This guy writes very enjoyable prose. Today he comments on Trump's move to reduce pharmaceutical prices substantially in the US, utilizing a "Most Favored Nation" approach.
Naturally, the Media went nuts. Here's Jeff Childers on the case:
...As we all well know, most other countries pay much lower prices for medications. For example, the list price for diabetes medicine Jardiance is $611 for a 30-day in the US, compared with $70 in Switzerland and only $35 in Japan.
I couldn’t find any headline celebrating falling drug prices — corporate media was obsessed with how the executive order (which nobody’s even seen yet) would hurt pharmaceutical stocks. I think the media has lost the plot. Trump essentially promised to cut costs for sick people, and the media’s hair is on fire over hedge fund portfolio losses....
...If Biden had made the same announcement, every major outlet would’ve run with glowing human-interest profiles: Meet the grandmother whose insulin just became affordable thanks to bold leadership.
Under Biden, a $35 insulin cap was hailed as a historic breakthrough; under Trump, an 80% slash across the board is treated like economic terrorism. Trump could cure cancer, and they’d run with headlines like, “Biotech layoffs surge after oncology disruption.”
So to recap: Trump promises lower drug prices, and the media is as outraged as if he’d just clubbed a baby seal on the trading floor. Their outrage wasn’t over what sick Americans pay— it’s over what Pfizer’s shareholders might lose. If you ever wondered who corporate media really works for, wonder no more....
Well, Jeff, they DO work for Pfizer/Lilly/GSK, et.al. Watch any 2 hours of TeeeeVeeee and count the ads with people dancing in the street over a little pill, or riding their jet-skis because Big Pharma cured their psoraiasis, or boy-on-boy smooches over some AIDS wonderdrug. (ick)
This has been a monstrous ripoff for decades, but when Pfizer and their little toady Fauci screwed up the entire CoVid thing, Big Pharma became a target, and Trump will ride a wave of public approval while those stock options in the hand of such vermin as Borla will melt like the Wicked Witch of the West did when she met water.
They earned it.
2 comments:
I still have that Louisville slugger that Pete Rose used and I can think of Pfizer as being a baby seal ……sure……. Sure. Let’s go clubbing!!!!
Yes, Childers' observations were delicious. I shared them.
I think pharma ads normalize the regular use of prescriptions to get through life. When I waa a kid my mom went on a diet to lose weight. No one can do that now apparently. Got have a pill to do it easily.
I read in a book by a doctor that pharma companies spend more on marketing than research.
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