Pfizer delays drug price hikes after talking with Trump

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superbeets

superbeets

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[FONT=&quot] Donald J. Trump‏Verified account @realDonaldTrump Jul 9More


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[FONT=&quot]Pfizer & others should be ashamed that they have raised drug prices for no reason. They are merely taking advantage of the poor & others unable to defend themselves, while at the same time giving bargain basement prices to other countries in Europe & elsewhere. We will respond!
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superbeets

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Pfizer delays drug price hikes after talking with Trump


WASHINGTON/NEW YORK (Reuters) - Pfizer Inc (PFE.N) said on Tuesday it was deferring drug price increases for no more than six months after the company’s chief executive officer had an extensive conversation with U.S. President Donald Trump.


The rollback came a day after Trump took aim at Pfizer and other U.S. drugmakers for raising prices on some of their medicines, saying in a tweet that they “should be ashamed” and that his administration would respond.



Pfizer on Tuesday said it would defer price increases that went into effect on July 1 until the end of the year or until the president’s drug pricing blueprint goes into effect - whichever is sooner. The company said it would return drug prices to their pre-July 1 levels as soon as technically possible.




On Tuesday, Trump said in a tweet that Pfizer had agreed to roll back drug price hikes after he and U.S. Health and Human Services Secretary Alex Azar spoke with the company’s CEO, Ian Read.
“We applaud Pfizer for this decision and hope other companies do the same,” Trump, who is traveling in Europe, said in a tweet.



Pfizer, one of the largest pharmaceutical companies, now likely will not raise drug prices until after the 2018 midterm elections in November. That gives Trump, who made lowering prescription drug prices a top 2016 presidential campaign issue, a short-term victory he can point to in the run-up to the elections, which are being closely watched to see if Trump’s fellow Republicans will be able to maintain control of both the Senate and the House of Representatives.
Pfizer raised list prices on around 40 medicines earlier this month. Those include Viagra, cholesterol drug Lipitor and arthritis treatment Xeljanz, according to Wells Fargo. List prices do not include rebates and discounts drugmakers may offer.
 
superbeets

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Willie99

Willie99

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He's a sick fuck, nobody wants to mess with him

"I like it", such a refreshing change of pace

I'm tired of politically correct pu$$ies and FUCKING IDIOTS
 
slapshot

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Now we just need Roche to drop the price of Klonopin a couple hundred
 
JDeuce

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I’m usually not a fan of government getting involved in free market pricing, but this is a little different. It isn’t price controls or fixing, it may be more of “if you guys nix your recent price hike, I’ll get rid of regulation X implemented by the previous dumb fuck admin.”

It’s still a fine line to tiptoe though, and I think The Donald is smart enough not to cross onto the wrong side.
 
Willie99

Willie99

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Every politician in DC has complained about Americans paying more than the rest of the world for drugs, but not one of the swamp creatures ever did anything about it. They're all talk, no walk

Trump says something and his targets know he's serious

that's refreshing
 
rolltide

rolltide

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free market capitalist republicans approving of govt intervention in pharmaceutical pricing, errrr, at least for 4 months until the midterm elections are done? embarrassing

:ohno:
 
Willie99

Willie99

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can someone describe to me what the intervention was? what specific policy?

Here's his quote

Pfizer & others should be ashamed that they have raised drug prices for no reason. They are merely taking advantage of the poor & others unable to defend themselves, while at the same time giving bargain basement prices to other countries in Europe & elsewhere. We will respond!
​






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This is about unfair trade practices, with other countries once again receiving preferential treatment. Very similar to one sided trade tariffs, and it's the Constitutional responsibility of the federal government to regulate trade.

It's not exactly a free and open market when we're subsidizing the rest of the world. Although since we've always done it, I guess it becomes the norm and changing it becomes the wrong
 
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