Trump to issue EO lowering prescription drugs and pharmaceutical prices by 30 to 80 percent

[Niagara Bill]

9 hours ago, Big Blitz said:

 

I agree.  Time to completely privatize health care.  You in?  

No, healthcare should be a basic right not a privilege. 

[SCBills]

Objectively strong timeline for Trump currently. 
 

Regardless of how one feels about this EO, it’s going to have public support. 
 

China/USA tariff deal. 
 

India/Pakistan ceasefire. 
 

Potential movement towards the end of the Ukraine/Russia war. 
 

Edan Alexander hostage release. 
 

Edited May 12 by SCBills

[leh-nerd skin-erd]

7 hours ago, Andy1 said:

No hate here. My comment was just leaning into the fact that the entire Trump 2.0 presidency is about executive orders. Republicans own all three branches, yet congress seems to be sleep walking, letting Trump issue order after order with no enactment of law to implement his agenda. What’s Mikey doing these days?  I remember the Republican outrage about executive orders when Biden or Obama issued them, but not a peep now. 
 

For reference, in eight years Bush signed 291 and Obama did 277 EOs. In four years Biden issued 162 EOs while Trump 1 issued 220. In a bit over 100 days Trump 2 has already signed 146. 

Just messing around last night after a long day. 
 

We’ll see where this goes, of course, but I’d think Trump 2 feels like he has a limited time frame to enact change, and believes there are establishment Rs in the way.  
 

On the EO front…is there a magic number you see as reasonable?  Is it your belief that Obama issued 277 beyond reproach/righteous EO’s, and that Bush was hitting the sweet spot at 291?  Because imo, just recapping numbers doesn’t tell a story whatsoever.  In fact, how I does R outrage over Obama and/or Biden different than Democrat outrage over Trump?   It seems to me you were fine with 277, but take issue with 278+ and a different agenda. 
 

To be honest, the whole process seems a gigantic clusterf+ck to me regardless of who is running the show. 

 

 

[TH3]

17 minutes ago, SCBills said:

Objectively strong timeline for Trump currently. 
 

Regardless of how one feels about this EO, it’s going to have public support. Won't work
 

China/USA tariff deal. 30 percent tariffs? Your bar is sooooo low
 

India/Pakistan ceasefire. Kind of
 

Potential movement towards the end of the Ukraine/Russia war. Potential? I could potentially win the lottery today..
 

Edan Alexander hostage release. I thought they were gonna be released in December...
 

As usual...the brainwashed ball wash the news cycle.

 

FYI - EO's don't mean crap in the long run.... actual legislation takes talent

[Andy1]

12 minutes ago, leh-nerd skin-erd said:

Just messing around last night after a long day. 
 

We’ll see where this goes, of course, but I’d think Trump 2 feels like he has a limited time frame to enact change, and believes there are establishment Rs in the way.  
 

On the EO front…is there a magic number you see as reasonable?  Is it your belief that Obama issued 277 beyond reproach/righteous EO’s, and that Bush was hitting the sweet spot at 291?  Because imo, just recapping numbers doesn’t tell a story whatsoever.  In fact, how I does R outrage over Obama and/or Biden different than Democrat outrage over Trump?   It seems to me you were fine with 277, but take issue with 278+ and a different agenda. 
 

To be honest, the whole process seems a gigantic clusterf+ck to me regardless of who is running the show. 

 

 

In my opinion, EOs should only be used to respond to respond to extraordinary crises or emergencies like 9/11, Covid, etc. Presidents on both sides have used them to avoid governing through congress and congress has obliged since they want to avoid responsibility and ownership for anything. This isn’t the democratic process as envisioned by those guys back in 1776. Governing should be hard. That is what forces compromise and moderation in practice which is what we need more of. 

[leh-nerd skin-erd]

8 minutes ago, Andy1 said:

In my opinion, EOs should only be used to respond to respond to extraordinary crises or emergencies like 9/11, Covid, etc. Presidents on both sides have used them to avoid governing through congress and congress has obliged since they want to avoid responsibility and ownership for anything. This isn’t the democratic process as envisioned by those guys back in 1776. Governing should be hard. That is what forces compromise and moderation in practice which is what we need more of. 

So, the Presidents you originally listed (Obama, Bush, Biden) bypassed the democratic process previously?  So, it’s primarily  the number and the agenda this time?  
 

I don’t disagree with you, but we deal with what’s in front of us.  This is the way government works, and it seems unreasonable to complain primarily when your guy isn’t in office.  That’s the standard these days, and when it’s brought up, the fallback position is “Whatboutism”.  I see that as fact avoidance, because how it works in practice is pretty important when considering what things might look like in the future. 

Edited May 12 by leh-nerd skin-erd

[SCBills]

32 minutes ago, TH3 said:

As usual...the brainwashed ball wash the news cycle.

 

FYI - EO's don't mean crap in the long run.... actual legislation takes talent

FYI - Please refer to the part of my post that discusses EO vs Legislation.  
 

I specifically stated that, regardless of how one feels about this EO, it will have popular public support. 
 

The rest of your post is just Trump hating.  Who knows if the India/Pakistan ceasefire holds, but at least the WH got involved and seems to have made the situation a bit better.  Those like you were accusing them of having no handle on the situation just hours prior to the announcement. 
 

I’ve mentioned multiple times that I’m on the fence about tariffs, but the China 90 day deal is objectively a good news cycle.  Regardless of us going scorched earth on all countries, China NEEDED to be the one country we did do this with and Trump is the only one to actually try it. 
 

Oh, sorry.. Now we’re mad at Trump for taking 5 months to get a hostage released that would’ve never happened under Biden or Harris? Ok. 

[Roundybout]

 

 

So now price controls are a good thing? 

[SCBills]

5 minutes ago, Roundybout said:

 

 

So now price controls are a good thing? 

I go back and forth on whether I view this as “price controls”

 

It certainly blurs the line.  Any Republican just gobbling this up without hesitation is probably doing so as a cheerleader rather based on any serious contemplation of how this will work. 
 

It’s also in line with his whole “we’re getting ripped off tariff” talking point where he’s now wanting pharma companies to raise prices elsewhere to make up for lowering prices in America.. because he is correct on that point - Pharma companies are ripping Americans off to subsidize lower drug costs around the globe. 

Price controls vs supply and demand doesn’t truly apply here given we’re held hostage by being a wealthy nation that is forced to pay these prices due to their not being competition in this space via a global marketplace. 
 

 

Edited May 12 by SCBills

[Joe Ferguson forever]

Well, there goes my pharma stocks....Thanks donnie the commie.  Dems supported negotiating lower prices through Medicare's bargaining power.  R's voted it down every time.  If the entire medicare population obtained lower prices, it would spill over to the private sector as it does for other health care costs.  Medicare is the bellweather.  PBM's could be reigned in.    Or even better, wee could go single payer.  Get rid of all the profit and waste in the private system.  Have a national formulary and national algorithms for approving and reimbursing care.  Get rid of CEO's making multi millions from your illnesses.  Get rid of profit driven bean counters telling doctors how to practice.  Stop driving people into bankruptcy because they develop cancer.  At a minimum, make PBM's and insurance co's liable for bad outcomes when they refuse to cover care.  Thet're currently protected from malpractice suits.

 

Instead he price controls and tanks my stocks.  f him.

[All_Pro_Bills]

1 hour ago, TH3 said:

As usual...the brainwashed ball wash the news cycle.

 

FYI - EO's don't mean crap in the long run.... actual legislation takes talent

Nixon issued an executive order in August 1971 suspending the convertibility of the US dollar into gold ending the post-WW2 Breton Woods agreement which ushered in the current US dollar reserve fiat monetary system the world has been operating under for the last 54 years. I'd say that's the most impactful executive order in the history of the country. It's debatable whether any piece of legislation ever authorized through Congress has had such an impact. The entire world exists as it does today because of this EO.

Edited May 12 by All_Pro_Bills

[Roundybout]

19 minutes ago, SCBills said:

I go back and forth on whether I view this as “price controls”

 

It certainly blurs the line.  Any Republican just gobbling this up without hesitation is probably doing so as a cheerleader rather based on any serious contemplation of how this will work. 
 

It’s also in line with his whole “we’re getting ripped off tariff” talking point where he’s now wanting pharma companies to raise prices elsewhere to make up for lowering prices in America.. because he is correct on that point - Pharma companies are ripping Americans off to subsidize lower drug costs around the globe. 

Price controls vs supply and demand doesn’t truly apply here given we’re held hostage by being a wealthy nation that is forced to pay these prices due to their not being competition in this space via a global marketplace. 
 

 

It’s always difficult to figure out what he means.

 

I’m unclear on how he can constitutionally do this through the executive office. 
 

It also follows, economically, that this will create scarcity if production does not ramp up. 

[JDHillFan]

14 minutes ago, Joe Ferguson forever said:

Well, there goes my pharma stocks...

Oh no!!

[Joe Ferguson forever]

9 minutes ago, JDHillFan said:

Oh no!!

you maga's love capitalism until you don't....pick a side.  I choose capitalism.  and single payer.

Edited May 12 by Joe Ferguson forever

[JDHillFan]

Just now, Joe Ferguson forever said:

you maga's love capitalism until you don't....pick a side.  I choose capitalism.

You’ll be OK. Try not to snivel so much.

 

My retirement savings are likely to hit an all-time high today. I love capitalism!

[Joe Ferguson forever]

Just now, JDHillFan said:

You’ll be OK. Try not to snivel so much.

 

My retirement savings are likely to hit an all-time high today. I love capitalism!

you love it til trump starts to mimic chairman mao...then it's ok to go all socialist.  you're in a cult.  and you care nothing about principles.

[JDHillFan]

Just now, Joe Ferguson forever said:

you love it til trump starts to mimic chairman mao...then it's ok to go all socialist.  you're in a cult.  and you care nothing about principles.

Thank you for going with Chairman Mao. The whole Nazi/fascist routine has gotten quite stale.

 

all my best to you this morning as Dow futures are up around 900. Doesn’t mean they will end the day up 900. Nevertheless.
 

let me know if you would like contact information for a good financial advisor. Your seems to be failing you based on the amount of whining that you’ve been doing.

[K D]

It would be funny if this makes testosterone replacement therapy more affordable and all of these weeny Dems start taking it and grow some balls and become right wing.

[Joe Ferguson forever]

22 minutes ago, JDHillFan said:

Thank you for going with Chairman Mao. The whole Nazi/fascist routine has gotten quite stale.

 

all my best to you this morning as Dow futures are up around 900. Doesn’t mean they will end the day up 900. Nevertheless.
 

let me know if you would like contact information for a good financial advisor. Your seems to be failing you based on the amount of whining that you’ve been doing.

which will bring the market to almost as high as it was when he took office.  hooray!!  I have a great advisor.  Met with her last week.  At 5% return, will have a nice sum to give our heirs.

 

So what would you say if trump decided housing was too expensive and set a lower than market price for your house so that you lost, say 100k?  He's a chameleon as are all populists.  No principle.  No philosophy.  No guardrails.  At times, he resemble Hitler and at others Mao.  The common thread is authoritarianism.

Edited May 12 by Joe Ferguson forever

[Doc]

"Drug prices are too high!  Arrrrrgggghhhh!"

 

Trump issues EO lowering them.

 

"That's socialism!" or "my pharma stocks are tanking!"