The Inflation Reduction Act

Recently the Congress and the White House passed and signed a great bill that is suppose to help struggling Americans keep the prices of drugs down….

The Inflation Reduction Act is set to lower drug prices for millions of people in the U.S. — but experts fear pharmaceutical companies could exploit loopholes in the bill, ultimately keeping prescription costs high for many.

The law takes aim at insulin costs, caps out-of-pocket spending for Medicare beneficiaries, and allows the federal government to negotiate prices on the costliest prescription drugs. It also will require drugmakers to pay a rebate to Medicare if they raise prices too sharply.

These provisions won’t be implemented all at once.  Instead, they’ll go into effect gradually over the next several years, beginning with insulin price caps and rebates in 2023, out-of-pocket caps in 2025, and finally drug negotiations in 2026.

Because of the four-year gap before the law is fully implemented, policy and legal experts fear that pharmaceutical companies may have ample time to go on the offense and — if they don’t try to get the law thrown out in court — figure out ways to sidestep provisions that affect their ability to maintain their high profits.

The tactics may ultimately threaten the law’s ability to lower drug costs for consumers. A recent Kaiser Family Foundation survey found about 8 in 10 adults say the cost of prescription drugs is unreasonable.

“Trying to reform the system is like playing three-dimensional chess,” said Robin Feldman, a pharmaceutical and intellectual property law expert at the University of California, Hastings. “Whatever move the government makes, companies will move on three different levels to try to get around it.”

https://www.nbcnews.com/health/health-news/inflation-reduction-act-aims-lower-drug-costs-s-big-pharma-get-rcna48341

This is typical….the Congress installs loopholes that can be exploited by the donors that pay their representatives to make it easier for them exploit the people of this country.

So bend over my fellow Americans and enjoy the ride….you will get use to it (sarcasm)….

I Read, I Write, You Know

“lego ergo scribo”

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Biden’s UN Speech

AS per usual the president of the United States has made his mandatory speech to the UN General Assembly….and as usual the speech is full of hypocrisy…..

Of course Ukraine had to be a prominent part of the speech…..

At the UN General Assembly in New York on Wednesday, President Biden focused most of his speech on Ukraine and accused Russia of violating the UN Charter by launching the war.

“Russia has shamelessly violated the core tenets of the United Nations Charter — no more important than the clear prohibition against countries taking the territory of their neighbor by force,” he said.

Biden’s comments highlight US hypocrisy on the issue as Washington currently occupies a major portion of eastern Syria despite the Syrian government’s opposition. The US also supports Israel’s occupation of the West Bank and its blockade of Gaza, and Saudi Arabia’s war and blockade on its neighbor Yemen.

Biden said that the US will continue to support Ukraine in its fight against Russia based on the principle that “you cannot seize a nation’s territory by force.”

The president also accused Russian President Vladimir Putin of making “reckless” nuclear threats. Earlier in the day, Putin ordered a partial mobilization and warned Russia could use nuclear weapons if its “territorial integrity” was “threatened.”

“President Putin has made overt nuclear threats against Europe and a reckless disregard for the responsibilities of the non-proliferation regime,” Biden said.

US support for Ukraine in its war against Russia has escalated tensions to a point where many experts and officials believe there is a greater risk of nuclear war today than there was during the Cold War. But the US shows no sign of backing down on its policy of supporting Ukraine, and Putin’s moves on Wednesday signaled a Russian escalation in Ukraine.

An interesting speech…..and as usual it was full of contradictory statements…..

The US condemns others for the same things they do…..take for instance the invasion and occupation of Iraq….or US is currently occupies a major portion of eastern Syria despite the government’s objection.

I understand the support for Ukraine but we should stop trying to claim the moral high ground….it is as if “Do as I say not as I do” sort of thing.

I Read, I Write, You Know

“lego ergo scribo”