American Healthcare continues to go backward

TAPPER: 14 Republicans say you're risking undermining critical research by holding up NIH funding.

RUSS VOUGHT: NIH is a program that if they were a company, their stock prices would in shambles. They in some respects caused the pandemic by their gain of function research. You have an entire institute that does nothing more than DEI research at NIH.

 
TAPPER: 14 Republicans say you're risking undermining critical research by holding up NIH funding.

RUSS VOUGHT: NIH is a program that if they were a company, their stock prices would in shambles. They in some respects caused the pandemic by their gain of function research. You have an entire institute that does nothing more than DEI research at NIH.

Vought apparently doesn’t understand that research in and of itself seldom results in an economic net positive. The results of the research funded by government educates future scientists and occasionally results in a concept of product that lets others profit. He appears to be what I call an idiot.
 
Vought apparently doesn’t understand that research in and of itself seldom results in an economic net positive. The results of the research funded by government educates future scientists and occasionally results in a concept of product that lets others profit. He appears to be what I call an idiot.
Agreed and not everything in society should be profit seeking.
 
Why don't we do what European countries do? Oh wait, that's socialism. Good thing the federal government isn't so heavy handed.
I believe it's because it would put the health care insurance companies out of business. I haven't heard what isn't acceptable about getting around that problem by allowing them to participate in approved plans under a Medicare For All Advantage type government policy.
 
Why don't we do what European countries do? Oh wait, that's socialism. Good thing the federal government isn't so heavy handed.
I think the best way to reduce costs is by increasing competition. But healthcare is the least free and most heavily regulated market we have in the US, and it is difficult for me to see getting the federal government out of it. That only leaves one alternative.
 
BREAKING: The Trump administration is pushing an initiative for millions of Americans to upload personal health data to new apps run by private tech companies.

 
BREAKING: The Trump administration is pushing an initiative for millions of Americans to upload personal health data to new apps run by private tech companies.

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BREAKING: The Trump administration is pushing an initiative for millions of Americans to upload personal health data to new apps run by private tech companies.

Tea app for healthcare.
 
Trump: "We'll be putting an initially small tariffs on pharmaceuticals. But in one year, one in a half years maximum, it's gonna go to 150% and then it's gonna go to 250%, because we want pharmaceuticals made in our country."


 
Trump: "We'll be putting an initially small tariffs on pharmaceuticals. But in one year, one in a half years maximum, it's gonna go to 150% and then it's gonna go to 250%, because we want pharmaceuticals made in our country."



Pharmaceutical companies: Nah boss. We're just gonna charge more.
 
Trump: "We'll be putting an initially small tariffs on pharmaceuticals. But in one year, one in a half years maximum, it's gonna go to 150% and then it's gonna go to 250%, because we want pharmaceuticals made in our country."


What he wants, to shift generic drug manufacturing from India and China, can’t happen regardless of how high he makes the tariffs. New plants would have to be built and said plants would have to meet all regulatory requirements. That means the startup costs would be extremely high, for generic drugs with very small margins.

All the tariffs will do is increase the cost of generic drugs.
 
What he wants, to shift generic drug manufacturing from India and China, can’t happen regardless of how high he makes the tariffs. New plants would have to be built and said plants would have to meet all regulatory requirements. That means the startup costs would be extremely high, for generic drugs with very small margins.

All the tariffs will do is increase the cost of generic drugs.
We already spend $600 billion annually on prescriptions via Medicare and Medicaid. So sure let’s just double and triple that w tariffs.

It’s been a week and I’m worn smooth but if I’m pharma wouldn’t I just smile and wave bc they pass the cost onto consumers and in the end the Government pays out via Medicare and Medicaid while the private insurance raise their costs to cover the tariffs plus a little.

So now pharma has more money and so does insurance w which to buy more influence.

Who in this besides us gets screwed?
 
We already spend $600 billion annually on prescriptions via Medicare and Medicaid. So sure let’s just double and triple that w tariffs.

It’s been a week and I’m worn smooth but if I’m pharma wouldn’t I just smile and wave bc they pass the cost onto consumers and in the end the Government pays out via Medicare and Medicaid while the private insurance raise their costs to cover the tariffs plus a little.

So now pharma has more money and so does insurance w which to buy more influence.

Who in this besides us gets screwed?
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What he wants, to shift generic drug manufacturing from India and China, can’t happen regardless of how high he makes the tariffs. New plants would have to be built and said plants would have to meet all regulatory requirements. That means the startup costs would be extremely high, for generic drugs with very small margins.

All the tariffs will do is increase the cost of generic drugs.
Amazing a billionaire with such a fundamental misunderstanding of economics. We don’t want to compete with India to have a plant making 9 cent pills. We want to dominate AI. We want to make better chips. We want to create high dollar luxury items.

You notice we aren’t fighting Germany or Luxembourg for these plants. Gee, I wonder why they are in India?
 
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