Social Congressional Republicans instruct drug companies to not cooperate with pricing investigation

[AndroidRage]

I’m all for punishment for companies doing illegal shit.

Say like knowing hiring illegals.

I say fine them out of business.

$10,000 a day for every illegal they have on the pay roll.

You can be against more then one thing.

But if you fine them out of business their stocks could drop and they would go bankrupt. We can't have that.

 

[AndroidRage]

How do you know that there is prescription level lubricant? If not taking it in the ass(which I'd assume), what kind of old dried up hags are you fucking?

Your mom

 

[Juventud]

It never ends. Whack it some gay porn already and be done with it.

It brings me joy that the comments & idea (fact) of Republicans getting fucked in the ass by who they vote for makes you so uncomfortable.

It always gets a rise out of you. <Lmaoo>
Don't worry Sean Pence you can't catch "teh gay", at least not yet.

 

[BudKing8806]

Your mom

That's already been done. Try again. This time, don't be retarded.

 

[WTF2008]

Here's the crazy. The government gives pharma billions.
Government funds=tax payer funds, aka us.

Then, we fight to get the government more money to pay for our health care.

So we can stay alive longer to give the government more money to fund our health?

 

[AndroidRage]

That's already been done. Try again. This time, don't be retarded.

Lmao the inbred is calling me retarded. Do you kiss your sister with that mouth?

 

[WTF2008]

It is a ridiculous situation. Pay taxes. Taxes pay for banker bonuses?
Can't get health care for a sick child?

 

[WTF2008]

Considering that cunt Martin Shkreli who jacked up the drug price when he bought it got support on this forum it’s not surprising some folks are ok with this.

As long as you’ve got your guns you don’t mind getting fucked everywhere else.

First world country run by with the attitude of a third world dictator.

He didn't even do anything wrong. Just accidentally went against pharma.
Look at the epipen "jacked" up price.

It's cool because her dad is in office and gives them their cut.

 

[spamking]

"Party of great healthcare"

WASHINGTON — In an unusual move, House Republicans are warning drug companies against complying with a House investigation into drug prices.

Republicans on the House Oversight Committee sent letters to a dozen CEOs of major drug companies warning that information they provide to the committee could be leaked to the public by Democratic chair Elijah Cummings in an effort to tank their stock prices.

Cummings requested information from 12 drug companie
such as Pfizer Inc., Johnson & Johnson, and Novartis AG in January as part of a broad investigation into how the industry sets prescription drug prices.

In their letters, Reps. Jim Jordan and Mark Meadows — leaders of the hardline conservative House Freedom Caucus — imply that Cummings may be attempting to collect the information in order to bring down the industry’s stock prices.

They write that Cummings is seeking sensitive information “that would likely harm the competitiveness of your company if disclosed publicly.” They then accuse Cummings of “releasing cherry-picked excerpts from a highly sensitive closed-door interview” conducted in an investigation into White House security clearances. “This is not the first time he has released sensitive information unilaterally,” says the letter. The authors say they “feel obliged to alert” the drug companies of Cummings’ actions.

Democrats expressed bafflement at the letters. While politicians routinely spar over committee work, warning companies not to comply with an investigation is unconventional — perhaps even unprecedented, Democrats say.

“Rep. Jordan is on the absolute wrong side here,” Cummings said in an emailed statement to BuzzFeed News. “He would rather protect drug company ‘stock prices’ than the interests of the American people.”

In their letter, Jordan and Meadows say that “while we cannot speculate about Chairman Cummings’ motives,” the committee should not pursue an investigation designed to impact stock prices.

This hinges on a quote from Cummings saying he has three staffers he calls “the drug team” who work on the high cost of drugs and that their work has lowered drug company stocks.

The quote omits the full context of Cummings’ remarks. At the time he was appearing before the Committee on House Administration seeking an increase in funding for his committee. (Jordan, as the ranking Oversight Republican, objected to a funding increase.)

The letter quotes Cummings as saying of his drug team: “If you follow the headlines, we have already seen the impact they have had… on stock prices with regard to drugs. I mean, it has been astronomical.” The letter omits the rest of the sentence: “saving the taxpayers money.”

In the edited quote, Cummings seems to be bragging about an “astronomical” impact on drug company stocks. In the context of his statements before and after, he seems to be saying the “astronomical” impact is on taxpayer savings, which justify giving his committee more resources. A minute later he says: “Whatever you all give us, we will give it back in savings by rooting out fraud, waste, and abuse.”​

Jordan’s office insisted that the letter does not tell companies not to respond to Cummings’ requests, and in fact encourages the companies to cooperate with “responsible and legitimate” oversight. However, Jordan’s office reiterated that he has grave concerns that in this case Democrats are out to destroy drug company stock value.​

https://www.buzzfeednews.com/articl...s-warn-drug-companies-oversight-investigation

Does Cummings actually have a history of leaking information? How much money has his "drug team" saved us tax payers?

 

[panamaican]

So the argument against a government investigation into drug pricing is that some Republicans are concerned that private entity stock prices might decline?

"Corporate capture" of the wheels of government right there, folks.

 

[oldshadow]

But if you fine them out of business their stocks could drop and they would go bankrupt. We can't have that.

Don’t do illegal shit, price fixing or hire illegals or fuck your company they should get driven out.

 

[Plissken]

I’m all for reducing drug prices.

However forcing drug companies into bankruptcy due to crashing stocks is not going to help anyone in the short or long term.

The companies should be forced to give up the info if it is legally abstained.

However the information should not be released without a court order.

That sounds like a more measured approach, but I'm not educated enough on the subject to have a definitive position.

 

[Higus]

Hmmm trotsky, sankara, bernie, shills for socialism. That’s not very smart in my book

Your book:

Spoiler

 

[AlexDB9]

Your book:

Spoiler

I chuckled

 

[floivanus]

Does Cummings actually have a history of leaking information? How much money has his "drug team" saved us tax payers?

Most likely; a few pennies per person.


Oh look a couple Republicans write a letter, and this turns into some general, all encompassing anti-Republican BS. A better journalistic headline would just be stating the fact, something like; 2 Commitee members warn drug companies... was just telling my wife yesterday, the media, pundits and the average party line tower will NEVER focus on anything outside of the few people on a side that come off as kooky, stupid or good depending on what they personally want to push.

Yeesh #notALLrepublicans

But hey, keep going with that wide brush everyone

 

[spamking]

Most likely; a few pennies per person.


Oh look a couple Republicans write a letter, and this turns into some general, all encompassing anti-Republican BS. A better journalistic headline would just be stating the fact, something like; 2 Commitee members warn drug companies... was just telling my wife yesterday, the media, pundits and the average party line tower will NEVER focus on anything outside of the few people on a side that come off as kooky, stupid or good depending on what they personally want to push.

Yeesh #notALLrepublicans

But hey, keep going with that wide brush everyone

Right . . . I figured it was a simple question that could be proven one way or the other, but the lack of response at this point says quite a bit about the validity of the "concerns" about this "issue".

 

[spamking]

So the argument against a government investigation into drug pricing is that some Republicans are concerned that private entity stock prices might decline?

"Corporate capture" of the wheels of government right there, folks.

Or is it truly a concern about proprietary information possibly being leaked? If you knew of a pattern of this type of data collected during these data calls being leaked or some how making it into the hands of some selective members of the media would you feel encouraged to participate with future data calls?

 

[panamaican]

Or is it truly a concern about proprietary information possibly being leaked? If you knew of a pattern of this type of data collected during these data calls being leaked or some how making it into the hands of some selective members of the media would you feel encouraged to participate with future data calls?

But this isn't the pharmaceutical companies coming out and saying "Hey, we Big Pharma have some concerns, how will you address them?"

This is members of Congress taking it upon themselves to tell private drug companies to avoid participating in a Congressional inquiry because of the potential impact on stock prices. These Congress people are not saying "We'll protect your data." They're not saying "Don't participate because the inquiry is pointless." or "Don't participate because we know that you've done nothing worth investigating.

They're saying to Big Pharma don't participate because the secondary market for shares of your stock might suffer. That's a legitimate government interest for them - protecting stock prices for private entities?

Your position might make sense coming from the drug companies but it's not.

 

[D 1 Wrestler]

Most likely; a few pennies per person.


Oh look a couple Republicans write a letter, and this turns into some general, all encompassing anti-Republican BS. A better journalistic headline would just be stating the fact, something like; 2 Commitee members warn drug companies... was just telling my wife yesterday, the media, pundits and the average party line tower will NEVER focus on anything outside of the few people on a side that come off as kooky, stupid or good depending on what they personally want to push.

Yeesh #notALLrepublicans

But hey, keep going with that wide brush everyone

why are they warning them though? Is it their job to get involved?

 

[GSP_37]

If true, that's clear evidence of corrupt Republicans colluding and conspiring with drug companies against the American general public and warrants immediate removal of those corrupt lawmakers.