#Prescription Drug Prices

[michaelpaul7]

Trump Supporters Mess Around... Find Out The HARD WAY

If you don't feel like watching the video - they basically talk about how Trump rescinded Joe biden's policy on prescription drug prices. Cuz you know got to make sure big pharma gets their money... I hate this fucking world.

[justinspoliticalcorner]

Jonathan Cohn at HuffPost:

The first-ever negotiations between the federal government and pharmaceutical companies have led to agreements that will lower the prices of 10 treatments, reducing costs for the Medicare program and for some individual seniors, the Biden administration announced early Thursday morning. This round of negotiations began in 2023 and took place because of the Inflation Reduction Act, the law that Democrats in Congress passed on a party-line vote and that President Joe Biden signed two years ago. The new prices are for drugs covering a variety of conditions, including diabetes and inflammatory illnesses, and are set to take effect in January 2026. The negotiation process is going to happen each year, with a new set of drugs each time. If all goes to plan, that means the scope of drugs subject to negotiated prices will grow each year, while the savings will accumulate.

“When these lower prices go into effect, people on Medicare will save $1.5 billion in out-of-pocket costs for their prescription drugs and Medicare will save $6 billion in the first year alone,” Biden said in a prepared statement, citing figures that analysts at the U.S. Department of Health and Human Services calculated and published on Thursday. “It’s a relief for the millions of seniors that take these drugs to treat everything from heart failure, blood clots, diabetes, arthritis, Crohn’s disease, and more ― and it’s a relief for American taxpayers.” Of course, those numbers refer to aggregate savings on drug spending. Figuring out what they will mean for individual Medicare beneficiaries is difficult, because so much depends on people’s individual circumstances ― like which drugs they take, or which options for prescription coverage they use. It also depends on knowing the actual, real prices for these drugs today, after taking into account the discounts that private insurers managing Medicare drug plans extract from manufacturers. Those discounts are proprietary information that the federal government cannot release.

Great news: The Biden Administration, pharmaceutical companies, and Medicare have negotiated hefty price reductions for 10 high-cost drugs, including Januvia, FIASP, and Entresto.

[politicalantibody]

Making America Great Again? Great for Big Pharma, that is. This is how we become a shithole country, one signature at a time.

Is this what you want?

[arogyaaushadhi]

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[watercress-words]

President Joe Biden's Healthcare Record

President Biden is not seeking a second term of office. In this post I reviewed how his administration affected American healthcare.

It has been the greatest honor of my life to serve as your President. And while it has been my intention to seek reelection, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President for the remainder of my term. President Joe Biden President Biden during a visit to the National Institutes of Health First Lady…

[reasonsforhope]

"The Biden Administration last week [early December, 2023] announced it would be seizing patents for drugs and drug manufacturing procedures developed using government money.

A draft of the new law, seen by Reuters, said that the government will consider various factors including whether a medical situation is leading to increased prices of the drug at any given time, or whether only a small section of Americans can afford it.

The new executive order is the first exercise in what is called “march-in-rights” which allows relevant government agencies to redistribute patents if they were generated under government funding. The NIH has long maintained march-in-rights, but previous directors have been unwilling to use them, fearing consequences.

“We’ll make it clear that when drug companies won’t sell taxpayer funded drugs at reasonable prices, we will be prepared to allow other companies to provide those drugs for less,” White House adviser Lael Brainard said on a press call.

But just how much taxpayer money is going toward funding drugs? A research paper from the Insitute for New Economic Thought showed that “NIH funding contributed to research associated with every new drug approved from 2010-2019, totaling $230 billion.”

The authors of the paper continue, writing “NIH funding also produced 22 thousand patents, which provided marketing exclusivity for 27 (8.6%) of the drugs approved [between] 2010-2019.”

How we do drug discovery and production in America has a number of fundamental flaws that have created problems in the health service industry.

It costs billions of dollars and sometimes as many as 5 to 10 years to bring a drug to market in the US, which means that only companies with massive financial muscle can do so with any regularity, and that smaller, more innovative companies can’t compete with these pharma giants.

This also means that if a company can’t recoup that loss, a single failed drug can result in massive disruptions to business. To protect themselves, pharmaceutical companies establish piles of patents on drugs and drug manufacturing procedures. Especially if the drug in question treats a rare or obscure disease, these patents essentially ensure the company has monoselective pricing regimes.

However, if a company can convince the NIH that a particular drug should be considered a public health priority, they can be almost entirely funded by the government, as the research paper showed.

Some market participants, in this case the famous billionaire investor Mark Cuban, have attempted to remedy the issue of drug costs in America by manufacturing generic versions of patented drugs sold for common diseases."

-via Good News Network, December 11, 2023

[republicansaredomesticterrorists]

😡

[saywhat-politics]

The Biden administration unveiled the next 15 prescription drugs that will be subject to price negotiations between manufacturers and Medicare.

It kicks off the second phase of a landmark provision in the Inflation Reduction Act that aims to make costly medications more affordable for seniors. 

At the top of the list is Novo Nordisk’s blockbuster diabetes injection Ozempic, weight loss shot Wegovy and diabetes pill Rybelsus, which are considered one product since they all share the same active ingredient, semaglutide.

[whatareyoureallyafraidof]

It's day two, and the prices of gas and eggs haven't dropped. But, you know what prices are going UP thanks to Mango Mussolini: prescription drug prices for people on Medicare. Along with everyone else, white, male seniors -- who overwhelmingly voted for Cadet Bone Spurs -- will be paying more for drugs. I hope they enjoy that. FAFO.

[supercantaloupe]

insurance things suck. :(

idk if this will be helpful for you, but ages ago i was recommended this website that has coupons for prescription medication. i’ve never had to use it so unfortunately i don’t know more about how to use it, but i figured i’d at least pass it along.

https://www.lowermyrx.com/

i do know there are other pharmacy coupon websites though, so explore those too!

i really hope it gets better for you. sending good vibes for your journey soldier, godspeed 🫡

thank you for your kind words and for the advice! the lady at the pharmacy counter also recommended i look to see if there are manufacturer coupons for my specific drugs, or ask my doctor if there's approved generics/alternatives that would work for me. i'm still gonna try and see if a stern phone call with my insurance will get them to actually cover my meds again like they used to but if that doesn't work out i definitely will be looking to see where else i can save a few bucks

[ask meme]

[justinspoliticalcorner]

Walter Einenkel at Daily Kos:

President Joe Biden and Vice President Kamala Harris made their first joint public appearance Thursday since Biden stepped aside on July 21 and Harris became the Democratic Party’s presidential nominee. The two appeared at Prince George's Community College in Maryland to announce and celebrate lower drug prices thanks to the first Medicare price negotiation. The Biden-Harris administration received some well-deserved credit for its work to begin reducing the exorbitant cost of drugs. But the rally was also an emotional event, as chants of “Thank you, Joe,” rang out repeatedly. [...]

The president did not disappoint. He was feisty, feeding off of an enthusiastic crowd, and predicting Harris would be “one hell of a president.”  "I served in the Senate for 270 years,” Biden joked. “I know I only look 40, but I'm a little bit older. For the longest time, I was too damn young because I was only 29 when I got elected. Now I'm too damn old.” Biden framed the lowering of drug prices as a crowning achievement of his decades-long political career, noting that his first attempt to do so came in 1973, when he was a freshman senator.

For the first time since Joe Biden announced that he won’t run again for President nearly a month ago, he and his successor to the nomination Kamala Harris reunited at a rally in Maryland yesterday.

[dontmean2bepoliticalbut]

[reasonsforhope]

"Sanofi on Thursday said it’s planning to cut the U.S. price of its most popular insulin drug by 78% and cap monthly out-of-pocket costs at $35 for people who have private insurance starting next year. 

In addition to its widely prescribed Lantus, the French drugmaker will reduce the list price of its short-acting insulin Apidra by 70%. Sanofi already offers a $35 monthly cap on insulin for uninsured diabetes patients.

The company is the last major insulin manufacturer to try to head off government efforts to cap monthly costs by announcing its own steep price cuts for the lifesaving hormone. 

Eli Lilly and Novo Nordisk made similar sweeping cuts earlier this month after years of political pressure and public outrage over the high costs of diabetes care. The three companies control over 90% of the global insulin market. 

... The change takes effect Jan. 1.

President Joe Biden’s Inflation Reduction Act capped monthly insulin costs for Medicare beneficiaries at $35, but it did not provide protection to diabetes patients who are covered by private insurance.

Sen. Bernie Sanders, a Vermont independent and the chairman of the Senate Health, Education, Labor and Pensions Committee, introduced a bill earlier this month that would cap the list price of insulin at $20 per vial.

Both the president and Sanders on Tuesday directly called on Sanofi to slash its prices after Novo Nordisk announced its own cuts that day.

Roughly 37 million people in the U.S., or 11.3% of the country’s population, have diabetes, according to the Centers for Disease Control and Prevention. Approximately 8.4 million [U.S.] diabetes patients rely on insulin, the American Diabetes Association said."

-via CNBC, 3/16/23

[hotsugarbyglassanimals]

it drives me nuts how much suffering we force people to go through to meet some arbitrary idealized standard vs something that'd actually help. they're making my 60 yr old mom with fibro take pain management classes because they're too scared to put her on the prescription pain meds that she was already on before. i just read about someone with adhd talking about how the only med that works really well for them without making them depressed when it wears off or causing anxiety is desoxyn but doctors are too afraid to prescribe it to them because it's technically methamphetamine. the drug war is a complete burden on society

[eldritch-bf]

Goodrx brought my two uninsured meds from $800 to $60