"Big Pharma" in the eyes of the public is two related but separate issues; 1) the weird employment-insurance-hospital loop that has developed in the US, and the terrible second-order-consequences of all the open-high/settle-low insurer carer system it led to, and 2) the medicine advertisements, and all the terrible consequences thereof. The second one seems like a much easier thing to get rid of using hard government…
There is also a third issue: The high cost of medicines that are low cost to produce, and are sold at low cost elsewhere
Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?
301–310 of 595 posts
Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?
#302How about Big Telecom and Big Fintech and Banking? Or is it simply because the rest did not pay enough to the lobbyists?
If you think Google, apple, Microsoft, and Facebook are evil, then other kinds of business like Pharma, insurance, bank, agriculture are 10x Satan reborn combined.
Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?
#303Earlier quoted context omitted.
The lobbying to: A. Limit medical care to being provided by these people B. Limit number of residencies
"Limit medical care to being provided by these people" Who else would provide this care? This licensure is similar to other professions, like lawyers, and really doesn't take very much lobbying since the majority of the public want oversight of these sorts of professionals. Residencies simply haven't kept pace with medical student numbers. They have gone up though. The main question is "where does the funding come fr…
If people wanted and needed licensure for health, hair cutting, whatever, you'd expect that they would be at the state house. But they're not.
Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?
#304Earlier quoted context omitted.
If I'm having issues I'll call the doctor. I don't need a babysitter.
Some people do though. Imagine someone who just lets this stuff lapse and they are still being regularly prescribed stuff that should have been cancelled 8 years ago.
We don't and we shouldn't require everyone to be nannied just because some people might benefit - they can seek those services on their own if they wish. Requiring someone else's permission to maintain your personal health would be considered just as absurd if it weren't the status quo.
Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?
#305Earlier quoted context omitted.
Is it fscked for physicians and various healthcare professionals (e.g., paid higher wages than other countries with different systems). Is it also fscked for wealthy patients who do not really care about costs.
> Is it fscked for physicians and various healthcare professionals It's an underappreciated point. The US healthcare system is one of the largest wealth transfer systems ever invented. It's a heavily protected cartel that plunders wealth from the top 2/3 and lines the pockets of a few million employees in the system. There is an excess cost bounty of $1.2 trillion (or more) being plundered and redistributed every yea…
There would be some overhead for single payer but it would be much more efficient and simple.
Massive insurance company dissolution might also be an unpopular reality for folks to come to terms with as well though
Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?
#306Earlier quoted context omitted.
I’m not sure what your point is. These contracts between seller and merchant were voluntary. There are other hospitals available should you choose, and if not then you have no one to blame but yourself.
The hospital you end up in is not a free market and usually it's not even a choice. Anyone who who gets in a car accident, falls off a roof, has a heart attack will be lucky to still be conscious when the ambulance picks them up, much less in a state of mind to be considering the relative merits.
Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?
#307"Big Pharma" in the eyes of the public is two related but separate issues; 1) the weird employment-insurance-hospital loop that has developed in the US, and the terrible second-order-consequences of all the open-high/settle-low insurer carer system it led to, and 2) the medicine advertisements, and all the terrible consequences thereof. The second one seems like a much easier thing to get rid of using hard government…
There is also a third issue: The high cost of medicines that are low cost to produce, and are sold at low cost elsewhere
Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?
#308Earlier quoted context omitted.
There is also a third issue: The high cost of medicines that are low cost to produce, and are sold at low cost elsewhere
This one is particularly prickly because the high cost paid in the US funds medical R&D and extremely expensive clinical trials which other countries are free riding on by imposing price controls. We still need to fund the R&D and clinical trials (unless they could be made less expensive somehow), so the most obvious solution would be to have other countries pay their fair share so the US could stop subsidizing every…
Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?
#309Earlier quoted context omitted.
If I'm having issues I'll call the doctor. I don't need a babysitter.
There are definitely doctors who will space it out if you’re stable or do a phone refill
Re: Biden launches action on "Big Tech, Big Pharma, and Big Ag" – can it be real?
#310Direct link to the executive order (it's in the article, but might as well put here): https://www.whitehouse.gov/briefing-room/presidential-action...
https://www.whitehouse.gov/briefing-room/statements-releases...
In the Order, the President:
* Encourages the FTC to ban or limit non-compete agreements.
* Encourages the FTC to ban unnecessary occupational licensing restrictions that impede economic mobility.
* Encourages the FTC and DOJ to strengthen antitrust guidance to prevent employers from collaborating to suppress wages or reduce benefits by sharing wage and benefit information with one another.
* Directs the Food and Drug Administration to work with states and tribes to safely import prescription drugs from Canada, pursuant to the Medicare Modernization Act of 2003.
* Directs the Health and Human Services Administration (HHS) to increase support for generic and biosimilar drugs, which provide low-cost options for patients.
* Directs HHS to issue a comprehensive plan within 45 days to combat high prescription drug prices and price gouging.
* Encourages the FTC to ban “pay for delay” and similar agreements by rule.
* Directs HHS to consider issuing proposed rules within 120 days for allowing hearing aids to be sold over the counter.
* Underscores that hospital mergers can be harmful to patients and encourages the Justice Department and FTC to review and revise their merger guidelines to ensure patients are not harmed by such mergers.
* Directs HHS to support existing hospital price transparency rules and to finish implementing bipartisan federal legislation to address surprise hospital billing.
* Directs HHS to standardize plan options in the National Health Insurance Marketplace so people can comparison shop more easily.
* Directs the DOT to consider issuing clear rules requiring the refund of fees when baggage is delayed or when service isn’t actually provided—like when the plane’s WiFi or in-flight entertainment system is broken.
* Directs the DOT to consider issuing rules that require baggage, change, and cancellation fees to be clearly disclosed to the customer.
* Encourages the Surface Transportation Board to require railroad track owners to provide rights of way to passenger rail and to strengthen their obligations to treat other freight companies fairly.
* Encourages the Federal Maritime Commission to ensure vigorous enforcement against shippers charging American exporters exorbitant charges.
* Directs USDA to consider issuing new rules under the Packers and Stockyards Act making it easier for farmers to bring and win claims, stopping chicken processors from exploiting and underpaying chicken farmers, and adopting anti-retaliation protections for farmers who speak out about bad practices.
* Directs USDA to consider issuing new rules defining when meat can bear “Product of USA” labels, so that consumers have accurate, transparent labels that enable them to choose products made here.
* Directs USDA to develop a plan to increase opportunities for farmers to access markets and receive a fair return, including supporting alternative food distribution systems like farmers markets and developing standards and labels so that consumers can choose to buy products that treat farmers fairly.
* Encourages the FTC to limit powerful equipment manufacturers from restricting people’s ability to use independent repair shops or do DIY repairs—such as when tractor companies block farmers from repairing their own tractors.
* Encourages the FTC to prevent ISPs from making deals with landlords that limit tenants’ choices.
* Encourages the FTC to revive the “Broadband Nutrition Label” and require providers to report prices and subscription rates to the FCC.
* Encourages the FTC to limit excessive early termination fees.
* Encourages the FTC to restore Net Neutrality rules undone by the prior administration.
* Announces an Administration policy of greater scrutiny of mergers, especially by dominant internet platforms, with particular attention to the acquisition of nascent competitors, serial mergers, the accumulation of data, competition by “free” products, and the effect on user privacy.
* Encourages the FTC to establish rules on surveillance and the accumulation of data.
* Encourages the FTC to establish rules barring unfair methods of competition on internet marketplaces.
* Encourages the FTC to issue rules against anticompetitive restrictions on using independent repair shops or doing DIY repairs of your own devices and equipment.
* Encourages DOJ and the agencies responsible for banking (the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency) to update guidelines on banking mergers to provide more robust scrutiny of mergers.
* Encourages the Consumer Financial Protection Bureau (CFPB) to issue rules allowing customers to download their banking data and take it with them.