Discussion: Price-Hiking Pharma Exec Martin Shkreli Gets House Subpoena

Discussion for article #244918

Republicans will start by apologizing for Shkreli’s mistreatment, or did he not donate enough to them (see also: BP, Joe Barton Ā®)?

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Worse. He tried to donate to Bernie Sanders (who refused his money). This guy has no friends up on the hill.

Last October, a California drug compounding company offered a cheaper version of Daraprim. A bottle of 100 tablets sells for $99.00. That’s Ninety nine cents a pill. Link:

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What a waste of time. Because he’s already under indictment he’ll just sit there and repeatedly invoke the Fifth.

So how about they do something useful, like pass legislation allowing Medicare to negotiate drug prices. If they just want a bogeyman they could save taxpayers a fortune and simply look in the mirror.

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Medicare pays doctors and hospitals a set amount for a particular procedure or diagnosis. They need to do the same for prescription medications to prevent this sort of outrage, with maybe a carve out for truly unique, one of type drugs.

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I’d feel a lot better if Congress was also seeking out the exemplary CEOs who don’t gouge on prices to ask them what legislation would help them compete with abominations like Shkreli.

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I’m confused. Isn’t this guy the poster child for the kind of ā€œfreedom and libertyā€ that the Republican House majority claims can only be brought about by small gummint and absence of regulation? Let the markets work their magic!. His mistake is not stuffing enough $$ into the right pockets.

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the 32-year-old former hedge fund manager…former Turing Pharmaceuticals CEO Martin Shkreli… related to another pharmaceutical company he previously ran called Retrophin.

So, it’s a world class sociopath who’s been anointed as a Master of the Universe, great. To read his resume you’d assume he’s a mind-blowing visionary long-game thinker. Instead, we get a petty criminal given the keys to the castle who knows no moral or apparently legal bounds. He’s described as a manager, CEO and having ā€˜previously ran’. I’d like to see if he can actually hold down a job for more than 12 months considering he doesn’t ā€œrunā€ anything, he just feeds off others. Addicted to OPM indeed!

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Isn’t that what got us Medicare Plan D? All those exemplary pharmaceutical CEO’s who were only pursuing the best interests of their shareholders?

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This guy sure is exceptional. I’ve never wished anyone fall head first into an industrial shredder before.

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Ouch

But still, I’d like elected officials to seek the opinion of people with good intentions, not just crooks who make headlines.

I’d also like my elected officials to be smart people who can tease apart what testimony is good policy and what testimony is pure self-interest. I think we had that once, I doubt I’ll live to see it return.

Too quick – Don’t ya think ? ? —

A major part of it would require patent law reforms. Drugs like Daraprim have been around for AGES, yet one guy in one company can buy the patent and then charge whatever he likes.

Basically, drugs like that need to be ā€˜released into the wild’ (as in, eligible for generic forms) much, much sooner. Like, no more than 5-10 years max after initial release, and none of this ā€˜tweak the formula or delivery just a tiny bit’ and have that equal a de facto patent extension.

Longer term though, we need universal health care access and a government that regulates health care the way we used to regulate public utilities.

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Does HRC propose anything that will control greed mongers like this scum bag? I mean it, seriously. How long do we need to continue with excuses that we can’t expect control right away, …down the road, …down the road, …maybe someday…can’t elect Bernie, he demands too much…? If HRC can solve this, please someone, step forward and present your (her) case.

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I understand guillotines aren’t that hard to build…

The masters of Wall Street, their stooges in the media and their hired hands in both the Republican and Democdatic parties wonder why Sanders and Trump have traction?

Sorry, I wasn’t trying to cast on you, just noting how diametrically opposed the base interests of corporations are when compared to the greater public interest. I agree our Congresscritters certainly seemed to pursue public interest politics quite a bit more, but it’s hard to see these days, if it ever was there. I do think there’s a good amount still going on we just don’t see because where’s the news hook in that? Knowing several politicians personally, the pressure of following their own best instincts gets run over in the competitive environment in which they have to exist.

Thanks for your willingness to have a cordial conversation!