Today 8:00 am
The issue here is one of fairness, and the PROFITEERING by the Pharma giants... The Pharma companies are charging DRASTICALLY different prices, for EXACTLY the same medications... ALL over the world ! What Trump has said with his Exec Order... is that's not FAIR! and WE (America) want the same prices you are charging your OTHER customers... and that AMERICANS should NOT be your whipping boys. There are also MANY other actions Trump could take if he wanted to... BUT, the bottom line... Like it or not, Big Pharma has a market that they have to keep happy.. and ESPECIALLY regarding the biggest market in the world ( the American Market)... the LAST thing they need are Americans PROTESTING their PRICE GOUGING of Americans in the streets... I think common sense would say this has now gone BEYOND Pharma Lawyers playing legal games... The EASIEST decision for them would be to use Trumps XO action as justification to EQUALIZE prices thru-out the world...Skans » Yesterday, 7:53 am » wrote: ↑ I understand the "problem". What I don't understand is how an Executive Order can dictate to private industry what prices it can get for its products. Isn't that "price fixing"? Isn't that illegal? Isn't that something the Supreme Court will likely kick in the nuts and then stab to death?
If I were Pfizer's CEO, I'd have a team of lawyers ripping that executive order to shreds. Furthermore, I wouldn't change my pricing at all. In fact, I wouldn't say diddly-boo about it, and simply ignore the executive order. Now, IF I were Pfizer's CEO, and IF I thumbed my nose at Trump's executive order, what would you think Trump could do about it?
Also, there are stories out there that they (the Pharma Co.s) have KNOWN this was a PR nightmare for a long time.. when Trump dropped the XO, there was IMMEDIATELY pressure on the Pfizer CEO to resign... I don't think he has yet... but I don't think it's OVER for him either, or THEM !
BUT, ANOTHER win for TRUMP !!
https://www.foxnews.com/politics/presid ... rug-prices