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Big Pharma loves Biden NOT Trump. Lefties hate facts.
January 24, 2021
7:40 pm
vinyllover
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How do you like your new president, lefties? Is he corporate enough for your liking? That's an ironic post of course since you're all against corporations. Which you should be. But then you pretend not to notice shit like this. It really is time to get your fucking head out of your ass, stop believing that all Republicans are racists, homophobes, Uncle Toms, etc. The left is scamming you. The corporations have the right AND THE LEFT in their pocket. GET THAT THROUGH YOUR HEAD. STOP PLAYING PARTY POLITICS. START CARING MORE ABOUT THE ECONOMY, NATIONAL SECURITY, AND PERSONAL FINANCES.  TRUMP WAS TRYING TO HELP YOUR POCKET BOOK AND THE ECONOMY! AND YOU COULDN'T SEE IT. BECAUSE YOU LOVE BEING LIED TO AND YOU LOVE VIRTUE SIGNALING!

 

https://www.swfinstitute.org/news/83900/pharma-biden-freezes-trumps-lower-cost-insulin-and-epinephrine-rule

 

PHARMA: Biden Freezes Trump’s Lower Cost Insulin and Epinephrine Rule

Posted on 01/22/2021


Big pharma is smiling big right now. The big three insulin producers are Eli Lilly and Company, Novo Nordisk A/S, and Sanofi S.A., in which they dominate more than 90% of the world insulin market by value. After swearing-in, U.S. President Joe Biden’s HHS froze the Trump administration’s December 2020 drug policy that mandates community health centers to pass on all their insulin and epinephrine discount savings to patients.

The rule was finalized in late December 2020. The drug rule was put in place to benefit patients who have a hard time paying for expensive insulin and allergy medication. Former President Trump campaigned on lowering the price of important pharmaceutical drugs like insulin, which is used to treat diabetes, and epinephrine. Diabetes afflicts over a quarter of Medicare beneficiaries and drives billions in Medicare spending every year. More than 20 million Americans have diabetes, in which the body fails to properly use sugar from food due to insufficient insulin, a hormone produced in the pancreas.

Big Pharma Hated Trump

Trump’s “most favored nation” law seeks to lower prices in Medicare by linking the costs of certain medicines to cheaper prices in other developed countries. People often complain of buying the same drug in the U.S., when the price in Canada and Mexico are far cheaper. Obviously, the pharmaceutical industry strongly opposed the measure, arguing it would bring foreign price controls to the U.S. healthcare system and limit access. Groups including the Association of Community Cancer Centers and the Pharmaceutical Research and Manufacturers of America sued to block the rule. In December 2020, U.S. District Judge Catherine Blake issued a nationwide injunction on Trump’s “most favored nation” drug pricing rule that would tie Medicare Part B drug prices to those paid in other wealthy countries starting January 1, 2021. The Trump administration also removed the gag clauses that prevented pharmacists from telling patients how to buy less expensive drugs. Apparently, pharmacists could not talk to patients about how to buy drugs.

Seema Verma, the former U.S. Administrator, Centers for Medicare & Medicaid Services, wrote in an op-ed in October 2020, “This year, President Trump struck a deal –known as the Part D Senior Savings Model – with pharmaceutical manufacturers and plans that will provide many Medicare beneficiaries access to a broad set of insulins at a maximum $35 copay for a month’s prescription. We are encouraging beneficiaries to see if a participating plan that includes their insulin is right for them during Medicare Open Enrollment, which begins October 15.

This initiative could save the over 1.3 million seniors who rely on Medicare Part D plans and use insulin, an average of $446, or 66 percent, a year on their insulin costs. For those whose health, and even lives, depend on insulin, the savings will be nothing short of a godsend.”

Politics

In the 2020 election cycle, Eli Lilly (the largest U.S. maker of insulin), through entities and members, gave US$ 138,880 to Joe Biden vs. zero to Donald Trump. However, Senator Mitch McConnell got US$ 48,493, according to The Center for Responsive Politics.

West Virginia Senator Joe Manchin’s daughter Heather Bresch is the CEO of Mylan. Mylan manufactures the EpiPen, which is a life-saving device. In 2016, there was a scandal in which Mylan jacked up the price of the EpiPen 400%. EpiPens were about US$ 57 when Mylan acquired it. The EpiPen has been around since 1977.

Eli Lilly

Some of the largest institutional investors in Eli Lilly, a major maker of insulin include, the Lilly Endowment Inc. (holds 111,132,343 shares), Vanguard Group, BlackRock Inc., Primecap Management, State Street Corporation, and Fidelity Management & Research (FMR LLC). Some of the new hedge fund investors in Eli Lilly from September 30, 2020 filings, include Point72 Asset Management, L.P., GQG Partners LLC, and Sirios Capital Management LP. Lilly Endowment, headquartered in Indianapolis, Indiana, is one of the world’s largest private philanthropic foundations and among the largest endowments in the United States.

Norges Bank Investment Management (NBIM), the manager of Norway Government Pension Fund Global, is a top 10 investor of both Sanofi and Novo Nordisk stock.

In a recent Eli Lilly 10-Q, “On July 24, 2020 and September 13, 2020, U.S. President Donald Trump signed Executive Orders related to the 340B Prescription Drug Program, rebate reform in Medicare Part D, drug importation including insulin, and foreign reference pricing in Medicare Part B and Part D. If implemented, these Executive Orders could have a material adverse impact on our future consolidated results of operations, liquidity, and financial position. On September 1, 2020, Lilly announced it would distribute all 340B ceiling priced products directly to covered entities and their child sites only. Lilly provides 340B discounts to a contract pharmacy only if it is a wholly owned subsidiary of a covered entity, if a covered entity does not have an in-house pharmacy or, in the case of insulin, if the subject covered entity and its contract pharmacies agree to pass along the discount to patients without any markup for dispensing fees and without billing insurance or collecting duplicate discounts. Lilly has been transparent with regulators on its distribution activity and continues to comply with all 340B program requirements. Certain covered entities and their trade associations have threatened litigation, questioning whether Lilly’s program, and similar actions by other manufacturers, violate 340B program requirements. On October 9, 2020, three covered entities sued the Department of Health and Human Services (HHS) and the Health Resources and Services Administration seeking to compel the agencies to take enforcement action against Lilly and three other companies, among other requested relief. On October 21, 2020, a trade association representing certain covered entities sued HHS seeking to compel the agency to promulgate administrative dispute resolution regulations. The cases are pending and the impact of these cases and any subsequent litigation is uncertain.”

January 24, 2021
7:57 pm
the_almighty_smack
the_patriot_smack
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most of the lefties of this forum like lucid fairy,OMD and noah have not been heard from since they found out child porn was legal on twitter

#SANGPUR

January 24, 2021
8:17 pm
vinyllover
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CP legal on twitter?

No it's not. What are you talking about?

January 24, 2021
8:44 pm
the_almighty_smack
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Jack Dorsey is getting sued because a 13 year old boy was extorted into doing something sexual on camera and the video was uploaded to twitter shared countess times and had over 200,000 views the kids mom found out and complained to twitter to remove the video and the response was the video does not break any of twitters terms of service.

#SANGPUR

January 24, 2021
8:49 pm
vinyllover
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the_patriot_smack said
Jack Dorsey is getting sued because a 13 year old boy was extorted into doing something sexual on camera and the video was uploaded to twitter shared countess times and had over 200,000 views the kids mom found out and complained to twitter to remove the video and the response was the video does not break any of twitters terms of service.

  

OH...MY...FUCKING...GOODNESS!!!

Whoop Whoop, vinyllover :

the_patriot_smack
January 24, 2021
8:54 pm
vinyllover
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Dorsey looks like a satanist.

 

[Image Can Not Be Found]

January 24, 2021
9:03 pm
krunk
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I doubt that he considers himself to be human anymore. Ancient mythology warns us about falling into the trap of thinking we're a living god. Hope he snaps out of it for his sake. And somebody needs to ink this on his balls stat:

sm9Dxgd.jpgImage Enlarger

V23W2ws.gif V23W2ws.gif V23W2ws.gif RAFtn26.gif 3hm5B2c.gif VFyFLdU.gif V23W2ws.gif

                              

January 24, 2021
11:00 pm
King Lucem Ferre
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Cherry picked facts with zero context.

Here's some inconvenient facts.

https://www.politifact.com/factchecks/2020/aug/03/donald-trump/trump-inflates-insulin-help-seniors/

 

https://www.google.com/amp/s/khn.org/news/fact-check-progressive-group-political-ad-highlights-trump-tillis-weakness-on-insulin-prices/amp/

 

Crazy Q conspiracy nuts will spend all this time researching twitter accounts, fishy youtube videos, grifters websites & conspiracy memes but zero time on the facts. It's almost as if it's in.... Bad faith...

Whoop Whoop, King Lucem Ferre :

Chevy2Dope
January 24, 2021
11:18 pm
vinyllover
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From politifact:

Trump’s order targeted a select group of health care providers, Federally Qualified Health Centers. These centers serve people of limited means, focusing on rural and low-income communities. The gist of Trump’s order, a Health and Human Service Department spokesperson told us, requires these centers "to provide these drugs to medically underserved patients at close to acquisition cost."

[...]

There are over 1,300 of these health centers. That’s a lot, but in terms of the particular federal drug discount program that they use to buy insulin — something called the 340B program — they represent less than a fifth of the 340B participating clinics and hospitals nationwide. And out of all operations that contract with the program, which includes individual pharmacies, these clinics represent less than 2%.

So the executive order affects only a slice of providers, and it hinges on the 340B drug program. 

[...]

It’s important to note that with prescription drugs, the price isn’t the price. There’s a list price, but what someone actually pays depends on drug maker discounts and rebates given to drug distribution intermediaries, a person’s insurance plan (if they have one) and where they stand with their deductibles and copays.

[...]

Researchers at the University of Southern California’s Schaeffer Center culled the latest numbers for six of the most common insulin products. They found that looking at the list prices — the initial price set by the manufacturer — half of the drugs generally held steady, and half showed moderate increases between 2017 and 2020.

 

[...]

Trump said that his executive order had produced a steep drop in the price of insulin, and urged seniors to take note. No one can predict what the future will bring, but setting that aside, Trump’s move focused on a limited slice of the insulin market.

His executive order touched less than 20% of the clinics that might provide insulin through a key government drug discount program. That drug program itself represents perhaps 10% of the total prescription drug market.

The latest market analysis shows that between 2017 and 2018, insulin copays for seniors rose by about 10%.

Trump’s efforts to make insulin more affordable for seniors may have helped some, but have yet to prove themselves.

So in other words, some found an increase in price BUT OTHERS DID GET A REDUCTION! Trump didn't do enough, okay. But he did accomplish SOMETHING at least. And now, Biden is going to reverse THAT little bit of progress. I find it strange that KLF wants to claim that NOBODY got a price reduction under Trump, and to prove his point he cites an article that admits that SOME in fact did see a reduction in what they had to pay for insulin. I see the irony. I wonder if KLF does.

January 24, 2021
11:30 pm
King Lucem Ferre
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I didn't say that, you poor autistic bastard.

 

I pointed out that the drop is highly exaggerated and hardly affected anybody and it was a rebuttal to the REAL price drop the Dems tried to push for.

 

I know you're autistic but "pause" and "reverse" aren't the same thing.

January 24, 2021
11:48 pm
vinyllover
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King Lucem Ferre said
I didn't say that, you poor autistic bastard.

Gotcha. You fell into my trap. Hence you HAVE NO ARGUMENT. My point stands.

some found an increase in price BUT OTHERS DID GET A REDUCTION! Trump didn’t do enough, okay. But he did accomplish SOMETHING at least. And now, Biden is going to reverse THAT little bit of progress.

January 25, 2021
12:00 am
King Lucem Ferre
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Sometimes you just say shit that makes no sense to validate yourself and there's no way to respond because you're living in some bizarre fantasy land where logic and reasoning were thrown out the window a long time ago.

It's like we're playing basketball and when you lose you say "ha, but actually I won because the secret goal was to hit the backboard not get it into the hoop".

And you actually think it makes you look good and not like a nut job. That's really really sad.

 

BTW pause is not reverse in the real world outside of your fantasy land.

January 25, 2021
12:02 am
vinyllover
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I never contested that pause is not reverse.

If you don't contest that SOME people saw a price drop, then yeah of course Big Pharma would hate Trump a little bit. And that was the point of the OP. If you just wanted to provide other data for a wider discussion, then fine. But don't obscure the success that Trump DID accomplish.

January 25, 2021
12:06 am
the_almighty_smack
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the thing you idiots don't understand about the big pharma shit is this

I pay way less than you I mean much more less pennies on the dollar for prescribed drugs

Trump wanted you to pay the exact same as me and now Biden put a stop to that

meaning he wants them to get richer and you poorer the complete opposite of  what Trump wanted for you

#SANGPUR

January 25, 2021
12:12 am
Pigg
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the_patriot_smack said
the thing you idiots don't understand about the big pharma shit is this

I pay way less than you I mean much more less pennies on the dollar for prescribed drugs

Trump wanted you to pay the exact same as me and now Biden put a stop to that

meaning he wants them to get richer and you poorer the complete opposite of  what Trump wanted for you  

Trump also said he'd give everyone health insurance.

 

He should have proposed a single-payer system like Canada. I would have supported it and given him props if he pushed it through.

 

Unfortunately, greedy members of congress don't want Americans to have affordable healthcare. Except for a few like AOC and Bernie.

January 25, 2021
12:16 am
the_almighty_smack
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https://i0.wp.com/i.ibb.co/gFvwttj/america.jpg?w=250&ssl=1Image Enlarger

#SANGPUR

January 25, 2021
12:27 am
King Lucem Ferre
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vinyllover said
I never contested that pause is not reverse.
If you don't contest that SOME people saw a price drop, then yeah of course Big Pharma would hate Trump a little bit. And that was the point of the OP. If you just wanted to provide other data for a wider discussion, then fine. But don't obscure the success that Trump DID accomplish.  

That's a dishonest and autistic narrative with a clear bias because he hindered more and bigger attempts to actually drop prices for everybody.

With no explanation OR understanding of what Biden's doing.

Biden froze a deal that would deny funding to the very very very few places that get discount meds for not passing on the discount. Didn't reverse it at all. It's actually a standard thing every president does when entering office so the can review new and processing bills to weed out stuff that goes against their views.

A regulatory pause is a common tradition among incoming presidents to ensure that the unfinished policies from the prior administration align with the new one. In many cases, there are no substantial disagreements among the two administrations and the policies can continue on their normal path. But the pause gives incoming officials a chance to weed out the actions that go against the current president’s stance.

https://news.bloomberglaw.com/health-law-and-business/last-minute-flurry-of-health-rules-subject-to-biden-60-day-pause

 

See, you're just complete full of shit so the only thing I need to concede to was giving you some table scraps of attention knowing that you're just going to keep begging even harder for more, you unruly dog.

January 25, 2021
12:36 am
the_almighty_smack
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idiots

I have free health care but guess what I chose to do?? 

pay for it because I get better service 

well I don't actually pay for it I work a job that offers to pay for it for me as long as I work 

just like it is in america

the free one is free but nothing is really free it's like local cable TV full of commercials but I want HBO so I pay for HBO

#SANGPUR

January 25, 2021
12:38 am
vinyllover
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King Lucem Ferre said

he hindered more and bigger attempts to actually drop prices for everybody.

We shall see. Or rather, I shall see, once I peruse all the hyperlinks in this link.

https://www.google.com/amp/s/khn.org/news/fact-check-progressive-group-political-ad-highlights-trump-tillis-weakness-on-insulin-prices/amp/

It may take a day or two.

January 25, 2021
12:46 am
Pigg
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the_patriot_smack said
idiots

I have free health care but guess what I chose to do?? 

pay for it because I get better service 

well I don't actually pay for it I work a job that offers to pay for it for me as long as I work 

just like it is in america

the free one is free but nothing is really free it's like local cable TV full of commercials but I want HBO so I pay for HBO  

Let's get a system like that in the states.

 

Everyone gets taxpayer-funded healthcare, but if people want more coverage they can pay for it.

Whoop Whoop, Pigg :

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