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7 January, 2024

Mapping President Biden’s Three-Pronged Attack To Curb Big Pharma Drug Price Gouging

icon Big Pharma,Drug price gouging,Insulin Price Cap,Medicare
Biden's Three-Pronged Attack To Stop Drug Price Gouging

How does President Biden's plan curb Big Pharma price gouging?

Cap the price of insulin at $35/month
Allow Medicare to negotiate drug prices with Big Pharma
Stop Big Pharma exploiting patents that American tax payers subsidized
Allow drug imports from Canada where the same drug prices cost much less than in America

1. Insulin price capped at $35/month

President Biden caps the price of insulin at $35/month

"Jan 1, 2024: President Biden's Insulin $35 Insulin price cap goes into effect, lowering costs for millions of Americans with diabetes. The price cuts will reduce the cost of the drug for most patients at $35 through either price caps or savings programs... Analysts, politicians and patient advocates have increasingly criticized drug manufacturers for the prices set for insulin.

Millions of people need the lifesaving medication. According to the American Diabetes Association, spending on insulin has tripled in the past decade to $22.3 billion in 2022, and the inflation-adjusted cost of the drug increased 24% between 2017 and 2022. A 2020 survey from the Pfiester organization found that 1 in 4 people with Type 1 diabetes rationed insulin because of cost. Patients also struggled to pay out-of-pocket for other supplies such as insulin pumps, testing strips and continuous glucose monitors. - USA Today

2. Allow Medicare negotiate drug prices directly with Big Pharma

Big pharma profits surge as they donate to Republicans to keep drug prices high

“Today is the start of a new deal for patients, where Big Pharma doesn’t just get a blank check at your expense and at the expense of the American people,” said President Biden. “Big Pharma is charging Americans more than three times what they charge other countries simply because they could. I think it’s outrageous. That’s why these negotiations matter.” They are: Eliquis, Jardiance, Xarelto, Januvia, Farxiga, Entresto, Enbrel, Imbruvica and Stelara, as well as Fiasp and certain other insulins made by Novo Nordisk, including NovoLog.

The medications treat heart disease, certain cancers, diabetes and autoimmune diseases, among other conditions. Medicare enrollees paid a total of $3.4 billion in out-of-pocket costs last year, according to the Department of Health and Human Services. Those who didn’t receive additional financial assistance shelled out as much as $6,500 on average. - CNN

3. Stop Big Pharma exploiting patents subsidized by American tax payers

Big pharma pays Republicans to keep drug prices high

Biden warns Big Pharma: Make your drugs cheaper or the US government will override your patents. He warned pharmaceutical companies that the government could override their patents. If the price of certain drugs is too high, the government could let rivals make cheaper versions. It's a bold move called "march-in rights" that the US government has never used before.

"For the first time, ever, the high price of that taxpayer-funded drug is a factor in determining that the drug is not accessible to the public on reasonable terms," said Biden domestic policy adviser Neera Tanden.

When the public invests heavily in a private company's drug, it's fair to question whether they should have to pay high prices for it, said William Pierce, a former HHS official during President George W. Bush's administration.- Business Insider

4. Allow drug imports from Canada where drug prices are much less than in America

President Biden allows direct drug imports from Canada to curb Big Pharma price gouging

The F.D.A. announced that it would allow Florida to import millions of dollars’ worth of prescription medications from Canada, where they are available at far lower prices than in the U.S.

It could save up to $150 million in the first year of the program, importing medicines to treat H.I.V., AIDS, diabetes, hepatitis C and other conditions.

Until now, Americans could buy drugs from Canadian pharmacies, but states could not purchase them in bulk for Medicaid programs, government clinics or prisons. Florida is the first to earn approval. “These proposals must demonstrate the programs would result in significant cost savings to consumers without adding risk of exposure to unsafe or ineffective drugs,” Dr. Califf said. - NY Times

TakeAway: Stop Big Pharma price gouging you. Vote for Democrats.

Image Credit: FreePik

DISCLAIMER: ALTHOUGH THE DATA FOUND IN THIS BLOG AND INFOGRAPHIC HAS BEEN PRODUCED AND PROCESSED FROM SOURCES BELIEVED TO BE RELIABLE, NO WARRANTY EXPRESSED OR IMPLIED CAN BE MADE REGARDING THE ACCURACY, COMPLETENESS, LEGALITY OR RELIABILITY OF ANY SUCH INFORMATION. THIS DISCLAIMER APPLIES TO ANY USES OF THE INFORMATION WHETHER ISOLATED OR AGGREGATE USES THEREOF.

Mapping President Biden's $35/month Insulin Price Cap

Zoom into the map for where you live. Use the search bar and type in your address. Or if you are using the map on a phone, then click on the COMPASS icon in the top left to find your location based on your GPS position. Check the COLOR CODE to see what the colors mean. You can even turn map layers on to see only the information you're interested in. For instance you can turn off the SENATOR layer and that won't show on the map.

Next click on any county to see the number of diabetics, and the MAGA Republicans who voted against President Biden's Insulin Price Cap and how you can contact them. Just click on the phone number next to their name and the app automatically dials their phone number for you. Ask them why they voted against lowering the price of insulin?

Mapping people suffering from diabetes who will benefit from President Biden's action to cap the price of insulin at $35/month
How to use this map of President Biden's $35/month insulin price cap

This Map can be freely shared with this link https://arcg.is/r4bHG
or embed it in a website with this code: "<iframe width="800" height="600" frameborder="0" scrolling="no" allowfullscreen src="https://arcg.is/r4bHG"></iframe>"

President Biden proposes cutting the price of prescription drugs.
Big pharma profits surge as they donate to Republicans to keep drug prices high
Republicans blocked the price cap on insulin
Republicans help big pharma price gouge
Republicans protect drug lobby and keep insulin prices high
Big pharma pays Republicans to keep drug prices high
Big Pharma price gouges Americans with high drug prices
MAGA Republicans are hazardous to your health



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