Court Ruling DESTROYS Pharma Pricing Policy & US Fails Horribly On Workers Rights

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Published on 1 Jul 2020, 18:00
Via America’s Lawyer: A federal judge overturns a rule from the Trump administration which would have required drug companies to disclose prices in TV ads. Mike Papantonio & Farron Cousins discuss. Also, a labor report by the International Trade Union Congress reveals American companies rank dead-last among developed economies when it comes to offering employees protections on the job. RT correspondent Brigida Santos joins Mike Papantonio to explain more.

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

A court ruling has destroyed one of the best policies from the Trump administration. I mean, one of the few things Trump did, right. My God, you have an appellate court that always sides with big pharma, always. I mean, as you know, that's what we do right. Day to day in this law firm, we go toe to toe with big pharma and the, the courts always side with big pharma. Lay this story out for us.
Health and human services with the Trump administration a little over a year ago, came up with a new rule and said, all right, big pharma, you're not going to lower your prices. Here's what you have to do. You have to in your advertisements, put the cost of a 30 day supply of your drugs, what you would charge somebody on Medicaid or Medicare for a 30 day supply of your drugs. That's it. Just add it to your advertisements. And now this is the second court ruling that says, nope, you can't do that. You can't have them put these drug prices on there because it's unfair. And this decision was headed up by an Obama appointee and a Carter appointee joined in on this ruling. I didn't know there are any Jimmy Carter judges still out there.
Don't we talk about this all the time. We talk about the fact that we have become, people watching this program, have become so tribal. I'm a Republican. I can only think Republican. I'm a Democrat. I can only think of, about Democrat. So now we're saying what the Obama administration did with court appointments. And we're seeing the result of that. You realize this court actually said, well, we can't allow this because it's confusing. It's going to confuse, it's going to confuse consumers. It's going to be harmful to consumers. It's a tenuous argument. And what they're saying is the reason for that is, is because Medicaid and Medicare sometimes changes that price to where they don't always pay that price. We're talking about drugs that have a 10000% markup and this damn court doesn't have enough sense to say that should be important for a consumer. Don't you think?
Right. This is exactly what consumers do need to know, even if it's not the price they pay, they need to know that there are people who have to pay that price.
Of course.
You know, there's inhalers. I actually just had to switch off one, because it was $500 a month. BREO, which is what it was. So I'll call them out right here by name BREO, almost $500 a month for me. And, and, and people need to know that. They need to understand because maybe their prescription, because 75% of people take a prescription every day, maybe their's is a generic that's been out for 50 years and they pay $10 a month. Great. These new drugs, like, like BREO that hasn't been out too long, they're absolutely putting people through the ringer for no reason other than they can.
Okay. So, so Trump, when he ran said, I'm going to do this. I'm going to take on the pharma industry.
He also said, I'm going to take on big corporations that are sending business out of the country. They're sending work out of the country. We have to stop that. So he's trying to deliver this. One of the few things, I mean, I, honest to God, I can't even think of anything that this guy has done meaningful. This is one of the biggest problems in America is drug company raping consumers, 10000%. companies like Pfizer and Merck and I could go on.
Eli Lilly is part of it too.
Eli Lilly, Johnson and Johnson, raping consumers.

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