Trump Persuades Drug Companies To Not Increase Prices
President Trump has higher drug prices on the back burner.
The Washington Examiner reports:
AdvertisementMajor drugmaker Merck announced Thursday it wouldn’t increase the average price for its products by more than the rate of inflation. Merck’s announcement came after major drug companies Novartis and Pfizer said they would delay their planned price hikes. President Trump has been trying to pressure drug companies to stop price hikes.
Merck said it will also lower the price of hepatitis C drug Zepatier by 60 percent. The treatment was approved in 2016 at a cost of around $54,600, which was below other major hepatitis C treatments like Gilead’s Harvoni which debuted at more than $80,000.
The company added it will reduce the price of several other medicines by 10 percent, but did not identify the products. Merck’s announcement comes as the Trump administration is trying to pressure drug companies to lower prices. Pfizer drew the ire of Trump in a tweet after news that it had raised prices for nearly 40 products.
The companies are giving the president’s prescription blueprint a chance to work. The news is welcome to so many seniors who are already struggling to pay the current prices. It’s also good news for the federal government, who purchases drugs through Medicare and Medicaid.
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Okay, but we need prices to be reduced. This is one baby step toward what is really needed and that is a decrease in cost for medications. We pay more than any other country. If you are the negotiator you see you are, you should be able to get this accomplished. If not, then I suspect seniors will not be pleased. We already make decisions between food and medications. This compromise is miniscule.
That is great for many people. For me the drugs we have to take are using most of our extra income.
All drugs are over priced for only one reason, well maybe 2. 1st because they can. 2nd because they are VERY greedy and it is showing. Yes I own Pharma stocks and make a few bucks off them but I also have 1 medication that I have to take that costs $4150.00 a month. I’m NOT a socialist however the government needs to get out of healthcare and then apply restrictions on pricing of services and goods. Big Pharma will keep right on going making plenty of money. So will the Hospitals and doctors. One hospital in my town has spent at least a Billion dollars on new buildings in the last 5 years and its a State University Hospital! Wonder where all that money came from???
It’s also good news for the federal government, who purchases drugs through Medicare and Medicaid.
I understand Medicare and Medicaid can “shop costs” or go through a bid process for drugs but the VA has not this choice, and pays a higher cost, how come?
Something no other president was willing to take on because of big pharma’s political clout. Trump didn’t take money from them so is not beholding to them, a big plus for the people.
You don’t need these drugs. They are a scam. Learn to take care of yourself, and seek holistic solutions.
You must be a young person. Wait until you are older and start to have health problems and see how much a scam it is. You better stay healthy. Holistic is no cure for everything and can be a bigger scam!
Tell that to a diabetic, a heart patient, and a stroke patient that has inherited it from their parents or grandparents. Tell that to your kid when they developed cancer or juvenile diabetes, or meningitis. Tell that to your neighbor who didn’t have her kids vaccinated and your baby dies from whopping cough because they are carriers because some fool told them the inoculations caused Autisim. You have to be careful what you say some people won’t realize what a true dumb ass you really are.
I Agree, Ed.
> Also Diabetes, etc Can be Reversed & Healed.
> Our Food etc IS Quite Violated.
EXCELLENT. I WILL BE 76 YEARS OLD THIS YEAR, BECAUSE I TOOK GOOD CARE OF MYSELF, DO NOT DRINK, DO NOT EAT SWEETS, DO NOT USE SALT, WALK MY DOG TWICE DAILY, WATCH MY BLOOD PRESSURE, DO NOT SMOKE CIGARETTES, I THINK I AM DOING WELL. IF I WANT DESSERT I PURCHASE CHEESE CAKE WHICH IS LOW IN CALORIES.
I’ve got you one (or two) bet! I am 86 years old, have developed diabetes during the past 10 years when I was no longer able to wolk much due to a serious injury to one of my feet. I smoked for 60 years but my lungs are as clear as glass, my blood pressure runs 110-120 over 60-65 for most of my doctor visits. I eat – LOVE sweets, but try to keep it to fruits as much as possible. Have always been a big meat eater (RED) My weight has not varied more than 4/10 of a pound in the last 5 years except for a brief time when I dislocated a hip and almost starved to death because I couldn’t stand to stand in the kitchen long enough to cook something. I have consistently IGNORED the health fads, and have always eaten what pleases me – including eggs when they were “forbidden”, red meat now, I occasionally FRY my food in – of all things – bacon grease! (I have lots of that because I eat a lot of bacon). I am disgustingly healthy even though I am limited to a walker because of multiple broken bones (back-3x; wrist, ribs, collar bone, hip, and both feet so many times I cannot count!). Good genes!!! None of it has anything to do with what I have done or not done over the years!
los mismos medicamentos de las mismas marcas y/o similares en Canada y otros lugares cuestan mucho menos y todavia querian subir mas los precios.
Thank u President Trump…the drug companies make enough profit n they are always looking to line their pockets…the crooked dems probably own many shares of their stock!!!! Remember to show ur appreciation for all the things President Trump has done n will continue doing for the American people by helping him make his job easier by voting Republican in November…if u believe in life, liberty n the pursuit of happiness defeat the crooked democrats….
Get off the corrupted to the core NAZI Demoncrat Communist plantation treasonous party (RINOs too!!! You know who you are!, So Get ready to lose your seats) and on the Trump train to success!!!!!!!!!!!!!!
The future of health care is Stem Cells. All people can use their own Stem Cells that will regenerate in their own bodies. Stem Cells from one’s own Placenta, Fat, or Bones may be frozen & saved or used immediately.
Stem Cells in one’s body, when introduced, go immediately to the place that is causing a problem & FIX it. Since it is from one’s own body, there is no cost and this cannot be patented. The cost is minimal, takes very little time to collect and introduce into one’s body & acts quickly. Sometimes in a few days, sometimes weeks, and in some cases longer. It depends on what the disease is. When Stem Cells are used for everyone, Big Pharma will no longer exist! Stem cells are being used now with ZERO bad side effects. Almost all patented Pharmaceuticals have bad side effects.
Texas recently passed a law the allows everyone to use their own (or someone else’s) Stem Cells!
re Stem Cells (use someone else’s???) Are you kidding ???
> from PlannedParenthood ???
we need for big pharm to roll back prices 50% or more and they would still make billions.They sell drugs to Canada for half of what we pay here.They all pay the FDA too much money.Clintons have been paid for years.
Big Pharma is in control…most drugs are worthless. They got rid of the good antibiotics through propaganda and promote stuff that I suspect wllTah lead to one’s demise eventually. I believe that Big Pharma is in collusion with the globalists to reduce the population to a manageable control. BTW just listen to the disclaimers on TV about the ads for Rx medications. I am convinced that while there are some good MDs around, most now are part of the world system and are brainwashed into conforming to the pharmaceutical propaganda.
That’s why the truly helpful natural no side effects alternatives are marginalized and rejected by the stupid insurance companies.
absolutely right so many drugs have lots of side effects n are very harmful too !All it is in the pharmaceutical Companies is all about money ?! And their profits are mind blowing! Now is the time to get with stem cells not in the future! I Thank You James Stewart you hit the nail on the head!?????
I am a retiree of Merck & Co. and I live in Las Vegas, NV. One of the benefits that the Merck retirees have is they do not pay for Merck manufactured drugs. The company drugs are free to all their employees and retirees. When I moved to Las Vegas, I had to change my medical provider to Humana Gold. Even though I am a Merck retiree, Humana still charged me for using a Merck drug and even though Merck compensates me for that cost, why should the company that I retired from pay for their own drugs. I believe Humana wants me to reach the donut hole a lot faster. Is that fair to Merck & Co., I think not and I do not want to see Merck & Co. ripped off. Sincerely, Martin Korab, Merck retiree, Feb, 1st, 2002
It is a known fact that Hillary Clinton gave the large Pharmaceutical Companies a Carte Blanche on pricing their products and also to hold back on many possible cures. I don’t know why they haven’t been stopped and their companies prosecuted.
open the market to cannabis oils ,to all other treatments which have been used for eternity here and around the world ,heal the millions for free ,stop Pharma dictatorship and see them shrivel to size of a old,bad dream .Take their lawyers along for the trip to hell ,that is were they came from anyway !
I’m a Senior and 67 years old but this is no benefit to me as I have been free of all pharmaceutical drugs for many years. The only pills I do take are supplements made from whole foods.
Thank you President Donald Trump!
NO CITY, STATE AND FEDERAL TAXES OVER 40 HOURS A WEEK. =20 POINTS IN THE POLLS. A WALL LOTERY AND A MEDICAL BENEFITS LOTTERY. 20 POINTS IN TH EPOLLS.
FREE THE OBAMA POW’S ON SUICIDE WATCH IN FT. LEAVENWORTH. THEIR CRIME TO MUCH LOVE OF COUNTRY AND NO LEGAL PROTECTION. FAMILIES CONSIGNED TO A LIFE OF POVERT AND SHAME. NO BENEFITS SAME SENTENCE AS DADDY. SANCTUARY CITIES FOR UN BORN AMERICAN BABIES. DON’T KILL HER WE WILL TAHE HER. IF YOU LET HER LIVE 18 MONTHS YOU WILL HEAR THE WORDS, “I LOVE YOU MOMMY” STAY OUT OF THE DEMOCRAT CHOP SHOPS FIND THE MOM AND POP SHOPS. IF YOU REALLY WANT THE BABY BUT HAVE TO ABORT BEFORE YOU GO DEMOCRAT GO TO A FIRE HOUSE AND TELL YOUR STORY. LAST BRING BACK THE DRAFT. HEY WHERE DID EVERYBODY GO? SPIRIT OF AMERICA PARTY RADIO SHOW.
NO CITY, STATE AND FEDERAL TAXES OVER 40 HOURS A WEEK. =20 POINTS IN THE POLLS. A WALL LOTERY AND A MEDICAL BENEFITS LOTTERY. 20 POINTS IN TH EPOLLS.
FREE THE OBAMA POW’S ON SUICIDE WATCH IN FT. LEAVENWORTH. THEIR CRIME TOO MUCH LOVE OF COUNTRY AND NO LEGAL PROTECTION. FAMILIES CONSIGNED TO A LIFE OF POVERTY AND SHAME. NO BENEFITS SAME SENTENCE AS DADDY. SANCTUARY CITIES FOR UN BORN AMERICAN BABIES. DON’T KILL HER WE WILL TAKE HER. IF YOU LET HER LIVE. IN 18 MONTHS YOU WILL HEAR THE WORDS, “I LOVE YOU MOMMY” STAY OUT OF THE DEMOCRAT CHOP SHOPS FIND THE MOM AND POP SHOPS. IF YOU REALLY WANT THE BABY BUT HAVE TO ABORT , BEFORE YOU GO DEMOCRAT GO TO A FIRE HOUSE AND TELL YOUR STORY. LAST BRING BACK THE DRAFT. HEY WHERE DID EVERYBODY GO? SPIRIT OF AMERICA PARTY RADIO SHOW.
If you’re on Social Security, this does not help us one bit! We don’t ever get a real raise, it is all transferred to Medicare!
Thank you, President Trump. Now let’s see Seniors getting a real COL raise, that has been virtually frozen for years, while immigrants, illegal immigrants steal our benefits.
Joe Ferrari: Yep and she and her organization are still making money from that scam. You have to wonder just what power she has over the justice system. The proof of her “dealings” have been posted and allegations proven time and again. Yet everyone in the power structure just turns a blind eye. And this started all the way back to when Bill was president. The woman does have some powerful friends or cohorts as the case may be.
I am afraid to make comments because Disqus has banned me from making comments on their site because I used such words as Liberal, Hillary Clinton, and anti-Democrat Party. Seems like all of these sites are run by Democrats and they, like Facebook, do not like Republicans and Conservatives.
Where is my comment?