Trump rolls out a new initiative to cut Prescription drug costs.

Jump to Last Post 1-7 of 7 discussions (19 posts)
  1. Sharlee01 profile image81
    Sharlee01posted 5 years ago

    This past week President Trump laid out his new plan to decrease prescription drug prices for American's. Drug prices have been skyrocketing for many years, it's about time Government got involved, and fought back against huge pharmaceutical companies that have made outrageous profits off the backs of American's.  Once again President Trump is putting American's first.   Would you benefit from lower prescription drug prices?

    1. profile image0
      promisemposted 5 years agoin reply to this

      Isn't government involvement in any prices a major violation of Republican principles about competition and free markets?

      Ronny Gal, a securities analyst at Sanford C. Bernstein & Company, said the president’s speech was “very, very positive to pharma,” and he added, “We have not seen anything about that speech which should concern investors” in the pharmaceutical industry.

      1. Sharlee01 profile image81
        Sharlee01posted 5 years agoin reply to this

        "Isn't government involvement in any prices a major violation of Republican principles about competition and free markets?"

        It is very clear to me anyway that there are now several types of Republican's.  Some prefer to keep old staunch ideals of the far right. Some have moved a bit to the left, due to President Trump. We have witnessed many Republican politicians bucking the Trump agenda, while many seem to be following his path of party change. Just my opinion, but I feel Trump's progressive "time for change" agenda is one of the reasons he won.

        Many believe free markets need tweaking. It's clear it's a good concept, but the trade deals need renegotiating. NAFTA has negotiated 24 years ago, and yes it has worked out well for all involved except the USA. Over the years we have witnessed great imbalances. To complicated to decipher on a Q+A forum. The news reports little on the subject, but NAFTA negotiations have been going on for many months now. And if one digs, they would see they are going well for America.  I guess it's just another 'we will have to wait and see deal".

        In my opinion, we all should be concerned over unfair trade deals, and we should not continue on the same do-nothing path. To answer your question more directly. Government involvement, Democrats, and Republican's passed the NAFTA. bill.  It was actually Reagan that had the original idea to implement this form of trade between nations.  So, I have always felt the bill was bipartisan. And yes it's our government's responsibility as well as all involved nations governments responsibility to participate in renegotiation. As they are presently doing.  I think this the outcome will result in one more feather in Trump's cap...  Just my opinion.

    2. wilderness profile image96
      wildernessposted 5 years agoin reply to this

      No, it won't help me - my total expenditures for a year of prescription drugs in less than $60.

      But I question the "outrageous profits off the backs of Americans".  Generic drug companies are earning about 5.4% profit; that's completely in line with other industries.

      A small handful of major pharmaceuticals can approach 20% in a good year, but there is a reason for that.  "These segments of the pharmaceutical industry have high barriers to entry due to high research and development costs tied to U.S. Food and Drug Administration compliance; these costs can exceed hundreds of millions of dollars."  We typically reward high risk with high profits (when successful, when it's not we reward with massive losses) and there is no reason to except the drug industry from this. … 20671.html

      With such high R&D costs we have to decide "do we want to pay for those drugs, including development costs, or not?"  If we do then we will pay the costs associated with developing them.

      There DOES appear to be some really egregious profit taking from companies buying patents and jacking prices through the stratosphere, but that's a completely different problem

      I haven't seen details on Trump's plan, but will be interested to hear what he thinks.  If it's simply to set price controls so that costs cannot be recovered in a reasonable amount of time, well, I may need a drug one day that never got developed as a result of that kind of short-sightedness.

  2. Sharlee01 profile image81
    Sharlee01posted 5 years ago

    Wilderness, Thank you for your comment. I did read the definition that is available on Trump's plan. It's title  "American Patients First". It's lengthy and gives a good detail of the plan.  It appears the subject was well researched and gives details on why we as American's pay more than many countries for prescription drugs, and how the "plan" will help lower costs.  I am a retired RN, and I can attest that many patients confided in me that they could not afford their medications. Like you, I have been blessed, and do not take any prescription drugs.  I have to add, I spend my winters in Puerto Vallarta Mexico, and I have a yearly list of drugs to pick up for friends.  The medications are ridiculously inexpensive in Mexico.   I hope the presidents "American Patients First" will help bring down prices for those that just can't afford their medications. … sFirst.pdf

    1. wilderness profile image96
      wildernessposted 5 years agoin reply to this

      I got through about half of that link before I gave up.  Just not educated enough in that world to understand it - to me it was mostly buzz words without any meaning.

      But I DID catch that something might be done about the rest of the world riding our coattails in the R&D area - a good thing as they need to pay their share instead of putting it all on the American consumer.

  3. Live to Learn profile image60
    Live to Learnposted 5 years ago

    Since drugs are ridiculously inexpensive in other countries it's clear that America is footing the bill for R&D for the world. I would love to see something done to lower our prices. If that means pricing abroad has to be adjusted to make up the difference, sounds fair to me.

  4. Randy Godwin profile image59
    Randy Godwinposted 5 years ago

    Where were you guys when Obamacare was trying to include a plan where we get needed drugs at the same price other countries were paying? Big Pharma was paying lobbyists a million a day to prevent this from happening and it apparently worked.  Now it's a great idea when Spanky comes up with a similar plan.  lol

    1. Live to Learn profile image60
      Live to Learnposted 5 years agoin reply to this

      LOL. It's a great idea for anyone who can actually get it done. Apparently Obama couldn't since we are still looking for it to get done.

      1. Randy Godwin profile image59
        Randy Godwinposted 5 years agoin reply to this

        See the above post!

        1. Live to Learn profile image60
          Live to Learnposted 5 years agoin reply to this

          The right fought Obama care. Yes. But, although I believe our duty, as compassionate neighbors, is to consider basic health care too important to deny any citizen; I was flabbergasted by the pork barrel orgy of greed we witnessed during those negotiations. I was horrified by the superfluous verbiage in the legislation awarding tax payer dollars to areas in order to buy votes. I was dismayed at the concessions given to the industry. I was not surprised to find that decent coverage within that was completely unaffordable and became more so over time.

          So, you can call apples oranges but please accept that some of us choose to call each by its name and not simply lump them together and insist that since they are both fruit we must deem them equal in all respects.

    2. wilderness profile image96
      wildernessposted 5 years agoin reply to this

      Probably on the side of reason, for the only thing Obama had to offer was price controls.  Controls which would slam shut the door on R&D and any future discoveries.  Which is exactly why the large portion of new drugs comes from the US rather than from other developed countries: they won't but the research with tax money and won't allow enough profit for private industry to do it either.

      1. Randy Godwin profile image59
        Randy Godwinposted 5 years agoin reply to this

        Wrong again, Dan. Obama wanted to get the same deal other countries are now getting but the right fought it tooth and nail. Try again...

        1. wilderness profile image96
          wildernessposted 5 years agoin reply to this

          That's what I said, isn't it?  He would institute price controls so there is not enough profit to support the massive R&D to find new drugs.  That's what "other countries" do, and is why they don't produce many new drugs (compared to the single country of the US).

          Regardless of how much the left pretends research is free, it isn't.  Research can take decades and cost hundreds of millions for a single drug - removing the source of that income just means there won't be anything "new and improved".

          1. Randy Godwin profile image59
            Randy Godwinposted 5 years agoin reply to this

            Not correct, Dan. The other countries have a contract with the drug companies which they agree to purchase certain amounts of the needed drugs. They can do this because they have a National Healthcare program. As far as I know they don't place price controls on the drugs, but do contract their purchase.

            I've heard no one from the left claiming research doesn't cost a lot of money. Don't know where you got that from...

            1. wilderness profile image96
              wildernessposted 5 years agoin reply to this

              LOL  Yes, the government will purchase drugs.  ALL of the drugs that company sells within the country.  At a price the government sets, for if the company disagrees there is no one else to sell to.

              It's a neat way around the price control/socialism thing, isn't it?

  5. Sharlee01 profile image81
    Sharlee01posted 5 years ago

    There is a very big difference. President Trump's plan is not adding any costs to taxpayers.   You would have to check out his plan. He proposes common-sense changes to stop doctors and hospitals from overcharging Medicare and Medicaid.  He is going after large pharmaceutical companies.    It really is an interesting plan. And hopefully, it will help bring the costs down.

      It's not a government give away as Obama proposed.  I certainly support healthcare for those that truly can't afford it. However, I am strongly against any form of Socialized Government programs for all.  I want to have full control over my health care. I don't want Government to have the right to dictate what care I am viable for.   Trump's  44-page blueprint of the plan, entitled American Patients First. … sFirst.pdf

  6. profile image0
    ahorsebackposted 5 years ago

    Many here will continue into the eternities as  anti-Trump , thinking they know what leadership really is -but hating orange hair .     The think they know foreign policy and can't place their own state on a US map .   Know the answers to the economy and never pay their student loans .   Think they know what Mueller knows and don't follow the speed limit  in their own neighborhood.
    Hey , Keep up the sophomoric hate and watch as leadership happens .
    Learn in the end how Obama actually accomplished very little .

  7. profile image0
    ahorsebackposted 5 years ago

    You do not and cannot control the larger part of average health care costs -the prescription drug costs, by invoking mandatory health care on an entire populace .       Trump will simply work to lower prescription drug costs by regulating that one health care item ; prescription drug costs .

    You don't build a city by throwing buildings at the earth , you build a city one brick at a time .   Now this is where "know it alls " will say ......."But that's  more regulations and Trumps supposed to be deregulating America "!   Pharmaceutical  companies are a cancer killing the healthcare industry from inside out ,  what good is knowing what an ailment even  IS if you can't afford the meds ?


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)