4 ms·

> "We have hard evidence that shows the generic drug industry perpetrated a multi-billion dollar fraud on the American people,"... So, force them to reset pric

> "We have hard evidence that shows the generic drug industry perpetrated a multi-billion dollar fraud on the American people,"... So, force them to reset prices. Don't slap them on the wrists with easily paid fines. Make them reset prices.

otikik 7y ago
And put some people behind bars as well.
- cies 7y ago
  But that's not how capitalism works! Are you a commie? /s
  - bobblywobbles 7y ago
    Not sure if you are being serious or not. Inflating or price-fixing medicine that is ESSENTIAL to human life is not moral. It causes people to die because they can't afford it. To the common response of "they just need to save more" is not fair to ask. That's saying the generic you pay $30 is now $330.
    - cornstalks 7y ago
      > Not sure if you are being serious or not. /s indicates sarcasm.
    - koolba 7y ago
      > Inflating or price-fixing medicine that is ESSENTIAL to human life is not moral. It causes people to die because they can't afford it. "Inflating" the price of something beyond the cost of production is how you make a profit. Pharma companies are not charities and there's no reason to expect them to not try to make a profit. The morality of charging money for health services is subjective. Now "price-fixing" is a different ballpark altogether. That's specifically illegal and rightly so in a capitalistic system as competition is what we're counting on to reduce prices. If they created a cartel to inflate the prices of generics then the companies should be punitively fined and the responsible executives who should be prosecuted.
      - ordu 7y ago
        > Pharma companies are not charities and there's no reason to expect them to not try to make a profit. It is nothing wrong to make a profit. It is a right thing to make a profit. But to make a profit by amoral means is wrong. > The morality of charging money for health services is subjective. It doesn't mean that we shouldn't take it into a consideration. Law enforcement might have trouble to deal with a subjective assessments, but we are not the law. At the same time, I think we can agree on the amorality of the discussed practices, so it is not so subjective as it may seem. Moreover I believe that pharma might agree with us, if it stops for a second to think about morality, not just about profits.
  - ptah 7y ago
    "yay capitalism" - austin powers
  - otikik 7y ago
    Capitalism is competition. Cartels are just crime.
jonhendry18 7y ago
Any fines should be per-share. Like $10 per share or whatever. That's the only way a fine is going to make any difference.

otikik 7y ago

And put some people behind bars as well.

cies 7y ago
But that's not how capitalism works! Are you a commie? /s
- bobblywobbles 7y ago
  Not sure if you are being serious or not. Inflating or price-fixing medicine that is ESSENTIAL to human life is not moral. It causes people to die because they can't afford it. To the common response of "they just need to save more" is not fair to ask. That's saying the generic you pay $30 is now $330.
  - cornstalks 7y ago
    > Not sure if you are being serious or not. /s indicates sarcasm.
  - koolba 7y ago
    > Inflating or price-fixing medicine that is ESSENTIAL to human life is not moral. It causes people to die because they can't afford it. "Inflating" the price of something beyond the cost of production is how you make a profit. Pharma companies are not charities and there's no reason to expect them to not try to make a profit. The morality of charging money for health services is subjective. Now "price-fixing" is a different ballpark altogether. That's specifically illegal and rightly so in a capitalistic system as competition is what we're counting on to reduce prices. If they created a cartel to inflate the prices of generics then the companies should be punitively fined and the responsible executives who should be prosecuted.
    - ordu 7y ago
      > Pharma companies are not charities and there's no reason to expect them to not try to make a profit. It is nothing wrong to make a profit. It is a right thing to make a profit. But to make a profit by amoral means is wrong. > The morality of charging money for health services is subjective. It doesn't mean that we shouldn't take it into a consideration. Law enforcement might have trouble to deal with a subjective assessments, but we are not the law. At the same time, I think we can agree on the amorality of the discussed practices, so it is not so subjective as it may seem. Moreover I believe that pharma might agree with us, if it stops for a second to think about morality, not just about profits.
- ptah 7y ago
  "yay capitalism" - austin powers
- otikik 7y ago
  Capitalism is competition. Cartels are just crime.

jonhendry18 7y ago

Any fines should be per-share. Like $10 per share or whatever. That's the only way a fine is going to make any difference.