Big Pharma did not like Donald Trump, but they certainly like Joe Biden especially now.
In an ongoing frenzy to undo everything Trump did over the last four years, Joe Biden froze a December rule aimed at lowering prescription drug prices for insulin and epinephrine.
On Thursday, Biden’s Department of Health and Human Services announced the new rule would be put on hold, along with several other Trump-era orders pending a 60 day review, The Federalist reports. Biden Chief of Staff Ron Klain directed federal agencies on Wednesday to pause orders that had been signed and published by Trump’s administration but not yet effective.
In December, 2020 Trump ordered community health centers deliver savings and discounts to low-income patients for the purchase of insulin and epinephrine in efforts to make high drug costs more affordable. Insulin is used to treat diabetes, which more than 20 million Americans struggle with every day, while epinephrine is used to treat allergic reactions.
Big Pharma hated Trump because one of his campaign promises was lowering the prices of important pharmaceutical drugs, which he tackled during his term. Trump’s “most favored nation” law aimed to lower prices in Medicare by linking the costs of certain medicines to cheaper prices in other developed countries. Obviously, Big Pharma strongly opposed the measure, arguing it would limit access.
The big three insulin producers are Eli Lilly and Company, Novo Nordisk A/S, and Sanofi S.A., in which they dominate more than 90% of the world insulin market by value, SWFI reports.
Indeed, these three companies will benefit greatly from the freeze.
Interestingly enough, during the 2020 election cycle Eli Lilly gave $138,880 to Joe Biden. Perhaps he is just returning the favor.
Biden has faced much scrutiny after the freeze, many wondering what is the point?
“This freeze is part of the Biden administration’s large-scale effort announced this week that will scrutinize the Trump administration’s health policies,” Bloomberg Law reports, per The Federalist. “If the previous administration’s policies raise ‘fact, law, or policy’ concerns, the Biden HHS will delay them and consult with the Office of Management and Budget about other actions.”
The post Biden v. Diabetics: New Freeze on Trump’s Lower Cost Insulin and Epinephrine Rule Benefits Big Pharma appeared first on Human Events.
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HOW DAM MUCH more money do these pharma people need? them and tech companies have more money than they will ever spend.
biden you are a moron.
It’s not about the drugs or the companies who do contribute tons to the Democrats, it’s about socialist redistribution of American wealth, now on an International worldwide level. Americans pay 3-4 times the price, of drugs so Obama’s socially failed relatives in Kenya can buy cheap drugs. They obviously plan to have us subsidize the worldwide COVID vaccine costs in the same manner.The USA is subsidizing the healthcare of the world,,,all the while Biden’s Chinese buddies get richer by the minute.,,,on borrowed American money of course. Don’t you just love SOCIALISM.
You’re partly right. It’s also about thinning out the American population, especially conservatives. A smaller population is easier to control and control is what the dummycrats are all about.
Have we not ALREADY subsidized the rest of the bloody world enough, with TRILLIONS GIVEN OUT over the past four bloody decades?? HOW MUCH longer must we be the worlds bank??
He’s not a moron, he’s EVIL…
AND so much for biden’s promise to REDUCE the cost of health care..
We are seeing more and more of the TDS from the dishonorable, dishonest Democrats.
Trump Derangement Syndrome (TDS) is a mental condition in which a person has been driven effectively insane due to their unjustified hatred of Donald Trump, to the point they will abandon all logic and reason.
Symptoms for this condition can be very diverse, ranging from racist or hate filled outbursts to the point at which they will attempt to destroy anything that Trump did or anyone one who liked or supported President Trump.”
ITS Not just dems, we’re seeing TDS from, its also almost HALF THE GOP…
That’s “Sir RICH moron” to us.
My daughter needs to have access to an ‘epi-pen’ in order to protect herself from a severe, life threatening reaction to a major allergen. The last time we went to fill the prescription the out-of-pocket cost for us was over $600 per pen and she is supposed to have two available. To add insult to injury the expiration date on the pens was less than a year from time of filling.
With a great deal of effort I was able to track down a more affordable option but it required her doctor, our pharmacist, and an inordinate amount of time to do so. Most people don’t have the time nor do they live where doctors and other medical professionals are willing and able to help find ways to cut costs.
If the prices go up again will Biden personally help pay for people’s meds? Yeah, I don’t think so.
HE probably couldn’t CARE, how many die, cause of this.. Especially if all of them are conservatives.
Once again ALL those fools that put this demented misfit as a phony ???president, should be totally ashamed of themselves, for making America a 5th world country.
IF THEY had any shame, they wouldn’t have VOTED FOR him in the first place…
Big Pharma did not like Donald Trump, but they certainly like Joe Biden especially now.
Interestingly enough, during the 2020 election cycle Eli Lilly gave $138,880 to Joe Biden. Perhaps he is just returning the favor.
Quid Pro Joe involved in a political payoff ? Say it ain’t so…
Of all the GREAT things that Trump did for this nation, I personally feel this was of the greatest.
Having been married to an insulin dependent Diabetic during the implementation of Obamacare, I can speak to how horrific it was. In just over a year, my wife went through eight Endocrinologists, all retired because they could not deal with Obamacare, they stated outright, it was not worth it to continue to work. She ended up having to use a General Practitioner for her Diabetic care, a GP that told her that, now with treating her, he would have to LEARN about Diabetes. Needless to say, I am now a widower.
Trump’s move was to help people survive, Biden’s is apparently to kill as many as he is able!
That’s sad to hear, that cause of the hell Phobama care was, you’re now a widower.. You have my condolences.
I am a type 1 diabetic. Type 1 is hereditary and not reversible. I am lucky to have good insurance but not everything is covered. I pay $300 a month for a continuous glucose monitor. These companies, both medical and insurance don’t get it, or just don’t care. It’s not about people, it’s about profit only. Biden is bought and paid for by theses same companies. Democrats have become the party of the big business.
IMO ever, since we as a nation, STARTED MANDATING health insurance, the entire medical industry SHIFTED FROM caring about we the people, to only caring about Profit…..
He, (Biden) is just signing what “they” put in front of him. He has no idea of the consequences of his actions on the average American.