Re: Breakup of Physician, Drug Company Relationship Could Improve Health Care, Cut Co
From an earlier post
"The reason why Pharma bought into the ACA (Obama Care) was that the data just presented in the study above is well known and will be ever more discussed at the time goes on. And, there are no tradeoffs to the Healthcare system if these costs for drugs are cut. But you say, well profits are required to develop new drugs? In the study it was found that 73% of the drugs in the cabinet had Generic replacements. And, it takes what, about 15-20 years to bring a new drug to the market? So for at least 10-15 years before that period Pharmas were using their profit to develop and license drugs that they KNEW would be only treatments for drugs already treated by Generics then, for the next 15-20 years they still failed to develop new drugs while continueing to manipulate the medical system in order to get Docs to spend more on their branded drugs rather than write scripts for Generics that would have had the same effects. The only trade-offs will be, over a period of time, a significant reduction in Pharma revenues and profits and since Pharma has used those profits over they last 30-40 years to mostly develop branded drugs to compete with generics the US market will not lose any drug development from which we will benefit. Pharmas backed the ACA because they new that the easiest, and painless spending to cut (painful only to them and to the extent that they can make policians feel through lobbying) is cutting spending on Pharma products and this simply delays that while they continue to milk immoral and unethical profits from the US Healthcare market."
From an earlier post
"The reason why Pharma bought into the ACA (Obama Care) was that the data just presented in the study above is well known and will be ever more discussed at the time goes on. And, there are no tradeoffs to the Healthcare system if these costs for drugs are cut. But you say, well profits are required to develop new drugs? In the study it was found that 73% of the drugs in the cabinet had Generic replacements. And, it takes what, about 15-20 years to bring a new drug to the market? So for at least 10-15 years before that period Pharmas were using their profit to develop and license drugs that they KNEW would be only treatments for drugs already treated by Generics then, for the next 15-20 years they still failed to develop new drugs while continueing to manipulate the medical system in order to get Docs to spend more on their branded drugs rather than write scripts for Generics that would have had the same effects. The only trade-offs will be, over a period of time, a significant reduction in Pharma revenues and profits and since Pharma has used those profits over they last 30-40 years to mostly develop branded drugs to compete with generics the US market will not lose any drug development from which we will benefit. Pharmas backed the ACA because they new that the easiest, and painless spending to cut (painful only to them and to the extent that they can make policians feel through lobbying) is cutting spending on Pharma products and this simply delays that while they continue to milk immoral and unethical profits from the US Healthcare market."
