Cutting Drug Prices? What You Need To Know

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On WhatsAhead, Steve warns putting price controls on prescription drugs would be a mistake - potentially dissuading companies from investing in R&D

Steve Forbes is Chairman and Editor-in-Chief of Forbes Media. Steve’s newest project is the podcast “What’s Ahead,” where he engages the world’s top newsmakers,Steve Forbes is Chairman and Editor-in-Chief of Forbes Media.

Reviving America: How Repealing Obamacare, Replacing the Tax Code and Reforming The Fed will Restore Hope and Prosperity co-authored by Elizabeth Ames . Steve writes editorials for each issue of Forbes under the heading of “Fact and Comment.” A widely respected economic prognosticator, he is the only writer to have won the highly prestigious Crystal Owl Award four times. The prize was formerly given by U.S. Steel Corporation to the financial journalist whose economic forecasts for the coming year proved most accurate.

Source: News Formal (newsformal.com)

 

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hey everyone this relic from 1920 said companies wont invest anymore to make money anymore. damn. free markets over. must be why its called little pharma with big morons still spouting this junk in 2020.

Why does every country in the world have prices much, much, much lower than U.S.

hogwash Americans have to travel to Mexico or Canada to get cheap drugs

Why should America bear the costs of R&D. Every other country in the world has affordable prescription costs. In America, it could be a choice of getting vital meds or eating. Our elder and poverty level citizens should not be the victims of this deplorable practice.

All medicine should be FREE.

forbes = funded by big pharma... grainofsalt

We produce meds sold far cheaper in other countries. Remember when they tried to ban Canadian imports? When senior citizens drove by bus across the border to get their medications cheaper? We have marketing teams who meet to specifically make pkging culturally appropriate.

Government subsidies. They do it with the airlines. Not too hard to figure this out.

Esp with TraitorTrump cutting insurance, economy, they'll lose $$ when people don't have ins & die. I know one woman who can't get her meds because her copayment is $349. Has one reporter looked into the amount of money that is given in tax breaks, grants, and insider trading?

He's right ...

What's the point of R&D to create new medications if no one can afford them? Wait...it's almost as if...as if...they don't actually care about saving lives...

Yawn. Same old shit. Stay focused. ROI ONLY, FUCK THE PATIENTS.

This being Twitter, this opinion won't be well-received. It might be ignored though because, well, you know, algorithm.

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