Connect with us

NEWS

After Rising Prices 6,000%, Pharma CEOs Fear Americans Will Get ‘Fed Up’ And Embrace Sander’s Single Payer Plan

Published

on

It’s déjà vu all over again. A drug company has brought a drug that has been available as a generic elsewhere in the world for decades at a shockingly inflated price.

This time, the drug is a steroid called deflazacort, which has been approved for treating kids with Duchenne muscular dystrophy. It has fewer side effects than existing steroids, and many patients have been getting it from Europe or Canada at a price between $1,000 or $2,000 a year.

Yet, according to Forbes, a pharmaceutical company in Deerfield, Ill., has gotten approval from the U.S. Food and Drug Administration to sell deflazacort at an incredibly high price. The company, Marathon Pharmaceuticals, is charging a list price of $89,000 – a 6,000% price increase.

But big pharma CEOs are facing a time of reckoning and are worried that Americans will say “enough is enough” and embrace Bernie Sander’s single-payer health care plan.

As reported by The Intercept, the chief executive of Allergan, one of the largest pharmaceutical firms in the world, is concerned that Americans will become fed up and, in an era of increasing political polarization, come to embrace the single-payer health care plan being unveiled Wednesday by Sen. Bernie Sanders, I-Vt.

The CEO, Brent Saunders, shared his concerns last weekend at the Wells Fargo Healthcare Conference in Boston, a gathering for investors and major pharmaceutical and biotech firms.

“Americans have lost trust in drug companies,” Saunders said, noting the industry consistently ranks lower than oil and tobacco companies in public trust surveys.

“I think we’ve got to do things to bring that trust back,” the executive added. “Because ultimately, someone’s going to be in the White House. Somebody’s going to be in Congress. Someone’s going to be somewhere and going to have to say, ‘Enough’s enough. Let’s just change the whole system. Let’s go to one payer. Let’s do something.’”

While single payer has been discarded as a far-left idea in the last decades, the policy proposal has gained new traction in the wake of the 2016 presidential election. Many in the Democratic Party are drifting to the ideas of Sanders and other progressives who have long advocated for expanding coverage by providing Medicare to all Americans.

While serious questions linger about the political viability of single payer, especially for the immediate future under President Donald Trump and a Republican Congress, the center of gravity within the Democratic Party has shifted dramatically in favor the universal Medicare plan that health care executives fear.

Click to comment

NEWS

If You Thought Kamala Harris Was Tough On Brett Kavanaugh, Just Wait Until She Debates Mike Pence

Published

on

Democratic presidential nominee Joe Biden on Tuesday selected Senator Kamala Harris (D-Calif.) as his running mate. Following the news of Biden’s selection, MSNBC anchor Nicolle Wallace called into her network while on vacation to point out that Harris will mop the floor with Vice President Mike Pence during debates.

“The other piece of reporting I’ve picked up in the past week was from the Trump team, that from their viewpoint, because Donald Trump has no capacity to understand that this is the selection of a person to run the government with the president, he only saw this in terms of casting for the night of primetime coverage that is the vice presidential debate, and this was the pick that scared them the most,” Wallace told MSNBC’s Brian Williams.

“They thought she would more than go toe-to-toe with [Mike] Pence, they thought she could chew him up and spit him out and pointed to her cross-examination of one Bill Barr,” she explained.

“I don’t know that there’s a better debater or questioner on the political field right now,” Wallace said. Her skill-set is unmatched in terms much being able to articulate an argument, to patiently wait to make her point and look at the argument that the democratic ticket has to make.”

Take a look at the video clip below:

RELATED: Don Jr’s Attack On Kamala Harris Just Backfired

Continue Reading
Advertisement