Politics Information |
Eminent Domain Suggested as Cost Saving Measure in DC
Washington DC council member David Catania actually suggested that the council should consider claiming eminent domain of certain widely prescribed pharmaceutical formulas in order to help reign in rising drug costs for the city. Catania suggests that the patents should be acquired by the government through the mayor's declaration of a public health emergency and then generic manufacturers would be contacted to produce the drugs for cheaper than they are commercially available. There are so many things wrong with this proposal that it is hard to decide where to begin. First off, convincing anyone that there is a public health emergency due to the cost of medicines is absolutely ridiculous. The cost of health care does need to be addressed in order for our economy to thrive, but when one breaks down the actual costs of health care one finds that medications account for only 10 percent of the overall health care spending. What would be next, claiming eminent domain over hospitals so the government can set the prices that they are allowed to charge? Also, what Catania fails to realize is that even under eminent domain claims the government is still required to pay the fair market value to the person/entity that they are seizing the property from, so not only would they need to pay for the intellectual rights to the drugs, the government would then need to pay a generic company to produce and get approval from the FDA to sell the drug which would basically wipe out any savings Catania would hope to realize. The eminent domain seizure of the patents of drugs would all but guarantee that pharmaceutical companies in this country would have no incentive to develop new drugs, so one hopes that all the drugs required to treat any future aliments have already been discovered. Getting these drugs cheaply now, comes at the very expensive cost of losing any future developments from pharmaceutical companies. Daniel Spankie is the creator/editor of http://www.Chemtracker.net, a Pharmaceutical news forum for professionals.
MORE RESOURCES: Unable to open template $TEMPLATEfilename, exiting |
RELATED ARTICLES
Richard Nixon, the truth Richard Nixon was by far a most fascinating and colorful character in our nations history. Richard Nixon, well even his dog's past was checkered. The Self-Appointed Altruists Their arrival portends rising local prices and a culture shock. Many of them live in plush apartments, or five star hotels, drive SUV's, sport $3000 laptops and PDA's. Belly Full of the Clintons [Political View] As I read the papers and watch the news day after day after day, and listen to the debates on what we Americans should do with Iran and North Korea, as if we were the only ones involved, yet as always the world will put their two cents in, and to be quite honest, that is all financially they will give, but for advise, like my neighbors, they will give a tone of it away free. Anyhow, I should get to my clout in my throat. How Futuristic Is Anarchy As A Way To Organize The State (I) When organising a country or a group of people in need of structuring, people tend to automatically sidestep ideologies that do not take authority imposed from above for granted. Anarchists and other proponents of alternative rule almost by definition are seen as destructive elements in a society. Public Procurement and Very Private Benefits In every national budget, there is a part called "Public Procurement". This is the portion of the budget allocated to purchasing services and goods for the various ministries, authorities and other arms of the executive branch. All Extremists Go To Heaven... Dont They Heaven, Hell, or some sort of Purgatory.I cannot seem to make it to either of the extreme political sides and being a moderate definitely leaves me at least in purgatory if not a perpetual limbo. When Will America Wake Up? In order to win the presidency in America, candidates must stir up the religious fervor of the voters (gay marriage/civil union) and then vocally (and in some cases visually) wear your (new) Evangelical beliefs on your sleeve. It used to be candidate vs. Gun Control? How About Crime Control Instead? The second amendment to the U.S. Illegal Immigration - No Sign of Slowing Down The Immigration and Naturalization Service (INS) estimated that there were 7 million illegal aliens residing in the United States in January 2000. According to INS, 69% of this unauthorized immigrant population was from Mexico. Are American Twins - Majority Rule and Public Opinion, Sometimes Just a Couple of Dumbbells? The idea that the majority shows the will of the people is a pretty good fix for now but it is not without its faults and weaknesses. That everyone decides to do something with one will is not now nor has ever been the promise of a perfect decision, direction or choice of any kind. Secret Clandestine Facial Recognition Countermeasures and The Future of the CIA Presently Universities and Private Enterprise are working to build more robust "Facial Recognition Technologies" due to the Homeland Security Funding for such research this field continues to grow. Anti-Terrorist efforts are a worldwide goal, so we are sharing this technologies with allies for use in their countries. We Do Not Have An Upside Down Trade Deficit Because We Cannot Compete Our trade deficit is directly proportional to our attacks on US Businesses and Entrepreneurs. We do not have an upside down trade deficit because we cannot compete. Lack of Peace, Reaching Critical Mass You have in front of you two buttons, one is green the other is black. The green button represents peace and love, the black button represents war and hate and you were put in charge of choosing what the rest of humanity will experience on earth. Government Backed Fraud in Academia Contrary to the Hobbesian prediction of anarchy (freedom) and brutish or unproductive results in the event that elites (often termed 'beneficent paternalism') aren't fostered: we find lots of evidence that team play and open organizational structure actually creates more civilized and productive governance. Lincoln Electric in Cleveland is a well-documented example of how sharing the wealth and responsibility builds communication and profit. Politicians Are Like Car Sales People Well, another election has come and gone in the US and no matter which way you voted there are some important marketing lessons to learn.First, you need to put aside the campaign rhetoric and focus on the strategy and tactics and there are a number of clear winners for both sides. Bill OReilly: You Got This One Wrong! I like Bill O'Reilly. I do. Adminstration of E-Business Taxation The entry by telephone and cable companies into the Internet service provider business within the last few years has given new hope to the congestion problem in that they now have a vested interest in investing in infrastructure. The Internet connection and set-up cost are not inexpensive for every business; however, the competitive cost of not having it probably outweighs the financial cost of connectivity. There Ought to Be a Law The 'Land of the Free' is teaming with individual rights for citizens. We have the right to say what we want, do what we want, be who we want. Philosophical Thoughts from a Road Warrior; Part II Continued thoughts while driving down the road in a huge semi; mobile command center, the miles click by, but the mind flies thru time at the speed of thought.Yet as we previously approached Socialism at a rapid rate and faster than anytime in our history during the previous 8 years administration we did not allow for it. US Government Owes Martha Stewart 1 Billion Dollars The prosecutors in the Martha Stewart Case used testimony from an FBI agent who lied under oath to secure a conviction. The prosecutors knowingly and willfully allowed the FBI agent to tell a lie while he was a witness in the courtroom. |
home | site map | contact us |