Comments by "" (@jmitterii2) on "Here's Why Drug Prices in the U.S. Are So High" video.

  1. They won't change if we the people of this government, of this country allow it. All other nations from Canada, Germany, France, India, etc. have laws forbidding price gouging and these artificial monopolies by reducing patent length or eliminating them altogether. Additionally, even on generics which often don't save much since competition is in the form of a oligopoly (fewer competitors) they ensure the cost price of production is well known and only allow so much margin for profit. In some instances some countries quite literally operate to produce a particular medicine themselves to ensure it is at cost if no private for profit firm is willing to do so. Profit motive is only useful due to competition, when competition doesn't exist, profit motive is harmful to any economy. And in some sectors like healthcare including hospitals and medicines just as utilities (water, sewer, trash, electricity, telecom, internet) a natural monopoly exist that precludes real competition... thus used to determine regulations such as price controls, and collective ownership and operation to sell at near cost that includes capital expenditures (cost to grow and repair). There's a study in philosophical sciences... oh yes, it's called economics. We discern via competitive market principles... we establish all markets to become more competitive, and when such competitive markets are grossly violated for profit motive is harmful, and collective market provides better prices, quality, and quantity supplied. Solution: 1) Prohibit patent protections all medical items (drugs and appliances). 2) Subsidize full FDA trial studies to biotechs... they can make their money in appropriate profit margin via subsidies to eliminate the risk of failures by being paid for their attempts... instead of trying to come up with a marginal drug, and as a "safe" bet on another erection like pill so they can swiftly sell the patent to big pharma for billions, when they only spent a few million, making orders of magnitude in profits... then big pharma wanting to make a return on an inflated patent purchase. 3) Allow FDA to perform their own trials. 4) Allow FDA to use other countries' own approved medicines backed by their trial cases for early release to the US, so these medicines are quickly and easily available without having to wait for FDA trial studies to complete... still do a trial study in the US to ensure such studies provide similar results as the foreign country... and an easy way to discern another nations' accuracy on their own approval, is if two or more countries have approved a drug with similar trial studies that each country conducted independently..... you know, you use your fucking brain to help discern things. 5)Price restrict drugs like every other functioning wealthy country does. This means using an accounting auditing team to determine the actual cost per unit to then establish max profit, and ensure that information is available to the consumer which includes medical professionals and patient. 6) Eliminate unnecessary prescription requirements on most medicines: only medicines that should be Rx included the following a) high risk of addiction b) Extremely complicated dosing and methods of delivery and/or certain life threatening reaction to other medication. c) Side effect includes mental impairment or that involve mood or psychological changes. d) Risk to over use that may lead to evolution of resistant bacteria; like for antibiotics. All other medicines should be made into over the counter without need of Rx. This reduces barrier to purchase on the demand side, less admin cost on the supply side and would provide more quantity supplied and ability for more quantity demand... easier access. 7) Eliminate private/nonprofit insurance... establish a single payer medicare program covering the entire population residing in the US. Similar to 173 of the recognized 201 countries do... we're the remaining 28 countries that idiotic hasn't discovered or simply doesn't have the power over its aristocracy to enact.
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