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thepowerbroker

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Dec 11, 2003 13:22

watching the news these days makes me really wish i wasn't so ridiculously knowledgeable about public policy and economics. that way, it wouldn't be so frustrating seeing everybody missing the point or being stupid. let's see what i'm talking about by looking at three stories getting a lot of play these days.

1. the flu vaccine. this is always ( Read more... )

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reddawn December 11 2003, 20:49:18 UTC

#2-I'm not going to get into specifics here (you can press me for details if you feel like it), but I spent the last year working around this issue and feel fairly confident in saying that you've swallowed a lot of drug company misinformation.

First of all, the myth that higher prices in the US subsidize lower prices in other parts of the world is bullshit. Sure, that might be the case with countries like South Africa where we're sending AIDS drugs over to deal with epidemics of disastrous proportions (not to say that the drug companies aren't making bank on those deals, either . . .) but when you're talking about the savings people get by buying their drugs in Canada you're talking about price caps set by negotiations between the government and the drug makers. These are prices that are more than within an acceptable profit margin for drug makers or else they wouldn't exist. We can't have these lower prices simply because the pharmaceutical industry gives millions of dollars in contributions to US politicians (69% of that went ( ... )

What's Enron? reddawn December 12 2003, 04:22:47 UTC

"In 2002, PhRMA member companies invested an estimated $32 billion on research to develop new treatments for diseases - an estimated 18.2 percent of domestic sales on R&D - a higher R&D to sales ratio than any other U.S. industry ( ... )

Re: What's Enron? poogus December 12 2003, 15:59:35 UTC

when one does research, they don't do it for shits and giggles. They want to look at numbers to prove their biases.

PhRMA is the anti-christ reddawn December 12 2003, 18:55:31 UTC

Alright, this damn thing just erased a long response I'd just finished so I'll give you the short version: you're wrong ( ... )

My Salary: $666 Per Second. That means I'm right. reddawn December 13 2003, 01:45:37 UTC

Old people with chronic conditions are SUPPOSED to die. It's their choice to cheat God and buy our pills.

At least . . . reddawn December 14 2003, 01:11:23 UTC

. . . you've got honesty on your side.

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