Obama Care

[saden1]

Originally Posted by firstdown

A drug company only gets about 7 years from a patent because of the time to do the reserch and then get it approved eats up so much of the time on the patent. Take away the profit and we will loose because why risk they millions to produce a drug that might or might not work if you cannot make a decent profit. So if a person receives a goverment subsidy to purchase ins. is it just a discounted price in the goverment plan or can they use it anywhere?

These companies spend twice as much on marketing, bribing politicians and doctors than on research. Pfizer for example spent 16% of it's 2008 total revenue on R&D and 30% on drug pushing and administration. No question, the FDA approval process is cumbersome but let's not forget why...to keep these guys from knowingly pushing drugs that aren't safe.

If you partake in the public option you will get drugs at the prices the government was able to negotiate with the drug companies. If you decided to purchase insurance on your own and outside the exchange you'll get dugs at the rate your insurance company negotiated with the drug makers.