Hey remember when Biden actually did something about this and Trump repealed it immediately?
https://www.cnn.com/2024/08/15/politics/medicare-drug-price-negotiations/index.html
I'm sure declaring "drugs are cheaper now" will work just as well as it did last time he signed this EO.
And the cost savings will likely go to the insurance companies... who I'm sure will pass those savings onto the consumer. 🙄
Even if they do; if your employer "provides" the insurance they'll take a cut of any cost savings :(
Which is why we'll have to pay you less. -Management
As an employer at a small business yes, if I got a reduction in cost and I paid half, I’d split it with the employee. Since I pay all employee healthcare I’d get all the savings.
Something something broken clock.
I'm still skeptical 🤔 But if he can get drug prices lowered, great!
While the goal might be correct, this isn't going to do shit. This is a non-story, Trump is just redoing something he did in his first term already that failed. The headline is what Trump is after, this is just a PR move.
Something something trains on time
by aligning what the government pays for certain medications to the prices paid in other countries.
Big pharma will just raise the rate across the world, in some cases against the local country controls. So those govts will just authorise the use and manufacture of generics, like India did who invalidated copyrights, to bring down the costs. Next, big pharma will get generics banned in the US so back to square one with the high prices.
This sounds semi-likely. Pretty much anything that Trump does should be looked at through the lens of a Russian agent.
Nearly every other country negotiates drug prices as a bloc, the companies have no power in universal healthcare models. Which is why insulin is dozens of times cheaper anywhere but the US.
I got an idea Medicare for all
Tank pharma companies stock, alert insider trading partners to buy, rescind EO.
Taking bets now.
Ooh, so now medication will only be 50 times more expensive than in Mexico, I'm sure that'll stop Americans from medicine shopping in Mexico.
Mexico should do something to stop that invasion of US citizens, they're all sick and do nothing to improve the economy, they only buy medication, food, souvenirs, and then they leave only to return a few weeks later! This is an act of war, Mexico should build a wall!
Please don't make me add an /s here
This is very capitalist and certainly not communist approach to market prices 🤪
Yeah. Just another BS decree that has no substance. The king saying “make it happen!” ans leaving the impossibility of it to others.
The headline sounded like a dub, but the comments got me feelin like this just another L
That's the point. Grab headlines that make the public think he's some benevolent leader, while in reality, this is a big nothingburger
Great I love drugs
Let's watch 47 come before the drug companies in a few days. Btw watch the stock market manipulation as he retreats from this threat and scurried back to business as usual
What happened to 90%?
50% of all your money is still too high!
He’s an idiot and there are a number of obviously deliberate errors in his statements about this matter already, indicating that he is once again lying.
Sweet. Now it'll be even easier to have opioid crisis 2 electric bugaloo.
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