Archive

Posts Tagged ‘drugs’
November 19th, 2018 at 11:14 am
Quote of the Day: John Stossel On the Dangers of Government Drug Price Controls
Posted by Print

In our recent weekly Liberty Update commentary entitled “On Pharmaceuticals, HHS Contemplates Disastrous New Price Controls,” we explain how government price controls undermine intellectual property (IP) rights, stifle American innovation and ultimately punish consumers in the form of fewer new pharmaceuticals.  We therefore encourage the Trump Administration to rethink a toxic new proposal along those lines, and instead pursue a course more in accord with its generally excellent stewardship of our economy and markets to date.

In his latest weekly commentary entitled “Not Healthy to Be Naive,” John Stossel agrees, and in a nice blurb explains the real-world consequences of drug price controls:

[G]overnment-run systems save money by freeloading off American innovation.  American drug companies, funded by American customers, fund most of the world’s research and development of pharmaceuticals.  New drugs and devices are expensive, so sometimes in Britain, says Pope, ‘whenever a new drug comes on the market that can save lives, the government just doesn’t have the funds to pay for it.’

Patients, accustomed to accepting whatever government hands out, don’t even know about the advances available elsewhere.  Single-payer systems also save money by rationing care.  Hence the long waiting times for treatments declared ‘nonessential’ in Canada, Britain and, for that matter, at American veterans hospitals.”

Hopefully, the Trump Administration is listening and corrects course.

December 21st, 2015 at 9:48 am
Before You Complain About Drug Costs…
Posted by Print

Maligning pharmaceutical enterprises is a curious perennial dance, one that becomes even more active during presidential campaign seasons.  That always struck me as odd, since it seems a sign of societal advance that we can complain about the price of something that saves lives and improves living conditions rather than lamenting its nonexistence.

Regardless, the U.S. Chamber of Commerce’s Global Intellectual Property Center (GIPC) offers an instructive corrective entitled “4 Charts Explain the Economics of Drug Development.”  It is worth the brief examination and passing on to others, because it helps rebut many of the politicized myths that threaten the goose that lays the golden eggs:

“It’s not just the science that goes in to developing medicines that’s complicated.  The economics that drive the industry, allowing resources to be available so people can have access to beneficial new medicines is complicated, too.”

Each chart is worth 1,000 words, but the four broad takeaways are:  (1)  It takes ten years and $2.6 billion to bring a single drug to market;  (2)  In 2014, pharmaceutical companies spent $51.2 billion on research & development;  (3)  Only a few drugs, however, become commercial successes;  and (4)  The end result is that pharmaceuticals’ enormous investments result in people living longer and better lives.

Something to keep in mind as sometimes silly presidential campaigns get even sillier, at least in terms of maligning the innovative pharmaceutical industry.

September 27th, 2011 at 12:04 pm
ATF Sold Guns Directly to Cartels, But Never Followed Up

Fox News reports that ATF’s Fast and Furious botched gun-tracking operation to Mexican drug cartels didn’t stop at encouraging private gun owners to sell to known criminals with assurances of surveillance.  Six months before Border Patrol Agent Brian Terry was murdered with one of these weapons, ATF supervisors in Phoenix directed field agents to sell the guns directly.

The result was the same as when the guns came from private sellers: no surveillance was initiated by ATF to track the guns.  Instead, the buyers for the cartels were allowed to store them in a stash house and ship them south with impunity.

These are the kinds of revelations that get bureaus like ATF shut down.  Could it also be the scandal that sinks Attorney General Eric Holder, the man who oversees ATF’s operations?

Read the whole story here.

July 7th, 2011 at 7:27 pm
MSNBC Too Quiet on ATF Fiasco?

Writing for Big Government, AWR Hawkins asks the obvious question about the political hot potato being passed around by President Barack Obama, Attorney General Eric Holder, and interim ATF director Ken Melson – none of whom claim any “substantive” knowledge about a federal program to arm Mexican drug dealers.

In other news, on July 5th Jack Tapper (ABC News) peppered Obama’s White House Press Secretary with questions about “Fast and Furious” in front of the rest of the press reporters, but the most substantive answer that Jay Carney gave was: “The president takes this very seriously.” (In all fairness to Carney, he’s clueless because Obama keeps him clueless.)

Look folks, this is ridiculous. Where is Chris Matthews? Where is that Keith guy who used to work for MSNBC? Where are all the freaks who wanted to hang George W. Bush in effigy for supposedly-lying about Iraq?

Why are they silent in the face of so great a cover-up?

Probably because the “Gunrunner” and “Fast and Furious” projects have too many inconsistencies to tolerate; better to just ignore them.  A liberal president presides over the intentional escalation of a narco-fueled civil war.  His celebrated AG fails yet again to faithfully execute his oversight responsibilities.  And the man charged with ensuring that alcohol, tobacco, firearms, and explosives don’t fall into the wrong hands is at the head of a bureaucracy actively peddling the most lethal one (guns) to obtain the others.

With Border Patrol Agent Brian Terry killed as a result of guns used in the ATF program, isn’t it about time to get an updated (and much more accurate) version of “Bush lied, people died”?

May 12th, 2011 at 12:17 pm
ATF Agent Says Obama, Holder Knew About Gunrunner Scandal

He’s no John Dean, but ATF Agent Jay Dobyns is flatly contradicting the President of the United States and the U.S. Attorney General on what they knew and when.  The controversy involves ATF’s Project Gunrunner and its offshoot, Operation Fast and Furious.  Both initiatives deliberately allowed military style firearms to “walk” into the hands of Mexican drug cartels, some of which were used to kill American citizens.

In an interview with Fox News‘ Andrew Napolitano, Dobyns said that despite Attorney General Eric Holder’s congressional testimony that he only found out about the programs “a few weeks ago,” both he and the president were aware of the recklessness of each program.

Dobyns also made the startling assertion that “the president and the attorney general are aware of the conclusions that those guys (Newell and Gillett) operate ATF’s business in a reckless and dangerous way, and they did nothing about it.”

During questioning by both the House and Senate Judiciary Committees last week, Holder insisted he did not know about Project Gunrunner’s problems until only “a few weeks ago.” However, this column reported Tuesday that Sen. Grassley personally delivered two letters about Gunrunner to Holder at a meeting Jan. 31 in his office.

The more details that emerge about these programs, the less likely it seems Eric Holder will be back for a second tour of duty at the Justice Department.  If so, thank goodness.

April 30th, 2011 at 8:40 pm
NRA Wants Holder’s Resignation over Gunrunner Fiasco

National Rifle Association CEO Wayne LaPierre has a clever response to Attorney General Eric Holder’s claim he didn’t authorize an agency he oversees to sell guns to known criminals and “let them walk” into the hands of Mexican drug cartels.

“He’s the attorney general of the United States of America — the highest law-enforcement officer in our land,” LaPierre said. “Who’s in charge? If he didn’t know, then who’s minding the store? If Holder didn’t know, Holder has got to go.” (Emphasis added)

The programs at issue, Project Gunrunner and Operation Fast and Furious, are initiatives run by the Bureau of Alcohol, Tobacco, and Firearms (ATF) that attempted to track the post-sale movement of guns used in violent crimes.

Disastrously, at least one U.S. Border Patrol agent has been killed with a gun linked to the ATF initiative.

With all his other missteps, this could be the fiasco that ultimately removes Eric Holder from power.

July 16th, 2010 at 1:06 am
More Reasons to Fire Eric Holder

National Reivew’s Victor Davis Hanson joins the call to get Eric Holder out of the Attorney General’s office with a parade of horribles similar to CFIF’s position.  With all the evils confronting American law enforcement – a drug-fueled Mexican civil war, human trafficking, and terrorist threats from naturalized citizens like Faisal Shahzad – it is stunning to think that the nation’s top prosecutor can’t seem to see his job as anything other than the highest profile assignment desk of the ACLU.

Hopefully, it won’t take an avoidable tragedy to convince President Barack Obama that Holder is a national liability as long as stays at his post.

May 7th, 2010 at 6:58 pm
Arizona Immigration Law Makes it to ESPN

Sports and politics have once again collided.  Responding to a protest of sorts by the NBA’s Phoenix Suns, Arizona Governor Jan Brewer penned a special to ESPN.com disputing misinformation about SB 1070.  The governor took the unusual step because of calls for boycotting Arizona-based sports events, among other venues.

Along with a few purple prose moments with sports metaphors, Brewer lays out the hard facts about the federal government’s failure to enforce immigration laws.  In 2009, there were 316 kidnappings in Phoenix, making it the nation’s kidnapping capitol.  Today, there are approximately 6,000 prisoners in Arizona who are foreign nationals costing state taxpayers roughly $150 million a year.

Getting back to the boycott issue, Governor Brewer makes an assertion no one can reasonable disagree with:

A boycott that would actually improve border security would be to boycott illegal drugs. Dramatically less drug use and production would do wonders for the safety of all our communities.

We’ll see how that goes over.