Comments on: FDA approval of ancient remedy sends price soaring
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- Just another fine example of the drug manufacturers being in bed with the FDA. I did a price comparison between what my insurance company pays for my medication and what I would have to pay if I had no insurance, and the cost was double. Pharmacies claim they lose money on insurance paid meds. Capital B Capital S. Nobody stays in business if they're losing money. They're not losing a dime - they just don't profit obscenely when the insurance company pays.
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- OCCUPY URL Pharma!!! They suck
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- This is also going to happen with vitamins. You will have NO ability to choose for yourself, the government will decide what foods you eat, what supplements you can have because they will soon be regulated, etc. Your only purpose will be to get up in the morning and work to pay taxes, then stand in line for help when the stress of it all makes you sick. Are YOU irreplaceable enough to receive medical care? Too bad the government will be controlling it ALL.
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- innovator product? NOT! URL Pharma talks like they created it. So deceptive and just plain greedy!
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- What I'm not happy with is an FDA that has no understanding of economic principles and allows the Pharma companies to create Monopolies. They simply need to quit giving out exclusive rights to firms that are testing existing medicines, whether they are being considered for a new purpose or not.
Really! are you happy that a drug that cost less than $7 per prescription now costs more than $285? Please justify how this is a good thing for society. - Reply to this comment
- Capitalism is not built on the foundations of Monopolistic control over one's customers! Whether its the banks, or pharmaceuticals, health insurance, or any other industry that has bought favor with our politicians, legislation that creates Monopolistic positions is not capitalism!
Adam Smith, considered the father of modern economics and capitalism, based his ideas of a free market on the concepts of enabling a "system of perfect liberty" or "system of natural liberty". In other words, both consumers and producers have free will to pursue what's best for their own interests - without barriers of any kind, and in so doing, society as a whole will get the best blend of products that people want, and at the best prices. Monopolies work against those principles by eliminating competition and free movement by consumers to competitive providers and products. Here's what Adam Smith had to say about Monopolies:
"The monopolists, by keeping the market constantly understocked, by never fully supplying the effectual demand, sell their commodities much above the natural price, and raise their emoluments, whether they consist in wages or profit, greatly above their natural rate. The price of monopoly is upon every occasion the highest which can be got. The natural price, or the price of free competition, on the contrary, is the lowest which can be taken, not upon every occasion, indeed, but for any considerable time together. The one is upon every occasion the highest which can be squeezed out of the buyers, or which, it is supposed, they will consent to give: the other is the lowest which the sellers can commonly afford to take, and at the same time continue their business." - Reply to this comment
- Where does the FDA get off granting a Monopoly to a pharmaceutical company simply for running a test on a drug. Where was their risk. This is sickening and has to stop. This company spent what... a couple of million? And then was granted a $.5 Billion per year monopoly on a drug that had been used for thousands of years. This is so wrong on so many levels!
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- That's what happens when you refuse to put any restraints on capitalism.
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- So URL Pharma takes a medicine that is already being used and verifies that it does what it has been said to do and they jack the price up so they can fleece the Insurance companies (who in turn pass that cost along to the people) and the uninsured. Yeah, #OccupyWallStreet is all about stopping this type of thievery!!
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- This only says "50 times" once, but in the video it's said more often. While I agree the price increase is atrocious, it isn't 50 times. The only comparative prices are $34.83 going to $306.90 (with the insurance paying $244.74, $1,731.50 would be a factor of 50), a factor of just under 9, and $6.72 going to $185.53 ($336 would be a factor of 50), a factor of under 28. Exaggeration creates distraction.
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