Who would expect this from the leader of a pro-business political party:
Pfizer & others should be ashamed that they have raised drug prices for no reason. They are merely taking advantage of the poor & others unable to defend themselves, while at the same time giving bargain basement prices to other countries in Europe & elsewhere. We will respond! – Donald Trump, 10:08 AM – 9 Jul 2018
It’s easy to agree that there are much cheaper drug prices in other countries. Trump didn’t mention that we now see medicine manufactured in China, as well as India – just to save a few pennies on a bottle of drugs that costs hundreds, or even thousands of dollars here.
Yet, the charge that drug firms take advantage of the weak and powerless would seem unfair, until we examine what appears to be callous behavior by drug execs.
The following tale of so-called success in reducing drug use among the elderly shows how drug firms can evade, avoid and continue to make billions from seniors’ prescriptions. Continue reading →
We use medicines made in China, marketed in U.S. If you import same drugs: $100k fine + year in jail!
A popular blood thinner now costs U.S. Medicare patients and insurers more than $5,000 a year. This drug, which has amassed sales of more than $10 billion, uses Rivaroxaban as the main ingredient – a compound available from 26 manufacturers in China.
When you check prices for Rivaroxaban for sale in the U.S., the cost of a 10, 15 or 20 mg tablet is virtually identical, so the product quantity is not an issue. Rivaroxaban tablets sold in America, by the way, are so small they are almost impossible to cut in half to make a 20 mg tablet into two tens. Wonder why?
Since the price of materials is obviously so low (two for the price of one), it would seem that where it is manufactured is not very important, but to pencil-poking plutocrats, a penny saved is a salivating savings event of graphite proportions.
But what is the danger from manufacturing our drugs in China?