Help for Drug Cost May Be On The Way

“There’s very little bidding on drugs,” Trump said in his opening remarks. “We’re the largest buyer of drugs in the world. And yet we don’t bid properly. We’re going to start bidding.”

What Trump seems to be talking about there is a policy he’s spoken in support of before: allowing Medicare to negotiate drug prices, which federal law currently prohibits. This means that Medicare has to pay whatever prices pharmaceutical companies set. Read more.

Business North
Washington, D.C. ­– U.S. Senators Amy Klobuchar (D-MN) and John McCain (R-AZ) today introduced the Safe and Affordable Drugs from Canada Act, bipartisan legislation that would allow individuals to safely import prescription drugs from Canada, creating major savings for consumers and bringing greater competition into the pharmaceutical market. In 2013, average prescription drug prices were twice as expensive in the United States as they were in Canada, with high costs leading some Americans to skip doses or forgo filling prescriptions altogether. Read more.

Big Pharma Lost $24.6 Billion in 20 Minutes During Donald Trump’s Press Conference.
After Trump mentioned drug prices and pharmaceutical companies’ tax inversions, the nine biggest pharmaceutical companies by market cap on the S&P 500 shed roughly $24.6 billion in 20 minutes. That includes the market caps of Johnson and Johnson, Pfizer, Merck, Amgen, AbbVie, Bristol-Myers Squibb, Gilead, Celgene, and Eli Lilly. Read more.


Kentucky E-cigarette Tax #kyga17

It seems that some Kentucky politicians are chopping at the bit to create a new tax and impose it on e-cigarette users and small business vape shop owners. State Rep. Larry Clark, a Democrat from Louisville is just one of those politicians.

Ex-Democratic governor Steve Beshear included a 20% tax on electronic cigarettes in his 2014 tax reform plan, but it didn’t come to fruition.

The the conservatives are now in charge of the Kentucky Senate and House. Kentucky also has a conservative Republican governor, Matt Bevin, and time will tell if they agree with State Rep. Larry Clark, a Democrat from Louisville and ex- Democratic governor Steve Beshear when it comes to imposing new taxes on individuals and small businesses.

If Kentucky conservative Republicans impose a new tax on e-cigarette users they will no longer be able to say honestly that they oppose new taxes. They will no longer be able to say honestly that they support small businesses like my friend Mike Watt’s e-cigarette shop in Benton, Kentucky “Vapor Emporium” because a new tax will probably put Mike Watt out of business.

We are waiting and watching and will soon know if Kentucky Republicans are honest or dishonest when they say “no new taxes.”

Obama’s War On Coal Is Over

Mitch McConnell and Donald Trump have ended Obama’s war on coal and folks all over the U.S.A. are packing up and preparing to move to Eastern Kentucky for the new high paying coal jobs Mitch McConnell and Donald Trump are going to create.

coaljobs300x300webWe overheard folks on Waikiki Beach, Hawaii talking excitedly about selling their luxury condo and moving to Eastern Kentucky for the $100 per hour coal jobs, with great retirement plans and free healthcare coverage.

Airlines in Alaska are overbooked with flights to Eastern Kentucky airports with the promise of high paying coal jobs with unbelievable fringe benefits.

A preacher in North Dakota is leaving his church to help dig up some of that “5000 year old coal” in Eastern Kentucky. He said: “Jesus came to me in a vision and told me to take advantage of what Donald Trump and Mitch McConnell have provided.”

A solar panel worker in Mississippi is leaving his job making solar panels to work in the Eastern Kentucky coal mines. He said: “Now that Obama’s war on coal is over we’ll be burning more coal than ever and that will smog up the sky so bad that solar panels will become useless. Coal is the future and there’s money in them thar Eastern Kentucky coal fields.”

A drug dealer in Florida had this to say: “Thank God for Donald Trump and Mitch McConnell. I’m gonna make a fortune selling drugs to all of those folks moving to Eastern Kentucky to dig that coal.”

Be sure to thank Mitch McConnell and Donald Trump for all of those Eastern Kentucky coal jobs. You can reach Mitch McConnell by phone (202) 224-2541 and Donald Trump via Twitter at @realDonaldTrump.

Oops this is a parody.

Medicare Part D crony capitalism at work!

Mother Jones
What’s more, Medicare Part D often pays far more for drugs than do Medicaid or the Veterans Health Administration—which, unlike Part D, mandate government measures to hold down prices. One report found that Medicare Part D pays 80 percent more for medicines than the VHA and 73 percent more than Medicaid. While researchers aren’t unanimous in their views, an array of experts have concluded that federal negotiating power—if backed up by other cost controls—would bring Part D drug costs more in line. Read more.