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kraft-t
Senior Advisor

Health care in america

http://www.nytimes.com/2013/04/26/business/cancer-physicians-attack-high-drug-costs.html?pagewanted=...

 

High drug costs due to unbridled capitalism. In the olden days they used to bleed patients because they thought it would bring about cures. Today the medical professions and drug makers are bleeding financially their pateints and the capitalist puritans think we should just keep on letting them rape the consuming public.

 

$100K per year for one drug? Really!

6 Replies
cotman03
Senior Contributor

Re: Health care in america

I think those bad old, raping drug companies have been pretty successful in saving lives.  Or do you know the real reason why our life expectancies have risen to where they are today versus 100 years ago?  Maybe your friends, the trial attorneys, have something to do with the cost you pay for drugs.  It seems like a fact, based on the attorney's tv commercials, that if a drug company produces a drug it is going to get sued regardless of how good that drug actually is. I am not defending drug companies totally.  I'm sure there has been some price gouging when they can get away with it.  I know that those companies treat the bureaucrats running the Medicare/Medicaid programs really well and it's those guys who set the repayment prices for drugs.  I also know that private insurance companies have to base their repayment rates off Medicare/Medicaid repayment rates.  Maybe government involvement in medicine is another reason why prices are so much higher than they should be.  Ever wonder why the government pays $500 for a hammer or $1000 for a toilet seat?  It's certainly not because that was the best deal they could get.   

schnurrbart
Veteran Advisor

Re: Health care in america

I guess you have never watched any of the tv commercials for new drugs??? All those wonderful new cures and how great they are then some guy comes on, you know the one who can talk about 15 words/sec and tells you that possible side effects include but not limited to dizziness, nausea, severe headaches, stroke, heart attacks and death!!!!! And Lord help you if you get a disease that only a handful of people in the US have ever had because the drug companies are sure as h3ll not going to because even if they made a drug (which they won't) no one could afford to buy it!!
ollie2655
Senior Contributor

Re: ck the gov regs

50% of any drug i sgov reg cost add in greedy lawyers and the drug cost go up even more ----ask the demorats why they wont curtail either----and i own drug co shares and dont mind the profit ----most retirement plans include them even yours

ollie2655
Senior Contributor

then show em dont buy

the drugs they produce that will teach them

r3020
Senior Advisor

Re: Health care in america


@kraft-t wrote:

http://www.nytimes.com/2013/04/26/business/cancer-physicians-attack-high-drug-costs.html?pagewanted=...

 

High drug costs due to unbridled capitalism. In the olden days they used to bleed patients because they thought it would bring about cures. Today the medical professions and drug makers are bleeding financially their pateints and the capitalist puritans think we should just keep on letting them rape the consuming public.

 

$100K per year for one drug? Really!


Maybe you could buy your drugs cheaper if they were developed and manufactured with cheap Chinese labor. Maybe it's time to outsource those jobs as well. You do know most pharaceutical companies use a huge amount of high paid union labor. Are you saying the union workers are over paid?

 

“I certainly admit going in with an attitude of let’s-see-what-this-is-about,” Johnson & Johnson Vice President Donald Bohn says about cooperating with labor unions. “It turns out we have a lot more in common than you might think.”

And that’s why, about four years ago, Johnson & Johnson joined the Pharmaceutical Industry Labor-Management Association (PILMA), a growing coalition of pharmaceutical industry giants and the major building trades unions. Its goal is to foster good jobs in the domestic pharmaceutical industry while increasing access to affordable medicines.

Such cooperation between workers and the industries that employ them is something of an anomaly in an era of increasingly balkanized politics.

One staple of PILMA’s program—along with conferences and other get-togethers—is to provide tours of union training facilities, which allow industry officials to see firsthand the skill levels and training union workers bring to the specialized construction needs of the biotechnology industry.

Last year, Sheet Metal Workers (SMWIA) hosted a delegation to tour its training facility in Everett, Wash. The Seattle-area apprentice program runs five years and requires as much as 1,500 hours of classroom time and 9,000 hours of on-the-job training. The apprentices learn commercial and residential HVAC, architectural and production sheet metal work, maintenance and test-and-balance—a process where independent workers test a newly installed system and then calibrate it so it’s perfect.

“Our members are committed to the craft. It’s not a job. It’s a career,” says Eric Martinson, business manager of SMWIA Local 66, which runs the Everett training center. “If you’re putting in a fume hood in a laboratory, you’re not just installing it and hoping that it works.”

As the tour delved into the nitty-gritty, the workers and the company representatives got downright geeky about the work they do. They talked fume hoods and evacuation systems, return systems and laboratories, air volume and flow, gas systems and all manner of duct work.

This is stuff the workers know intimately because they fabricate, install, test and maintain all of these systems—and their knowledge complements that of the scientists, researchers and other industry representatives.

“I don’t think we can say this enough. America's building trades unions invest upward of $1 billion a year in training and developing the safest, most highly trained and productive workers found anywhere in the world," says Sean McGarvey, president of the AFL-CIO Building and Construction Trades Department.

That investment has currency with pharmaceutical company leaders. In New Jersey, it has become common for pharmaceutical companies to sign 15-year maintenance contracts to ensure that systems will be maintained by experienced and skilled union workers.

“Over time, we’ve seen more and more companies follow the natural inclination to rely on union contractors for a steady stream of well-educated, informed workers,” PILMA director Tim Dickson says. Some companies, like Eli Lilly, are bringing pharmaceutical productions back to the United States from overseas.

As for Bohn, it didn’t take him long to become a believer in the coalition.

“Our commitment is to the safety and quality of the products that we sell,” Bohn says. “We need companies with strong reputations and a qualified workforce. When you pay for quality, the investment comes back to you.”

 

http://www.aflcio.org/Features/Innovators/No-Depression-Pharmaceutical-Labor-Alliance-Flourishes

Re: Health care in america

Unbridled capitalism?   Don't you mean because of government granted monopoly protections?