More drugmakers hike U.S. prices as new year begins

[turbinetree]

Source: Reuters

Business News
January 1, 2020 / 11:22 AM / Updated 21 minutes ago

Michael Erman 3 Min Read

NEW YORK (Reuters) - Drugmakers including Bristol-Myers Squibb Co, Gilead Sciences Inc, and Biogen Inc hiked U.S. list prices on more than 50 drugs on Wednesday, bringing total New Year’s Day drug price increases to more than 250, according to data analyzed by healthcare research firm 3 Axis Advisors.

Reuters reported on Tuesday that drugmakers including Pfizer Inc, GlaxoSmithKline PLC and Sanofi SA were planning to increase prices on more than 200 drugs in the United States on Jan. 1.

Nearly all of the price increases are below 10% and the median price increase is around 5%, according to 3 Axis.

More early year price increases could still be announced.



Read more: https://www.reuters.com/article/us-usa-healthcare-drugpricing/more-drugmakers-hike-u-s-prices-as-new-year-begins-idUSKBN1Z01X9?il=0

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-snip- And some human beings are rationing there drugs ..........................and these asshole are raising there prices.................must have been nice to get a tax break........

https://www.oxfamamerica.org/press/drug-companies-reaped-billions-new-us-tax-law/

https://americansfortaxfairness.org/price-gougers-tax-dodgers-pharma/

And lets see this video from Lawrence O'Donnell from the other night on how lobbyists like drug companies are screwing people with the help from Munchin over at Treasury......................

https://www.democraticunderground.com/1017563351

[marble falls]

1. Nationalize them.

[cstanleytech]

4. Nah, deduct the actual price to produce the drugs and add 30% to that then for every 10% over that

they pay 90% to the government in taxes.

[marble falls]

5. Nationalize them. They never give up.

[rickyhall]

13. But that would be the dreaded SOCIALISM.

IMPOTUS is much more into FASCISM.

[airplaneman]

12. I am with you marble falls - nationalize them have government factories produce the drugs

and distribute at cost.
The CDC intentionally bought the flue vaccine patent and makes the drug for free to distribute.
Otherwise you would be paying $180.00 per shot like the senior flue shot that is privately made.

Real health care.

-Airplane

[Ohiogal]

2. Makes me furious!

[gab13by13]

3. Why do you think the stock market is booming?

[Maxheader]

6. I don't trust the pharm nazis...

Never have...I've heard they won't introduce new improved stuff until their stocks of the old are gone..

[flotsam]

7. "Nearly all of the price increases are below 10% and the median price increase is around 5%"

So ONLY 3 to 6 times the rate of inflation-I guess we're supposed to be grateful?

[MarcA]

8. The swamp drainers actually like death panels. n/t

[Kaiserguy]

9. Let me get this straight

We give them the money to develop the drugs. The people we elect give them big tax cuts and won't lets Medicare/Medicaid negotiate for lower prices. The rest of the world gets to have much lower prices . In exchange for all that the American taxpay does for them, they raise the price of drug all the time and get to enjoy record profits in America. Meanwhile we get the shaft from them. That sure sound like a really great deal for us. So much winning.

[geretogo]

10. I think the CEO's of these drug companies are sociopaths like Trump . Human lives mean

nothing to them except for the money they can rob them of until they die .

[Evolve Dammit]

11. Well said. Total corporate greed disguised as "health care." Blood-sucking pirates.