Politicspolitics

Sat Oct 12, 2019, 01:39 AM

Why the middle class loves President Donald Trump

Prescription drug prices are falling under the Trump administration, according to a new report released by the White House Council of Economic Advisers (CEA).

Multiple media outlets, using different methodologies for measuring changes in prices, have reported that drug prices are increasing

As of September 2019, the Consumer Price Index (CPI) for prescription drugs was down 2.3% over the previous 12 months.

Longer trends show the rate of prescription drug prices increasing at a consistently slower rate since Trump’s inauguration, and then eventually decreasing in December 2018. With one slight exception in July 2013, that was the first time prescription drug prices fell under the CPI since August 1973.

https://dailycaller.com/2019/10/11/white-house-cea-trump-prescription-drug-prices-falling/
https://pbs.twimg.com/media/EGhjDxFXoAAnBMe?format=png&name=small

8 replies, 201 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread

Response to bfox74 (Original post)

Sat Oct 12, 2019, 02:23 AM

1. IF this astounding fact, unnoticed by any of the seniors i know, is true

which of trump's policies do you think is causing prescription prices to fall?

do conservatives believe that lowering prescription prices is a legitimate constitutional role for government?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to rampartb (Reply #1)

Sat Oct 12, 2019, 03:09 AM

2. Wait, I thought everyone was clamoring for government to fix medical prices.

So you were completely against the Affordable Care Act since government should stay out of healthcare?

"...unnoticed by any of the seniors I know..." Suuuuuuuure.... I bet you got out there and polled all the senior you know. This is fact, it's been out there for a couple years. Drug prices are falling.

Trump has done it by doing things such as importing FDA approved generics from Canada, and also eliminating unnecessary regulations from BOcare.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to bfox74 (Reply #2)

Sat Oct 12, 2019, 03:24 AM

3. no, i don't think i said that.

I recognize that prescription drugs are developed and tested at taxpayer expense, on behalf of the consumers.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to rampartb (Reply #3)

Sat Oct 12, 2019, 03:41 AM

4. ...under the supervision of the government - FDA.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to rampartb (Reply #3)

Sat Oct 12, 2019, 04:33 AM

5. several agencies are involved.

all, I assume will eventually be privatized.

why do I envision a for profit center for disease control as a disaster?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to rampartb (Reply #3)

Sat Oct 12, 2019, 05:55 AM

6. Pharma companies pay for the NDA process (New Drug Application)

https://www.fda.gov/drugs/types-applications/new-drug-application-nda

The FDA reviews the NDA once the pharma company submits it, they aren't involved in drug R&D or testing.

Getting a drug to market is incredibly expensive. If you want to pay generic prices for all of your drugs then much new drug development will cease.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to foia (Reply #6)

Sat Oct 12, 2019, 05:58 AM

7. This is exactly right.

Fortunately Trump has taken steps that have resulted in generic drugs being about 8% less expensive since he took office. This is a huge help to those who are able to use generics.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to foia (Reply #6)

Sat Oct 12, 2019, 06:29 AM

8. And the NDA process is just for drugs that the pharma company wants to take to market

A lot of money gets spent on R&D for drugs that never make it to market. If test results aren't adequate or for other reasons a pharma decides not to take a drug to market then the pharma company (and its stockholders) eat that expense.

That's why just looking at manufacturing costs for drugs is disingenuous.

Reply to this post

Back to top Alert abuse Link here Permalink

Politicspolitics