Politics All Things Trump

[Chazman]

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[Chazman]

LOL!

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[Mark Sman]

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Not normally my favorite show. But this is interesting.

 

[primer]

Funny side story at the time the Homeland series was a favorite of Obama.

 

[HorniePonie]

Can someone better than me at math calculate, how much a 1 dollar pill will cost after 1500% discount? And yeah, I know not to take him literally, but many of his supporters do.

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[Mike1976]

Can someone better than me at math calculate, how much a 1 dollar pill will cost after 1500% discount? And yeah, I know not to take him literally, but many of his supporters do.

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So basically you get a pill and $14

And the worst thing is, as we saw during Biden/Harris events, that Trump has an entire team around him coming up with this kind of dimwitted stuff.

There is a very easy way to cut the price of drugs and it's called subsidies or as Republicans like to call it: communism.

 

[Chazman]

Here's the thing with drug prices in the US. The pharm companies may charge Americans and their insurance companies much more than they charge in Canada and Europe, because Americans and their insurance will pay. What may cost $1,000 per month in the US, may cost $15 per month in Europe and Canada or less. Maybe pennies per month in Asia or Africa. The US market is subsidizing everyone else and it's scam.

As far as the math goes in that statement, I don't know. But if you continue to follow accounts like the above, the brainwashing will only continue.

 

[Chazman]

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[thelistener]

Here's the thing with drug prices in the US. The pharm companies may charge Americans and their insurance companies much more than they charge in Canada and Europe, because Americans and their insurance will pay. What may cost $1,000 per month in the US, may cost $15 per month in Europe and Canada or less. Maybe pennies per month in Asia or Africa. The US market is subsidizing everyone else and it's scam.

Halt. are you trying to say that the reason your drug prices and medical aid is so expensive, is the fault of others, not your own US owned business and their practises?

 

[Mark Sman]

Halt. are you trying to say that the reason your drug prices and medical aid is so expensive, is the fault of others, not your own US owned business and their practises?

Firstly, the price differential is real.

US owned drug manufacturers carry much of the responsibility for these prices. But not all of it.

Many manufacturers peddling in the US are not US owned. All of the companies are taking advantage of what the market in the US will carry for pricing.

They are aided in this by two factors. US medical insurance is basically a racket operating with government collusion in both regulation and pricing.

And then the companies themselves have ratcheted up the pricing as high as they can get away with in the US market. Which is of course market force at work.

It isn't the fault of other countries that the US is subsidizing their healthcare. But it is a fact.

 

[Chazman]

Halt. are you trying to say that the reason your drug prices and medical aid is so expensive, is the fault of others, not your own US owned business and their practises?

It's all the pharm companies. Whether US or foreign owned. It's common knowledge that they charge many times more in the US than elsewhere. Could be 10, 20 or 50 times more. Maybe that's where Trump is getting his math from. It's a total scam

 

[thelistener]

It isn't the fault of other countries that the US is subsidizing their healthcare. But it is a fact.

You didn't tell me how that is? Sounds absurd given that most european countries have had their current healthcare system for ages and healthcare isn't the biggest imported product.

It's all the pharm companies. Whether US or foreign owned. It's common knowledge that they charge many times more in the US than elsewhere. Could be 10, 20 or 50 times more. Maybe that's where Trump is getting his math from. It's a total scam

I always thought republicans were the free market guys and democrats wanted to regulate the market

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[PEMM]

There is a very easy way to cut the price of drugs and it's called subsidies or as Republicans like to call it: communism.

No, it's what we do in every other country: negotiate prices with drug companies on national level. Might also allow cheap alternatives into the market. Drug companies are still going to make ton of money.

 

[Mark Sman]

U.S. and Japan Reach Trade Deal

The U.S. and Japan have reached a trade agreement, President Trump wrote in a social-media post Tuesday evening, saying he would set his so-called reciprocal tariffs at 15% for the country.

Japan has had high tariffs on US products for decades.

As to the LNG pipeline deal, it is possible. Even probable that some form of this takes place. The nature and shape of that deal is not, in fact, done. Japan and the US are not the only players in this deal. South Korea is also a major player. Other countries may want in on it as well. If done at scale this is a project that could actually work.

 

[Chazman]

You didn't tell me how that is? Sounds absurd given that most european countries have had their current healthcare system for ages and healthcare isn't the biggest imported product.


I always thought republicans were the free market guys and democrats wanted to regulate the market

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That Aaron Rupar is pretty dumb. His brain is little more than two neurons held together by a spirochete. He is not smart enough to understand what he is posting.

The point is cost shifting. If Americans pay $100 per pill, the pharm companies can afford to sell the same pill for $1 to Europeans. If that same pill is $10 for everyone, some people will be happy, some will be sad. What Trump is referring to is a negotiating pressure point.

What's happening with drug prices in the US is not "free market", it's a manipulated scam.

 

[Chazman]

U.S. and Japan Reach Trade Deal



Japan has had high tariffs on US products for decades.

As to the LNG pipeline deal, it is possible. Even probable that some form of this takes place. The nature and shape of that deal is not, in fact, done. Japan and the US are not the only players in this deal. South Korea is also a major player. Other countries may want in on it as well. If done at scale this is a project that could actually work.

For sure. It could be worth many trillions in the long run.

 

[Mark Sman]

You didn't tell me how that is? Sounds absurd given that most european countries have had their current healthcare system for ages and healthcare isn't the biggest imported product.

Chazman covered it pretty well.

The US market pays a huge premium because of our scam of a healthcare system. Then those companies can peddle the same drug for greatly reduced prices elsewhere, because they have already leached us dry.

Not the fault of other countries, we did this to ourselves.

I always thought republicans were the free market guys and democrats wanted to regulate the market

That used to be somewhat true. But these days it is even less true than it once was. The reality is that it all depends on whose sacred cow is being sized up for burger.

To use healthcare again as the example. The US government pushes huge subsidies into all aspects, including drug manufacturing. And then our regulatory bodies are a joke which serve to protect the interests of the companies, not the people.

Again, not the fault of other countries, we did this to ourselves.

 

[thelistener]

That Aaron Rupar is pretty dumb. His brain is little more than two neurons held together by a spirochete. He is not smart enough to understand what he is posting.

Didn't he just quote Trump?

The point is cost shifting. If Americans pay $100 per pill, the pharm companies can afford to sell the same pill for $1 to Europeans. If that same pill is $10 for everyone, some people will be happy, some will be sad. What Trump is referring to is a negotiating pressure point.

What's happening with drug prices in the US is not "free market", it's a manipulated scam.

I'm 99 % sure that this isn't as simple as that.
For example, if i were to buy an epipen for example; the government pays the agreed upon price for it to the medical company and i pay only a small part of it. It doesn't cost 1 € it costs 100 € but i only pay 1 € directly. (condensed)

Now if you would like a government mandated pricing and then the government covers part of that cost for the consumer, go ahead, but i thought you wanted the market to decide.

 

[Chazman]

Didn't he just quote Trump?


I'm 99 % sure that this isn't as simple as that.
For example, if i were to buy an epipen for example; the government pays the agreed upon price for it to the medical company and i pay only a small part of it. It doesn't cost 1 € it costs 100 € but i only pay 1 € directly. (condensed)

Now if you would like a government mandated pricing and then the government covers part of that cost for the consumer, go ahead, but i thought you wanted the market to decide.

Yes, he quoted Trump. But he is not smart enough to connect any dots. To him it's: "Drugs, Cars, does not compute, I hate Trump".

If that epi pen cost $1,000, chances are you may be paying more than $1 for it - or more likely, it just may not even be covered and your price is $1,000

 

[Mark Sman]

Why the U.S. Pays More Than Other Countries for Drugs

Sorry it is paywalled WSJ article. My problem is that most reporting about business is straight up trash other than paywalled sites.

This paragraph about sums up the state of affairs.

The upshot is Americans fund much of the global drug industry’s earnings, and its efforts to find new medicines. “The U.S. is responsible for the majority of profits for most large pharmaceutical companies,” said Richard Evans, a health-care analyst at SSR LLC and a former pricing official at drug maker Roche Holding AG.

The overall picture is even more complex than this essentially decent article goes into.

The US healthcare system is bad for the consumer. I do blame our failed regulatory agencies in the US, and the companies. But it also must be said that the actual concept of a "free market" may not be the way to go as far as healthcare in the US.

The current system is in no way a free market. It is a corporate/government rats nest.