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Can the Supreme Court Hike Drug Prices?


US Politics & Gov't  (tags: : Supreme Court, FTC, Drugs, Prescription Medicine, Patent Law, John Roberts, Lobbying, Antonin Scalia, Consumer, Editor's Picks, Technology News, Business News, Politics News )

Judy
- 506 days ago - salon.com
How the industry uses the high court to allow bribery, evade the FDA, and boost medicine prices 5 times their cost.



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Comments

Kit B. (277)
Saturday March 30, 2013, 6:30 pm

Ya just know if Scalia is smiling the rest of us are in deep dark trouble. This article really blew my hair back. I posted a petition about Pharmaceutical Companies just a few days ago and missed this in my research. We need something like a town crier to let us know what is coming before the be-robed ones. As if we aren't screwed enough by the Pharmaceutical companies now this.

"The case falls within a sadly predictable continuum for the Roberts Court, which virtually always sides with the corporate litigant over the government or individual. This time, the arguments in FTC v. Actavis revolve around an insidious tactic common to the nation’s largest drug companies, and known as “pay for delay.” As a result of the likely ruling in this case, drug companies will be able to charge consumers as much as five times the potential cost of their products. And both government regulators and consumers will watch helplessly as pharmaceutical companies bribe generic drug makers to retain their exclusive holds on the lifesaving medicines we all inevitably require.

The first thing to know here is that U.S. pharmaceuticals get a very good deal from the federal government. For every new drug they produce, they get rewarded with long-term patents that grant them exclusive rights to market and sell the product for as much as 20 years – which guarantees them billions in profits and no competitors in the marketplace. Drug companies claim that they must be allowed to profit off of products they nurtured with expensive research and development. In reality, taxpayer-funded research from academia or the National Institutes of Health account for the vast majority of vital drugs brought to market every year, and R&D is a small fraction of the overall drug company budget. What’s more, drug companies routinely use their monopoly power to jack up pharmaceutical prices, which cost far more in the U.S. than anywhere in the world."
 

Patrick Donovan (319)
Saturday March 30, 2013, 7:00 pm
This is theft from us! Why should US citizens pay more for drugs developed in the US than any other country. As pointed out in the article, which by the way is from Salon - not a blog or other easily disparaged news source, the U.S. government pays for the basic research either by grants to universities, colleges, and research centers or by National Institute of Health supported research.

We are being robbed.
 

Craig Zimmerman (86)
Saturday March 30, 2013, 9:41 pm
The Supreme Court is like the Federal Reserve. They both have enormous power and little accountability.
 

Betsy Bee (1042)
Saturday March 30, 2013, 9:50 pm
I wish I was shocked by this out and out theft from us, but, sadly, I am not.
 

Judy C. (106)
Sunday March 31, 2013, 10:33 pm
You guys are all right. I also thought the smiling Scalia was a very bad sign, too Kit. He seems like a sociopath to me. The power of big pharma is extra treacherous, because many people are at their mercy for their very existence and well-being. This practice of "pay for delay" is so blatantly unethical it's a no-brainer that it should be ruled illegal.
 

Lynn D. (0)
Monday April 1, 2013, 1:46 am
Not surprised at all ---pharmaceutical companies are just out for the big bucks and don't care about the drugs at all!
 

Patricia H. (468)
Monday April 1, 2013, 3:00 am
noted
 

Danuta Watola (1191)
Monday April 1, 2013, 3:01 am
noted
 

Fi T. (16)
Monday April 1, 2013, 3:30 am
Hope this works
 

Micheael Kirkbym (85)
Monday April 1, 2013, 4:37 am
Firstly the court should have no business in setting prices although cloaked in judiciary robes as part of a legal decision it is legal. That doesn't mean its ethical. That isn't and shouldn't be the court's mandate. Secondly this smacks of collusion and complicity; a conflict of interest with insider trading implications. The judiciary should not be above the law. They should be prosecutable and accountable for their decisions. Maybe then we wouldn't have so many bad decisions. The court it would appear is bought and paid for in one way or another and justice is truly blind. Of course it's not quite as bad as some of the decisions coming out of the British courts; far left leaning that favors the perpetrator rather than the victim.
 

Past Member (0)
Monday April 1, 2013, 5:31 am
noted
 

paul m. (93)
Monday April 1, 2013, 5:40 am

They control everything...
 

Mike M. (55)
Monday April 1, 2013, 5:42 am
It is all a big game and we are the losers. Seems like the Supreme court has overstepped its boundaries and needs to be trimmed back
 

Joseph Miller (23)
Monday April 1, 2013, 5:48 am
noted
 

John Gregoire (254)
Monday April 1, 2013, 5:51 am
Whether it is marriage, abortion or drugs, the court is way out of bounds in even discussing these cases.
 

Gloria picchetti (286)
Monday April 1, 2013, 6:44 am
No matter what SCOTUS just does what it wants when it feels like it. It's as if we are tied up and our mouths are duct taped. We simple do not count in the eyes of SCOTUS.
 

Kip Mapes (28)
Monday April 1, 2013, 8:03 am
Hmm who made the Great Decitions to put this court into power? Oh yeah GW did...What a legacy
 

Roseann D. (178)
Monday April 1, 2013, 8:23 am
This corrupt Supreme Court believes it's above the law. They should be able to be impeached and kicked off the court for such collusion. Some of these judges should be in jail.
 

Deborah W. (6)
Monday April 1, 2013, 1:41 pm
Easy to see that when enough is enough governments are overthrown.
 

Birgit W. (144)
Monday April 1, 2013, 2:27 pm
Stop all corruptions, please
 

Shirley B. (5)
Monday April 1, 2013, 4:28 pm
Read about this from Alternet this morning. Disgusting! I agree with Roseann D. Scalia is more dangerous than Paul Ryan. He has no business making law.
 

Shirley B. (5)
Monday April 1, 2013, 4:30 pm
Kip, dubbya is the gift that keeps on giving.
 

Lois Jordan (54)
Monday April 1, 2013, 5:12 pm
Our "trickle-down" economy turned into "trickle up" and is now becoming an upward flow due to things like this. It's a relentless attack on all but the wealthiest, who can easily afford any meds they need as they nickel-and-dime the rest of us to death.
I agree with Roseann, too--Scalia & Thomas should've had their robes and gavels removed when they we caught attending ALEC & Koch functions. When Thomas' wife became head of her local Tea Party, (pictured with that crazy hat on her head), and there were articles about her influence--nothing happened. Why not?
 

Twyla Sparks (208)
Monday April 1, 2013, 5:43 pm
please stop this.
 

Sue Matheson (70)
Monday April 1, 2013, 8:52 pm
thanks
 

Val D. (6)
Tuesday April 2, 2013, 12:18 am
thank you
 

Robert O. (12)
Tuesday April 2, 2013, 12:54 am
Thanks Judy.
 

Laurel Rohrer (0)
Tuesday April 2, 2013, 4:21 am
Thank you for the insights.
 

paul m. (93)
Tuesday April 2, 2013, 6:00 am

Only if they have shares or friends in the Drug Companies
 

Jason R. (58)
Tuesday April 2, 2013, 9:56 am
How is it we stand for having a fascist, Moussalinni type making our laws?

Hi Ya'll :)
 

Marcel Elschot (128)
Tuesday April 2, 2013, 12:00 pm
noted
 

Jeremy S. (2)
Tuesday April 2, 2013, 6:47 pm
Has anyone heard the word "Monopoly"? That's what the drug companies have on medicines that allow people to live--and die. Yes, they have the power of life and death as they set their prices. No one should have that power! We need generics. Competition can be a good thing, supply and demand--in prescription drugs as elsewhere!
 

Robert K. (31)
Tuesday April 2, 2013, 8:55 pm
How about having an oversight committee for SCOTUS and when a justice votes for something that harms the public he's hanged on the spot? I have 5 current justices and one retired one in mind. ;o)
 

John S. (300)
Wednesday April 3, 2013, 9:27 am
So, at any point, the generic manufacturer, after the patient expires, can refuse the money and produce the drug? Talk about misplace aggression.
 

Patsy Olive (0)
Wednesday April 3, 2013, 8:43 pm
Noted.
 

cathie S. (151)
Wednesday April 3, 2013, 9:18 pm
noted tyvm
 

Jo S. (489)
Thursday April 4, 2013, 10:28 am
Again I have to say Money, money ,money is all they care about. They don't give a damn about us!
We are all in a very sad situation!
 
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