2016 Postmortem
Related: About this forumBernie To Greedy Price-Gouging Hedge-Funder: I’m Coming For You!
The costs of pharmaceutical drugs has been catapulted to the forefront of public discussion with the New York Times expose on vulture capitalist Martin Shkreli. His decision to buy the rights on an old drug and then raise the price by 5000% sparked a tsunami of outrage across social media and the political sphere, bringing to the national narrative yet another issue that Democratic presidential candidate and Vermont Senator Bernie Sanders has been quietly pursing for years. The two have added Turing Pharmaceuticals to a group of drug companies currently under congressional investigation for immoral price hikes, as indicated by this letter sent to the company yesterday.
Sanders, a longtime proponent of universal healthcare, takes this issue very seriously: It is unacceptable that Americans pay, by far, the highest prices in the world for prescription drugs. Generic drugs were meant to help make medications affordable for millions of Americans who rely on prescriptions to manage their health needs. Weve got to get to the bottom of these enormous price increases.
Sen. Sanders (I-VT) and Rep. Elijah Cummings (D-MD) have been quietly conducting investigations into Valeant Pharmaceuticals International Inc. for their 2014 purchase of blood-pressure drug Nitropress and heart-rhythm treatment Isuprel and the subsequent hike in prices. The Wall Street Journal reported that on the day in February it bought the rights to the drugs, Valeant raised the list price of a vial of Isuprel more than sixfold to $1,346.62 and more than tripled Nitropress to $805.61.
Following their investigation and the conclusion that drug price hikes last year fueled the largest increase in U.S. prescription spending in more than a decade, Sanders and Cummings introduced a bill earlier this month that would would empower Medicare to negotiate pharmaceutical prices, allow consumers to import cheaper drugs from Canada and require companies to disclose the prices they charge overseas. Not only would this bill alleviate a huge burden placed on the American people, but an estimate by the Center for Economic and Policy Research, a think tank, that Medicare could save $230 billion to $541 billion over 10 years by directly negotiating prices.
Read more: http://www.occupydemocrats.com/bernie-to-greedy-price-gouging-hedge-funder-im-coming-for-you/
http://www.fiercebiotech.com/story/why-would-martin-shkreli-hike-old-drug-price-5000-only-moron-would-ask/2015-09-20
Raster
(20,998 posts)Lifelong Protester
(8,421 posts)person in America-or on the Internet? Can you process that, you little schmuck?
beam me up scottie
(57,349 posts)And go get him, Bernie!
I've never been so proud of my candidate.
Duppers
(28,125 posts)FreakinDJ
(17,644 posts)A 60 yr old patent shouldn't have patent rights any more
slipslidingaway
(21,210 posts)and for the fiercebiotech link as well.
Uncle Joe
(58,366 posts)Thanks for the thread, Galraedia.
Geronimoe
(1,539 posts)A Canadian article stated the price per pill, overseas is 12 cents per pill.
Mnpaul
(3,655 posts)damn, that was fast
http://www.democraticunderground.com/1251610585#post8
SoapBox
(18,791 posts)the doormat for asshole like this scum.
Another fucking Hedge Fund "Manager"...worst Banksters crooks ever.
reformist2
(9,841 posts)The more Americans see that the great wizards of oz that run our economy are little more than a collection of nerds with spreadsheets and computer models - people who actually do pretty much nothing - the more they will favor putting an end to this absurd, extreme form of capitalism that exists today.
restorefreedom
(12,655 posts)Damn skippy!
MannyGoldstein
(34,589 posts)The backroom deals between the White House and Pharma for HeritageFoundationRomneyObamaCare are behind the skyrocketing costs of drugs. If anyone's interested in the details and/or believes that I'm fibbing, let me know and I'll post details tomorrowl
CanadianComrade
(30 posts)I, along with so many others, have been tweeting this guy and watching his feed today. He went from mocking people to being glib and snotty, then suddenly proclaimed he was too busy to keep responding because his job is so important, and then eventually locked his account. What a little guttersnipe.
His job is so important. Ya right. He is under fraud investigation, is being sued by his former company, pulls stunts like this on sick people, and owns a professional video game team that plays League of Legends. His handle on the game is "Cerebral". Uh huh.
Yep, his job is too important. Now hand him his joystick so he can get back to work, will ya peon?
Unreal.
mhatrw
(10,786 posts)Enthusiast
(50,983 posts)PADemD
(4,482 posts)leftofcool
(19,460 posts)cali
(114,904 posts)Hilly is new to it. As in its all about politics for hilly.
beam me up scottie
(57,349 posts)moobu2
(4,822 posts)Introduce some meaningless legislation that has no chance of passing? Wait, he could title the legislation "The Bernie Sanders Goes After The Greedy Price-Gouging Hedge-Funder Act of 2016".
cali
(114,904 posts)this one for decades. And try reading the article. Investigations into companies that gouge are a vital part of stopping.these practices.
TM99
(8,352 posts)and speaking out against this topic with actual voters who will be needed to make changes in the system, he is spending time composing a stern Tweet to the guy in order to bring about the necessary changes.
jwirr
(39,215 posts)it or are you going too play politics for Hillary?
This something that needs to be done. I would expect every one on this board who call themselves a decent Democrat to support it. This is not a game.
Enthusiast
(50,983 posts)Just a suggestion.
reformist2
(9,841 posts)Something like donuts - the free market absolutists can have that market.