Economy
Related: About this forumLatest TPP Draft Benefits Big Pharma By Slashing Access to Generics
http://www.commondreams.org/news/2015/07/10/latest-tpp-draft-benefits-big-pharma-slashing-access-genericsIn secret talks, the Obama administration is seeking to foist corporate-friendly policies on other countries that he has opposed in the United States, new reporting reveals
Latest TPP Draft Benefits Big Pharma By Slashing Access to Generics
Sarah Lazare
Friday, July 10, 2015
With another round of Trans-Pacific Partnership negotiations slated for the end of this month, the administration of President Barack Obama is aiming to force developing nations to adopt Big Pharma-friendly policies that are so bad for public health Obama himself has opposed them in the United States.
Citing leaked drafts of the agreement, as well as officials "familiar with the latest May 11 version," Bloomberg journalist Peter Gosselin reported Friday that the deal is likely to include provisions that are almost certain to hike medicine costs while slashing access to generic drugs around the world: "At stake: hundreds of billions of dollars or more in extra costs that consumers may have to pay if the proposals make it harder for cheaper generics to win approval."
In the negotiations, Obama is pursuing corporate-friendly policies he has rejected at home.
For example, "U.S. negotiators want to win makers of advanced drugs 12 years of exclusivity for data that might otherwise help competitors produce similar, cheaper versions," wrote Gosselin. However, the Obama administration has sought, within the United States, to reduce that period to seven years.
peacebird
(14,195 posts)Pharma will gouge the everloving life out of us all....
"It's a change that occurred overnight," said Vanderbilt pharmacy manager Michael O'Neil.
Not long ago, the pharmacy at Vanderbilt's hospital could purchase a 50-count bottle of 100 mg doxycycline tablets for $10, but now the same bottle costs a staggering $250.
Read more: http://www.wsmv.com/story/21616095/sudden-increase-in-cost-of-common-drug-concerns-many#ixzz3faIusJlc
Fuddnik
(8,846 posts)Or, as Ralph Nader calls it, "Americas pay or die healthcare system".
kacekwl
(7,026 posts)hospital charges, test charges, ridiculous fees to fill out forms, on and on. Not to mention the corrupt insurance industry . Now this. The free market capitalists will squeeze every cent from you with the help of our government.
KG
(28,753 posts)your being gouged raises their standard of living!
Fuddnik
(8,846 posts)Things are so rosy here in LaLa Land.
Doctor_J
(36,392 posts)BOG, help me out here.
newfie11
(8,159 posts)We knew this was going to happen with TPP. This was one of the few leaks.
All I can say is the repug plan for if you get sick seems to be coming true, hurry up and die!
I shudder at what other revelations are yet to come!
sorefeet
(1,241 posts)50 to 80% higher than any other civilized country. Maybe we aren't so civilized. Maybe big pharma has the sin of GREED like the cancer doctor who is going to prison. What is the difference between him and big pharma???? Both are harming and killing people with their own interest of money.
djean111
(14,255 posts)The ACA was never going to lead to anything but this.
Fuddnik
(8,846 posts)The new Hep C cure costs $1,000 per pill, taken daily for 6 months in the US. In other countries, such as Egypt or in Central America, it's less than $1,000 for the entire treatment.
djean111
(14,255 posts)shilled for these "trade agreements". And I am adding in any politician who belongs to that New Democrat Coalition, because they are DINOs, and because Pelosi was really careful in orchestrating votes - those who would be quickest hurt by voting yes could safely vote no without Pelosi and Obama being concerned about passage. All a dog and pony show.