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Read the rules in the OP before posting, please.

In order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a re-read to refresh your memory! The vast majority of you are contributing in a healthy way, keep it up!

NOTE: When providing a source, explain why you feel it is relevant and what purpose it adds to the discussion if it's not obvious.
Also take note that unsubstantiated tweets/posts meant only to rekindle old arguments can result in a mod action.
DarkPlasmaBall
Profile Blog Joined March 2010
United States46124 Posts
August 24 2016 19:39 GMT
#96241
On August 25 2016 04:34 SpiritoftheTunA wrote:
rofl i didnt know trump tweeted this 2 years ago



a true classic


The new benchmark for condescension.
"There is nothing more satisfying than looking at a crowd of people and helping them get what I love." ~Day[9] Daily #100
Keniji
Profile Blog Joined April 2008
Netherlands2569 Posts
August 24 2016 19:57 GMT
#96242
On August 25 2016 04:39 Rebs wrote:
Show nested quote +
On August 25 2016 04:37 Nevuk wrote:
On August 25 2016 04:34 Plansix wrote:
On August 25 2016 04:21 {CC}StealthBlue wrote:
The executive of the pharmaceutical company that hiked the prices of two dozen drugs, including EpiPen, received a 671% pay increase over the past nine years.

Heather Bresch, chief executive officer of Mylan, came under public scrutiny this week after reports that since acquiring rights to EpiPen in 2007, the company had implemented a series of gradual price increases inflating the price of the drug from $56.64 to $317.82, a 461% increase in cost . During that same time, Bresch went from being Mylan’s chief operating officer to president to chief executive and saw her pay rise $2,453,456 to $18,931,068, a 671% increase.

When Mylan first acquired Merck KGaA in 2007, Bresch oversaw the integration of its 400 products. Among those products was EpiPen, which is used to quickly deliver a proper dose of epinephrine to those suffering from anaphylaxis. Anaphylaxis is when an allergic reaction causes one’s airways to swell and close. In a 2015 interview with Fortune, Bresch described EpiPen as “my baby”. Under her management, EpiPen went from bringing in $200m a year in sales to becoming Mylan’s first billion-dollar product.

Following the outcry over the increase in EpiPen’s prices, Bresch, who is the daughter of West Virginia senator Joe Manchin, could be called on to justify Mylan’s pricing before the US Congress. Her father does not sit on the Senate judiciary committee, which would most likely hear her testimony.

Mylan has hiked prices of other products as well, according to a June report by a Wells Fargo senior analyst David Maris.


Source

As someone who has to buy epi-pens, these people can fuck right off. They can legit serve jail time for this shit, because its criminal. This is the free market for evil and should be punished with a harsh hammer. Must be purchased because you will die without it does not mean it is an “in demand product”.

It makes them very in demand products.


Their demand inelastic. ez moneez gg no re.



Inelastic demand with patent laws that protect from competition. The dream
Sermokala
Profile Blog Joined November 2010
United States14147 Posts
August 24 2016 21:03 GMT
#96243
The sick shit is that the actual medicine thats being injected is really cheap its that the company is shitty for charging $200 or more for the spring loaded injector. theres another company thats selling it for cheaper but not that much.

If a free market was truely free a company should come up to undercut the profits for something like this. the government isn't the only thing keeping the market from being free.
A wise man will say that he knows nothing. We're gona party like its 2752 Hail Dark Brandon
LegalLord
Profile Blog Joined April 2013
United States13779 Posts
August 24 2016 22:03 GMT
#96244
Maybe they're just not that interested in undercutting each others' profits.
History will sooner or later sweep the European Union away without mercy.
Plansix
Profile Blog Joined April 2011
United States60190 Posts
August 24 2016 22:13 GMT
#96245
On August 25 2016 07:03 LegalLord wrote:
Maybe they're just not that interested in undercutting each others' profits.

Unclear if this is sarcasm, but that is illegal. No set of companies can intentionally not compete to keep their prices artificially high. Especially in a field like this.
I have the Honor to be your Obedient Servant, P.6
TL+ Member
LegalLord
Profile Blog Joined April 2013
United States13779 Posts
August 24 2016 22:20 GMT
#96246
On August 25 2016 07:13 Plansix wrote:
Show nested quote +
On August 25 2016 07:03 LegalLord wrote:
Maybe they're just not that interested in undercutting each others' profits.

Unclear if this is sarcasm, but that is illegal. No set of companies can intentionally not compete to keep their prices artificially high. Especially in a field like this.

As far as I recall, it really depends more on how they do it. Cartels are illegal but what if they just choose to all keep prices high?
History will sooner or later sweep the European Union away without mercy.
Gorsameth
Profile Joined April 2010
Netherlands22435 Posts
August 24 2016 22:21 GMT
#96247
On August 25 2016 06:03 Sermokala wrote:
The sick shit is that the actual medicine thats being injected is really cheap its that the company is shitty for charging $200 or more for the spring loaded injector. theres another company thats selling it for cheaper but not that much.

If a free market was truely free a company should come up to undercut the profits for something like this. the government isn't the only thing keeping the market from being free.

The free market does not work for healthcare (including medicine) as has been explained time and time again.
Free market certainly has its place but its not something you can just use everywhere and expect it to work.
It ignores such insignificant forces as time, entropy, and death
KwarK
Profile Blog Joined July 2006
United States44126 Posts
Last Edited: 2016-08-24 22:23:12
August 24 2016 22:21 GMT
#96248
On August 25 2016 07:13 Plansix wrote:
Show nested quote +
On August 25 2016 07:03 LegalLord wrote:
Maybe they're just not that interested in undercutting each others' profits.

Unclear if this is sarcasm, but that is illegal. No set of companies can intentionally not compete to keep their prices artificially high. Especially in a field like this.

That's not always how it works in practice. If company A already has an established production line and is gouging then company B should not run the numbers for whether it's worth investing in their own line at current profit levels but rather at post competition levels. Once B can compete with A the prices will drop below the floor needed to justify B's investment. Just because A is gouging doesn't mean B wants to undercut, the competition is not profitable for either party.
ModeratorThe angels have the phone box
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
August 24 2016 22:31 GMT
#96249
Environmental groups have turned on the Obama administration over offshore oil and gas extraction, warning it puts whales and dolphins in peril and risks undermining the president’s commitment to putting the brakes on climate change.

Barack Obama, who recently called global warming an “genuine existential threat”, has enjoyed largely solid support from green groups that have praised his leadership on the issue. But Obama’s environmentalist allies are increasingly frustrated over federally approved fossil fuel drilling, just as the US president attempts to put the finishing touches on his climate legacy.

On Wednesday, leases for oil and gas exploration across 23.8m acres of the Gulf of Mexico will be auctioned off to fossil fuel companies. A total of 218.94m acres, about double the size of California, will have been offered up for leases in federal waters by the end of next year, with further leasing planned by the government in a new five-year program that will extend this process.

In response, protesters stormed the federal Bureau of Ocean Energy Management’s office in New Orleans on Tuesday, demanding the cancellation of the lease sales because of the link between climate change and the kind of flooding that has devastated large parts of Louisiana. Several protesters were arrested.

“While climate change affects everyone, communities of color and low-income communities continue to be hit hardest by the lasting impacts of climate disasters,” said Anne Rolfes, founding director of the Louisiana Bucket Brigade.

“Thousands of oil spills, sinking lands and extreme weather creating turmoil for countless people. What more will convince the Obama administration to stop treating the Gulf like a sacrifice zone to fossil fuel interests?”

Another green group, the Center for Biological Diversity, is also ramping up its opposition to offshore drilling, releasing a report that found that burning all of the fossil fuels in federal waters in the Gulf of Mexico would release a staggering 32.8bn tonnes of carbon dioxide into the atmosphere.

The group claimed that expanding drilling in the gulf is contrary to America’s pledge to help keep global temperatures to 1.5C above pre-industrial times and risks unleashing more extreme weather, drought and sea level rise upon swathes of the US.


Source
"Smokey, this is not 'Nam, this is bowling. There are rules."
Sbrubbles
Profile Joined October 2010
Brazil5776 Posts
August 24 2016 23:05 GMT
#96250
On August 25 2016 06:03 Sermokala wrote:
The sick shit is that the actual medicine thats being injected is really cheap its that the company is shitty for charging $200 or more for the spring loaded injector. theres another company thats selling it for cheaper but not that much.

If a free market was truely free a company should come up to undercut the profits for something like this. the government isn't the only thing keeping the market from being free.


Isn't this a case of the auto injector being under patent? If so it's a run-of-the-mill monopoly problem.
Bora Pain minha porra!
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
August 24 2016 23:11 GMT
#96251
North Carolina Gov. Pat McCrory (R) polled nine points behind Democratic challenger Roy Cooper in a Monmouth poll of the state's gubernatorial election.

Cooper leads McCrory 52-43, with Libertarian candidate Lon Cecil polling at 3 percent.

McCrory has gained national attention for signing HB2, which prevents cities and counties from passing their own anti-discrimination rules and barred individuals from the right to sue their workplace for any kind of discrimination.

Among those polled, 55 percent disapproved of HB2 and another 70 percent thought the legislation gave North Carolina a bad reputation nationally.

Monmouth had not previously polled the North Carolina governor's election, but a NBC/WSJ/Marist poll from earlier this month showed Cooper ahead by seven percent, 51-44.

The Monmouth University poll was conducted Aug. 20-23 among 401 likely North Carolina voters, and has a margin of error of plus or minus 4.9 percent.

TPM's PollTracker Average for the North Carolina gubernatorial election shows Cooper leading McCrory, 51.7 to 43.3.


Source
"Smokey, this is not 'Nam, this is bowling. There are rules."
ticklishmusic
Profile Blog Joined August 2011
United States15977 Posts
Last Edited: 2016-08-24 23:33:43
August 24 2016 23:33 GMT
#96252
On August 25 2016 07:21 KwarK wrote:
Show nested quote +
On August 25 2016 07:13 Plansix wrote:
On August 25 2016 07:03 LegalLord wrote:
Maybe they're just not that interested in undercutting each others' profits.

Unclear if this is sarcasm, but that is illegal. No set of companies can intentionally not compete to keep their prices artificially high. Especially in a field like this.

That's not always how it works in practice. If company A already has an established production line and is gouging then company B should not run the numbers for whether it's worth investing in their own line at current profit levels but rather at post competition levels. Once B can compete with A the prices will drop below the floor needed to justify B's investment. Just because A is gouging doesn't mean B wants to undercut, the competition is not profitable for either party.


This is more or less why for example Teva is the generic drug king of the world. It's got massive production and distribution scale already and makes a decent profit in the current environment. Competing would reduce profits and require a huge upfront investment, which is why no one is trying to dethrone Teva. Well, at a very basic level that's how it works.
(╯°□°)╯︵ ┻━┻
Danglars
Profile Blog Joined August 2010
United States12133 Posts
August 25 2016 00:12 GMT
#96253
On August 25 2016 06:03 Sermokala wrote:
The sick shit is that the actual medicine thats being injected is really cheap its that the company is shitty for charging $200 or more for the spring loaded injector. theres another company thats selling it for cheaper but not that much.

If a free market was truely free a company should come up to undercut the profits for something like this. the government isn't the only thing keeping the market from being free.

If the free market was really free, Teva would already have its competitor on the market. The FDA held it up, perhaps with reason I don't really know, and the FDA is not a private company that just wants to gouge and harm. The market based reforms include lowering the regulatory burden for startup drug manufacturers to increase competition and general market reforms for health insurance programs to increase their availability and lower cost.

So yes a company did come out to do just that, and blaming the markets is misassigning the blame. And fuck if the American system was truly a free market instead of a heavily mixed market, then maybe the free market could be a free market and start working again.
Great armies come from happy zealots, and happy zealots come from California!
TL+ Member
Doodsmack
Profile Blog Joined August 2010
United States7224 Posts
Last Edited: 2016-08-25 00:32:43
August 25 2016 00:28 GMT
#96254
"The only enthusiastic supporters of her campaign are Hollywood celebrities, in many cases celebrities that aren’t very hot anymore"

- D. Trump, 8/24/16


What does a man with such a need to insult people, and such a history with lawsuits, do with presidential power?

He has admitted himself recently of being unable to let things go.
CannonsNCarriers
Profile Joined April 2010
United States638 Posts
August 25 2016 00:36 GMT
#96255
On August 25 2016 09:28 Doodsmack wrote:
"The only enthusiastic supporters of her campaign are Hollywood celebrities, in many cases celebrities that aren’t very hot anymore"

- D. Trump, 8/24/16


What does a man with such a need to insult people, and such a history with lawsuits, do with presidential power?

He has admitted himself recently of being unable to let things go.


Trump is just confirming that literally every word ever out of his mouth is a lie. He can't say one true sentence. (if you support Trump you support such unending lying as well)

Trump: Scott Baio, "Duck Dynasty" old man, Jon Voight

Clinton: Beyonce, Leonardo DiCaprio, Matt Damon, Julianne Moore, Kerry Washington and George Clooney and Timberlake

http://talkingpointsmemo.com/livewire/trump-clinton-celebrity-supporters-not-very-hot
Dun tuch my cheezbrgr
{CC}StealthBlue
Profile Blog Joined January 2003
United States41117 Posts
August 25 2016 00:54 GMT
#96256
So tomorrow should be interesting.

"Smokey, this is not 'Nam, this is bowling. There are rules."
Nebuchad
Profile Blog Joined December 2012
Switzerland12472 Posts
August 25 2016 00:55 GMT
#96257
"Among those polled, 55 percent disapproved of HB2 and another 70 percent thought the legislation gave North Carolina a bad reputation nationally."

15% of NC value fighting against anti-discrimination more than they value not being perceived to be assholes, that's nice :D
No will to live, no wish to die
GreenHorizons
Profile Blog Joined April 2011
United States24051 Posts
August 25 2016 01:13 GMT
#96258
Bernie Sanders Live #OurRevolution event.
"People like to look at history and think 'If that was me back then, I would have...' We're living through history, and the truth is, whatever you are doing now is probably what you would have done then" "Scratch a Liberal..."
WhiteDog
Profile Blog Joined November 2010
France8650 Posts
August 25 2016 01:14 GMT
#96259
On August 25 2016 10:13 GreenHorizons wrote:
Bernie Sanders Live #OurRevolution event. https://www.youtube.com/watch?v=Kp4tFcwkjhQ&feature=youtu.be

Are you there GH ? Can you get some TL sign so that we identify you.
"every time WhiteDog overuses the word "seriously" in a comment I can make an observation on his fragile emotional state." MoltkeWarding
zf
Profile Joined April 2011
231 Posts
August 25 2016 01:25 GMT
#96260
On August 25 2016 09:55 Nebuchad wrote:
"Among those polled, 55 percent disapproved of HB2 and another 70 percent thought the legislation gave North Carolina a bad reputation nationally."

15% of NC value fighting against anti-discrimination more than they value not being perceived to be assholes, that's nice :D


Other way around. 15% more believe HB2 gives North Carolina a bad reputation. (Presumably, the 55% who disapprove also believe it gives the state a bad reputation.)
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