Hillary Clinton unveils plan to lower prescription drug costs
Source: usatoday.com
Heidi M Przybyla, USA TODAY 12:06 a.m. EDT September 22, 2015
............Clinton's plan, according to the campaign, will propose to:
Deny tax breaks for consumer advertising and demand that drug companies instead invest U.S. taxpayer dollars in research and development. Many companies benefit from corporate write-offs for advertising aimed specifically at consumers. Companies that receive federal funds would be required to reinvest a certain amount in research.
Encourage the production of generic drugs including lowering the amount of time companies can exclusively produce new treatments.
Cap what insurers can charge consumers with chronic or serious health conditions in out-of-pocket costs. Health insurance plans would place a monthly limit of $250 on out-of-pocket costs for such patients.
Allow Americans to import drugs from abroad. Countries in Europe with similar safety standards often pay half of what American pay for the same drugs, according to the campaign.
Allow Medicare to negotiate drug and biologic prices, especially for high-cost drugs with limited competition.
Read more: http://www.usatoday.com/story/news/politics/elections/2015/09/22/hillary-clinton-prescription-drug-plan/72598898/?AID=10709313&PID=6157437&SID=ievcyxnhef00xkod00dth
padfun
(1,786 posts)but didn't.
He went the opposite direction and stopped Gov from negotiating drug prices.
zeemike
(18,998 posts)The ACA was suposed to correct these things but didn't
But we can't bring ourselves to do that can we?
Enthusiast
(50,983 posts)How many more election cycles will we continue to vote for Democrats that go along with corporate interests while ignoring the interests of MILLIONS UPON MILLIONS OF US?
I. Am. Sick. Of. This. Shit.
zeemike
(18,998 posts)And it seems to be those who are directly effected by it...thosw who are not don't seem to give a shit. As long as they have a D in their name it is all good.
That is why we must have a political revolution now...if not it will be lost for another generation...and oligarchy will become normal.
Hoyt
(54,770 posts)come up with alternatives when some greedy drug company tries to gouge.
zeemike
(18,998 posts)And when they want a CEO bonus for providing investors with big profits they just raise the premiums.
In the end you are always the one who pays.
Hoyt
(54,770 posts)to go to an out-of-network provider.
I'm not defending this jerk. Fortunately, his drug is not in high demand, and I bet insurers, hospitals and docs work out something to leave him with practically zero sales at the rate he wants to charge.
wordpix
(18,652 posts)I was sent bills for my chemo, which has been used for decades and is not life saving. According to NIH, the drugs cost $1600 per round. The "allowed charge," which is what insurers allow providers, was around $19,000/round. The "provider charge" was $40K/round. Why would insurers allow Pharma the "allowed charge" of $19K when the real cost is $1600? And WTF is this "provider charge" that means nothing? It should be banned from statements and bills.
Either the insurance cos. are writing off whatever they don't get in their negotiations and taking a loss/tax deduction (most likely) for the difference, or they are getting kickbacks from Big Pharma. Could be both.
Hoyt
(54,770 posts)name that cost $1600, but was allowed at $19,000. Something isn't right about that.
Sorry about the need for chemo. A war on cancer - and profiteers - is what we need.
wordpix
(18,652 posts)at the time refused that for O-care. So put the blame where it should go, and that's not with the pres.
zeemike
(18,998 posts)Congress would not let him.
As for me I am tired of excuses...it't like dealing with the co dependent of an alcholic...it is never their fault they get drunk...someone else is always responsible.
Gman
(24,780 posts)By capitalizing on issues that occur as soon as they do. Sanders can be weeks behind with a response.
bkkyosemite
(5,792 posts)has already written to demand an explanation from the company. He is the senior minority ranking member that oversees prescription gouging along with a lot of other consumer issues.
Gman
(24,780 posts)Except who else knows outside of his supporters?
Dawgs
(14,755 posts)This proposal of hers will only be known by people that follow and like her.
DisgustipatedinCA
(12,530 posts)Post 2 is very different than post 7, but that's because you completely changed your rationale after your first point was documented as being completely incorrect. I'd say nice try, but it really wasn't.
riversedge
(70,186 posts)Geronimoe
(1,539 posts)Hillary will never get this passed through Congress. She probably won't even try. Pure campaign rhetoric.
Gman
(24,780 posts)brooklynite
(94,493 posts)Geronimoe
(1,539 posts)because he isn't taking Big Pharma's money like Hillary does.
Dawgs
(14,755 posts)Not enough people to vote for her over the Republican.
ChisolmTrailDem
(9,463 posts)On Tue Sep 22, 2015, 11:51 AM an alert was sent on the following post:
Unfortunately, she will never be President.
http://www.democraticunderground.com/?com=view_post&forum=1014&pid=1213527
REASON FOR ALERT
This post is disruptive, hurtful, rude, insensitive, over-the-top, or otherwise inappropriate.
ALERTER'S COMMENTS
My first ever alert. This is DU. If I want to see something like this I would go to Freeperville. "Not enough people to vote for her over the Republican." Maybe I'm not really on DU after all.
You served on a randomly-selected Jury of DU members which reviewed this post. The review was completed at Tue Sep 22, 2015, 12:01 PM, and the Jury voted 0-7 to LEAVE IT.
Juror #1 voted to LEAVE IT ALONE
Explanation: The poster is simply expressing the opinion that he believes Hillary can't win the general election. It's an argument that is also seen in regards to Sanders here on DU.
Juror #2 voted to LEAVE IT ALONE
Explanation: Nothing wrong with the comment, simply one person's opinion. Also, this looks like it may be an alert stalker trying to get Dawgs suspended, considering how benign the alerted comment is.
Juror #3 voted to LEAVE IT ALONE
Explanation: The poster expressed an opinion about the outcome of the 2016 election. No violation of TOS.
Juror #4 voted to LEAVE IT ALONE
Explanation: Am I missing something? This isn't alert-able IMHO
Juror #5 voted to LEAVE IT ALONE
Explanation: Good grief. It's an opinion. A wrong one, but an opinion. Argue in the thread. These kind of alerts are ridiculous.
Juror #6 voted to LEAVE IT ALONE
Explanation: Extremely frivolous alert.
Juror #7 voted to LEAVE IT ALONE
Explanation: I don't understand what the member found disruptive here. This post is fine.
Thank you very much for participating in our Jury system, and we hope you will be able to participate again in the future.
merrily
(45,251 posts)According to "conventional wisdom", Bernie's supporters are never victims of frivolous alerts.
merrily
(45,251 posts)On Tue Sep 22, 2015, 11:51 AM an alert was sent on the following post:
Unfortunately, she will never be President.
http://www.democraticunderground.com/?com=view_post&forum=1014&pid=1213527
REASON FOR ALERT
This post is disruptive, hurtful, rude, insensitive, over-the-top, or otherwise inappropriate.
ALERTER'S COMMENTS
My first ever alert. This is DU. If I want to see something like this I would go to Freeperville. "Not enough people to vote for her over the Republican." Maybe I'm not really on DU after all.
the Jury voted 0-7 to LEAVE IT.
Juror #1 voted to LEAVE IT ALONE
Explanation: The poster is simply expressing the opinion that he believes Hillary can't win the general election. It's an argument that is also seen in regards to Sanders here on DU.
Juror #2 voted to LEAVE IT ALONE
Explanation: Nothing wrong with the comment, simply one person's opinion. Also, this looks like it may be an alert stalker trying to get Dawgs suspended, considering how benign the alerted comment is.
Juror #3 voted to LEAVE IT ALONE
Explanation: The poster expressed an opinion about the outcome of the 2016 election. No violation of TOS.
Juror #4 voted to LEAVE IT ALONE
Explanation: Am I missing something? This isn't alert-able IMHO
Juror #5 voted to LEAVE IT ALONE
Explanation: Good grief. It's an opinion. A wrong one, but an opinion. Argue in the thread. These kind of alerts are ridiculous.
Juror #6 voted to LEAVE IT ALONE
Explanation: Extremely frivolous alert.
Juror #7 voted to LEAVE IT ALONE
Explanation: I don't understand what the member found disruptive here. This post is fine.
I thought Juror #1 (not I) made an excellent point.
840high
(17,196 posts)riversedge
(70,186 posts)Dawgs
(14,755 posts)Polls don't mean anything at this point. Never have.
think
(11,641 posts)Hillary comes along afterwards and gets all the press while Sanders is actually already introducing the legislation.
http://thehill.com/policy/healthcare/bernie-sanders-bill-high-drug-prices-phrama-greed
Kind of getting use to Clinton adopting Bernie Sanders' platform.
http://www.bloomberg.com/politics/articles/2015-09-21/clinton-may-echo-sanders-on-drug-price-proposals-bi
Live and Learn
(12,769 posts)Eric J in MN
(35,619 posts)Drug companies should be required to get regulatory approval for any big price hikes.
Gman
(24,780 posts)I didn't make the news Hillary did.
Enthusiast
(50,983 posts)Where is Hillary's single payer health care proposal?
Gman
(24,780 posts)Did you?
LuvLoogie
(6,988 posts)than it is to BernieCare, which languishes somewhere in congress.
hughee99
(16,113 posts)which is to say she's better at using the issues of the day to benefit her campaign. My concern is that her interest in these issues is limited to how they can help her, politically.
riversedge
(70,186 posts)hughee99
(16,113 posts)Last edited Tue Sep 22, 2015, 06:56 PM - Edit history (1)
I personally don't believe her interest in most of these issues goes any further than her own political interests? My sincerest apologies for at least trying to appear to give her the benefit of the doubt.
restorefreedom
(12,655 posts)for years to get cheaper meds from canada.
he also has a plan for health care..
no circles....most dems are for major health care reforms
Doctor_J
(36,392 posts)Sanders wrot a bill to address this two weeks ago
The walls of the Hillary Bubble must really be thick.
riversedge
(70,186 posts)latimes.com/nation/la-na-clinton-healthcare-20150922-story.html
Hillary Clinton previews plan to expand Obamacare and lower health costs #HillaryForAmerica #wipolitics
View summary
0 retweets 0 favorites
24601
(3,959 posts)The easier plan is this:
If you produce a pill, you can charge anything you want.
If it costs the patient less than a dollar - you pay no tax on its sale.
If the patient pays more than a dollar, and less than $10, the producer pays a tax of 100% of the difference between the cost and the dollar. This tax cannot be added to a wholesale or retail price.
If it's more than $10, the producer tax goes up to 110% of price paid by the patient.
I've got the same kind of tax in mind, with a $3 breakpoint, for movie theater drinks & popcorn....
dsc
(52,155 posts)for ads that for much of the history of the Republic have been banned, trash the first amendment? What part of the first amendment says I have to pay for the ads run by anyone?
24601
(3,959 posts)difference between income and deductions. Here's the link to IRS Form 1120-POL http://www.irs.gov/pub/irs-pdf/f1120pol.pdf
In this regard, they are treated like other business.
The question: "Is purchasing advertising a legitimate business expense." If so (as the IRS interprets the tax code today) then it is no different than the other expenses of developing a product and bringing it to the market.
If you disagree, we are a republic and you can contact your representative and senators about disallowing deductions. Or you can run for office yourself and introduce the changes.
abelenkpe
(9,933 posts)Or alcohol.
AlbertCat
(17,505 posts)We can go back to that.
I'd love it!
Android3.14
(5,402 posts)How about you stop flailing about and adopt a real plan?
riversedge
(70,186 posts)Response to riversedge (Reply #14)
Android3.14 This message was self-deleted by its author.
Android3.14
(5,402 posts)The typo, as ridiculous as it is to criticize in a post, is in your head.
riversedge
(70,186 posts)bye
Android3.14
(5,402 posts)If you ever want to discuss these issues like an adult, just let me know.
bkkyosemite
(5,792 posts)it is not just breaks for advertising medications....none of them should have been getting any breaks for advertising in the first place. Big Pharma is deceiving the public. If you care to you can read what is really happening with regards to the pharma industry...very sick indeed.
http://www.democraticunderground.com/10141213396 #28
Lychee2
(405 posts)Instead, she wants to make minor adjustments. She's a centrist. That's what centrists do.
wordpix
(18,652 posts)I run a business and my advertising costs me.
Sunlei
(22,651 posts)and demand Federal and State subsidies to meet their Corp. gouge price.
We have to cut out the profiteer middlemen, health care- Insurance in America needs to be non-profit no middlemen, no out of pocket drug costs and no restrictions on clinics or Doctors.
Americas medical care price sets like OPEC oil.
Geronimoe
(1,539 posts)$8000 for insurance of single person. $6,000 deductible, and $3,000 in drugs.
If you are chronically ill, your cost is $17K per year before insurance kicks in.
Sunlei
(22,651 posts)Still I'm all for no cost health care for all Americans . Let the Federal & State Govs. subsidize the 20% 'profit'.
Lychee2
(405 posts)That's unAmerican!
Sunlei
(22,651 posts)Insurance Corps 'game' the system for more 'free gov. money'
Insurance Corps also, collude with Drug Corps for a piece of that lovely 10,000% profit.
col·lude
/kəˈlo͞od/
verb
verb: collude; 3rd person present: colludes; past tense: colluded; past participle: colluded; gerund or present participle: colluding
come to a secret understanding for a harmful purpose; conspire.
"university leaders colluded in price-rigging"
Lychee2
(405 posts)There is no Obamacare ceiling on drug prices, insurance premiums, or anything else, for that matter. That's because under capitalism, profits are sacred and undeniable.
Sunlei
(22,651 posts)Lychee2
(405 posts)Here's why:
http://www.advancinghealthinamerica.org/wp-content/uploads/2015/09/Plan-consolidation-MLR-factsheet_8-18-15_clean.pdf
So the 15-20% allowed to the the insurance companies can get bigger and bigger in absolute dollars as premiums rise--without any legal limit.
Sunlei
(22,651 posts)and starting a new more expensive plan each new enrollment year.
Still better than no insurance at all, being dropped or being refused coverage.
Lychee2
(405 posts)https://www.nashvillepost.com/news/2015/5/14/bluecross_requests_36_premium_hike_for_16_plans
In health care, as in many other areas, the regulatory boards are a rubber stamp for the industry. That's how it is with Public Utility Commissions, etc. They are staffed by former and future returning executives from the industry. That's how Blue Cross got its 19% increase last year.
Sunlei
(22,651 posts)when he has to deal with our congress-ask for the Sun. Moon and Stars and settle for less.
I know Americans deserve better from their Government but that will not happen in our lifetimes, even if you're just a teenager. Personally, I will continue to be happy with my obamacare, it's a heck of a lot better than no insurance.
LiberalArkie
(15,709 posts)just moves the high price drug to a tier they don't cover. And it doesn't have to be that expensive.
But : Allow Americans to import drugs from abroad. Countries in Europe with similar safety standards often pay half of what American pay for the same drugs, according to the campaign.
Allow Medicare to negotiate drug and biologic prices, especially for high-cost drugs with limited competition.
That is the way it needs to be, should have been. I am glad she is coming around on it. She was not in favor of it in the past, but as people get older and known people that have had problems they learn. Now to hear from the Bernmeister.
Lychee2
(405 posts)I bought two prescription drugs in France for $15 total. That is less than my co-pay for the same drugs in the States.
Incidentally, the doctor's visit to get the prescriptions cost $28. That was the full price as a private patient. I was just a visitor, and so I was not eligible for their national health insurance.
jeff47
(26,549 posts)Good times.
nichomachus
(12,754 posts)Drug companies have been gouging for decades -- where was Hillary?
This was not a secret. There have been lawsuits about it -- Hillary only discovered it last night.
Drug companies were gouging while Hillary was drafting her health care plan -- she did nothing to address it.
Drug companies were gouging when Hillary was a senator. What did she do to address it? Oh, right, she voted for a bill to ban the government from negotiating on drug prices.
But now that she's faltering on the campaign trail, she all of a sudden "discovered" the issue and cooked up a plan overnight to deal with it.
Same old Hillary -- just like on LGBT rights -- a day late and a dollar short. The country deserves better.
Sunlei
(22,651 posts)rushed ahead of the 'blame game'. But there will always be Obama or Mrs. Clinton to shove the blame on.
BumRushDaShow
(128,805 posts)Today is "National Voter Registration Day". Time to take back Congress!
turbinetree
(24,695 posts)why was it back in the nineties the drug companies said that it would be cheaper to move the "plants" to Costa Rica or Puerto Rico, so that they could make the the variety of "pills" for one cent to five cents.
They were also given during this time frame the means to expand there patent rights on the drug to lower the so called costs.
To make a generic drug all you have to do is change the molecular structure of one atom in the pill to make it generic-------------that's all----------------so why is the so called fact now being presented when everyone from the nineties on knew about this scam, and then the criminal enterprise from 2001-2008 got there hands on it with the help of "Congress" to come with this "plan" to have a doughnut hole to privatize the drugs (Part D) to make it more expensive--------without any government dealings to purchase any drug more cheaply or negotiate a price, when all it costs is to put the molecular structure in a computer press a button and make a pill for .1 cents and charge over in some cases $10,000 dollars-----------------------its called greed and and also called greasing the palms------------and not one of these supporters have done anything to lower the costs.
I have heard from day one with Sanders that this was unacceptable, notice who is standing next to Senator Sanders
http://readersupportednews.org/news-section2/318-66/26345-senator-bernie-sanders-is-investigating-drug-prices
Honk---------------------for a political revolution Bernie 2016
Geronimoe
(1,539 posts)because a lobbyist inserted a provision that they would get $75K tax right off for every employee they hire.
This is the problem with both Parties. A bill is sold as something, and the fine print is entirely different. Wall Street wins and Main St loses.
turbinetree
(24,695 posts)Thanks for the info.
I am getting ready to go on Medicare and Social Security and I am preparing myself for costs in drug prices.
I will not get the break------------I will be above the threshold, but the oligarchies get there breaks---------how convenient
Honk --------------------for a political revolution Bernie 2016
marym625
(17,997 posts)turbinetree
(24,695 posts)even from way back form in 2001 -----------------Yep
The Bern was in fine form back then, as to today, just like now and all of the co-signers felt the BERN
Honk------------------for a political revolution Bernie 2016
marym625
(17,997 posts)I've admired him for decades. He really came to be one of my favorites back during the votes leading to the illegal war in Iraq.
#FeelTheBern
#Bernie2016
On edit: Actually, he became one of my favorites during the votes for DOMA.
Sunlei
(22,651 posts)In most states insured are restricted/limited to a tiny area and not covered if they need medical care outside that tiny area. (except for emergency care)
turbinetree
(24,695 posts)The only way that this can be done is to have Medicare for all----------this will drive the free marketers crazy--------------but my attitude is------------- so what-------------come into my world and one day I can fully explain what happened-----------------it is not pretty-----------the overhead costs associated with drug costs are nothing more than a profit machine to the drug companies, we are the only country that will import lettuce and tomatoes, cheaply but not drugs----------Sanders just said this and I just paraphrased his remarks and it is true, and then we have insurance companies becoming just three in this country---------------and this is called free market -----------------nope-------------I want some regulations for my health------------I can't eat a dollar bill to make me healthy
Honk------------------------for a political revolution Bernie 2016
Fuddnik
(8,846 posts)They got huge tax breaks and subsidies to close US plants, and move them to PR.
The Senator never responded. Must have been out in space somewhere.
geardaddy
(24,926 posts)whatthehey
(3,660 posts)I've seen the ASP data at two major pharma companies and on anything non-generic but not brand new blockbuster, the differential is closer to 20 to 1 than 2 to 1 on US prices compared to ROTW.
zalinda
(5,621 posts)"The nations largest companies are charging Americans thousands of dollars for new drugs that are often priced lower in other developed nations while receiving billions of taxpayer dollars for basic research, according to the campaign."
The quote above is from the OP's link.
What is going on is small (instant) companies are buying old generic or single use drugs from large companies and are jacking up the price. Hillary's plan will do nothing about that, these are hedge fund people.
http://finance.yahoo.com/news/pharma-ceo-just-jacked-price-201033610.html
Z
Bubzer
(4,211 posts)This doesn't even get you a cookie. At least not a homemade cookie. You know, like the ones Hillary made when First Lady to tone down her image as a feminist. After all, the polls showed that the American people wanted her to be demure.
Enthusiast
(50,983 posts)LuvLoogie
(6,988 posts)Bubzer
(4,211 posts)Reducing drug prices is like painting a house with latex paint to cover up a mold problem. That mold is going to, very quickly, find its way around and through. Reducing drug prices will not fix the underlying problem. Single payer is the solution we need... not a coupon for aspirin.
Lychee2
(405 posts)That's not enough.
bread_and_roses
(6,335 posts)When she gets on board, I'll believe she's serious. But I won't hold my breath. Her corporate paymasters wouldn't like it.
Lychee2
(405 posts)raindaddy
(1,370 posts)Now maybe Hillary can ask DWS to schedule a few more debates so the voters can compare her plan with Bernie's...
RussBLib
(9,006 posts)thanks Hillary.
AlbertCat
(17,505 posts)Uh.... taxpayers already pay for research and development.
Kablooie
(18,625 posts)Someone needs to attack the Washington lobbys! That's where all this soul crushing greed comes from.
Attack the disease not the symptoms.
Eric J in MN
(35,619 posts)NT
Bubzer
(4,211 posts)So far, we're the only industrialized country which allows the advertisement of pharmaceuticals.
LiberalArkie
(15,709 posts)when you are in the top 10% though.
Eric J in MN
(35,619 posts)...and the insurance companies get soaked, and our premiums go up.
Drug companies should be nationalized. Drug research and sales should serve the public interest.
If nationalization is too bold, then at least require regulatory approval for any drug-price hike over 4%.
Lychee2
(405 posts)Sunlei
(22,651 posts)Doctor_J
(36,392 posts)My costs went from $500 annually to $8500 thanks to the ACA. A President Clinton will probably bankrupt me.
HassleCat
(6,409 posts)People are always hounding the president because he didn't get single payer, left some loopholes in the law, etc. Well look at what Clinton is proposing. It's some minor tinkering around the periphery of the ACA, certainly nothing very bold or exciting. This is about all candidates dare to propose, since real health insurance reform would prompt screams of "Socialism!" Clinton saw what happened to Bernie Sanders when he proposed universal health care at an alleged cost of $15 trillion. She's not going to let the same thing happen to her. This milquetoast plan is what the Democratic front runner proposes for health insurance reform, so I hope people will stop calling Obama weak and timid, etc.
GeorgeGist
(25,319 posts)DonCoquixote
(13,616 posts)I am hoping this is a lean to the left..if so...Ms. Clinton, please do so.