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Roshon 09/11/18 7:34:16 PM #1: |
A pharmaceutical company executive defended his company's recent 400% drug price increase, telling the Financial Times that his company had a "moral requirement to sell the product at the highest price." The head of the US Food and Drug Administration blasted the executive in a response on Twitter. https://www.cnn.com/2018/09/11/health/drug-price-hike-moral-requirement-bn/index.html --- Witness The Trio Of Terror! https://i.imgtc.com/pvRMyIx.gif ... Copied to Clipboard!
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Coffeebeanz 09/11/18 7:35:50 PM #2: |
Fun fact: the CEO of Mylan, the company price gouging Epipens, is the daughter of Democratic Senator Joe Manchin.
--- Physician [Internal Medicine] ... Copied to Clipboard!
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LanHikari10 09/11/18 7:36:35 PM #3: |
That's freaking disgusting. I can't believe how despicable some can be.
--- ... Copied to Clipboard!
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St0rmFury 09/11/18 7:37:18 PM #4: |
Coffeebeanz posted...
Fun fact: the CEO of Mylan, the company price gouging Epipens, is the daughter of Democratic Senator Joe Manchin. What a twist! --- "Average Joe" is a trolling term since it's completely an opinion. "Overachieving" is also an opinion. - SBAllen (Hellhole: 52458377) ... Copied to Clipboard!
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REMercsChamp 09/11/18 7:37:19 PM #5: |
Ack
--- Come check out my community board for NEET discussions: https://gamefaqs.gamespot.com/boards/1467-neet-discussions ... Copied to Clipboard!
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Trigger_Volnutt 09/11/18 7:37:35 PM #6: |
We have "moral requirement" to cut his salary 400%.
--- Ray Allen can drop 7 3pointers im not even going to calculate how many points that is ~ CelticsHomerPro ... Copied to Clipboard!
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Garioshi 09/11/18 7:38:20 PM #7: |
Fuck this guy.
--- "Never seen a group of people more obsessed with a man's naked, hairy ass than the men at Current Events." -SBAllen 2018 We live in a society ... Copied to Clipboard!
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Pepys Monster 09/11/18 7:38:25 PM #8: |
Roshon posted...
"I think it is a moral requirement to make money when you can," Mulye told the Financial Times, "to sell the product for the highest price." This dude is the real life Patrick Bateman from American Psycho. --- House music owns. ... Copied to Clipboard!
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DK9292 09/11/18 7:38:52 PM #9: |
Roshon posted...
According to the Financial Times, the executive defended "Pharma Bro" Martin Shkreli, who was once dubbed the "most hated man in America" after his company raised the price of an AIDS drug by more than 5,000% in 2015. Shkreli was recently sentenced to seven years in prison for fraud due to mismanaging money at his hedge funds. That's all you really need to know. --- A hero's role is one that cannot be forsaken, Caring for those with hearts that are breaking. ... Copied to Clipboard!
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gunplagirl 09/11/18 7:39:32 PM #10: |
We have a moral requirement to perform medical experiments upon Muyle. My suggestion? Finding out how much skin we can remove from a person while keeping the tissue alive.
--- Pew pew! ... Copied to Clipboard!
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UnfairRepresent 09/11/18 7:43:58 PM #11: |
You know what's sad is that he could have actually made a decent argument here and I was going to give him the benefit of the doubt.
I can't go into details due to confidentiallity but I used to work for a pharmaceutical company that grew exponentially due to a product that is helping thousands (soon to be millions) of people that only exists because their R'N'D team got massively expanded due to how much profit they were making. He could have said "It's a businsess and a cycle, we need to raise money now for the future advancement of the company which in turn helps and saves more lives." and that's a pretty ironclad argument. But no he flat out just went "I think it is a moral requirement to make money when you can," and didn't even attempt to justify it beyond capitalism --- ^ Hey now that's completely unfair. https://imgtc.com/i/14JHfrt.jpg ... Copied to Clipboard!
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gunplagirl 09/11/18 7:47:27 PM #12: |
UnfairRepresent posted...
You know what's sad is that he could have actually made a decent argument here and I was going to give him the benefit of the doubt. But the difference being, that's business planning in your example whereas this guy made the claim on some basis of morality. Incidentally there's that whole "most of the rest of the world doesn't even let anyone own the rights to medicine" stuff. --- Pew pew! ... Copied to Clipboard!
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UnfairRepresent 09/11/18 7:48:43 PM #13: |
gunplagirl posted...
UnfairRepresent posted...You know what's sad is that he could have actually made a decent argument here and I was going to give him the benefit of the doubt. Erm yes That's what I said --- ^ Hey now that's completely unfair. https://imgtc.com/i/14JHfrt.jpg ... Copied to Clipboard!
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3rd_Best_Master 09/11/18 7:50:15 PM #14: |
Pepys Monster posted...
Roshon posted..."I think it is a moral requirement to make money when you can," Mulye told the Financial Times, "to sell the product for the highest price." It's just more of that good old prosperity theology creeping its way into American life again. --- You've fought the strongest, the second strongest, the fourth strongest, and the weakest master! Now you see the true advantage of being third strongest master! ... Copied to Clipboard!
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legendary_zell 09/11/18 7:54:58 PM #15: |
This is the logical extreme or conclusion of shareholder driven capitalism. Profit is confused with and substituted for morality.
--- ... Copied to Clipboard!
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Anteaterking 09/11/18 7:58:28 PM #16: |
This is reminiscent of when people claim that companies are legally required to maximize profit.
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CanuckCowboy 09/11/18 7:59:37 PM #17: |
gunplagirl posted...
UnfairRepresent posted...You know what's sad is that he could have actually made a decent argument here and I was going to give him the benefit of the doubt. When your business can potentially help millions then expanding your business can be argued as a moral imperative though so his logic holds up either way. On topic seriously fuck that guy. I don't wanna see him hurt but I'd love to see him lose everything and wind up homeless with a urinary tract infection. --- "I got a rollatruc, look." ... Copied to Clipboard!
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RoboLaserGandhi 09/11/18 8:01:41 PM #18: |
I'm not sure he knows what morals are
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frozenshock 09/11/18 8:02:03 PM #19: |
The Trump administration has pledged to tackle the soaring costs of drug prices, with the president unveiling a plan in May to increase competition, reduce regulations and change incentives for players in the pharmaceutical industry. Appreciate the sentiment Donny, but reducing regulations isn't what's gonna stop people from doing this shit. It's the other way around. --- I don't hate people, people hate me. ... Copied to Clipboard!
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pebblethefleet 09/11/18 8:02:06 PM #20: |
UnfairRepresent posted...
You know what's sad is that he could have actually made a decent argument here and I was going to give him the benefit of the doubt. Nobody here believes you --- Never rebellious, and definitely not among the elite. ... Copied to Clipboard!
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Anteaterking 09/11/18 8:03:18 PM #21: |
CanuckCowboy posted...
When your business can potentially help millions then expanding your business can be argued as a moral imperative though so his logic holds up either way. Yeah, but that's sort of like "Anything that gives me money could be given to charity, so anything I do to get money is morally justified". --- ... Copied to Clipboard!
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Solar_Crimson 09/11/18 8:04:01 PM #22: |
This is truly a springtime for greedy corporations.
--- Be wary of boarding the hype train, lest you end up on the ruse cruise... - nanobuilder (r/nintendo) http://backloggery.com/SolarCrimson ... Copied to Clipboard!
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TheRealDill2000 09/11/18 8:04:16 PM #23: |
It doesn't seem like the guy had much of an option here. On the bright side, insurance will cover the price increase so we feel a minimal impact.
--- CE's source of sagely advice #BLM ... Copied to Clipboard!
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Prestoff 09/11/18 8:04:47 PM #24: |
I mean this is what happens when you're in the business to make money. Capitalism at its finest.
--- It's what all true warriors strive for! ... Copied to Clipboard!
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MutantJohn 09/11/18 8:05:34 PM #25: |
Just the free market. If you don't like it, compete and undercut his prices. Shouldn't be hard considering he's artificially inflating his own prices.
--- "Oh, my mother; oh, my friends, ask the angels, will I ever see heaven again?" - Laura Marling ... Copied to Clipboard!
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treewojima 09/11/18 8:06:17 PM #26: |
TheRealDill2000 posted...
It doesn't seem like the guy had much of an option here. On the bright side, insurance will cover the price increase so we feel a minimal impact. I admire your dedication to trolling ... Copied to Clipboard!
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skermac 09/11/18 8:09:07 PM #27: |
I think the federal govt should stop this and regulate all medication prices
--- To the edge of the universe and back, endure and survive ... Copied to Clipboard!
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monkmith 09/11/18 8:09:14 PM #28: |
MutantJohn posted...
Just the free market. If you don't like it, compete and undercut his prices. Shouldn't be hard considering he's artificially inflating his own prices. cant compete with drugs that are patented, there are no alternative providers. i guess you can just die though, that'll show them! --- People die when they are killed. Quando il gioco e finito, il re e il pedone vanno nella stessa scatola ... Copied to Clipboard!
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CanuckCowboy 09/11/18 8:09:48 PM #29: |
Anteaterking posted...
CanuckCowboy posted...When your business can potentially help millions then expanding your business can be argued as a moral imperative though so his logic holds up either way. Eh I think that's overstating it a bit. There's a world of difference between "we may find a life changing drug" and "hey I might give it some dude or something". I mean I'm not saying I'd buy it if the guy had used it as his reason I'm just saying it sounds a lot better. --- "I got a rollatruc, look." ... Copied to Clipboard!
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Questionmarktarius 09/11/18 8:09:49 PM #30: |
Pepys Monster posted...
Roshon posted..."I think it is a moral requirement to make money when you can," Mulye told the Financial Times, "to sell the product for the highest price." That's how markets are supposed to work. The big failure, is that the other half of the market doesn't really exist. The ideal is to sell at the highest price the market will accept, and also buy at the lowest price the market will accept. What's actually happened is that we've gotten so used to someone else paying for our stuff, that we have no idea how much the prices are screwed up until said someone else flinches, on top of not even knowing the price until after the transaction. ... Copied to Clipboard!
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monkmith 09/11/18 8:10:04 PM #31: |
skermac posted...
I think the federal govt should stop this and regulate all medication prices would be easy with socialized health care. --- People die when they are killed. Quando il gioco e finito, il re e il pedone vanno nella stessa scatola ... Copied to Clipboard!
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Zodd3224 09/11/18 8:11:01 PM #32: |
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TheRealDill2000 09/11/18 8:16:00 PM #33: |
Zodd3224 posted...
Is this something everyone can join hands on and dislike together? No, this is capitalism at work. Also, you can choose to live a healthy, moral lifestyle so you can avoid the need for these medications. If you decline that option, you can buy insurance and let it cover the bulk of the cost. --- CE's source of sagely advice #BLM ... Copied to Clipboard!
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sktgamer_13dude 09/11/18 8:17:14 PM #34: |
TheRealDill2000 posted...
Zodd3224 posted...Is this something everyone can join hands on and dislike together? Yeah why dont those people with genetic diseases just live a healthier life and not get those genetic diseases. Holy fuck, just stop talking. --- https://imgur.com/jWVrg9U https://imgur.com/g2efUtT https://imgur.com/5dOwhaP https://imgur.com/LVdqu8J Go Cougs and M's #DI4B ... Copied to Clipboard!
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Questionmarktarius 09/11/18 8:18:49 PM #35: |
Zodd3224 posted...
Is this something everyone can join hands on and dislike together? Who likes paying more for stuff for no good reason? ... Copied to Clipboard!
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Dragonblade01 09/11/18 8:19:51 PM #36: |
It's rare to see someone so boldly admit that their morality revolves around an economic framework.
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Paper_Okami 09/11/18 8:19:55 PM #37: |
@silentwing26x
capitalism at work --- "Conceit, arrogance and egotism are the essentials of patriotism"- Emma Goldman "Wimmy Wham Wham Wozzle!" -Slurms MacKenzie ... Copied to Clipboard!
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Zodd3224 09/11/18 8:22:56 PM #38: |
sktgamer_13dude posted...
TheRealDill2000 posted...Zodd3224 posted...Is this something everyone can join hands on and dislike together? I meant to say "can everyone who isnt a gimmick or dedicated shitposter join hands." --- ... Copied to Clipboard!
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UnfairRepresent 09/11/18 8:26:17 PM #39: |
TheRealDill2000 posted...
Zodd3224 posted...Is this something everyone can join hands on and dislike together? lolwut You think the reason people are sick or need medication is solely based on whether they led a "healthy, moral lifestyle"? Thats beyond sheltered --- ^ Hey now that's completely unfair. https://imgtc.com/i/14JHfrt.jpg ... Copied to Clipboard!
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silentwing26x 09/11/18 8:26:53 PM #40: |
Paper_Okami posted...
@silentwing26x Monopolies that are the product of government bureaucracy preventing competition from taking place != capitalism. Stop tagging me. ... Copied to Clipboard!
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TheRealDill2000 09/11/18 8:29:24 PM #41: |
Zodd3224 posted...
sktgamer_13dude posted...TheRealDill2000 posted... Like I've said many times, I'm not a gimmick. My posting style here is a reflection of my personality in real life. --- CE's source of sagely advice #BLM ... Copied to Clipboard!
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CanuckCowboy 09/11/18 8:32:34 PM #42: |
TheRealDill2000 posted...
Zodd3224 posted...sktgamer_13dude posted...TheRealDill2000 posted... I wouldn't spread that around bud. --- "I got a rollatruc, look." ... Copied to Clipboard!
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pikachupwnage 09/11/18 8:36:39 PM #43: |
TheRealDill2000 posted...
Zodd3224 posted...Is this something everyone can join hands on and dislike together? Genetics, and other factors out of your control(Like lead poisoning from a bad water supply, horrible parents that fed you a shit ass diet, exposure to toxins like asbestos, contracting a disease from tainted food, smoke/debris inhalation being a firefighter) or things you cant just brush off. --- ... Copied to Clipboard!
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Zodd3224 09/11/18 8:38:25 PM #44: |
... Copied to Clipboard!
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treewojima 09/11/18 8:45:57 PM #45: |
silentwing26x posted...
Paper_Okami posted...silentwing26x you must have a very specific and narrow definition of what capitalism is ... Copied to Clipboard!
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silentwing26x 09/11/18 8:46:49 PM #46: |
treewojima posted...
silentwing26x posted...Paper_Okami posted...silentwing26x Dude you really should read a goddam book or something if you think that is what capitalism is. ... Copied to Clipboard!
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Questionmarktarius 09/11/18 8:48:11 PM #47: |
treewojima posted...
you must have a very specific and narrow definition of what capitalism is It kinda has a specific and narrow definition, at least in the modern sense: The perversion of free market mechanics into a sort of money-feudalism. ... Copied to Clipboard!
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lincoln002 09/11/18 8:48:35 PM #48: |
I dunno what to say I mean there has to be balance, but maybe there's something I don't know about the drug market and how it works, I think a lot of businesses wait until last second to raise prices for some obvious reasons, but I dunno, when it comes to medicine I'd expect more ethics to be involved in the decision making.
It sounds like the drug is selling good right now and this greedy pos is hiking the price because "more money" which goes to show how addicted modern culture is to money. I know that the next presidential election is going to be fucking nuts cuz having a guy like trump in office encourages people like this scumbag to do the wrong thing. ... Copied to Clipboard!
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Dragonblade01 09/11/18 8:51:45 PM #49: |
While capitalism can absolutely result in this outcome, it's inappropriate to blame capitalism in situations where someone has taken it upon themselves to extract moral obligation from systems of economy.
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Intro2Logic 09/11/18 8:52:33 PM #50: |
silentwing26x posted...
Paper_Okami posted...@silentwing26x If the US doesn't have capitalism, then does it exist anywhere? --- Have you tried thinking rationally? ... Copied to Clipboard!
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