Sorry I'm kind of dissociated and my vocab crashes during that can you explain the Biden drug thing in just. Shorter simple sentences.
Sure! You're not the only one who's mentioned being unclear on what it means either, and I'm happy to help
(Context for anyone else: US Sets Policy to Seize Patents of Government-Funded Drugs if Price Deemed Too High, via Good News Network, December 11, 2023)
From the very basics:
When drug companies create new drugs, they get a legal protection called a "patent." The patent means no one else can make or sell the same drug for whatever number of years.
Usually, this is about 10 years after the drug starts being sold to the public.
So, for those years, that one drug company is the only source of whatever medication. And since people need their medication, drug companies can charge however much money they want.
Meaning a lot of drugs that people need to live cost way too much money to buy.
So, with this, Biden told drug companies "Fuck you, if you keep making medicine too $$$ for people to afford, I'm giving your competition the right to make and sell those drugs too."
The US has never done anything like this before.
This is a huge threat to the whole (awful) drug industry in the US. It will save people thousands of dollars. If he does this, it will save lives.
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Edit 12/17/23: Quick note, as people have said in the notes, this only applies to drugs made in part using taxpayer money. Which is! Literally all of them!
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“in those moment alone, as my fingers trace freckles from cheek to collarbone, or as i watch the way starlight dances across skin, i marvel at how one can feel such intimacy, but also such great distance.”
colin really said yeah sex is great and all but what about love? what about yearning? what about feeling someones soul? what about looking into the eyes of someone and feeling seen, like you’re home. ahhh!!!
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I love that bkdk is actually everything, like it’s sunshine x grumpy, then it’s rule breaker x rule follower BUT REVERSED, it’s sun and moon but not who you think, it’s apology in the rain, dramatic rescue missions, hospital scenes, targeted by villains for being too close, knowing the other better than anyone else, rivals that forever chase each other—
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A big cost and concern for many seniors in the U.S. is the price of prescription drugs and other healthcare expenses—and this year, thanks to The Inflation Reduction Act, their costs may go down dramatically, especially for patients fighting cancer or heart disease.
I learned about the new benefits because my ‘Medicare birthday’ is coming up in a couple months when I turn 65. I was shocked that there were so many positive changes being made, which I never heard about on the news.
Thousands of Americans on Medicare have been paying more than $14,000 a year for blood cancer drugs, more than $10,000 a year for ovarian cancer drugs, and more than $9,000 a year for breast cancer drugs, for instance.
That all changed beginning in 2023, after the Biden administration capped out-of-pocket prescriptions at $3,500—no matter what drugs were needed. And this year, in 2024, the cap for all Medicare out-of-pocket prescriptions went down to a maximum of $2,000.
“The American people won, and Big Pharma lost,” said President Biden in September 2022, after the legislation passed. “It’s going to be a godsend to many families.”
Another crucial medical necessity, the shingles vaccine, which many seniors skip because of the cost, is now free. Shingles is a painful rash with blisters, that can be followed by chronic pain, and other complications, for which there is no cure
In 2022, more than 2 million seniors paid between $100 and $200 for that vaccine, but starting last year, Medicare prescription drug plans dropped the cost for shots down to zero.
Another victory for consumers over Big Pharma affects anyone of any age who struggles with diabetes. The cost of life-saving insulin was capped at $35 a month [for people on Medicare].
Medicare is also lowering the costs of the premium for Part B—which covers outpatient visits to your doctors. 15 million Americans will save an average of $800 per year on health insurance costs, according to the US Department of Health and Human Services.
Last year, for the first time in history, Medicare began using the leverage power of its large patient pool to negotiate fair prices for drugs. Medicare is no longer accepting whatever drug prices that pharmaceutical companies demand.
Negotiations began on ten of the most widely used and expensive drugs.
Among the ten drugs selected for Medicare drug price negotiation were Eliquis, used by 3.7 million Americans and Jardiance and Xarelto, each used by over a million people. The ten drugs account for the highest total spending in Medicare Part D prescription plans...
How are all these cost-savings being paid for?
The government is able to pay for these benefits by making sure the biggest corporations in America are paying their fair share of federal taxes.
In 2020, for instance, dozens of American companies on the Fortune 500 list who made $40 billion in profit paid zero in federal taxes.
Starting in 2023, U.S. corporations are required to pay a minimum corporate tax of 15 percent. The Inflation Reduction Act created the CAMT, which imposed the 15% minimum tax on the adjusted financial statement income of any corporation with average income that exceeds $1 billion.
For years, Americans have decried the rising costs of health care—but in the last three years, there are plenty of positive developments.
-via Good News Network, February 25, 2024
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"The Biden Administration last week [early December, 2023] announced it would be seizing patents for drugs and drug manufacturing procedures developed using government money.
A draft of the new law, seen by Reuters, said that the government will consider various factors including whether a medical situation is leading to increased prices of the drug at any given time, or whether only a small section of Americans can afford it.
The new executive order is the first exercise in what is called “march-in-rights” which allows relevant government agencies to redistribute patents if they were generated under government funding. The NIH has long maintained march-in-rights, but previous directors have been unwilling to use them, fearing consequences.
“We’ll make it clear that when drug companies won’t sell taxpayer funded drugs at reasonable prices, we will be prepared to allow other companies to provide those drugs for less,” White House adviser Lael Brainard said on a press call.
But just how much taxpayer money is going toward funding drugs? A research paper from the Insitute for New Economic Thought showed that “NIH funding contributed to research associated with every new drug approved from 2010-2019, totaling $230 billion.”
The authors of the paper continue, writing “NIH funding also produced 22 thousand patents, which provided marketing exclusivity for 27 (8.6%) of the drugs approved [between] 2010-2019.”
How we do drug discovery and production in America has a number of fundamental flaws that have created problems in the health service industry.
It costs billions of dollars and sometimes as many as 5 to 10 years to bring a drug to market in the US, which means that only companies with massive financial muscle can do so with any regularity, and that smaller, more innovative companies can’t compete with these pharma giants.
This also means that if a company can’t recoup that loss, a single failed drug can result in massive disruptions to business. To protect themselves, pharmaceutical companies establish piles of patents on drugs and drug manufacturing procedures. Especially if the drug in question treats a rare or obscure disease, these patents essentially ensure the company has monoselective pricing regimes.
However, if a company can convince the NIH that a particular drug should be considered a public health priority, they can be almost entirely funded by the government, as the research paper showed.
Some market participants, in this case the famous billionaire investor Mark Cuban, have attempted to remedy the issue of drug costs in America by manufacturing generic versions of patented drugs sold for common diseases."
-via Good News Network, December 11, 2023
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saw ur eye horror post & wanted to share that my optometrist is a beautiful middle aged woman who specializes in family optometry. i'm a 25 year old mildly masochistic lesbian extremely scared of anyone or anything touching or hurting my eyes on top of a serious medical phobia. she speaks to me very kindly and slightly condescendingly throughout every procedure, like i am a feral kitten. i walk out of every appointment very confused emotionally and sexually
this is the first thing that has made me want to schedule an eye test in years
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we gotta figure out the prescription bottle recycling thing man I get like 12 of them every month and it's an enormous amount of single use plastic that is going directly into landfills and the ocean. there's zero reason for pharmacies not to have empty bottle dropoffs, it's dry storage and easy to clean. one problem is plastic gets micro scratches and dings in it that make it difficult or impossible to sanitize to a medical standard, which would be solved by switching to glass bottles, but then glass causes transport problems with weight and fragility. I've researched this and the only way to recycle prescription bottles in my city is to, on your own, mail them somewhere that will do it for you. I think some of the privatized recycling services will do the same thing but I'm deeply suspicious of those services and suspect most of them are not actually recycling anything. the recycling infrastructure is so bad in the USA and the majority of our plastic recycling is not actually happening, it's just fake garbage sorting that ends up in landfills anyway. we HAVE to go back to using glass for everything, plastic recycling is a dead end.
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