Pharma Exec: “Moral Requirement” to Charge as Much as Possible for Drugs

Discussion in 'The War Room' started by luckyshot, Sep 14, 2018.

  1. luckyshot

    luckyshot iP of the ENTIRE WR

    Joined:
    May 11, 2016
    Messages:
    7,189
    Likes Received:
    18,250
    Location:
    Location, Location
    Move over pharma bro... Nirmal Mulye (real name) wants to compete for front seat in Hell.

    “I think it is a moral requirement to make money when you can, to sell drugs for the highest prices.”

    This was his justification for raising a life saving antibiotic from $475 to $2350 a bottle.

    https://www.cnn.com/2018/09/11/health/drug-price-hike-moral-requirement-bn/index.html

    This is the logical conclusion, by the way, of the unregulated, libertarian capitalism the Right regularly argues for. Every once in a while a CEO sociopath is just autistic enough to say it like it is.

    We need UHC, and we need it now.
     
    Last edited: Sep 15, 2018
  2. IDL

    IDL Gold Belt

    Joined:
    Sep 17, 2009
    Messages:
    23,861
    Likes Received:
    18,457
    Location:
    Lending money to your government
    Hah, wonder what his rationale is behind that one
     
  3. The ScorpioN

    The ScorpioN "GET OVER HERE!" Yellow Card

    Joined:
    Dec 4, 2007
    Messages:
    16,822
    Likes Received:
    21,386
    Location:
    Netherrealm
  4. HomerThompson

    HomerThompson Double Yellow Card Double Yellow Card Yellow Card Platinum Member Banned

    Joined:
    Aug 27, 2005
    Messages:
    41,511
    Likes Received:
    71,609
    Location:
    Terror Lake
    I feel a moral imperative to punch that guy in his stupid face.
     
  5. sniper

    sniper Silver Belt

    Joined:
    Sep 1, 2005
    Messages:
    10,785
    Likes Received:
    28,350
    I respect his honesty.
     
  6. Neph

    Neph Purple Belt

    Joined:
    Aug 10, 2006
    Messages:
    2,132
    Likes Received:
    3,972
    He seems like a bit of a dick
     
    spamking and luckyshot like this.
  7. Seaside

    Seaside Caudillo

    Joined:
    Jul 17, 2017
    Messages:
    7,697
    Likes Received:
    5,644
    Location:
    3rd world
    The Right wing in 99% of world does not. Only the American right wing is sort of or has people like this.

    Right wing in a lot of other countries is NOT for unregulated capitalism. In some countries it is socialist economics but conservative or religious and nationalist social policy and foreign policy.
     
    Gutter Chris likes this.
  8. Seaside

    Seaside Caudillo

    Joined:
    Jul 17, 2017
    Messages:
    7,697
    Likes Received:
    5,644
    Location:
    3rd world
    Should edit your post and clarify American right wing is like this. And its an unfortunate thing.
     
    Gutter Chris and Darth_Inv1ctu5 like this.
  9. Trotsky

    Trotsky Yellow Card Yellow Card

    Joined:
    May 20, 2016
    Messages:
    12,976
    Likes Received:
    30,725
    The same rationale of all capitalists: that it's the job of the firm to maximize profit, and that that is its only duty.

    And, if we're talking about a maximally efficient economy and government, there's a good argument that he's right. Corporations should only be concerned with maximizing profit and market share, and the government should play the affirmative role of limiting, curbing, or foreclosing their action when it contravenes public interest.

    The problem is that idiots vote for the Republican Party who say that these legal entities (corporations) will behave morally and should be deregulated to guide our country's policy trajectory. And I'm not even going to represent that Republican Party members (unlike voters) are actually stupid enough to believe that. They're not: they're just corrupt pieces of shit.
     
  10. Hunter Simpson

    Hunter Simpson 2GM/c^2 belt Platinum Member

    Joined:
    Aug 20, 2009
    Messages:
    13,868
    Likes Received:
    10,251
    Location:
    The Black Hole of Self-examination
    But hey, got rid of those pesky consumer protections. Winning #amiright?
     
  11. Cubo de Sangre

    Cubo de Sangre Steel Belt

    Joined:
    Mar 3, 2014
    Messages:
    33,484
    Likes Received:
    32,268
    Location:
    Hell
    If it weren't for regulation undermining competition then anyone could make the drugs and charge less.
     
  12. oldshadow

    oldshadow Steel Belt

    Joined:
    Dec 7, 2007
    Messages:
    25,700
    Likes Received:
    10,846
    Location:
    Virginia U.S.A.
    Any government money for any research the company gets should be pulled as well stopping all research cooperation.
     
    ookii likes this.
  13. Renard

    Renard Brown Belt

    Joined:
    Jan 20, 2016
    Messages:
    4,435
    Likes Received:
    7,938
    I guess technically he does have a responsibility to his shareholders. But he also has a responsibility to not hurt his company by doing large price hikes that cause public outrage and loads of negative publicity.
     
    oleDirtyBast4rd and MMAisGod like this.
  14. Neph

    Neph Purple Belt

    Joined:
    Aug 10, 2006
    Messages:
    2,132
    Likes Received:
    3,972
    Barrier to entry is huge which is part of why monopolies form. The time from company inception to profit can be extensive and it is a very risky business to be in as you may simply not be successful in whatever drug you are trying to discover. Regulation (within limits, nothing can be said to be pure black and white) is good because it saves lives and should be embraced by the industry as it improves the publics trust in them.
     
  15. DIDM

    DIDM Death Company

    Joined:
    Jul 30, 2018
    Messages:
    1,319
    Likes Received:
    1,265
    Hold the train

    He’s a fucking Democrat, stop lying to try and make a point
     
  16. MMAisGod

    MMAisGod Purple Belt

    Joined:
    Sep 30, 2009
    Messages:
    2,177
    Likes Received:
    962
    Location:
    Tampa Bay, Florida
    This.

    If anything, I would prefer all the top dogs be as honest as this. We'd be more grounded with reality at the forefront.
     
    sniper likes this.
  17. Cubo de Sangre

    Cubo de Sangre Steel Belt

    Joined:
    Mar 3, 2014
    Messages:
    33,484
    Likes Received:
    32,268
    Location:
    Hell
    Thanks. And?
     
  18. Liquid Smoke

    Liquid Smoke Great artists steal™

    Joined:
    Jul 11, 2013
    Messages:
    11,586
    Likes Received:
    11,638
    It provides incentive and capital to produce new drugs.
     
  19. IDL

    IDL Gold Belt

    Joined:
    Sep 17, 2009
    Messages:
    23,861
    Likes Received:
    18,457
    Location:
    Lending money to your government
    Duty isn't morality though. I read the article, it is pretty convoluted and disjointed as to what he actually meant specifically about morality, but it seemed he was saying that it was about the business surviving and sustaining jobs? It's hard to tell. Either way, you can often equate a business surviving to making money for shareholders (and themselves). Certainly not easy to separate the two things, and also it is easy to hide behind a desire to do good for others while lining your own pockets.
     
  20. Liquid Smoke

    Liquid Smoke Great artists steal™

    Joined:
    Jul 11, 2013
    Messages:
    11,586
    Likes Received:
    11,638
    I agree. Big Pharm should be financing more basic science that benefits their bottom line.
     
    esdoornblad likes this.

Share This Page