Quote from What’s keeping less expensive versions of biologic drugs off the U.S. market?[/quote »
NewsHour looks at a revolutionary class of drugs called "biologics." Americans have been paying more for their benefits than patients in Europe or Asia some say, because the "generic" versions or "biosimilars" have not hit the U.S. market. Dr. Emily Senay looks into why there's a delay and when American consumers can expect discounts.
Basically biological drugs that aren't able to be made into generics because they're hard to replicate, instead Europe allows for "Biosimilars" to be made and sold at a cheaper discount. However, our laws that were written in the 1970's haven't kept up to speed and many major companies have lobbied to keep it that way. I had watched the interview about a company representative during the interview basically said that the medicines were expensive to make, yet in other countries the biosimilars were 20-50% cheaper.
Do we really have a market based economy here, or are we just pretending to pay lip service to capitalism while burrowing our own heads into our posteriors? I am frankly really knocking conservative free market radicals and government as both parties have been loath to get anything done. I'm fine with recouping money, but one drug in particular according to the report was making $100 million dollars a month since 1989. That's a bit absurd with a monopoly on production. And this is why folks we have Obamacare and other forms of socialism and higher taxes, where certain market forces that do work with medicine aren't able to compete at all drive up costs and then people start saying "I'm old, give me free money so I can live longer." Which is really hard to justify to someone whose actually, well, alive and rather functional as a human being to justify "No sir, we're going to make you die because we're too cheap."
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Ambition must be made to counteract ambition.
Individualities may form communities, but it is institutions alone that can create a nation.
Nothing succeeds like the appearance of success.
Here is my principle: Taxes shall be levied according to ability to pay. That is the only American principle.
Quote from What’s keeping less expensive versions of biologic drugs off the U.S. market?
NewsHour looks at a revolutionary class of drugs called "biologics." Americans have been paying more for their benefits than patients in Europe or Asia some say, because the "generic" versions or "biosimilars" have not hit the U.S. market. Dr. Emily Senay looks into why there"s a delay and when American consumers can expect discounts.[/quote »
Basically biological drugs that aren't able to be made into generics because they're hard to replicate, instead Europe allows for "Biosimilars" to be made and sold at a cheaper discount. However, our laws that were written in the 1970's haven't kept up to speed and many major companies have lobbied to keep it that way. I had watched the interview about a company representative during the interview basically said that the medicines were expensive to make, yet in other countries the biosimilars were 20-50% cheaper.
Do we really have a market based economy here, or are we just pretending to pay lip service to capitalism while burrowing our own heads into our posteriors? I am frankly really knocking conservative free market radicals and government as both parties have been loath to get anything done. I'm fine with recouping money, but one drug in particular according to the report was making $100 million dollars a month since 1989. That's a bit absurd with a monopoly on production. And this is why folks we have Obamacare and other forms of socialism and higher taxes, where certain market forces that do work with medicine aren't able to compete at all drive up costs and then people start saying "I'm old, give me free money so I can live longer." Which is really hard to justify to someone whose actually, well, alive and rather functional as a human being to justify "No sir, we're going to make you die because we're too cheap."
Even when we do actually follow capitalism we burrow our own heads into our posteriors.
What's keeping a less expensive version of the Apple iPhone off the market? You do not have generic iphones. In fact, if you make a product too similar, you'll get sued by apple.
Proprietary creations and patents are difficult issues compounded by the fact the profits associated with them drive innovation. I do not think its people being unaware but rather its the price you pay for the system we have. I do wonder if you feel we should deregulate patent protections, i.e. toss them out the window.
Basically biological drugs that aren't able to be made into generics because they're hard to replicate, instead Europe allows for "Biosimilars" to be made and sold at a cheaper discount. However, our laws that were written in the 1970's haven't kept up to speed and many major companies have lobbied to keep it that way. I had watched the interview about a company representative during the interview basically said that the medicines were expensive to make, yet in other countries the biosimilars were 20-50% cheaper.
Do we really have a market based economy here, or are we just pretending to pay lip service to capitalism while burrowing our own heads into our posteriors? I am frankly really knocking conservative free market radicals and government as both parties have been loath to get anything done. I'm fine with recouping money, but one drug in particular according to the report was making $100 million dollars a month since 1989. That's a bit absurd with a monopoly on production. And this is why folks we have Obamacare and other forms of socialism and higher taxes, where certain market forces that do work with medicine aren't able to compete at all drive up costs and then people start saying "I'm old, give me free money so I can live longer." Which is really hard to justify to someone whose actually, well, alive and rather functional as a human being to justify "No sir, we're going to make you die because we're too cheap."
Ambition must be made to counteract ambition.
Individualities may form communities, but it is institutions alone that can create a nation.
Nothing succeeds like the appearance of success.
Here is my principle: Taxes shall be levied according to ability to pay. That is the only American principle.
Even when we do actually follow capitalism we burrow our own heads into our posteriors.
Storm Crow is strictly worse than Seacoast Drake.
Proprietary creations and patents are difficult issues compounded by the fact the profits associated with them drive innovation. I do not think its people being unaware but rather its the price you pay for the system we have. I do wonder if you feel we should deregulate patent protections, i.e. toss them out the window.
calling liberals loons=not okay
The standard to which the forum moderators apply the rules here.