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Don't Let Obama Kill "Pills for Profit"

larsen14 Wrote: Jan 29, 2013 9:32 AM
That is stupid, the reason that drug prices are so high here is because we are SUBSIDIZING the drug costs for the rest of the world!!! Now by controlling drug prices if you mean not tolerating drug c ompanies charging other countries way less then us,hey I am all for that. We should make them RAISE there priices for the rest of the world!! Tell them to start paying the real market costs for these drugs or they will not get the drug. We need to stop subsidizing the world, and let free markets work!! In other words we can not have 2013 medicine at 1969 prices. I for one am going to fight obamacare till my last breath, because I want the medical innovation that will keep a 5 year old girl from losing her daddy to cancer like I did in1969
Wumingren Wrote: Jan 29, 2013 11:12 AM
I think what we would see then is the Laffer Curve come into operation on drugs. If people around the world are unable to afford the drugs, then there will be fewer drugs sold globally, resulting in even higher prices for the drugs here than the already disproportionate prices we pay compared to the third world. I'm not sure it's "subsidizing the world" so much as it is "managing product and profit." I'd like to see a study -- and I'll bet the big pharmaceuticals companies have done them -- that shows what would happen if everybody in the world had to pay the same price for drugs. Now, that would be informative.

Biotech company Excelixis CEO George Scangos likes to quote oil wildcatter JP Getty when asked about his philosophy for success: “Get up early; work hard; find oil,” he deadpans.

And under the direction of dry-humored Scangos, the San Francisco-based company is drilling a lot of research holes, so to speak.

They have to: Success in the biotech industry is measured incrementally, not in big steps. It’s a cash-and-time intensive industry where success is painstaking, rare and, because of Obamacare and other regulatory burdens from the administration, likely to become even rarer.   

According to Plunkett Research, Ltd in 2010 it...

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