quote was just an example of the thinking of older people.....

What I think is dumb is that we pay much higher costs for pharmaceuticals basically because the pharma companies know we can afford it....
 
Becoming said:


I am not blaming liberals- the quote was just an example of the thinking of older people.....

What I think is dumb is that we pay much higher costs for pharmaceuticals basically because the pharma companies know we can afford it....

didnt say you were, i didnt even read your post. but thats how conservative talk radio works, there is always some angle they use to blame liberals for whats wrong in the US and im trying to figure out how they will blame them for this seeing how bush was involved.
 
Becoming said:


What I think is dumb is that we pay much higher costs for pharmaceuticals basically because the pharma companies know we can afford it....

Yup. At least its not super hard to get around this though, you can either import drugs, get generics, or get drugs that do the same thing but are cheaper and that will by and large help a person avoid the pharmaceutical ripoff.
 
nordstrom said:


didnt say you were, i didnt even read your post. but thats how conservative talk radio works, there is always some angle they use to blame liberals for whats wrong in the US and im trying to figure out how they will blame them for this.

probably what they can say is that the liberals would do the same thing. because it's probably true. it's basically buying votes.
 
nordstrom said:
Yup. At least its not super hard to get around this though, you can either import drugs, get generics, or get drugs that do the same thing but are cheaper and that will by and large help a person avoid the pharmaceutical ripoff.

actually it is getting harder here in the states- the pharma lobby is trying to get it outlawed to import a variety of drugs from other countries and also they are enacting penalties against companies that they can prove distribute products at a reduced cost to US customers...by and large I would say they are succeeding little by little....

everything costs more here, and the reasoning is that "we can afford to pay more, where other countries cannot"

(my work is connected to the pharma industry so if you think they won't pull it off you are wrong)

natureboy- Hell yeah- if the liberals were in charge it woudl be worse....:)
 
Becoming said:


I am not blaming liberals- the quote was just an example of the thinking of older people.....

What I think is dumb is that we pay much higher costs for pharmaceuticals basically because the pharma companies know we can afford it....

Pharma companies do not have any power. The government has all the power and has shown a willingness to get involved in business matters.

Pharma co's HAVE to act this way, or another one will.

Don't blame the industries - theyhave no power at all, except what the government allows.
 
MattTheSkywalker said:
Don't blame the industries - theyhave no power at all, except what the government allows.

well then they are allowing an aweful lot of bs thus far...

and you are right..... hell if you let a winos were free to run into stores and empty out cash registers they would.... so I guess until someone steps in and put a stop to it, it will continue...


so basically the bill will help subsidize and encourage these already inflated prices we are paying..... which will not cease because after all, it is not the govt's money, it is ours- so why do they care what the end cost is.....

I am sure they have our best interests in mind...

(I am not saying they will get thier way- but it is far from over)

******

Key U.S. lawmaker criticised for considering job offer as chief pharmaceutical lobbyist
by Candace Hoffmann

01/30/2004

U.S. Representative W.J. "Billy" Tauzin, who was instrumental in helping to negotiate the Medicare reform legislation passed just a few weeks ago, is said to be considering taking a job as head of the Pharmaceutical Research and Manufacturing Association, news sources report. The possibility that he may take the lobbying job after being one of the lawmakers who helped craft the bill, which many claim favours the drug industry, is being widely criticised.

House Minority Leader Nancy Pelosi said that Tauzin's consideration of the alleged offer from PhRMA is "inappropriate," and that "seniors who are wondering why the pharmaceutical companies made out so well in this bill at their expense, need only to look at this example of abuse of power and conflict of interest," Pelosi is quoted as saying at a news conference.

The government watchdog group Public Citizen is calling for an investigation to determine if PhRMA approached Tauzin for the job while the Medicare reform legislation was being negotiated. A spokesman for the congressman and Majority Leader Roy Blunt both maintain that Tauzin was only approached after the bill was signed into law, a news source says.

Tauzin said he has so far not made a decision and an announcement won't be forthcoming for several weeks, his spokesman told news sources. Nonetheless, some insiders say that he would find it difficult to reject the offer, which would reportedly pay him over $1 million a year.
*******
PhRMA says industry will continue to fight drug imports
by William Kanapaux

01/23/2004

The Pharmaceutical Research and Manufacturers of America said Thursday that defeating any federal legislation to legalise the importation of prescription drugs from Canada will be a top priority this year, news sources report.

A number of members of Congress from both parties have said they will introduce the issue this year. And, according to PhRMA, 25 U.S. states and 15 cities and counties are considering programmes to import drugs as well, the news sources say.

"It is very clear that importation is not a safe practice," Rick Smith, a PhRMA senior vice president, is quoted as saying. "Importation has been proposed as a false solution."

States are facing budget deficits that total $2.8 billion, a news source reports, and the National Governors Association is planning to hold a summit on the importation issue after its winter meeting next month. Smith said the industry trade group plans to "actively engage in this debate" as state lawmakers across the country consider drug-importation programmes.

According to Alan Sager, the director of the Health Reform Program at Boston University's School of Public Health, drugmakers stand to lose as much as 40 percent of their profit for each prescription bought in Canada, a news source reports.
 
The current law does not allow the government to negotiate lower drug prices from drugmakers, AND it does not allow you to purchase drugs from canada.

story
 
Becoming said:
What I think is dumb is that we pay much higher costs for pharmaceuticals basically because the pharma companies know we can afford it....

We don't pay higher prices because of some evil conspiracy of pharmaceutical companies, we pay more because of expensive regulations pharmaceutical companies must jump through for every drug they get approved. For every one drug which makes it through FDA testing, it costs in excess of 100 million dollars. This only takes into account the very few drugs which receive approval, there are numerous others which fail. What other companies are forced to pay 100's of millions of dollars before they see a penny? R&D consumes the bulk of all profits.

The people who pushed this bill are not pharmaceutical companies, but the elderly and other idiot voters; the pharmaceutical companies simply played it to their advantage.
 
atlantabiolab said:


We don't pay higher prices because of some evil conspiracy of pharmaceutical companies, we pay more because of expensive regulations pharmaceutical companies must jump through for every drug they get approved. For every one drug which makes it through FDA testing, it costs in excess of 100 million dollars. This only takes into account the very few drugs which receive approval, there are numerous others which fail. What other companies are forced to pay 100's of millions of dollars before they see a penny? R&D consumes the bulk of all profits.

The people who pushed this bill are not pharmaceutical companies, but the elderly and other idiot voters; the pharmaceutical companies simply played it to their advantage.

pharma companies spend about 13% of their budgets on R&D. And the reason countries liek Canada get lower costs is due to price negotiation, something that doesn't exist in the US.
 
atlantabiolab said:


We don't pay higher prices because of some evil conspiracy of pharmaceutical companies, we pay more because of expensive regulations pharmaceutical companies must jump through for every drug they get approved. For every one drug which makes it through FDA testing, it costs in excess of 100 million dollars. This only takes into account the very few drugs which receive approval, there are numerous others which fail. What other companies are forced to pay 100's of millions of dollars before they see a penny? R&D consumes the bulk of all profits.

The people who pushed this bill are not pharmaceutical companies, but the elderly and other idiot voters; the pharmaceutical companies simply played it to their advantage.

I've read that 2/3rds of a budget for developing a drug is devoted to marketing and advertising. Is this true?
 
MattTheSkywalker said:
ACtually it is going to old people, who - unable or unwilling to save their money during their lives, are now voting themselves a larger share of other people's money.

We are again poulling the kids out of college so Grandma can have more cash.


man im slowly coming to this realization.
 
Apöllo said:


I've read that 2/3rds of a budget for developing a drug is devoted to marketing and advertising. Is this true?

i saw a breakdown of pharma budgets, cant remember the exact numbers but it was something like

22% profit
13% R&D
16% marketing
20% manufacturing


dont know where the other 30% goes though.
 
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