Later Today POTUS Trump has vowed to sign an executive order to drastically reduce pharmaceutical prices in the USA... its not the first time he's tried this & it will be interesting to see what mechanism he proposes this time.
There will also be (and already is) massive push back from big pharma & their place-people in the Republican party.
Given big pharma was a major contributor to his campaign, this may get pretty rough... as both fight dirty!
#BigPharma #pharmaceuticals #politics
h/t FT
yes, on Big Pharma, its very clear that if Trump moves as h intends he is not working in the traditional Republican manner for that sector....
@ChrisMayLA6 @claralistensprechen3rd This is true. Obvious from the moment the news story hit. I don't quite understand it.
My current theory is that he, or Kennedy or someone close to him had an experience with the cost of medications. Not that they couldn't easily afford it but they were shocked at the cost.
And it's true. I've lived for many years in Guatemala and hope to return. About 40 pharmaceutical companies have manufacturing facilities in guatemala.
About 20 years ago my best friend at the time needed a certain fourth generation antibiotic. He was paying $4 per capsule in the United states.. When he came to Guatemala he discovered the same medication could be had at any pharmacy for 25 cents a capsule. And the medication was fresher because it was manufactured in guatemala..
So there you go. There's some serious ripping off going on here.
