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2019-08-02 Home Front: Politix

Biden: Drug Companies Will Have to ‘Come to Us’ and ‘We Will Set the Price’

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Posted by Fred 2019-08-02 00:00|| || Front Page|| [6 views ] Top

#1 Biden apparently forgot that the democrats already tried this once, resulting in sky high prices for formally cheap meds.

Posted by Seeking Cure For Ignorance 2019-08-02 03:03|| 2019-08-02 03:03|| Front Page Top

#2 See - Soviet Central Planning

Posted by Procopius2k 2019-08-02 07:02|| 2019-08-02 07:02|| Front Page Top

#3 Biden will be opening a clinic for free breast exams.

Posted by Glomosh Munster6010 2019-08-02 07:41|| 2019-08-02 07:41|| Front Page Top

#4 Operation Infinite Graft

Posted by Matt 2019-08-02 09:34|| 2019-08-02 09:34|| Front Page Top

#5 So will the government actually force drug companies to research new drugs? Many of the drugs don't work out, or have unacceptable side effects.

Yes, it might cost only ten cents to produce a single pill, but the research and testing costs can run into the millions.

Posted by Rambler in Virginia 2019-08-02 12:19|| 2019-08-02 12:19|| Front Page Top

#6 Math be hard for some, Rambler.

Especially for those who don't understand the concept of R&D.

Posted by Mullah Richard 2019-08-02 13:18|| 2019-08-02 13:18|| Front Page Top

#7 research and testing costs can run into the millions.

Billions, Rambler. Or typically about $1 billion, when last I looked.

Posted by trailing wife 2019-08-02 14:19|| 2019-08-02 14:19|| Front Page Top

#8 Actually by the generally accepted accounting rules R&D are sunk costs and a deduction on corporate taxes if these crooks are rolling R&as into calculating the sales price of the drug they are double dipping

Posted by Sock Puppet of Doom 2019-08-02 17:54|| 2019-08-02 17:54|| Front Page Top

#9 Sure, Sock Puppet, but given that most pharmaceutical R&D does not result in a viable product, the small percent of projects that do yield a medication that works have to support billions of dollars of sunk costs. The vast majority of bright ideas turn out to be dead ends, or no better than medications currently on the market, and the cost of discovering that something does not work/work better is often not a great deal less than demonstrating to the FDA’s satisfaction that the discovery works well and is safe. The description of companies that have more tax write offs than income is “bankrupt”.

Posted by trailing wife 2019-08-02 20:12|| 2019-08-02 20:12|| Front Page Top

#10 Sock Puppet of Doom, a 100% deduction?

Posted by ruprecht 2019-08-02 20:15|| 2019-08-02 20:15|| Front Page Top

23:16 KBK
23:10 3dc
21:53 Glomosh Munster6010
21:52 trailing wife
21:50 Glomosh Munster6010
21:07 CrazyFool
21:03 3dc
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20:49 The peanut gallery
20:42 3dc
20:40 Canckistan sniper
20:34 3dc
20:17 ruprecht
20:15 ruprecht
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20:12 trailing wife
19:55 SteveS
19:53 Lex
19:52 Frank G
19:49 Frank G
19:47 Lex
19:46 Lex
19:37 Lex
19:26 Capt. Obvious