The COVID pandemic has heavily jeopardized our health and wealth choices ever since it was exploited around the world.
And now, these evil Democratic cults are onto something that will surely affect your financial budget for medicines as they plan to get ahold of the prices.
It is very far away from the idea that we currently have that was passed the law led by Republican Sen. Orrin Hatch and Democratic Rep. Henry Waxman.
Stat News reported:
The Hatch-Waxman Act was lauded as a victory for consumers by its sponsors who claimed that it would simultaneously make access to medicines more affordable while enhancing the incentives to invest in biomedical research. That boast ignored the fact that in an unrigged free market, the public was entitled to the benefit of competition from lower-cost generic drugs without regard to the existence of patents and without paying for that right by granting longer monopolies to brand name drugs.
The Democrats’ new drug-pricing proposal would destroy the law’s system of incentives and will kill the innovation of new and developing drugs that is surely a great help to everyone.
The Democratic cult claims that their new proposal will allow the government to negotiate the prices of targetted drugs with brand-name drug companies but if they do not agree to the government’s final pricing, they will forcibly pay a Non-Compliance Fee starting at 65% of the gross sales of the drug in question and increasing by 10% every quarter the manufacturer is out of compliance, up to a maximum of 95%.
That is surely gonna kill the revenues and cut the chances of innovation towards new medicines.
Given the fact that when Hatch-Waxman’s bill, brand-name drug makers have a strong incentive to research and develop improvements to their medications and the competition of drug market is gonna be heavily affected.
For the record, there can be no inexpensive, generic version of a brand-name drug that’s never invented.
DOING THIS SHOWS YOU HOW SICK AND DIRTY THE DEMS WILL GO.————– COMMUNISM LIKE TACTIC LIKE STALIN THAT KILLED MILLIONS OF HIS OWN PEOPLE.!!!!!!!!!! AND THIS IS WHAT YOU VOTED FOR.???????????????