Scott
👤 SpeakerAppearances Over Time
Podcast Appearances
And when Cigna or Aetna or Pfizer give a few million dollars to different people, they can figure out laws that make it such that we have to pay eight times for Ozempic and Humira. what other nations pay for these pharmaceuticals, despite the fact that we invent, manufacture, and distribute the majority of these drugs.
We're number one in terms of IP for pharmaceutical development, but we have figured out a way, or these companies have figured out a way, given Citizens United and the fact that you can buy Elected representatives, you can buy lawmakers a way to charge American consumers more. And then you have an infrastructure where essentially the bill is opaque and usually your company is paying for it.
We're number one in terms of IP for pharmaceutical development, but we have figured out a way, or these companies have figured out a way, given Citizens United and the fact that you can buy Elected representatives, you can buy lawmakers a way to charge American consumers more. And then you have an infrastructure where essentially the bill is opaque and usually your company is paying for it.
We're number one in terms of IP for pharmaceutical development, but we have figured out a way, or these companies have figured out a way, given Citizens United and the fact that you can buy Elected representatives, you can buy lawmakers a way to charge American consumers more. And then you have an infrastructure where essentially the bill is opaque and usually your company is paying for it.
So what do we have? We have opaque pricing that has no consumer scrutiny. We have regulatory capture and we have profit-seeking companies which are doing what they're supposed to do. So we end up with $13,000 per capita healthcare versus $6,500. And in exchange for that, we're more obese and we die sooner. So these companies had...
So what do we have? We have opaque pricing that has no consumer scrutiny. We have regulatory capture and we have profit-seeking companies which are doing what they're supposed to do. So we end up with $13,000 per capita healthcare versus $6,500. And in exchange for that, we're more obese and we die sooner. So these companies had...
So what do we have? We have opaque pricing that has no consumer scrutiny. We have regulatory capture and we have profit-seeking companies which are doing what they're supposed to do. So we end up with $13,000 per capita healthcare versus $6,500. And in exchange for that, we're more obese and we die sooner. So these companies had...
they come under any sort of reasonable threat that they might actually have to give Medicare or Medicaid the ability to negotiate these prices would have taken an enormous hit. And that's what happened right after the release. The data hadn't been absorbed and the stocks were down two to three percent. And then people read it and said, oh, this is the president presidenting doing jazz hands.
they come under any sort of reasonable threat that they might actually have to give Medicare or Medicaid the ability to negotiate these prices would have taken an enormous hit. And that's what happened right after the release. The data hadn't been absorbed and the stocks were down two to three percent. And then people read it and said, oh, this is the president presidenting doing jazz hands.
they come under any sort of reasonable threat that they might actually have to give Medicare or Medicaid the ability to negotiate these prices would have taken an enormous hit. And that's what happened right after the release. The data hadn't been absorbed and the stocks were down two to three percent. And then people read it and said, oh, this is the president presidenting doing jazz hands.
saying fucking nothing, trying to get in the news, trying to pretend he's doing something with absolutely no strategy. This thing has absolutely no teeth. If you read the executive order, it's that he's suggesting they do it. He's saying this would be a good idea. And what do you know? Stock prices ended up, pharmaceutical prices ended up higher because what this said to the market was,
saying fucking nothing, trying to get in the news, trying to pretend he's doing something with absolutely no strategy. This thing has absolutely no teeth. If you read the executive order, it's that he's suggesting they do it. He's saying this would be a good idea. And what do you know? Stock prices ended up, pharmaceutical prices ended up higher because what this said to the market was,
saying fucking nothing, trying to get in the news, trying to pretend he's doing something with absolutely no strategy. This thing has absolutely no teeth. If you read the executive order, it's that he's suggesting they do it. He's saying this would be a good idea. And what do you know? Stock prices ended up, pharmaceutical prices ended up higher because what this said to the market was,
Congress has the limpest dick in the world right now with their ability to go after health care costs. That even if the president makes a proclamation like this, there's no fucking way that this is actually going to happen. This is, as you can tell, I'm a little bit triggered.
Congress has the limpest dick in the world right now with their ability to go after health care costs. That even if the president makes a proclamation like this, there's no fucking way that this is actually going to happen. This is, as you can tell, I'm a little bit triggered.
Congress has the limpest dick in the world right now with their ability to go after health care costs. That even if the president makes a proclamation like this, there's no fucking way that this is actually going to happen. This is, as you can tell, I'm a little bit triggered.
If you look at our deficit, which we have to get under control, otherwise you are just not going to have nearly the prosperity or opportunities my generation registered. The only way we're going to get to that $2 trillion a year is the following. Full stop. G7 nations pay on average $6,500 per capita for healthcare. We pay 13,000.
If you look at our deficit, which we have to get under control, otherwise you are just not going to have nearly the prosperity or opportunities my generation registered. The only way we're going to get to that $2 trillion a year is the following. Full stop. G7 nations pay on average $6,500 per capita for healthcare. We pay 13,000.
If you look at our deficit, which we have to get under control, otherwise you are just not going to have nearly the prosperity or opportunities my generation registered. The only way we're going to get to that $2 trillion a year is the following. Full stop. G7 nations pay on average $6,500 per capita for healthcare. We pay 13,000.
350 million people times the $6,500 incremental, that's about $2.5 trillion. In sum, just the incremental cost to be more anxious, obese, and die sooner is costing us an incremental $2.5 trillion because of regulatory capture. And this stock market movement reflects the fact