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(CNBC)   Pfizer's CEO says Donnie's executive orders overhauling U.S. drug pricing will cause 'enormous destruction.' Good luck Hamptons real estate agents, yacht builders, golf club pros, personal chefs, and high-end hookers   (cnbc.com) divider line
    More: Obvious, Pharmacology, Biotechnology, Donald Trump, President Donald Trump'sexecutive orders, U.S. prescription drug costs, Medical prescription, Pharmaceutical industry, Pfizer CEOAlbert Bourla  
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641 clicks; posted to Business » on 28 Jul 2020 at 12:00 PM (12 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



33 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2020-07-28 12:30:08 PM  
How will it compare to millions of Americans addicted to heroin?
 
2020-07-28 12:34:31 PM  
This seems...uncharacteristically egalitarian...and totally out of character for Donnie.
He never thinks of anyone but himself...and how he can profit from his actions.

Waiting for the other shoe to drop before saying this is a good thing.
 
2020-07-28 12:35:21 PM  
I'm conflicted.  I don't trust any deal Trump touches with his piggy fingers to not screw over the main public, but at the same time it sounds like it's bad for the price gouging pharmaceuticals.  Someone tell me what I'm supposed to think here!

/probably some major loopholes that do the opposite of what they claim it's intended
 
2020-07-28 12:36:10 PM  
I don't believe Trump would cause any harm to them. Not for one second.
 
2020-07-28 12:39:24 PM  

NewportBarGuy: I don't believe Trump would cause any harm to them. Not for one second.


Well, the mental harm of high end hookers and mushrooms come to mind.

But I guess they are well paid to take that risk
 
2020-07-28 12:40:23 PM  
Completely off topic. If I ever somehow became wealthy, a personal chef would be my first domestic hire.
 
2020-07-28 12:40:39 PM  

Truck Fump: This seems...uncharacteristically egalitarian...and totally out of character for Donnie.
He never thinks of anyone but himself...and how he can profit from his actions.

Waiting for the other shoe to drop before saying this is a good thing.


Its an election year. He needs votes. This is how he gets them from his older voters. Its completely self-serving
 
2020-07-28 12:41:59 PM  
I can't imagine how he would make an effective change to national drug pricing by hereby declaring.
 
2020-07-28 12:44:52 PM  
Pfizer's stock is up 4% today. I call bullsh*t.
 
2020-07-28 12:46:10 PM  

ArkPanda: I can't imagine how he would make an effective change to national drug pricing by hereby declaring.


cman: Its an election year. He needs votes. This is how he gets them from his older voters. Its completely self-serving


Trump does nothing that isn't self-serving.
 
2020-07-28 12:49:54 PM  
I can't imagine any of these things surviving any legal challenges, but by then the election will be over anyway.

Didn't Democrats try to allow medicare/medicaid to negotiate lower drug prices?

It's like a first step towards limiting how much profit medical providers can make.  I can't believe anyone in congress would allow that.
 
2020-07-28 12:57:46 PM  
Suddenly, Pharma Drama Theatre.
 
2020-07-28 1:02:22 PM  
1. Can an EO actually impact drug prices?
2. If an EO can impact drug prices, why has every single president punted on it until now?
 
2020-07-28 1:02:47 PM  

Truck Fump: This seems...uncharacteristically egalitarian...and totally out of character for Donnie.
He never thinks of anyone but himself...and how he can profit from his actions.

Waiting for the other shoe to drop before saying this is a good thing.


If I remember correctly one of the first things he went after when he got into office was the drug companies and over prescribing addictive pain meds.

But I don't walk around with anger that blinds me
 
2020-07-28 1:14:17 PM  
I'm very suspicious of Trump wanting more affordable medication.
 
2020-07-28 1:24:10 PM  

Random Anonymous Blackmail: Truck Fump: This seems...uncharacteristically egalitarian...and totally out of character for Donnie.
He never thinks of anyone but himself...and how he can profit from his actions.

Waiting for the other shoe to drop before saying this is a good thing.

If I remember correctly one of the first things he went after when he got into office was the drug companies and over prescribing addictive pain meds.

But I don't walk around with anger that blinds me


Yeah, he's only wrong and/or evil like 98% of the time.  Let's laser focus on that 2%.
 
2020-07-28 1:25:44 PM  

Random Anonymous Blackmail: Truck Fump: This seems...uncharacteristically egalitarian...and totally out of character for Donnie.
He never thinks of anyone but himself...and how he can profit from his actions.

Waiting for the other shoe to drop before saying this is a good thing.

If I remember correctly one of the first things he went after when he got into office was the drug companies and over prescribing addictive pain meds.

But I don't walk around with anger that blinds me


Oh yeah I too remember how he solved the opiod crisis after being elected, it was the first of many great achievements he made in the alternate reality earth. Shame Hitler was ressurected by a secret north korean robotics lab and took over Asia as Mecha Hitler. We had to shut that alternate reality down and go back to the one where trump did nothing about the opiod crisis instead.
 
2020-07-28 1:32:16 PM  

Marcos P: I'm very suspicious of Trump wanting more affordable medication.


First one's free.  Share it with your friends.
 
2020-07-28 1:58:20 PM  

ZMugg: ArkPanda: I can't imagine how he would make an effective change to national drug pricing by hereby declaring.

cman: Its an election year. He needs votes. This is how he gets them from his older voters. Its completely self-serving

Trump does nothing that isn't self-serving.


Applies to most politicians, even if Trump is an "outsider" politician.  All of them, probably, but sometimes we manage to get good things out of it.  I'll take whatever good we can get from Trump, but I'll still keep my anus shield in place while he's around.

Anyway, if someone has to pay for all this pharma research and development, why does it have to be us?  The US us?  Nah, our drug costs are way out of line compared to most (all?) other countries and our laws against negotiating drug prices for Medicare is a big part of the problem.  Yes, drug research is expensive.  No, it is not THAT expensive!
 
2020-07-28 2:10:43 PM  

HotWingConspiracy: 1. Can an EO actually impact drug prices?
2. If an EO can impact drug prices, why has every single president punted on it until now?


I'm out of my depth on this, but Obama (for example) got a lot of public and, especially, political pushback for "exceeding" executive authority.

Trump, beginning with the GOP in both houses, got the nod for "appropriate" use of excessive executive authority.  So my guess is if you act like you have more power and certain people let you act that way while playing like it's right... then you actually have that power.
 
2020-07-28 2:20:54 PM  
What would probably happen is that makers of these drugs in America will move to other drugs and there will be shortages, which will be solved by reducing more regulations to allow other countries to import supplies.

Win
Win

Unless the other countries are like China.
 
2020-07-28 2:46:41 PM  

American-Irish eyes: What would probably happen is that makers of these drugs in America will move to other drugs and there will be shortages, which will be solved by reducing more regulations to allow other countries to import supplies.

Win
Win

Unless the other countries are like China.


The vast majority of raw materials for our drugs are coming from China now.
 
2020-07-28 2:54:56 PM  

SansNeural: ZMugg: ArkPanda: I can't imagine how he would make an effective change to national drug pricing by hereby declaring.

cman: Its an election year. He needs votes. This is how he gets them from his older voters. Its completely self-serving

Trump does nothing that isn't self-serving.

Applies to most politicians, even if Trump is an "outsider" politician.  All of them, probably, but sometimes we manage to get good things out of it.  I'll take whatever good we can get from Trump, but I'll still keep my anus shield in place while he's around.


Fark user imageView Full Size


/so sorry
 
2020-07-28 3:18:23 PM  
Why wouldn't he do this? At least where I live the majority of his base are uninsured or insured but low wage workers. Makes it hard to vote when the doctor takes your foot but you can't afford a cane, crutches or a new foot
 
2020-07-28 3:53:35 PM  
So the drug companies will jack up prices in other countries to make up the difference?
 
2020-07-28 3:56:44 PM  

jso2897: American-Irish eyes: What would probably happen is that makers of these drugs in America will move to other drugs and there will be shortages, which will be solved by reducing more regulations to allow other countries to import supplies.

Win
Win

Unless the other countries are like China.

The vast majority of raw materials for our drugs are coming from China now.


Yep, so we are stuck between drug executives that can't see past their nose and a tyrannical party.
 
2020-07-28 4:42:36 PM  

American-Irish eyes: jso2897: American-Irish eyes: What would probably happen is that makers of these drugs in America will move to other drugs and there will be shortages, which will be solved by reducing more regulations to allow other countries to import supplies.

Win
Win

Unless the other countries are like China.

The vast majority of raw materials for our drugs are coming from China now.


...and if *that* doesn't help you sleep well at night...

(pass the melamine, please?)
 
2020-07-28 4:55:35 PM  
Does that mean the high-end hookers will drop their prices?
 
2020-07-28 7:46:22 PM  

Random Anonymous Blackmail: Truck Fump: This seems...uncharacteristically egalitarian...and totally out of character for Donnie.
He never thinks of anyone but himself...and how he can profit from his actions.

Waiting for the other shoe to drop before saying this is a good thing.

If I remember correctly one of the first things he went after when he got into office was the drug companies and over prescribing addictive pain meds.

But I don't walk around with anger that blinds me


He said he was going to push legislation which approached price fixing. Did that legislation ever exist? It certainly was ever passed.
 
2020-07-28 7:47:07 PM  

Moopy Mac: Random Anonymous Blackmail: Truck Fump: This seems...uncharacteristically egalitarian...and totally out of character for Donnie.
He never thinks of anyone but himself...and how he can profit from his actions.

Waiting for the other shoe to drop before saying this is a good thing.

If I remember correctly one of the first things he went after when he got into office was the drug companies and over prescribing addictive pain meds.

But I don't walk around with anger that blinds me

He said he was going to push legislation which approached price fixing. Did that legislation ever exist? It certainly was ever passed.


Wasn't ever passed
 
2020-07-28 8:26:21 PM  
Drug companies complaining is hardly evidence that the EO (which aren't even entirely public yet are they?) will actually hurt their profits or improve drug affordability. They're going to flail and scream like a European soccer player for very similar reasons.
 
2020-07-29 12:18:00 AM  
The Face of Evil. Everyone cracks on Zuckerberg, Musk and Gates all the time, but this guy's greed affects the health of millions of people around the world and he just doesn't give a Fark.

Fark user imageView Full Size
 
2020-07-29 10:39:15 AM  

Random Anonymous Blackmail: Truck Fump: This seems...uncharacteristically egalitarian...and totally out of character for Donnie.
He never thinks of anyone but himself...and how he can profit from his actions.

Waiting for the other shoe to drop before saying this is a good thing.

If I remember correctly one of the first things he went after when he got into office was the drug companies and over prescribing addictive pain meds.

But I don't walk around with anger that blinds me


Any luck finding this piece of legislation?
 
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