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Today Show: Are the drug companies ripping us off?

by Dave Konkel [Moderator] / September 2, 2004 12:50 PM PDT
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Re: Today Show: Are the drug companies ripping us off?
by dirtyrich / September 2, 2004 1:04 PM PDT

Funny how he notes as a cause for this as the Reagan administration, when he states no connection at all between Reagan and the drug companies.
Also, the author failed to note the influence of the medical insurance industry, which also just happened to take off roughly the same time as the pharmaceutical industry. Of course that would have a huge impact on sales as health insurance encourages patients and doctors to prescribe drugs and also drives up the prices. I wonder how the profits of insurance companies compare to the pharmaceutical industry.
Finally, the article seemed to ignore largely the benefits of the legislation it cited, such as rapid development of new drugs and easier access to them.

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(NT) (NT) You think? Duh!
by Dan McC / September 2, 2004 10:25 PM PDT
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Re: Today Show: Are the drug companies ripping us off?
by Evie / September 3, 2004 1:02 AM PDT

Hi Dave,

Didn't anything just jump out at you about the premise of this "analysis" -- comparing the prescription drug spending changes from 1960-1980 vs. 1980-2000? Let's see, back in 1980 we didn't have (or they weren't widely used) the statin drugs, many of the newer allergy drugs, acid reducing drugs, asthma therapies, as many antidepressants, Viagra and its cousins, Plavix and many other heart-maintenance type drugs, Ritalin used to the extent it is today. We didn't have AIDS in 1980 or the antiviral meds to treat herpes and other chronic viral infections, let alone the epidemic of STD's requiring pharmaceutical intervention. We had fewer cancer survivors taking things like tamoxifen to prevent recurrences. We had fewer heart attack survivers to be taking the various drugs given. The obesity epidemic had yet to blossom with it's concurrent rise in obesity related diseases requiring maintenance treatment (blood pressure being a common one, type II diabetes another), not to mention the various weight loss drugs developed in the past 20 years.

Of course we could blame one of the few good industries we have left in the US for this "horror" of a revolution in the industry over the past two decades ... or we can be grateful that because, thusfar, the US has resisted overregulation and price controls, the industry has flourished and provided us all with the many lifesaving advancements that it has.

Evie Happy

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Re: Today Show: Are the drug companies ripping us off?
by Dan McC / September 3, 2004 1:28 AM PDT

The point she was making, in part, in the excerpt was that we were paying for our drugs twice. Once when we pay for the NIH programs that do the initial work on the drugs, and again when we pay for the drugs with the huge markup.


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