President Biden makes good on his promise to lower drug costs; says U. S. Govt will seize drug patents if prices too high.

[Caswell Thomas]

Joe Biden, POTUS today has made it a law that ANY drug which the making, creation of, research or other government assistance was used in its manufacture and said drug is then made  for sale to the Public , if the posted price is too high, then the United States will seize that drug patent to keep prices at a reasonable level. Enacted today. Source: Reuters. 

[CdnFox]

Well that's bound to spur research isn't it  

[robosmith]

19 minutes ago, Caswell Thomas said:

Joe Biden, POTUS today has made it a law that ANY drug which the making, creation of, research or other government assistance was used in its manufacture and said drug is then made  for sale to the Public , if the posted price is too high, then the United States will seize that drug patent to keep prices at a reasonable level. Enacted today. Source: Reuters. 

Executive order; not law. Perhaps an expansion of authority of existing law, but subject to legal challenge like the student loan forgiveness.

[CdnFox]

7 minutes ago, robosmith said:

Executive order; not law. Perhaps an expansion of authority of existing law, but subject to legal challenge like the student loan forgiveness.

Well i think where they're going to run into trouble is how do you define "too high"? That's very arbitrary.

[Caswell Thomas]

10 minutes ago, robosmith said:

Executive order; not law. Perhaps an expansion of authority of existing law, but subject to legal challenge like the student loan forgiveness.

Yes, subject to legal challenge....keep an eye out for just exactly who challenges this, and we'll know who in Congress has been bought by Big Pharma. Then we can move to push them out of Congress by letting the voting public know who us scre%$ing with their benefits also. 

[Legato]

2 hours ago, Caswell Thomas said:

keep an eye out for just exactly who challenges this, and we'll know who in Congress has been bought by Big Pharma. 

That number would be 535.

[Fluffypants]

Wow liberals are all for authoritarianism if its their party doing it.

[robosmith]

1 hour ago, Fluffypants said:

Wow liberals are all for authoritarianism if its their party doing it.

Just cause you say ^this?

You don't even understand the rationale for the authority of the government to do it.

Here's a clue since you don't have ANY: the companies used government funds to develop those drugs.

[CdnFox]

2 hours ago, Fluffypants said:

Wow liberals are all for authoritarianism if its their party doing it.

If their party is doing it then it's not authortarianism, it's just them helping the 'deplorables' to understand what the right thing to do is, you see   Anyone who would disagree with them MUST be horrible people and why would you listen to horrible people anyway? Better to just force them to do what they should have known was the right thing in the first place.

[Caswell Thomas]

On 12/7/2023 at 7:24 PM, Legato said:

That number would be 535.

I don't think so.  Otherwise we wouldn't have any members fighting drug prices, etc. and we do. 

[Caswell Thomas]

On 12/7/2023 at 9:27 PM, robosmith said:

Just cause you say ^this?

You don't even understand the rationale for the authority of the government to do it.

Here's a clue since you don't have ANY: the companies used government funds to develop those drugs.

Not all of them. I was Sr Medical Research Editor to the Associate Chief of Staff of a government owned hospital in Los Angeles in the early 1980's, much of the money for such research came from donor corporations - not all drug companies either. You see, new drugs that work or show enough promise that they might, are worth BIG Money and well heeled Investors and groups of them who form Investment Firms also might want free incentive grants. What I didn't like, were the ( fortunately few in my day)  corporations who ignored ethics laws who routinely tried to bribe the physicians in that double hospital system with kick backs  and got away with it. Of note, in 1987 I was offered a similar bribe and chose to go into a different field and career instead of accepting their offer. ( the senior physicians I worked for did also and we also referred the attempted bribe to the FBI who arrested, then deported, the corporations owners) .