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But of a paywall there, can't tell if raw materials and precursors are costing more, or R&D spend is up, or employee wages and salaries have risen. Those are us
by bediger4000 10mo ago
But of a paywall there, can't tell if raw materials and precursors are costing more, or R&D spend is up, or employee wages and salaries have risen. Those are usually the "pressures" on prices. I can't understand what or who might be applying "pressure" to lower prices on oligopolistic pharmaceutical makers.
- dfxm12 10mo agoRueters doesn't show a paywall for me. The source of the pressure described is in the headline though. I'm not sure why OP editorialized it (as it is against hn guidelines): Exclusive: Drugmakers raise US prices on 350 medicines despite pressure from Trump.
- nozzlegear 10mo agoThere's a character limit on the titles you can submit, probably wasn't intentionally editorializing. I assumed from the HN title that the pressure was from the Trump admin just based on the current state of US politics.
- mikestew 10mo agoChar limit is 80, the full title would fit, even with “Exclusive”.
- mystraline 10mo agoI think its obvious: theres a LOT of love for Trump here in VC circles. So anything speaking ill of his laughable policies, EO's, and other garbage is -1'ed or flagged to oblivion.
- dfxm12 10mo agoIf you choose to self censor a headline for fear of getting voted down on news.ycombinator.com, that says as much about you as the -1ers.
- stefan_ 10mo agoIronically the past 6 months now all the political content is just insta dead flagged and removed, the love isn't lost but nobody wants to be the one responsible for defending it. I'm sure Trump pressure will soon bring those 1000% savings on pharmaceuticals, just hold on.
- JumpCrisscross 10mo ago> not sure why OP editorialized it The article is about drug pricing, which is the part I found interesting (and by extension thought we’d find interesting). I thought taking it out both saved space and made the comments less likely to veer into flamebait.
- bediger4000 10mo agoThanks for filling that in. I, too, am interested in this topic, because the oligopolistic market in the US, and the multinational corporations in the oligopoly, cause unusual, counter-intuitive and counter-doctrinal economic results. We're not in a recession or depression, so I was curious about causes of downward pressure on prices.
- mistrial9 10mo agobig Pharma has properties unlike many other business. The R&D is very, very expensive and, income is not directly related to expenses each year. The natural "moat" is such that only a relatively few, giant and wealthy, companies exist over time. ref- The Billion Dollar Molecule
- KumaBear 10mo agoWhy does the US consumer of said medications subsidize many other countries who have access to the same medications for a fraction of the US sticker price?
- showerst 10mo agoIf you pitched a pharma company with the thesis of "We'll charge US customers less and global customers more", what would stop that from working? I can think of a number of things.
- blackbear_ 10mo agoBecause US voters prefer the free market as opposed to government regulation and nationalized healthcare.
- dfxm12 10mo agoCan you provide evidence for the claim? Polling from pew and Gallup suggest this isn't the case.
- mmooss 10mo agoI think surveys show voters prefer the opposite, but certain powers are able to overcome that.
- no_wizard 10mo agoIt is certainly a market, but I wouldn’t call it a free market. Healthcare, like real estate, is a dysfunctional marketplace lacking real competition
- 10mo ago