Elizabeth Warren: It’s time to let the government manufacture generic drugs

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    • #1957
      • Total Posts: 8,843

      Forty-seven states and the Justice Department are investigating a price-fixing conspiracy that’s driving up the cost of generic drugs in the United States. One investigator called it “most likely the largest cartel in the history of the United States.” This crisis calls for action. That is why I’m introducing legislation to authorize the public manufacture of generic drugs wherever drug companies have warped markets to drive up prices.

      Drug companies use the “free market” as a shield against any effort to reduce prices for families. But they’re not operating in a free market; they’re operating in a market that’s rigged to line their pockets and limit competition. The entire pharmaceutical industry in reality runs on government-granted monopolies, mostly in the form of long-term patent protections.

      This system, intended to compensate drug companies for innovation costs, should be closely scrutinized. One of its few remaining virtues is supposed to be that when these exclusive monopolies run out, market competition kicks in to produce cheap, generic versions for consumers. Sounds great — but it isn’t working.

      Antibiotics, steroids, heart medications, thyroid pills — nearly 90 percent of American prescriptions are written for generics. But the generic drug market is fundamentally broken.


    • #1962
      NV Wino
      • Total Posts: 9,548

      Do we trust this government to manufacture generic drugs? 🧪

      “As we act, let us not become the evil that we deplore.” Barbara Lee
      “Politicians and pro athletes: The only people who still get paid when they lose.” William Rivers Pitt

    • #2245
      • Total Posts: 6,358

      Cheaper, better quality…what’s not to like?

      “Never argue with a fool, onlookers may not be able to tell the difference.”
      ~Samuel Clemens

      • #2246
        • Total Posts: 4,574

        My main concern would be being deliberately poisoned. Our government seems to enjoy using us, the peasants, as guinea pigs. I don’t trust it as far as I can throw it…plus, the FDA is corrupt as hell … completely bought and paid for.

        No thanks, Liz!

      • #2248
        retired liberal
        • Total Posts: 5,107

        They are not even repackage for Canada.

        If we did not have such a corrupt, bought and paid for government, we could have real health care, i.e., Single Payer, with reasonable cost drugs and medical devices.
        “Your Money, or Your Life” health care businesses, would be prison sentences for the CEO’s and board members.

        We are an arrogant species, believing our fantasy based "facts" are better than the other person's fake facts.
        If Row vs. Wade is overturned, women could lose the right to not get pregnant in 26 states.
        The Republicans are four year olds. The Democrats are six year olds. There are no grownups.
        Normalizing insanity has been the conservative's sweet spot at very least since the beginning..

    • #2265
      • Total Posts: 1,905

      If health is a human right then it should not be in the hands of someone who can deny it. Either nationalize it or assume absolute regulatory power, and the later only works because of the threat of nationalization.

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