American Paid BILLIONS To Fund Medications. Guess Where It Went?

  Рет қаралды 40,422

The Young Turks

The Young Turks

Күн бұрын

Americans shelled about $11.7 billion for the development of vital drugs. The profits of these drugs went straight to the shareholders. Ana Kasparian discusses on The Young Turks. Your Support is Crucial to the Show: go.tyt.com/joi...
Get the Progressive battle plan: go.tyt.com/boo...
Watch TYT LIVE on weekdays 6-8 pm ET. kzbin.info...
Read more HERE: www.levernews....
"As the government begins its first-ever price negotiations for a handful of medicines under Medicare, the pharmaceutical industry has launched an all-out legal and PR assault on this meager attempt to control out-of-control drug prices for the country’s most vulnerable. Big Pharma reasons that the government has no place setting prices for the drugs developed by private companies.
But the government, and by extension taxpayers, heavily subsidizes the development of drugs in this country. Now a bombshell new report reveals that Americans funded the development of all 10 drugs up for price negotiations, shelling out a total of $11.7 billion on their research. In 2022 alone, Big Pharma made $70 billion selling those same drugs - and now they want to keep their prices sky high."
***
The largest online progressive news show in the world. Hosted by Cenk Uygur and Ana Kasparian. LIVE weekdays 6-8 pm ET.
Help support our mission and get perks. Membership protects TYT's independence from corporate ownership and allows us to provide free live shows that speak truth to power for people around the world. See Perks: ▶ www.youtube.co...
SUBSCRIBE on KZbin: ☞ www.youtube.com...
FACEBOOK: ☞ / theyoungturks
TWITTER: ☞ / theyoungturks
INSTAGRAM: ☞ / theyoungturks
TWITCH: ☞ www.twitch.com/tyt
👕 Merch: shoptyt.com
❤ Donate: www.tyt.com/go
🔗 Website: www.tyt.com
📱App: www.tyt.com/app
📬 Newsletters: www.tyt.com/ne...
If you want to watch more videos from TYT, consider subscribing to other channels in our network:
The Watchlist / watchlisttyt
Indisputable with Dr. Rashad Richey / indisputabletyt
Unbossed with Nina Turner / unbossedtyt
The Damage Report ▶ / thedamagereport
TYT Sports ▶ / tytsports
The Conversation ▶ / tytconversation
Rebel HQ ▶ / rebelhq
TYT Investigates ▶ / @tytinvestigatesreports
#TYT #TheYoungTurks #BreakingNews
240228__TA05ReportAmericansPaid

Пікірлер: 325
@TheYoungTurks
@TheYoungTurks 7 ай бұрын
We Need You to Become a Member Today: go.tyt.com/theyoungturksmember
@jessetorres8738
@jessetorres8738 7 ай бұрын
We need Medicare-For-All/a universal healthcare system in The United States! What's more "pro-life" then ensuring everyone living here has guaranteed affordable healthcare regardless of their job? If we all have access to healthcare, we would have the "freedom" to live long lives without having to worry about medical bankruptcies. Taxes will go up, but overall medical bills will go down. If some of us need additional healthcare, then we have the "choice" to acquire private insurance. If every other developed country (Canada, Germany, United Kingdom, France, Italy, Sweden, Norway, Denmark, Finland, Netherlands, Switzerland, Israel, Taiwan, Japan, South Korea, Hong Kong, Singapore, Australia, & New Zealand) can implement this system & save money, then why can't The United States do the same to help "Make America Great Again" for everyone when it comes to healthcare? Ginally, if people in The United States die from a lack of access to affordable health insurance then we are failing our country's promise of defending "life, liberty, & the pursuit of happiness" for its citizens as well as "promoting the general welfare" of everyone living here.
@jessetorres8738
@jessetorres8738 7 ай бұрын
Price gouging of pharmaceutical drugs makes no sense to me; if you as a company charge medications so much that many potential customers can't afford them, then how are you going to make money off those medications in the long-term with only the wealthy top percentage of the population being able to afford them? I think The U.S. Federal Government needs to have some form of price control to ensure that we don't pay an absurd amount for prescriptions compared to other developed countries. If a bottle of pills in say Germany costs $6.00, that same bottle of pills shouldn't cost more then 50% extra here in the U.S., which would be $9.00 in this case. I'm not saying pharmaceutical companies don't deserve to make profit for their research and development, but they shouldn't be able to charge insane prices for their life saving products that most uninsured Americans can't afford.
@Dan-xx5jq
@Dan-xx5jq 7 ай бұрын
EXPLAINS HOW VIVEK RAMASLIMY BECAME A BILLIONAIRE BEFORE THE AGE OF 36!!! HE IS ALSO A CLOSE FRIEND OF BIG PHARMA BOY. VIVEK BROUGHT IN THE BEST SCIENTISTS FROM INDIA ON H1-B VISAS TO DO ALL THE RESEARCH WORK. It SUCKS!!!
@ivnarc6430
@ivnarc6430 7 ай бұрын
I wont give you money that you will then give to deranged genocide propagandist ben glib
@ericcarlson6822
@ericcarlson6822 7 ай бұрын
We need to make a law that private companies can not privatley profit from publicly funded research.
@Dan-xx5jq
@Dan-xx5jq 7 ай бұрын
EXPLAINS HOW VIVEK RAMASLIMY BECAME A BILLIONAIRE BEFORE THE AGE OF 36!!! HE IS ALSO A CLOSE FRIEND OF BIG PHARMA BOY. VIVEK BROUGHT IN THE BEST SCIENTISTS FROM INDIA ON H1-B VISAS TO DO ALL THE RESEARCH WORK.
@dEadERest
@dEadERest 7 ай бұрын
socialism for corporations, capitalism for the workers
@larryoffranklin2634
@larryoffranklin2634 7 ай бұрын
Every US citizen should be listed on the patents as owners of the drugs.
@davidvasquez6197
@davidvasquez6197 7 ай бұрын
Healthcare in America sucks!
@toadjiang7626
@toadjiang7626 7 ай бұрын
Socializing the costs and privatizing the profits, that's always been the motto of American Big Pharma.
@ericcarlson6822
@ericcarlson6822 7 ай бұрын
Privatize the gains, socialize the losses. Capitalism at its finest.
@Dan-xx5jq
@Dan-xx5jq 7 ай бұрын
EXPLAINS HOW VIVEK RAMASLIMY BECAME A BILLIONAIRE BEFORE THE AGE OF 36!!! HE IS ALSO A CLOSE FRIEND OF BIG PHARMA BOY. VIVEK BROUGHT IN THE BEST SCIENTISTS FROM INDIA ON H1-B VISAS TO DO ALL THE RESEARCH WORK.
@telescopicS627
@telescopicS627 7 ай бұрын
Capitalism wouldn't allow socialization. Real capitalism has never been tried 🤣
@MichaelLloydMobile
@MichaelLloydMobile 7 ай бұрын
Awesome business model! 1) Develop chemical pharmaceuticals that cause as many complications as they solve problems. 2) Manipulate the government to force Americans to pay for R&D. 3) Charge citizens an obscene amount for the pharmaceuticals that the citizens paid for. 4) Buy off politicians to have laws passed that prevent the pharmaceutical companies from being sued. Strange, that business model seems corrupt, however it is apparently legal in the United States.
@user-ss3ud7pp7f
@user-ss3ud7pp7f 7 ай бұрын
What a corrupt country!
@grumpyoldlady_rants
@grumpyoldlady_rants 7 ай бұрын
My husband takes Eliquis. When he first started on it, it was about $450 a month. Now, it’s around $700. With his Medicare part D, it costs us around $45 a month until he falls in the “donut hole” then it costs us over $100 a month. This is in addition to his part D premium which is around $79 a month.
@kenofken9458
@kenofken9458 7 ай бұрын
It costs probably all of about $10 to make a month's supply, if even that.
@judyandrews2543
@judyandrews2543 7 ай бұрын
Talk to the elderly, we are screwed. I had to go to hospice to get my medication. That I had to beg for every month from Medicare and insurances. I was so tired. I paid, paid and paid.
@jaywright4671
@jaywright4671 7 ай бұрын
And what are we going to do? Nothing just complain about it and they know thats all we can do.
@CouchAlien
@CouchAlien 7 ай бұрын
In fact. Some Americans would passionately fight those trying to change things for the better in order to keep living in comfort and security.
@Michelle-yw1lv
@Michelle-yw1lv 7 ай бұрын
And they what to cut social safety net's !
@mick8888V
@mick8888V 7 ай бұрын
We've known this for decades and I will be filing for bankruptcy due to the injustice.
@Jackdale101
@Jackdale101 7 ай бұрын
All the paid in taxpayers money must be paid back immediately. No questions. And the abhorrent prices these drugs are sold at is sickening.
@IndyAvocadoKid
@IndyAvocadoKid 7 ай бұрын
Seriously, payback with loan type interest should be the default legal requirement for this sort of thing, right now it seems like just a free Christmas gift for rich corporations. And drug prices for drugs developed with govt. help should have price caps unless corporations can explain any increases requested
@bigfatbaataed
@bigfatbaataed 7 ай бұрын
Inulin was developed about 100 years ago in Canada & the doctors sold the patent for $1 because they thought the drug was too important & they wanted it to be affordable for everyone...
@SmirkInvestigator
@SmirkInvestigator 7 ай бұрын
Dang if only cartels cooked these high ticket pharmaceuticals instead of fentanyl like a bunch of dweebs. The best customer is still a living customer.
@sstephkate86
@sstephkate86 7 ай бұрын
Can you imagine a drug lord that runs meds for high blood pressure. That would be insane.
@The_Tiffster
@The_Tiffster 7 ай бұрын
So where's the return on investment for taxpayers?
@Michelle-yw1lv
@Michelle-yw1lv 7 ай бұрын
Sky high prices . But only whispered about . Go , Katie Porter ! And I don't live in California .
@kainlockley
@kainlockley 7 ай бұрын
By all rights, this oughta make every single taxpayer a shareholder
@jessetorres8738
@jessetorres8738 7 ай бұрын
We need Medicare-For-All/a universal healthcare system in The United States! What's more "pro-life" then ensuring everyone living here has guaranteed affordable healthcare regardless of their job? If we all have access to healthcare, we would have the "freedom" to live long lives without having to worry about medical bankruptcies. Taxes will go up, but overall medical bills will go down. If some of us need additional healthcare, then we have the "choice" to acquire private insurance. If every other developed country (Canada, Germany, United Kingdom, France, Italy, Sweden, Norway, Denmark, Finland, Netherlands, Switzerland, Israel, Taiwan, Japan, South Korea, Hong Kong, Singapore, Australia, & New Zealand) can implement this system & save money, then why can't The United States do the same to help "Make America Great Again" for everyone when it comes to healthcare? Ginally, if people in The United States die from a lack of access to affordable health insurance then we are failing our country's promise of defending "life, liberty, & the pursuit of happiness" for its citizens as well as "promoting the general welfare" of everyone living here.
@potrelviewer9536
@potrelviewer9536 7 ай бұрын
A country can't function without living and healthy citizens.
@TJWinter1221
@TJWinter1221 7 ай бұрын
CORRECT! I'd rather have higher taxes than be dead or spending my entire life savings just so I can live! The wealthy don't have to worry about that, so of course they'll be against healthcare for all! Stop voting for corrupt corporate politicians! Vote progressive!
@Tagger0325
@Tagger0325 7 ай бұрын
Just like the oil drilling, we subsidize. Not our oil . Socialize cost , privatize profits..
@OMMXxPeNnY
@OMMXxPeNnY 7 ай бұрын
Farming as well
@debrawhite6145
@debrawhite6145 7 ай бұрын
It's a racket, like war and everything else.
@michaelccopelandsr7120
@michaelccopelandsr7120 7 ай бұрын
It's a predatory practice. Just tax them 60-80%.
@jerryfowler9876
@jerryfowler9876 7 ай бұрын
Developed using taxpayer funds, easy negotiation, no cost until research money repaid, then only 5% over cost, since they probably won't pay any taxes.
@sherranthomas1101
@sherranthomas1101 7 ай бұрын
Thanks again Anna for bringing up this subject. When as Americans are we going to be sicken tired of voting in People who don't represent the best of their constituents'interest. We all need health care
@user-ss3ud7pp7f
@user-ss3ud7pp7f 7 ай бұрын
But as you guys point out over and over, it’s run by corporations.
@pop5678eye
@pop5678eye 7 ай бұрын
Look up the Saturday Night Live Sketch 'Drug Company Hearing' in case you wonder how companies come up with these drug names...
@huha47
@huha47 7 ай бұрын
If I were living in the States, I wouldn't have been able to afford a special therapy for my asthma, which cost over €21,000 for the first year (€3,000+ / shot, 7 in total). My cost was ca. €7/ dose. I have been on this therapy for 5 years and am down to 2-3 doses/year. No one here pays more than a standard prescription fee, regardless of the actually cost of any drug. Although I still have asthma, I have also learned a natural way to reduce all my asthma medications to zero, and have been med free for over 4 years. My therapy is approaching its final phase, which has to do with regulating my breathing rhythm which was more like a wild rollercoaster ride.
@ThaStonedGardner
@ThaStonedGardner 7 ай бұрын
Before i hear the answer to, "guess where it went," im going to guess stock buy backs and executive bonus checks.
@murlthomas2243
@murlthomas2243 7 ай бұрын
These companies ought to be given a choice: have research and development funds discontinued, or reduce the price to the American people to one dollar less than the cheapest price they sell it to people out of the country.
@WallaceAhtone-sq6ty
@WallaceAhtone-sq6ty 7 ай бұрын
Its insane how your life can be sabotaged by a medical event that is totally out of your control, so that you have to choose poverty, jail, or death. I work two jobs, live alone, and still don't feel financially secure. I like so many in our country, am just one medical event away from going into unpayable debt; even though, I have health insurance. What really irks me, is that some still have this attitude of "tough luck", or "it sucks to be you".
@carrolclark6270
@carrolclark6270 7 ай бұрын
COPD inhalers 529$most senior citizens receive 700 and less on social security how do you pay for the medication
@pvtpain66k
@pvtpain66k 7 ай бұрын
I did quick math, around 40 billion on JUST the drugs listed.
@dianarockwell6256
@dianarockwell6256 7 ай бұрын
They didn’t have to spend the money on the research yet they claim according to Katie Porter that the major costs and the reasons why the drugs are so expensive is the R&D. When I find interesting, is that every single one of those on the list is heavily advertised. In both print and online and on television Ads we are told multiple times a day to ask our doctor about this drug. And many times you have no idea what it’s treating or how to find out if you have whatever it is they’re treating. What I find incredulous is that the FDA has approved these things in 20 years down the road they outlaw them because too many people have died And at the same time the list of side effects is breathtakingly horrible. In some of these cases, I would rather have the disease then have the side effects.
@brandym.williams7314
@brandym.williams7314 7 ай бұрын
This Needs to STOP.
@spaceballs44
@spaceballs44 7 ай бұрын
Other countries wouldn’t do this.
@mark.of.the.beast.6662
@mark.of.the.beast.6662 7 ай бұрын
Scamerica the land of the fleeced
@kennyljs
@kennyljs 7 ай бұрын
How is it a scam?
@kimberlyboyd5899
@kimberlyboyd5899 7 ай бұрын
We're getting so ripped off, why do we stand for it???!
@MmmHuggles
@MmmHuggles 7 ай бұрын
Because most people don't want to risk anything fighting for something they probably feel they can't win anyway. If you really want to do something worthwhile in the long term, don't vote republican.
@W_Bin
@W_Bin 7 ай бұрын
Total corruption.
@obi-ron
@obi-ron 7 ай бұрын
All it would take is a law to licence the basic research out to pharma with clauses to end licences when overpricing takes place and a government right to switch the licences to more competitive companies. Then set up a special multipartisan investigative force outside of government to prosecute legislators for corruption to make sure they keep their hands out of the cookie jar.
@ChuckLu-en3ul
@ChuckLu-en3ul 7 ай бұрын
Billionaires and Corporations see Taxpayer Money ... As their own personal funds ... They can dip into whenever they please ... That should be general knowledge by now
@waitz001
@waitz001 7 ай бұрын
What is uo with Americans never getting their ROI?
@moreanimals6889
@moreanimals6889 7 ай бұрын
Cool! The drug companies owe me money back! I never have to pay for drugs again! Right?
@dang9668
@dang9668 7 ай бұрын
I haven’t watched the video yet because I paused it, and I am probably wrong.. but I am going to guesssss, CEO salaries and bonus’ or stock buy backs. Let’s see! Wooo 😢
@dugfriendly
@dugfriendly 7 ай бұрын
I’m on Eliquis. Gonna retire out of the USA because I can get the generic at a fraction of the price. BMS keeps getting patent extensions granted 🤬
@dianealberga5474
@dianealberga5474 7 ай бұрын
True. And you can also get the Eliquis Brand at a fraction of the price if you would rather. It is more than the generic of course but way lower than here. I'm not against generics, I'm just sayin'.
@arlomoot1379
@arlomoot1379 7 ай бұрын
Kinda pisses me off to learn my tax money went toward developing xeralto but when i needed it and my insurance lapsed I had to pay over 400 bucks a month out of pocket to stay alive while o couldn't work
@lizaronni
@lizaronni 7 ай бұрын
Good. Now talk about how pharmacy benefit managers (PBM’s) fleece their share from behind the scenes.
@jessetorres8738
@jessetorres8738 7 ай бұрын
Price gouging of pharmaceutical drugs makes no sense to me; if you as a company charge medications so much that many potential customers can't afford them, then how are you going to make money off those medications in the long-term with only the wealthy top percentage of the population being able to afford them? I think The U.S. Federal Government needs to have some form of price control to ensure that we don't pay an absurd amount for prescriptions compared to other developed countries. If a bottle of pills in say Germany costs $6.00, that same bottle of pills shouldn't cost more then 50% extra here in the U.S., which would be $9.00 in this case. I'm not saying pharmaceutical companies don't deserve to make profit for their research and development, but they shouldn't be able to charge insane prices for their life saving products that most uninsured Americans can't afford.
@therealjammit
@therealjammit 7 ай бұрын
It makes more sense when you realize the same politicians who allow this to happen also make abortions and family planning illegal. Nothing more useful than a reusable victim.
@ObiWanCannabi
@ObiWanCannabi 7 ай бұрын
the illusion of freedom security or choice? like all your money does
@davidmalinowski489
@davidmalinowski489 7 ай бұрын
This is soo disturbing especially because I cannot afford the life saving medications that I need 😢
@TheGriegs
@TheGriegs 7 ай бұрын
Can you honestly still call yourselves the best country on Earth when literally "everything" is corrupt and broken? When Health care, Guns, Politics, Insurance, Housing, Legal etc etc etc, is so steeped in corruption that it's impossible to see how you could ever dig your way out? You treat each other so poorly each and every day, and there is not a single thing every done about it. Channels like this?, whilst great for people that watch it, do they really have any form of meaningful impact what-so-ever? I would hazard that they do not. Not when there is so much corruption stemming from the very top all the way down. You're lost.
@danthsmith
@danthsmith 7 ай бұрын
you forgot to mention that America has over 2 million in Jail. A failed state if ever there was one
@TheGriegs
@TheGriegs 7 ай бұрын
@@danthsmithAnd for petty things too. Also, privatizing them, how was that ever going to end up in anything "other" than abject failure?
@Iwonder2
@Iwonder2 7 ай бұрын
How many of our political representatives invest in pharma in their personal stock portfolios?
@omarb1912
@omarb1912 7 ай бұрын
This is not news. This been around for years
@laurahobbie4971
@laurahobbie4971 7 ай бұрын
Turn that money into public shares
@BlankBrain
@BlankBrain 7 ай бұрын
Make generic alternatives available immediately.
@kimberlyboyd5899
@kimberlyboyd5899 7 ай бұрын
Why do they get to profit, our drugs need to be federalized....
@glucillewhite2213
@glucillewhite2213 7 ай бұрын
The companies should have tppay this money back to the taxpayers. This has to be more equitable. If they want the help then they need to put money back into Medicaid, Medicare until the taxpayer money goes back into tax payer benefits
@mamatrain100
@mamatrain100 7 ай бұрын
My hubs spends 450 a month on his heart meds. One is jardience. He has Medicare part d to cover drugs at 140 a month. Drug coverage alone!
@mamatrain100
@mamatrain100 7 ай бұрын
That ads up to 590 a month! On drugs.
@brinaldi81
@brinaldi81 7 ай бұрын
Doesn't that make them our drugs
@rickyhartley8936
@rickyhartley8936 7 ай бұрын
Taxpayers are charged twice for those who take the medication others pay regardless
@HappyBanjo-oc3pc
@HappyBanjo-oc3pc 7 ай бұрын
When I hear about a story like this it makes me happy I have my Canadian universal healthcare which causes me to get my blood pressure prescriptions for free.
@dca4840
@dca4840 7 ай бұрын
Reverse Socialism.
@mackwiz1
@mackwiz1 7 ай бұрын
WTF is that? Capitalism.
@coreysanders7140
@coreysanders7140 7 ай бұрын
@@mackwiz1 Socialism is for the rich, and capitalism is for the poor.
@apokatastasian2831
@apokatastasian2831 7 ай бұрын
nope thats just socialism, all socialist regimes devolce into corrupt people taking advantage thats why it sounds good on paper and yet thinking people don't agree to it
@kimberlyboyd5899
@kimberlyboyd5899 7 ай бұрын
We pay double for our medications, first when we developed the drugs, they then get to gouge us for even more money to use the paid for medication....
@tradeprosper5002
@tradeprosper5002 5 ай бұрын
Dang! I'm on one of these drugs (Eloquis). The cost is $600 per month, so even with insurance it cost me $120/month.
@opaqueandbluefrommyphone4339
@opaqueandbluefrommyphone4339 7 ай бұрын
I’m prescribed one of those medications, was told it’s a drug that could help me with all of my autoimmune disorders. The drug had to be approved by medicaid so I could be prescribed it 🙄
@benthreadgate5190
@benthreadgate5190 7 ай бұрын
What you say seems like a joke in a movie about capitalism run amok. A parody so ridiculous it could never be, but ffs, you are just stating the truth of your situation. I'm in awe of that fact. And disgusted, and my heart breaks for you and everyone in your situation. I'm bloody sorry, I dunno how to finish this, it just shits me to tears. May I suggest looking up Australian "bulk billing" practices, and the PBS ( pharmaceutical benefit scheme) we have. Take a print out of that to your local politician and shove it up their nose. Or not, sounds a bit exhausting, and autoimmune stuff is a bitch. Either way, all the best to you.
@TurtleTimeVoiceOvers
@TurtleTimeVoiceOvers 7 ай бұрын
Haven’t watched the video yet, but can’t wait to see which American paid billions to fund medications and where it went (title currently says _American paid billions_ to fund medication‘s…).
@LastTrueConservative-or4ps
@LastTrueConservative-or4ps 7 ай бұрын
The boards of these companies hand out stock options to their execs like it's candy. Why isn't the US getting options or stock in exchange for these investments? It's done elsewhere. Norway gets lots of money that goes into its "social security" programs that all their citizens benefit from. We the People need to stop allowing our politicians to give our money to companies in exchange for enriching themselves. Morally that's a crime, it needs to be legally a crime.
@charleediaven6278
@charleediaven6278 7 ай бұрын
How? my Delaware vote was and is meaningless. I had a perfect 50 year voting record, and it was not different than a crazy person doing the same thing repeatedly and expecting a different result. I voted for Senators Carpers and Coons whose campaigns run on big pharma money. I will not long vote.
@JimGEDDIS3000
@JimGEDDIS3000 7 ай бұрын
This is very outrageous.
@pequodexpress
@pequodexpress 7 ай бұрын
Taxation without representation.
@kainlockley
@kainlockley 7 ай бұрын
Y'wanna talk book-banning, how come nobody targeted Atlas Shrugged? I HATE iconoclasty, but Ayn Rand is to blame for all these global corporations' stripmining the populus in order to avoid any overhead...
@soniagomez5197
@soniagomez5197 7 ай бұрын
I take stalara for crohn's. I have medicad and I asked how much it costs. They said $25,000.00+ for one treatment. One year of this medicine would pay for out house.
@mikean1123
@mikean1123 7 ай бұрын
Cdc could build its own research facility...Duh
@jensonee
@jensonee 7 ай бұрын
we should at least get royalties for all the basic research and be able to negotiate the price.
@street_cheeks
@street_cheeks 7 ай бұрын
illumina ex ceo just built a compound with multiple homes on the property in Rancho Santa Fe, CA thanks to taxpayers
@steven2183
@steven2183 7 ай бұрын
I don't even need to watch the video. The answer is always "into the pockets of the already wealthy"....
@brinaldi81
@brinaldi81 7 ай бұрын
Greatest country in the world yall
@shazamshazamshazam696
@shazamshazamshazam696 7 ай бұрын
I propose that all pharmaceutical corporations that used tax funds and state tax funded university research to fund research be required to repay the tax funds via a royalty payment, needed since they are famous for paying little or no income taxes.
@davidwong5197
@davidwong5197 7 ай бұрын
That is going to be difficult. Let's say a university discovered a material with a special property but with no application and I develop an application? I proposed make all IP public domain and let competition take over. And publish a price list for all medical service. US is the only country that has different price for different people. FYI, I am getting my med from Canada and it is 60% cheaper.
@shazamshazamshazam696
@shazamshazamshazam696 7 ай бұрын
@@davidwong5197 Your invention would still be based on tax funded research, why should you not pay a royalty for what you did not create but was created by tax funds.
@SteveJohnson-fy7qr
@SteveJohnson-fy7qr 7 ай бұрын
Private jets and superyachts are very expensive.
@RobertJohnson3344
@RobertJohnson3344 7 ай бұрын
Stelara saved me from getting a colostomy bag.
@scooby45247
@scooby45247 7 ай бұрын
well, we the people didnt get the medication and we didnt get the profit so..
@seventybuick
@seventybuick 7 ай бұрын
Follow the money. See who on Congress is invested in these companies. See who is lobbying Congress to keep the money flowing from tax payers to the rich.
@CynthiaBursey
@CynthiaBursey 7 ай бұрын
companies get paid two or three times 🤑💰🤯😠🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑
@caru3257
@caru3257 7 ай бұрын
$1k for a month supply for my wife. One med alone.
@audralynn7454
@audralynn7454 7 ай бұрын
Those drug dealers are greedy bastards. If we paid to develop these drugs, they should NOT be available for a profit to a company.
@davidwong5197
@davidwong5197 7 ай бұрын
They should be open source. Generic right off the bat.
@davidhand9721
@davidhand9721 7 ай бұрын
Yeah, that's really not the whole picture. The way Ana always expresses it is somewhat misleading. The basic research that is publicly funded does not produce a working drug on its own. It's a prerequisite, but it doesn't give you the exact drug molecule in most cases, it does not cover any of the formulation concerns that influence the drug's bioavailability, it doesn't tell you any of the side effects, and it does not establish the drug's compliance with health and safety regulations. The drug company has to hire people to not only do this research on their own, but also to stay current with basic research in order to make use of it. Public funds don't enter into any of that. Don't get me wrong, big pharma is gouging us, literally to death in some cases. We should be mad about that and we shouldn't accept it. I'm just telling you the nuance that Ana left out.
@Dan-xx5jq
@Dan-xx5jq 7 ай бұрын
EXPLAINS HOW VIVEK RAMASLIMY BECAME A BILLIONAIRE BEFORE THE AGE OF 36!!! HE IS ALSO A CLOSE FRIEND OF BIG PHARMA BOY. VIVEK BROUGHT IN THE BEST SCIENTISTS FROM INDIA ON H1-B VISAS TO DO ALL THE RESEARCH WORK.
@JamesCoot-j9b
@JamesCoot-j9b 7 ай бұрын
Study is for long it will take to do the damage your body and to cause other sickness in your body
@dannybaker8030
@dannybaker8030 7 ай бұрын
You kind of glossed over cost of insulin development, it's really worth a deeper look: **On 23 January 1923, Banting, Collip and Best were awarded U.S. patents on insulin and the method used to make it. They all sold these patents to the University of Toronto for $1 each. Banting famously said, “Insulin does not belong to me, it belongs to the world.” He wanted everyone who needed it to have access to it.** You could do a whole show on what happened with the patent after that...
@leroybrownjr
@leroybrownjr 7 ай бұрын
This whole system needs to be thrown away
@MiltonJonEspinosa-gw2jx
@MiltonJonEspinosa-gw2jx 7 ай бұрын
Everything starts and stops with the almighty dollar. We the people are the geese that lay the golden eggs. America
@DavidEdwards9801
@DavidEdwards9801 7 ай бұрын
Fun fact, Big pharma already put out a commercial threatening us with a lack of future research if we try to lower drug costs.
@MmmHuggles
@MmmHuggles 7 ай бұрын
It's a bluff. They will still make a killing.
@OMMXxPeNnY
@OMMXxPeNnY 7 ай бұрын
Well let's just go to somebody else to develop We have great universities that do a lot of R&D for these pharmaceutical companies let's just have the government buy it from the universities
@lightfangx6961
@lightfangx6961 7 ай бұрын
We basically give them more than enough money they'd need and then they price gouge us a second time on top of the first time. The for profit drug industry needs to be abolished.
@yoswifty303
@yoswifty303 7 ай бұрын
There using all our tax money to fund all the wealth they inherited in the last 30 years. Can I please have my tax money back.? The Bridges, infrastructure, police policies and jobs has desecrated our neighborhoods.
@krishutch3d
@krishutch3d 7 ай бұрын
America should be spending money on developing medicine as it is very important but it should also spend a few hundred dollars on a contract negotiation course.
@Mfay4
@Mfay4 7 ай бұрын
Haven’t been to the channel in a couple years. Is this still a political new show? I just scrolled for a while, could find any RFK JR coverage?
@TheBagOfHolding
@TheBagOfHolding 7 ай бұрын
Eventually, the patent will expire. Drugs we have today that are free to replicate wouldn't exist if we didn't fund them in the past. Its good for humanity in the long run. There are plenty of other countries that can invent drugs without profit but they don't because there is no incentive to the scientists and companies.
@milesgodin4417
@milesgodin4417 7 ай бұрын
Medicinal value to patient should have no place in today's narrative related to pricing. At cost manufacturing+20% should be industry standard.
@TheBagOfHolding
@TheBagOfHolding 7 ай бұрын
What about research and development? They wouldn't even invent the drugs to manufacture if there wasn't an incentive? They will eventually lose the patent and they will be cheap.
@lockelamora0717
@lockelamora0717 7 ай бұрын
Our taxes help develop drugs that we eventually over-pay for. They should be required to offer a discount to Americans who helped pay for development. Sell it in other countries for maximum profits.
@mandyharewood886
@mandyharewood886 7 ай бұрын
In a perfect world yes, where America didn't bully the rest of us, invade the rest of us and pillage the resources of the rest of us, that would seem fair.
@OMMXxPeNnY
@OMMXxPeNnY 7 ай бұрын
Better yet stop giving them the money for R&D let them come up with it they always say that's where their money goes to Give R R&D money too Mark Cuban for his company that actually will Back to us at a reasonable price
@Nobody_114
@Nobody_114 7 ай бұрын
I am diabetic and I couldn't live or work normally without Jardiance. I'm glad they developed it.
@TheBagOfHolding
@TheBagOfHolding 7 ай бұрын
I'm glad they developed drugs in the past and their patent expired so they are cheap now. They don't get much time to make a profit on their inventions and they wouldn't have invented them at all if they couldn't make money. Other countries could invent new drugs and not make profit but they don't.
@dimimegesis
@dimimegesis 7 ай бұрын
why doesn't the government just develop drugs directly? hire chemists and apothecaries (idk how drugs are made sry) as federal employees.
@derekgoncz7970
@derekgoncz7970 7 ай бұрын
The US is one of the only developed countries who doesn’t do this. Because of that we’re the only country with a medical field worth speaking of. There’s a reason all good doctors come to medical school in the US and it’s because the government has little involvement. In most areas government is never the answer. That’s why.
@dereks6276
@dereks6276 7 ай бұрын
​@@derekgoncz7970 Who says Americans are arrogant? Nonsense...
@Lumi_Lumi13
@Lumi_Lumi13 7 ай бұрын
@@derekgoncz7970 LMFAO No.
@steweslaxe-ts6fg
@steweslaxe-ts6fg 7 ай бұрын
canada has pharmacare , canada loves it's people.
@BobMuskFan
@BobMuskFan 7 ай бұрын
Canada is a poor man's America
@MidnightRose.
@MidnightRose. 7 ай бұрын
@@BobMuskFanWe should all move to Canada then.
@MidnightRose.
@MidnightRose. 7 ай бұрын
@@BobMuskFanclearly America’s system is designed for the rich to thrive while everyone else tries to survive.
@HappyBanjo-oc3pc
@HappyBanjo-oc3pc 7 ай бұрын
⁠@@BobMuskFanCanada is not only not a poor man’s America Canada is actually than America.
@hunternedib1119
@hunternedib1119 7 ай бұрын
Primary healthcare in Canada is in crisis. One in six Canadians report not having a regular family physician, and less than half of Canadians are able to see a primary care provider on the same or next day.
Hedge Fund Manager Gets Hilariously OWNED On Social Media #TYT
8:32
The Young Turks
Рет қаралды 48 М.
Who Are Libertarians Going to Vote for? Dave Smith Joins TYT to Explain
30:24
Human vs Jet Engine
00:19
MrBeast
Рет қаралды 102 МЛН
Бенчик, пора купаться! 🛁 #бенчик #арти #симбочка
00:34
Симбочка Пимпочка
Рет қаралды 3,5 МЛН
MY HEIGHT vs MrBEAST CREW 🙈📏
00:22
Celine Dept
Рет қаралды 74 МЛН
НИКИТА ПОДСТАВИЛ ДЖОНИ 😡
01:00
HOOOTDOGS
Рет қаралды 2,7 МЛН
SHOE WEAR: What it means.  Why it matters.  How to fix it.
16:09
Theo Tanchak
Рет қаралды 552 М.
U.N: Israel Is DELIBERATELY Destroying Gaza's Health System
26:41
The Young Turks
Рет қаралды 65 М.
The Problem With Elon Musk
42:46
Johnny Harris
Рет қаралды 4,6 МЛН
Cenk Uygur Talks Democratic Prez Run, Joe Biden's Ego, The Young Turks + More
52:19
Breakfast Club Power 105.1 FM
Рет қаралды 236 М.
FTC Chair Lina Khan On Healthcare M&A
23:02
Oliver Wyman
Рет қаралды 3,6 М.
Why the U.S. Military Spends So Much Money
28:24
Johnny Harris
Рет қаралды 2,1 МЛН
WATCH: An Honest & Sensible Conversation about Global Energy | Scott Tinker
20:44
Alliance for Responsible Citizenship
Рет қаралды 1,8 МЛН
Poverty, victimhood and luxury beliefs | Rob Henderson
22:24
Israel vs Palestine | Jordan Peterson vs Sam Harris
14:58
Pangburn
Рет қаралды 85 М.
What Happened To UNRWA?
13:10
The Majority Report w/ Sam Seder
Рет қаралды 19 М.
Human vs Jet Engine
00:19
MrBeast
Рет қаралды 102 МЛН