Should the US Subsidize Pharmacy Companies? (user search)
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  Should the US Subsidize Pharmacy Companies? (search mode)
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Question: Should We Continue?
#1
Yes
 
#2
No
 
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Total Voters: 23

Author Topic: Should the US Subsidize Pharmacy Companies?  (Read 1029 times)
🐒Gods of Prosperity🔱🐲💸
shua
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Posts: 25,814
Nepal


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E: 1.29, S: -0.70

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« on: August 19, 2016, 02:17:31 PM »

Big Pharma collectively makes about 712 billion a year, and yet we shell out an average of 270 billion in subsidies from taxpayers. Should we continue to subsidize them? That's like half the deficit right there.

I'm guessing most of this is from Medicare, Medicaid, insurance subsidies, etc?
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🐒Gods of Prosperity🔱🐲💸
shua
Atlas Star
*****
Posts: 25,814
Nepal


Political Matrix
E: 1.29, S: -0.70

WWW
« Reply #1 on: August 19, 2016, 10:13:06 PM »

For those curious, this is my source of that number.

http://usuncut.com/class-war/10-corporate-welfare-programs-that-will-make-your-blood-boil/

We don't SPEND 270b, I should have worded that better, but that's overall the effect so to speak

Okay, sounds like a lot of that is questionable to call "subsidies," but rather are policies that allow drug companies to make billions by driving up prices while benefiting from millions in govt funded research.  But that should be changed, yes, through some form of patent reform.
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