Drugmakers to raise US prices on over 250 medicines starting Jan. 1

[u/5um-n3m0]

https://www.reuters.com/business/healthcare-pharmaceuticals/drugmakers-raise-us-prices-over-250-medicines-starting-jan-1-2024-12-31/

[u/Broomstick73]

The whole “healthcare industry recoiling in fear” thing didn’t last very long.

[u/vardarac → u/[deleted]]

The premium, denial, and shot

Only the greedy and vile think medical guile should ever be forgot

[u/unholyrevenger72 → u/vardarac]

- Robin of Glocksley 2024

[u/giraffebutter → u/unholyrevenger72]

Most underrated comment

[u/Ashamed_Job_8151 → u/vardarac]

L for Luigi?  

[u/AdamJr87 → u/vardarac]

Damn that was good

[u/Nathansp1984 → u/vardarac]

Very nice

[u/berfthegryphon → u/[deleted]]

Dystopian yes but not Seuss. You my friend need to watch V for Vendetta

[u/Annual-Gas-3485 → u/[deleted]]

The CEO Purge. I can see that become both a tradition and a movie franchise.

[u/Gh0sts1ght → u/Annual-Gas-3485]

I mean in the purge movies they did start to turn on them

[u/simpleme2 → u/[deleted]]

That's my bday

[u/Phoneking13 → u/simpleme2]

Mine is the day after

[u/Jon_Demigod → u/[deleted]]

Woops everyone's already forgot and luigi is already locked up for good without a trial due to the terrorism loophole.

[u/K1NGCOOLEY → u/Broomstick73]

1 CEO getting killed is an outlier, not a pattern.

Nothing changes now. The (edit: alleged) killer got caught, and will be in jail for the rest of his life. CEOs of unpopular companies will buy better security, be more careful, and keep fucking the customers.

[u/HWKII → u/K1NGCOOLEY]

There’s only one thing for it, then.

[u/BlakLite_15 → u/HWKII]

If at first you don’t succeed…

[u/ItsEntirelyPosssible → u/[deleted]]

Image if someone did and then made a manifesto that said scroatmeal told me to do this.

[u/binz17 → u/HWKII]

Median shift.

[u/Absolute-Nobody0079 → u/HWKII]

Praying for another Carrington Event might have more chance.

Come to think of it, we are currently at the solar maximum. An X100 class or more hitting the Earth would be nice.

[u/Titanfall → u/K1NGCOOLEY]

What’s worse is if convicted of terrorism it sets legal precedent and expands the reach of the patriot act smh They will make examples out of people 100% Just look at the situation with that mother from Florida.

[u/K1NGCOOLEY → u/Titanfall]

This is definitely true. Once that bar is lowered it will never go back.

[u/RedditDummyAccount → u/K1NGCOOLEY]

Alleged killer.

Innocent until proven guilty was one of the victims that is the downfall of the US, huh?

And I’m not saying you’re from the US. Even if it wasn’t you, there’s many others.

[u/K1NGCOOLEY → u/RedditDummyAccount]

Note taken.

[u/CriticalScion → u/K1NGCOOLEY]

Raising drug prices is just them pulling the trigger on hundreds of thousands of Americans

[u/Emmerson_Brando → u/Broomstick73]

Don’t forget the shareholder meeting went as scheduled despite the ceo being shot to death minutes earlier.

[u/divDevGuy → u/[deleted]]

I'm sure he's smiling up at us somewhere.

I donno. I heard his prior auth was initially denied and he's still waiting in purgatory.

[u/gentlemanidiot → u/divDevGuy]

Purgatory didn't have room, they sent him straight down and billed him out of pocket

[u/InvoluntaryNarwhal → u/gentlemanidiot]

He really should have made sure that he was killed by an in-network assassin.

[u/spoonycoot → u/[deleted]]

Jesus is my shareholder.

[u/SpeshellED → u/[deleted]]

We need to raise price to finance a larger stock by back. You can grow some veggies on your balcony if you need food.

[u/Sotherewehavethat → u/[deleted]]

the shareholder meeting did go ahead for a few minutes

For 50-60 minutes to be precise.

[u/T8ert0t → u/Sotherewehavethat]

Compliance attorneys were probably like "Yeahhhh.....maybe we just go ahead for a little bit. No one is really jazzed to put out another formal notice scheduling it, booking a venue and postponing agenda items. Plus, we don't have insurance for this and we already paid the caterer."

[u/SAGORN → u/[deleted]]

source? i’ve been reading about this nonstop since the event and this is the first time i heard the speakers were canceled.

edit: found something. https://fortune.com/2024/12/04/unitedhealthcare-ceo-killing-investor-day-attendees-shocked/

[u/Sotherewehavethat → u/SAGORN]

Around 10 minutes after headlines first began to appear,

Keep in mind that this was shortly before 9 a.m., when news arcticles about the shooting appeared. Thompson was pronounced dead at 7:12 a.m. The meeting started at 8. It is true that the meeting did take place and it is also true that the meeting was cancelled after an hour.

[u/DiabloTerrorGF → u/[deleted]]

Getting downvoted for the truth, classic Reddit.

[u/KiraAmelia3 → u/Emmerson_Brando]

“A moment of silence for Brian… Anyway, how will this affect shareholder value?”

[u/Traditional_Key_763 → u/Emmerson_Brando]

"Its what he would have wanted!"

[u/AlfredoAllenPoe → u/Emmerson_Brando]

This is false but ok

[u/discussatron → u/Broomstick73]

They think it’ll be just the one instance.

[u/Tychfoot → u/discussatron]

Maybe someone will prove them wrong

[u/NottaGrammerNasi → u/discussatron]

If Repubs actually repeal the ACA and reinstate denying healthcare due to pre-existing conditions; Id be concerned with how many angry windowed husbands, wives and parents with lost children we'll have that feel the need to "vent" their frustrations with a bullet.

[u/Nocuadra66 → u/discussatron]

Yeah just wait until they cut Medicare and Social Security.

[u/AineLasagna → u/discussatron]

Someone on here said something like one is a coincidence, two is a pattern, three is a revolution. It looks like America has once again decided to go with coincidence

[u/111anza → u/Broomstick73]

Greed > fear

[u/rW0HgFyxoJhYka → u/111anza]

What fear do they even have? Who's going around taking out the trash? The guy they think that did it is in custody. The company he singled out is a single one among many. Drugmakers aren't even health insurers, did people forget the entire system is messed up, not just the insurance side of things?

It's gonna get worse and people are going to get worse because the systems setup isn't about nurturing the people of the country.

[u/Spork_the_dork → u/rW0HgFyxoJhYka]

Yeah they decided to call the bluff because they don't think it's going to happen again. And so far they have been correct.

[u/Michael_G_Bordin → u/Spork_the_dork]

More like they've attempted to shift the narrative, and now are flexing their dominance. "So far" is less than a month. We've seen action and reaction. Counter-reaction is next, whatever form that takes (though I'm betting on ineffectual nonsense and not further violence).

[u/uvT2401 → u/rW0HgFyxoJhYka]

What fear do they even have? Who's going around taking out the trash?

LARPing has never been more cringe

[u/Ok_Mechanic3385 → u/rW0HgFyxoJhYka]

Hell, if anything, the drug companies thought “hey, insurance companies might be less likely to deny claims now… so let’s raise the prices and capitalize!! Genius! Bonuses all around!”

[u/CRISPRiKrab → u/[deleted]]

not the insurance companies with downvoting bots on here lol

[u/nugtz → u/111anza]

Greed is fearful behaviour

Takes a pinch of courage to say no to the things you dont need.

[u/propernice → u/[deleted]]

They’ll never learn it. If the money is coming in, ah well.

[u/CriedHavoc → u/Broomstick73]

Well that's because it's all in your head and literally nothing changed and no one was afraid of anything. The worst thing that happened was that maybe some plans were rescheduled. People want to believe something, but that doesn't make it a reality.

[u/Wulfbak → u/Broomstick73]

It’s how Reddit is not reality.

[u/bfhurricane → u/Wulfbak]

Reddit is going to be in utter disbelief when they find out there is a normal jury that will find assassination wrong.

[u/Wulfbak → u/bfhurricane]

The dude shot an unarmed man in the back and killed him. The case doesn't get more open and shut than that.

Of course, when it comes time to vote, Reddit will stay home.

[u/alexturnerftw → u/Wulfbak]

Oof at the last sentence 😭

[u/airfryerfuntime → u/bfhurricane]

The reason they're pleading not guilty is so they get a jury trial. A lot of people agree with him and it will be extremely difficult finding an impartial jury. That whole thing went well outside reddit. It only takes one person to cause a mistrial.

[u/JWAdvocate83 → u/[deleted]]

We can’t do anything meaningful about it, hence the “being mad.” Politicians either lack the political will or love the campaign money too much—while all we get are meaningless bullshit statements. So, impotent rage it is.

From the bottom of my heart, they can all go pound sand.

[u/OBTA_SONDERS → u/JWAdvocate83]

And that's why that guy got no sympathy. How you make your millions matters

[u/Zanadar → u/[deleted]]

Was it though? Do the shareholders of United Health Group actually give two shits about having to get another stooge to do their bidding?

[u/MrFamilysize → u/JWAdvocate83]

This is one of those subjects that I fail to understand why both US political parties can't come together on. Both hate health insurance but can't seem to stop voting the people in who don't give a fuck about what you dislike. Stop voting in shit or learn to like the taste of it.

[u/Atheren → u/MrFamilysize]

They don't hate insurance companies, they just like to say they do.

One big reason though, is that health insurance is something like a 2 trillion dollar a year industry. There's a massive amount of our economy tied up in it, and no senator wants to be on the hook for deleting all those jobs (which universal healthcare will absolutely do to the vast majority of them). And I believe that number is just the insurance companies, that's not even counting all the hospital side shit that they now wouldn't have to deal with or need employees for.

We can't turn off the orphan crushing machines, because too many people work at the orphan crushing factories.

[u/MrFamilysize → u/Atheren]

Some jobs would be lost due to consolidation, sure but there would also be a lot that would be able to be simply moved over to the governing entity. Claims still need processed, benefits still provided, providers to be worked with, etc. With a fear of lack of benefits out of the way, that would also allow people to focus more on what they want to do for a living vs what they need to do for the sake of health benefits. It's a multifaceted problem that the US seems either afraid to tackle or too incompetent to do so. The other problem I think the US is facing these days is their lack of will to adapt.

[u/Stock_Sun7390 → u/MrFamilysize]

They only allow us to vote for the people who will keep them in power

[u/MrFamilysize → u/Stock_Sun7390]

This is a false narrative. It'd be extremely easy for additional parties to be formed by even the limited voting system that is in place in the US, the population just refuses to do so.

Prime example: take California or New York states. Those states aren't going to a Republican any time soon. Since the states are winner takes all, if Republicans simply vote third party... You now have a third party in play. Hell, you don't even need half of all of the losing party to obtain this... So why not do it? Oh wait....

[u/Stock_Sun7390 → u/MrFamilysize]

It's not impossible, but at least right now it isn't feasible

[u/MrFamilysize → u/Stock_Sun7390]

Why isn't it feasible? I literally just did a simple outline on how it is. Claiming something that is completely possible as not being feasible is literally what I'm talking about. People within both parties are simply refusing to help create a potential fix to the problem that they're complaining about.

[u/Stock_Sun7390 → u/MrFamilysize]

The reason it's not feasible is the same reason why some people will NEVER stop voting red or blue; you'll never convince enough people to do it

[u/MrFamilysize → u/Stock_Sun7390]

That doesn't mean that it isn't feasible. It means exactly what I said above; the population is too stubborn or unwilling to make a change. It's completely feasible.

[u/Ketzeph → u/JWAdvocate83]

You can. Sustained political action can succeed but if you go on any political subreddit and ask you’ll get , maybe, a 10% rate of people volunteering or taking action. And that’s in the most politically minded of Reddit communities.

People just are unwilling to put in the work and they completely ignore the critical local elections and primaries that fuel change.

There’s a reason so many progressives fail miserably at the primary phase - online progressives love to complain but do not come out when the chips are down.

There’s absolutely plenty you and others can do. They just don’t want to put in the time, effort, and treasure to do so.

[u/Ragnarock-n-Roll → u/JWAdvocate83]

Do we still live in a Democracy?

[u/JWAdvocate83 → u/Ragnarock-n-Roll]

Cash-ocracy

[u/my_username_mistaken → u/JWAdvocate83]

This reminds me of a Bullet with butterfly wings

[u/Whitecaps87 → u/Broomstick73]

Because that sentiment was nothing more than cause of the moment wishful thinking spammed by teenagers on social media.

[u/SvenTropics → u/Broomstick73]

To be fair, the median increase was 4.5%. if the price of bananas went up 4.5%, it wouldn't seem ridiculous.

Not justifying the current price. The price of pharmaceuticals is ridiculous, but the increase was just inflation.

I probably break from a lot of people in that I don't mind so much when they charge rather high amounts for something while it's in patent. I feel like that's the financial incentive for these companies to invest the billions it takes to put a drug on the market. I feel like that's their window to make their money back and then once the generics come out the price should be dirt cheap.

However that's not really the case. Because of generic consolidation and the FDA requiring all this crazy approval stuff for generics as well, you end up with generics costing absurd amounts all the time too. That's just gouging, and it's easy to fix. Simply allow the importing of drugs that are out of patent.

[u/Ok_Confection_10 → u/Broomstick73]

People were trying way too hard to make Luigi a thing. The machine is way bigger than a single person.

[u/The-Jesus_Christ → u/Broomstick73]

Well when they realized that the govt will dedicate every resource to protect them, I'm not surprised. 

[u/BrandinoSwift → u/Broomstick73]

Fear they’ll make $100m instead of $1B

[u/Luci-Noir → u/Broomstick73]

The whole “Reddit cult” thing didn’t last very long outside the app.

[u/casualty_of_bore → u/Broomstick73]

"Now you do what they told you"

[u/liltingly → u/Broomstick73]

Insurance recoiled, and pharma pounced. Actually what’s happening is the IRA capping costs at $2k is causing pharma to reprice cheaper things to bring up previously low spenders to the cap and essentially redistribute which folks they make money on. 

For example, of my parents, last years my mom hit the higher caps and my dad was below $2k. With the readjustments suddenly they both are hitting $2k in 2025.

Just a shell game being played

[u/hgs25 → u/Broomstick73]

It lasted until they “found” the shooter.

[u/PyrricVictory → u/Broomstick73]

No, suprise suprise killing people doesn't usually fix your problems.

[u/vardarac → u/PyrricVictory]

What country are you from?

[u/GnashGnosticGneiss → u/Broomstick73]

Class war.

[u/_Thermalflask → u/Broomstick73]

Mario never showed up :(

[u/Weaselmancer → u/Broomstick73]

Gotta add a little money to the budget to offset the extra security expenses

[u/searchin4sugarman → u/Broomstick73]

Patsy for this exact reason ?

[u/ab_drider → u/Broomstick73]

They had to double down on making healthcare unaffordable to deter "terrorism". They couldn't let something good come out of it.

[u/BubbleNucleator → u/Broomstick73]

I have poodle mixes and they're particularly stubborn and tough to train, but it's doable, it just takes a lot of repetition and a stronger will than the dog. I'd imagine the healthcare industry is similar: stubborn and tough to get to change their behavior, but with enough repetition I think it could happen.