europe wouldnt exist without stealing everything americans generate.. even our culture. look at how hilariously bad their rap is but they take themselves soooo seriously about it. while they are less hard than the average well off american lmao.
this video is bullshlit.. using this medication for "weight loss" is not what the medication exists for.. meaning insurance does NOT cover it unless the doctor is guilty of felony fraud.. this video is nonsense..
They didn't ask the citizens. It's a BIG club and we ain't in it. The government's job in the current world, is to protect corporations from the citizens. Remember the Trans-Pacific Partnership Pact? It became the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, and passed (thankfully without the US, but it doesn't really matter.) One of the things in the pact is the ability for companies to sue governments for projected losses, or projected gains that were not realized because of a government's actions. So a company could say 'hey we're gonna make $50Trillion selling X over the next 40 years" and if a government makes X illegal, then the company could file suit against that government for the $50Trillion they projected had X not been made illegal. The people of the world think they're citizens of their nations, but really we're all chattle to globalist corporations. They pit the poor against the 'rich', black vs white, religion vs religion, country vs country, all so that we don't unite under the realization that we're being contained from the very-top down.
Trump will be in power soon and the americans are fed a covenient truth, and this is more convenient than adressing the root causes, an hopelessly antiquated healtcaresystem and a foodindustry aparently set on killing people.
Politician: You cannot sell this drug for $1000! Pharma Lobby: We sell it for $1100 and you receive $100 for every dosage sold. Politician: There appears to be no problem.
@@legitscoper3259capitalism is good but you need to mix in sone socialism when you see the abuse of capitalism. For example here in Netherlands, a simple 2 bedroom home is over 300 000 euro which is unaffordable for 80% of people which is why many of us rent. But on another hand, college here is only 3000 euro per year due to government helping with tuition costs. You Americans should also ask your government to step in with medication costs and college costs.
@@kiwibonsai2355 You're very fortunate!!! I remember as a young child in school teachers were ALWAYS telling us kids, "You all are VERY FORTUNATE to be living in the United States of America. You live in the MOST FREE country in the world" ... How so? 🤷 I think we were ALL being lied to at an early age to brainwash us into believing that. I've since woken up to the facts 😔 I hope others will
Really we have 4 kids on albuterol (along with my husband) it $24 an inhaler for us we get 4 at at time. My oldest is on an inhaled steroid that is only $39 a month. The past few years the price for all their med have gone down.
My buddy is from India, he has health issues with multiple prescriptions. He flies to India to buy his medication months of supplies, even with the airfare it’s significantly less than what he would pay for it in the US with his insurance.
@@txsicshooter you can declare and import a three month supply of prescription medication that is non narcotics for other countries if you have a valid prescription
Whatever FDA says I try to avoid it. I found myself in this rabbit hole of so many industry lies when I read "The 23 Former Doctor Truths". Its no wonder why Doctor left her career.
IN US EVERYTHING IS A BUSINESS! HEALTH CARE, SCHOOLS, SCIENCE, ECOLOGY, SECURITY...EVERYTHING! All us laws are bought by big companies. Poor idiots in us dont even have holydays!! While we in europe have so many paid holydays it's even starting to be anoying! Women [or men if decided by family] in my country have paid maternity leave for 2 years! And employer must keep her/his job spot. AT LEAST month of paid vacation per year. Teachers, doctors and so on have 2 months.
@@SayWhaaaaaaaaaaaaaaaaaaaaaaat Now that is socialist and communistic policy. How can any company afford to do that? Do they even have a right to fire you?
@@crand20033 Have you even know what the hell communism and socialism means? It's to seize the means of production, employees taking over the company of the employer or state nationalizing all private companies. None of the Europe are doing that, they are still in capitalist system but with better safety net. Do better research and avoid spreading garbage in the internet.
The healthcare/drug companies want you to be as sick as possible for as long as possible and take as many drugs as possible so they can make as much money as possible.
Even the most noble need to have a life of their own and a means to provide for their family. Healthcare is no less a commodity than any other skill. Would you deride a plumber, electrician or mason because they refused to perform without payment? If people cannot make a living in it, they will not do it - then where is your healthcare?
People work for money, never forget that’s the motivator. Maybe that should be pushed away from healthcare. If you can have those separate it would change, these are monsters too big to manage
That's not the problem. The problem is the people in the US putting the bigger money in their pockets by preventing the country from getting a national healthcare plan and single-payer system that will be able to dictate the prices of all drugs for everyone.
Tell me, does America charge similar prices for patented medications, for say I don't know, cancer medications? Maybe your medical conglomerates and theirs should table a meeting? Mind you I do not believe that you should be able to patent ANY molecule for ANY reason, nor should you disrupt FREE markets but whatever floats your boat. """Revlimid, a multiple myeloma drug made by the New York-based company Bristol-Myers Squibb, generated $8.7 billion in annual sales in 2021, representing 30% of the company’s overall revenue, according to the report. The original patent on the drug expired in 2019, but the drugmaker won't face competition until 2026.""" """Humira, a rheumatoid arthritis drug from the Chicago-based biotech firm AbbVie, generated $17.3 billion in annual sales in 2021. There are 311 patent applications for the drug, 94% of which were sought after FDA approval. AbbVie's original patent on the drug expired in 2016, but it won't face competition until 2023.""" """Eylea, a medication for vision problems including age-related macular degeneration from Regeneron and Bayer, has 134 patent applications, 65% of which were sought after the drug was approved in 2011. It generated $5.8 billion in annual sales last year. Its exclusivity is set to expire in 2023, but it's unlikely to face competition soon, according to I-MAK. That's because some of its additional patents on the drug don't expire until 2040. """ Go on and cry about the prices you pay for medication but try and get cheap medications FROM your country? PRICELESS!
Foreign companies don’t pay them. American companies give them money through “donations” and in turn these politicians lobby for policies that make it harder for competition to come into the industry. That’s why everything in the medical industry is insanely overpriced, since only three companies are allowed to make anything medical to begin with.
In Poland Ozempic costs: 1. If you are not entitled to deduction by Medicare - $100/month 2. If you are entitled to deduction by Medicare - $30/month 3. If you are over 65 yo - $0/month
Also urban sprawl/ long commute times & lack of pedestrian & bike friendly routes. Cutting recess & gym class & and parents being paranoid about letting their kids play outside. a@@suzykendallosborne
What You do not ask, either, is "why can't we start asking our "patients" to eat responsible and nurture themselves instead of cramming themselves into pathologically risky health conditions" ...?
@manfredschmalbach9023 Bro solved obesity. Congratulations, man. Wow, you are so smart and serious and no-nonsense. Why can't these highly trained, hard-working and intelligent doctors know to just ask their patients. Hey, here's a thought. Maybe next time you get any serious ailment, your doctor would tell you to have just not have done what you did to get it. And if it was a birth defect, hey, maybe that's a sign your parents should have swallowed you instead.
Make it legal to import drugs from foreign countries and prices will equalize. Companies will raise foreign prices to not be subsidized by the US, and lower US prices to be close enough that most won’t bother with the hassle of importing.
The fact that Americans are suddenly up in arms about the price gouging on patented drugs when the company is not an American company, is kinda ironic.
@@jacobe2995 that’s a lie. The other companies would do the same exact thing without a care in the world. Yet, we would be the ones to pay and finance their exorbitant and greed and unquenchable wanton for excess.
I just hit the donut hole in my Medicare advantage coverage. My costs quadrupled. I manage on half a dose weekly. My A1C dropped from 7.2 to 6.2, and my weight has dropped almost 30 lbs; 10 more to go. But I won’t be off Ozempic once I reach that goal because at best I’ll be back to being pre-diabetic. My weight loss has been slow and steady and maintained but it’s not the deciding factor. These pricing structures are sheer usury.
Seems that the only problem is that the company is not American. I didn't see any politician complaining when they decided to make epi pen and other life saving medicine extremely expensive.
It’s a common U.S. strategy to scrutinize foreign companies more intensely, and this is evident in the case of Bayer’s acquisition of Monsanto. After Bayer, a German company, took over the American firm, the number of high-profile lawsuits related to glyphosate surged significantly. This pattern isn't unique to Bayer; other foreign acquisitions have also faced heightened legal challenges and public scrutiny. Prior to the acquisition, Monsanto had its share of controversies and legal issues, but they didn’t attract nearly the same level of attention as those that emerged afterward. This suggests a broader trend in how foreign entities are treated within the U.S. legal landscape.
Europe does the same thing to us, that's why the EU keeps going after big American tech companies like Google and Apple and forcing them to pay outlandish fines. Somehow, they always write their regulations with enough breadth to preclude burdens on Spotify...
@lilybaker732 that is not true. Actually the EU does a pretty decent Job to prevent certain Monopoly Like Google or Meta (Facebook). The Problem for Google and especially Faelcebook is that their Business Models collaide with european data protection laws.
Here is a wild thought, maybe the FDA should regulate how much sugar and other crap that contributes to obesity companies load up their food with. Or you know, try removing the privet insurance companies from the healthcare industry.
As an European, I am really baffled why the US is always paying significantly more for the same drugs compared to other countries? This video really highlights how pharmaceutical companies exploit the lack of price controls in America. If other countries can negotiate better prices, why can’t the US? It’s time to overhaul the way drug prices are regulated in the US. Actually did a deep dive on the company as well a few weeks ago and stumbled across this controversy.
This situation is a joke. The US government is so concerned about a foreign pharmaceutical company making profits using the same pricing as companies in the US charge for their medication is not a secret at all. Companies in the US pay off these politicians with their profits to keep silent about their own exploitation, while a foreign company doesnt have to. They're mad that they arent getting a slice of the pie. Fix the ENTIRE US healthcare cost situation, not target a foreign company. Yeah a 2$ adrenaline vial being sold for $999 as an anaphylaxis shot totally makes sense. Total BS and honestly very depressing.
@Joshua-wc5oz I’m glad I’m not the only one who hasn’t forgotten about the Epi-pen gouging!! I went to pick up an epi-pen and they told me it was $500. I was horrified!! I told them that I have insurance, and they told me that that is my cost AFTER insurance! So I said, “Well, I guess I’d better try to make it to the ER in time or I’ll just have to die!”
You should be more depressed about your woeful lack of understanding of how the system benefits YOU. You should also ease up on all the claims of conspiracies and payoffs. If you worked a little harder to make a few dollars you wouldn't be so upset about the cost of everything. You might also understand that the companies don't drag duffels of cash around to pay off politicians. The profits go into the stock market to pay for 401K's and other retirement plans for all Americans. At least those not whining about costs like you are.
But Mimimi you aren't paying for the adrenaline vial, you are paying for the REVOLUTIONARY INVENTIVE GLORIOUS SUPERB piece of shit plastic pen that injects that 2$ adrenaline vial in your ass (literally the companies oppinion)
I'm Norwegian. My dad gets his Ozempic for free by the government Lost almost 150lbs. Novo Nordisk has a bilateral agreement with Nordic countries to supply them first, and at the same time Parliament heavily negotiated prices of the drug to get it for pennies on the dollar compared to the USA. Public healthcare incentivizes these kinds of negotiations, something Private healthcare simply cannot. Now you are paying extortion prices for something we get basically for free. Incredible.
These 2 scenarios are both the result of socialized healthcare. It is so expensive because of laws allowing it be a temporary monopoly. The monopoly was put in place by the government. If our system was actually free market, we would be able to buy generics or competitors drugs which would drastically reduce the cost. Its why insulin costs almost nothing in mexico but can be prohibitively expensive the US. Its because there a laws preventing the purchase of drugs outside the US.
The worst part of all is that If/when we start to close this gap your prices will have to rise. For as long as I have been alive, drug makers have been selling low to some nations and making up the short fall by jacking up our prices. WE SUBSIDIZE THE WORLD on these medicines. All of their research costs and profits are taken from the US market to supply the world with affordable drugs. If we stop doing that all of you will be impacted.
There is a healthier way: start to take responsibility for your own body and health so you don’t need those products. Avoid overprocessed foods, avoid any drugs. They all have sideeffects.
The companies that subsidize the Healthcare costs of other nations. There's a reason American pharmaceutical companies are far more innovative and productive than the vast majority of other Healthcare companies. Not popular, but reality. Patents that save lives mean someone gets paid for discovering new frontiers. Researchers live in the US for a reason.
Also the manufacturing in America is insane. I did some contract work for a company contracted to make medications for various pharmaceutical companies. One of the things I learned from that is the formula for there drugs can be incredibly expensive. They were starting a process of swapping out one drug for another. And just moving a nearby machine over two far to make room for the new production line would kick off new potential approval processes that could cost the company millions.
America’s finally cracking down, but only because ozempic isn’t American owned, and because it’s a drug that makes it harder for American food corporations to make money fattening up their citizens
This was my first thought as well when watching. Thousands of problems within the healthcare system and equally ridiculous price gouging, but curiously the only one with such a strong call to action is because profits are going to a foreign company.
Given the greater problems this drug cancels out, seems like $1000 is a drop in the bucket when you think about the reduction in weight related issues, diabetes, cancer, etc. Seems like $1000 price is a pretty fair price when you think about the long term impact and return. However, as y’all mentioned, this is probably hurting the food industry and the lobbied senators need to go to bat for their food companies.
Not really sure how a push to make an advanced appetite suppressant more accessible facilitates the food industry... (Ozempic has other effects but the weight loss is mediated through better regulating appetite and food intake)
Tell me, does America charge similar prices for patented medications, for say I don't know, cancer medications? Maybe your medical conglomerates and theirs should table a meeting? Mind you I do not believe that you should be able to patent ANY molecule for ANY reason, nor should you disrupt FREE markets but whatever floats your boat. """Revlimid, a multiple myeloma drug made by the New York-based company Bristol-Myers Squibb, generated $8.7 billion in annual sales in 2021, representing 30% of the company’s overall revenue, according to the report. The original patent on the drug expired in 2019, but the drugmaker won't face competition until 2026.""" """Humira, a rheumatoid arthritis drug from the Chicago-based biotech firm AbbVie, generated $17.3 billion in annual sales in 2021. There are 311 patent applications for the drug, 94% of which were sought after FDA approval. AbbVie's original patent on the drug expired in 2016, but it won't face competition until 2023.""" """Eylea, a medication for vision problems including age-related macular degeneration from Regeneron and Bayer, has 134 patent applications, 65% of which were sought after the drug was approved in 2011. It generated $5.8 billion in annual sales last year. Its exclusivity is set to expire in 2023, but it's unlikely to face competition soon, according to I-MAK. That's because some of its additional patents on the drug don't expire until 2040. """ Go on and cry about the prices you pay for medication but try and get cheap medications FROM your country? PRICELESS!
Yeah then the rest of the world will beg us to undo that because the reason why these companies are willing to spend so much on R&D because they know the US is the golden goose
They did mention Mounjaro, made by US firm Eli Lilly. But it's interesting that Sanders has called the CEO of Danish company Novo before the Senate health committee later this month, while Lilly has not been called.
Tell me, does America charge similar prices for patented medications, for say I don't know, cancer medications? Maybe your medical conglomerates and theirs should table a meeting? Mind you I do not believe that you should be able to patent ANY molecule for ANY reason, nor should you disrupt FREE markets but whatever floats your boat. """Revlimid, a multiple myeloma drug made by the New York-based company Bristol-Myers Squibb, generated $8.7 billion in annual sales in 2021, representing 30% of the company’s overall revenue, according to the report. The original patent on the drug expired in 2019, but the drugmaker won't face competition until 2026.""" """Humira, a rheumatoid arthritis drug from the Chicago-based biotech firm AbbVie, generated $17.3 billion in annual sales in 2021. There are 311 patent applications for the drug, 94% of which were sought after FDA approval. AbbVie's original patent on the drug expired in 2016, but it won't face competition until 2023.""" """Eylea, a medication for vision problems including age-related macular degeneration from Regeneron and Bayer, has 134 patent applications, 65% of which were sought after the drug was approved in 2011. It generated $5.8 billion in annual sales last year. Its exclusivity is set to expire in 2023, but it's unlikely to face competition soon, according to I-MAK. That's because some of its additional patents on the drug don't expire until 2040. """ Go on and cry about the prices you pay for medication but try and get cheap medications FROM your country? PRICELESS!
Imagine the amazing public healthcare system we could have with a fraction of all the money that currently goes to lining the pockets of a few people at the top of a few corporations?
I am SICK of living in a country that doesn’t take care of its people. We are a developed nation that gets controlled by a business driven model that refuses to actually help the people in it.
Danish here, I feel your frustration. Here we have both universal health care and education for everyone including university for " free" ( tax funded)
Australia handled this by limiting patent periods. When the patent runs out, generic manufacturers are able to produce the drug. Guess what? The original manufacturer then reduces their prices.
The US semaglutide patent expires in less than a decade. So yes it will expire at some point and generics will help bring the price down. However the pricing problem still exists right now
doesnt work in the US because the manufacturers maintain a cartel. there is no price war with your competitors, there is a price war between the healthcare industry & its patients, and the patients always lose
Brilliant idea! Do you know what the length of time? US patents are 17 yrs plus any extensions their patent attorneys can get for them. I'll try searching.
All nation has those limits on length of patent. It's nothing new. Max length is 20 years all over the world. That's because of agreements within a UN organization called WIPO.
It's not just Oz, it's anywhere in western world that has a sane taxpayer funded healthcare system. The Americans are mad blaming the Danish for their insane cost of medicine.
And bringing it back then brings smuggling charges. It's a plan, just not a good or sustainable one, as you're unlikely to get that drug in prison in the US. Hell, in the US, one's lucky to get any lifesaving drug in prison.
@@spvillano yeah but semaglutide isn't a regulated substance! That's what's even more insane about this. You can buy it online right now without a prescription for about $150/month for the same dose as ozempic.
@@clemdane that would definitely get detected by customs and marked as smuggling. But, I did pick up 3 month supply doses for when I was overseas. Thankfully, foreign customs knew the difference between psychoactive "drugs of abuse" that were prohibited from antihypertension drugs. Got my ibuprofen in bulk abroad anyway.
While i agree with the criticism presented lets not forget 2 things: 1.) This problem doesn't stem from a lack of government intervention but from too much government power that can easily be bought. 2.) Ozempic is not some essential drug like Insulin. Most Americans are overweight because they lead a very unhealthy lifestyle. Taking weight loss drugs after stuffing yourself with burgers and downing coke while refusing to hit the treadmill once or twice a week cannot be the sustainable way to go. They could never charge these prices if Amercans weren't that lazy always trying to go the easy route.
broke my arm recently. i refused medical services because i know i couldnt afford health costs and last time i went to the hospital i had a 18k collection debt that was against me for 12 years roughly even tho it supposed to be on your credit file for 7 years. screw hospitals and health industry
I am terrified to open this hospital bill. My spouse (with cancer) ended up in an ER & then was admitted to a hospital that doesn't take her insurance. The hospital used to be Catholic and if you couldn't afford it, you paid nothing. Well, it was bought by a private equity medical...company, I guess...and that hospital emergency that was once a charity is now---I can't even open the envelope. I am not paying this. Disgusting.
@@LeighPhillips78 medical billing is a mess these days. Last time i got a $10k bill for a broken thumb, I called the insurance company (they sent me the bill) and the phone rep suggested I call my doctor's medical billing person and ask them to adjust the price "to the price they would charge for a patient paying out of pocket." The bill was updated accordingly. Afterwards the doctor charged 2k, insurance coveted about 1k, and I paid $980 in installments. Those two phone calls turned that 10k into just under 1k. I still think it's insane but that's what we get when insurance companies are low-balling, and doctors are charging extra high prices out of hope's that they'll get paid fairly. Imagine if the doctor asked for $980 in the first place. The insurance company probably would've paid $500. So they charged 10k when they really only needed 2k.
I laid in an ambulance outside the factory where I work for 45 minutes, two weeks ago, having a heart attack with EMTs yelling at me to go to the hospital and I had to refuse because I couldn't afford it. They took me after nearly an hour. I was there for a week. I have no idea how I'm going to afford to go on. I had to take another nitro pill this morning when I went into A-Fib. Doc told me I won't be cleared to return to work for at least 6 weeks. Greatest country on earth. I'm broke today, and my out of state bank is trying to repo my car. Greatest... country... everrrrrr.
Convenient how they went viral around the same time that pressure really ramped up to lower insulin costs. It felt almost overnight a couple years ago. One day people were trying to get their insulin, the next they were all struggling to get ozempic.
If we gave everyone who was morbidly obese (who wanted it) a prescription for Ozempic, we would see the need for insulin drop drastically. I’m sure that’s what you were referring to, but I like to state the obvious. I think it’s much less cruel to allow people to become type 2 diabetic when it can be avoided. But American healthcare loves to profit off of the misery of people who don’t need to be made miserable.
Ozempic is more effective for type 2 diabetics than insulin is, and the weight loss "side effect" compounds the effectiveness since weight loss also helps with T2D. Insulin prices are still very much a thing for type 1 diabetics where they literally need it to survive.
But the US don't have health insurance. Whatever it is you have its not insurance but some sort of collective bargaining system that has gotten a life of its own where discounts are more important than the price.
Tell me, does America charge similar prices for patented medications, for say I don't know, cancer medications? Maybe your medical conglomerates and theirs should table a meeting? Mind you I do not believe that you should be able to patent ANY molecule for ANY reason, nor should you disrupt FREE markets but whatever floats your boat. """Revlimid, a multiple myeloma drug made by the New York-based company Bristol-Myers Squibb, generated $8.7 billion in annual sales in 2021, representing 30% of the company’s overall revenue, according to the report. The original patent on the drug expired in 2019, but the drugmaker won't face competition until 2026.""" """Humira, a rheumatoid arthritis drug from the Chicago-based biotech firm AbbVie, generated $17.3 billion in annual sales in 2021. There are 311 patent applications for the drug, 94% of which were sought after FDA approval. AbbVie's original patent on the drug expired in 2016, but it won't face competition until 2023.""" """Eylea, a medication for vision problems including age-related macular degeneration from Regeneron and Bayer, has 134 patent applications, 65% of which were sought after the drug was approved in 2011. It generated $5.8 billion in annual sales last year. Its exclusivity is set to expire in 2023, but it's unlikely to face competition soon, according to I-MAK. That's because some of its additional patents on the drug don't expire until 2040. """ Go on and cry about the prices you pay for medication but try and get cheap medications FROM your country? PRICELESS!
Yes and no. Our system isn’t good, but other countries systems aren’t good either. In Canada for example, taxpayers pay a huge amount for the government health care system. They also have much longer queue times and almost all Canadian workers still require supplementary insurance from their employer.(I’m not a Canadian, but I do quite a bit of work in Canada and this is what I’ve gathered from talking to Canadians) Meanwhile in the US, we are pretty reliant on our employers for healthcare (which is inherently fucked up), but we do have state-funded Medicaid for those in poverty
Well, big pharma US companies have overcharged for decades the whole world for their patented drugs. Now, a European one is overcharging the US market. In Europe, people weren't able to afford US drugs that sometimes cost hundreds of thousands of dollars. European countries tried to negotiate with US companies and the US government, but they just heard "it's a free market price." Now you are experiencing what European patients felt for decades. And US administration is complaining about the price. "It's a free market price."
Iam glad you brought this up. I don’t feel bad as an American at all. Because what you said is the truth. Guess what Iam paying taxes for others to get access to ozempic because of their poor health choices
@@justme3554 I agree. We see our drugs being sent overseas for pennies on the dollar sometimes. HIV drugs sent to Africa, for example. The true cost being transferred to US Taxpayers.
This is what happens with every single new successful drug. The problem in this case, is that the company that is making the profit is not an American company...
I’m not exactly sure what the cost is here in Canada, but its price is regulated by the federal drug board. I take it and every four-dose package costs me $27 bucks a month because it’s covered under my private drug plan through work.
If a USA pharma had this monopoly, do you really think politicians would be questioning them? I doubt it, it wouldn't be in their best interest. It sucks being on the back foot.
Exactly. If the same price gauging happens with the U.S. companies it’s all “great capitalism” but if other country is reaping benefits then it’s “bad capitalism”.
agreed...and the same should be afforded smokers trying to quit, drug addicts trying to quit, or any other vice/habit/etc...if we are going to be fair and all
Americans have been overpaying for their healthcare and medication for a long time. This is what happens when you have a nation who are terrified of anything socialist like Universal healthcare. Your healthcare system makes huge profits for the medical companies and the insurance companies and is the number one cause of personal bankruptcy.
medication is expensive in united socialist of america, because of government interference. because government made it a crime to import medicine. only government can do it.
@@UrsulaMajor Please explain how the same government that can't manage the existing public health care is going to manage it better if we just give them more power.
Rather than states complaining how expensive these weight loss drugs are, wouldn’t it be better to go to basics and teach citizens that you are what you eat? If you eat rubbish, your body will respond accordingly. I know, too much money to be made by the food companies selling rubbish convenience foods. It’s down to people I guess, if you want convenience all the time, be prepared to accept the consequences. But change your lifestyle and you won’t need these overpriced drugs!
i just got a script for ozempic, and they wanted. $1,600 A MONTH!! the heck with $900/mon. but with all the bad side effects, i said skip it, i am now looking for a gym membership.
Find places to import it from abroad. Wegovy is also 1600/mo without insurance. And then with my insurance, only Walgreens is in-network specifically for Ozempic and Wegovy, but for other drugs you have a much large selection of pharmacies.
It's not the manufacturer's fault that US does not negotiate. The price gauging is solely on the US government. If I was selling something and I stated that the price is 1000$ and somebody still buys it, I'm not going to drop the price. If you go into the negotiation by saying "you can charge me whatever you want, I am not allowed to negotiate" then do not be surprised that you are charged more that the people who actually do negotiate.
the democrat politicians get a cut from big pharma lobbyists. thats why they want high prices and why they fought against lowering insulin prices for years. dragging their feet on it.
The issue with this is some people do not have the choice to negotiate. Medications can be life saving or fixing, once a few people buy into it and the money is often enough to prevent negotiations due to the obscene price. If for example the medicine in this case is 10x as expensive then they only need 10% of the community to nullify negotiations and people refusing to buy. This in turn over time forces people to either buy into it thinking it is normal or suffer. To stop this tactic you need to act early, the victims now didn't have a say unfortunately, but due to corruption it is incredibly difficult if not near impossible to fix things.
It's also not a drug maker's problem when Americans are obese because they have chosen to eat too much while sitting on the couch. I don't need ozempec, but this will effect my healthcare options. Obese people are always taking more at the expense of others.
@@cosmicskydragon333 Individuals do not have the power to negotiate drug prices. The US government has prohibited itself from negotiating the prices of medication. The reason for this is that drug companies lobbied hard, so that they could keep charging whatever they wanted. The US government cannot negotiate, as simple as that. It's not that a drug is introduced to the US market and then they try to negotiate, but cannot because enough people are willing to pay the full price. In most of the world before a drug enters a market, the government negotiates a price. The drug is not introduced to the market before the negotiations, because they cannot buy the drug until they've come to an agreement how much they will be paying for it. What your saying doesn't make sense.
I am on Ozempic and never knew it was so expensive. I am a disabled Veteran and the VA put me on it 3 months ago. I have already started seeing results, I have dropped 12 lbs. I am so grateful to the Veterans Administration for the medical care I receive from them.
There's two things I suggest to people these days after trying them myself. The first is regular fasting. If you look it up, it has plenty of huge benefits for people. Weight loss is a big one, autophagy is another(repairs damaged cells), it is a good preventative against cancer too because of that. Repairs or removes damaged cells before they cause issue. It also helps with hormones, metabolism, cognitive function. Common misconception is that you're starving yourself, but your fat is there for you to fast with. People feel awful when fasting because most are used to a carb heavy diet, and the body simply hasn't exercised it's ability to produce and run on ketosis/ketones regularly. Once you do it a few times it becomes easier and easier. The second is, Carnivore diet. Or at least. Significantly less carbs, processed foods, seed oils. I have a diet where about 75% of my calories comes from meat, cheese, organ meat. And about 25% from low carb veggies and fats. Like tomatoes, peppers, mushrooms. I still have some rice here and there, but i've cut out pasta and bread, and things like potatoes entirely, and I feel so much better after that. Both of these things took me from an over-weight, diabetic, and struggling with mental illness, to a much much healthier person. Highly suggest looking them up. It's not a miracle cure by any means, but it can actually help with tons of issues that people experience regularly. Ozempic is great, but it's temporary. It helps to learn these things about the body and nutrition to help you in the long run. Meat also is quite calorie dense, and when bought on sale, can actually be cheaper than eating your standard diet.
Mike change your diet to lose the weight &heal your body. Excellent diets: Keto and Carnviore diet with fasting. ch for keto: Dr Berg, Dr Eckberg, Dr Boz (vds for all Keto for beginners, keto flu, electrolyes etc) ch for carnviore: Dr Ken Berry (carnviore for beginners, carnviore flu, electrolyes etc), No carb life, kelly hogan, homestead how, Shawn baker md podcast, Dr Caffee & more WORTH YOUR TIME many have interview testimonies of how this has healed every health issues. ch for fasting: DR Mindy Pelz (7 types of fasting, what to drink on a fast, refeed after a fast etc) and Dr Jason fung (8 types of fasting vds etc) WORTH YOUR TIME. library will have books on all. this works while healing your body.
Do you think the US pharmaceuticals are angels? How about Epipen? The industry is rotten but don't complain when a foreign company uses the same tactics as the US companies. Disclaimer: I am a Danish citizen
Yeah he use to say its the millionaires then became one now says the billionairs.. He a sell out and bad father, communist policies... healthcare is a service and choice not a right.. He was kicked out by same democrats that kicked out biden...becuase dems dont beleive in democracy they have superdelegates. Big pharma and lobyists def a problem and protections should be revoked and no lobbying by corporations in gov
Profits over people is the American way. Pharma is so big and so many in Washington are making big money on pharma and treatment, they have no incentive to do what’s right for the people they represent.
It's a little more complex than you think. You have to figure out the years it takes to develop the drug, and testing is phenomenally costly. The drugs and the formula are never perfect, so reformulate if necessary. This all costs money; it may be disproportionately more expensive here in the USA, which is our fault.
Here's a solution. Why don't you start a pharma company that puts people over profits. Grow it too billions in revenue but you give all the money away because profits don't matter.
@@beatbuildersstudio extreme. Generic RX’s have helped create competition and offer patients affordable options. There is a balance and in America we have not found how to help and profit. I’m a conservative, and this is just one RX that is overpriced. Pharma and the medical industry was development focused and well funded prior to being publicly traded.
Novo Nordisk lucked out in being a Danish company, cause if this drug came from anywhere south of the equator and pursued the same strategy, I don't think the American government would be asking 'pretty please' for shit.
they dont have production capacity yet anyway to offer everybody doses. its not like danish people go around asking america to give us free iphones, nvidia graphic cards, intel chips, free mcdonalds, free visa / mastercard transactions, boeing planes....
Tell me, does America charge similar prices for patented medications, for say I don't know, cancer medications? Maybe your medical conglomerates and theirs should table a meeting? Mind you I do not believe that you should be able to patent ANY molecule for ANY reason, nor should you disrupt FREE markets but whatever floats your boat. """Revlimid, a multiple myeloma drug made by the New York-based company Bristol-Myers Squibb, generated $8.7 billion in annual sales in 2021, representing 30% of the company’s overall revenue, according to the report. The original patent on the drug expired in 2019, but the drugmaker won't face competition until 2026.""" """Humira, a rheumatoid arthritis drug from the Chicago-based biotech firm AbbVie, generated $17.3 billion in annual sales in 2021. There are 311 patent applications for the drug, 94% of which were sought after FDA approval. AbbVie's original patent on the drug expired in 2016, but it won't face competition until 2023.""" """Eylea, a medication for vision problems including age-related macular degeneration from Regeneron and Bayer, has 134 patent applications, 65% of which were sought after the drug was approved in 2011. It generated $5.8 billion in annual sales last year. Its exclusivity is set to expire in 2023, but it's unlikely to face competition soon, according to I-MAK. That's because some of its additional patents on the drug don't expire until 2040. """ Go on and cry about the prices you pay for medication but try and get cheap medications FROM your country? PRICELESS!
Here's an idea. Instead of spending billions of dollars on drugs because of all the trash food we're eating, how about we just spend it on healthy food instead and prevent this problem in the first place? That and also make it more convenient for people to get some daily exercise.
A big reason why people are so overweight and unhealthy in America is the quality of our food, with additives that not many other countries allow: we need to start doing something about that!
bullshit it's we all eat too much. it's a stupid myth oh people are fat because they can't afford nutritious food. just stop eating so much .cut your portions . stop pointing the finger at someone else the problem is you , all of us. if you don't work physsically then don't eat lunch , for starters.
The U.S complaining when a foreign pharma company makes billions on their product. But when american pharmaceutical companies does the same internationally. It's just business as usual.. Nice double standard. Typical america 🤦♀️
Americans don't gain anything from international pharmaceutical companies gouging people elsewhere, the only group that profits are the corporations, no matter who they decide to price gouge. There is no double standard.
People love to shame people for being overweight, and they love to shame people for actually doing what we can to stop being overweight. Despite what a million grifter UA-cam channels are trying to tell everyone, there are very few negative side effects to these medications.
It's making me sick that so many people think that a drug may be the solution for their problems. How about 't actually fixing your "bad food" epidemic (you see where people eat more healthily there is no need for something like this. Don't get me wrong, it's beautiful when this drug actually helps people. But think about it. You are committing to a life long dependency, a thing most addicts would kill not to have. You are making yourself an addict, just because this sick society does not provide more healthily alternatives to you.
Production costs is different from research and development costs (as well as time spent). That being said, the American healthcare system is broken, and without bipartisanship this is continue to get worse.
Free market health care. Medicare and Medicaid could be negotiating better prices but they do not and can not. A dollar a dies 500 per dose on advertising.
@@tombeegeeeye5765 Free market has nothing to do with it. The government is granting monopolies to these companies that prevents others from making a competing product. That's not a free market, that's crony corporatism. That is the antithesis of free market capitalism.
@@Meton2526 Patents are not limited to drugs. Fundamentally, healthcare has a problem because they profit from sickness, not from health. And more importantly, good health is something of extreme value. So, it's an industry you can't leave without strict regulation. In a free market, price is what you're willing (and able) to pay. Not what it costs to make. And sky is the limit when it comes to health. You'd pay hand over fist. In Europe, prescription drug prices are typically set centrally AFAIK. It's a feature of universal healthcare. It's a difficult business because not only is the research and approval expensive, any successful drug also has to finance all the failed research that lead nowhere and the drugs that failed to pay for themselves. It's OK if 99 % of your projects fail if the remaining 1 % hits hard.
This video is incredibly misleading though. The cost of producing a drug is primarily research and development, not manufacturing cost. Comparing the list price to the manufacturing cost makes no sense. It's like comparing the price of a game, to the price of the DVD it comes on.
It isnt just drug companies that that rape the economy like this. Every big corp company and equity investment firm are part of the same problem. Housing, food, transportation...greed is out of control.
people will blame this on capitalism, but in my opinion, it's the opposite of capitalism. There is no free market in the US where you can buy the cheapest pills. It's all handled by insurance. The user does not know or care about the price. This is a system that funnels money from insurance providers (and the people they cover) into the pockets of pharma corporations, without competing in a free market. It is absolutely ridiculous. There NEEDS to be legislation against this
No, the fault is capitalism because rich CEOs lobby and own politicians and insurance companies. They've always been price gouging, in a more free market or not. Different corporations collude together to agree to keep prices gouged. Capitalism and free markets lead to monopolies. Watch Second Thought and More Perfect Union. Watch Adam Conover on chokehold capitalism, homeless people, and banning billionaires.
As for Ozempic, Novo Nordisk holds the patent. It is not a new medication, it has been around since the 2010's. Novo Nordisk will have their patent expire in '26 I think.
This is the epitome of capitalism. Monopoly is the goal of any company working in a capitalist society. This is a thing that most americans don't understand; that when it comes to healthcare, the "free market" doesn't work, because consumers are forced to accept products because it is about their health and not just the latest smartphone or whatever.
They are not.. I'm from denmark, and know that all medicine is mostly paid with our tax.. novo charges the same for ozempic here, just people buying it pay less at the counter.
Totally, Martin Shkreli raised that foreign drug from the United States from $13.50 a pill to $750 per pill to fight TB in that foreign bacteria and hand wave more bullshit. If your sarcasm meter burned out, dud is a US born SOB, running a US SOB company and bought one of the only effective drugs against modern TB from a US company and gouged away. He's about as popular now as Ma Barker at J. Edgar Hoover's dinner table. He also did hard time for financial crimes, because greed knows no bounds. Last time we had similar, it was France and it didn't end well for the king and queen - or a lot of the middle class, for that matter. The difference between most of the industrialized nations and us, they'll refuse to do business with a greedy SOB entirely, we put on the kneepads and open wide, then call monarchies communist or fascist, without being able to define any of the three systems of capitalism, fascism or communism, let alone socialism that's been extinct in the wild since its inception.
@@SA-rs5pl there is this thing called patents.. can't expect pharmaceuticals to develop new meds if they won't get exclusive access to markets for a period
It's like so many other so called "miracle drugs" that have been introduced in the past, some with far more consequences than others. I personally believe its being far far too overprescribed. Its fine for someone trying to lose 100+ pounds. I do not think its okay for someone looking to lose 30 or less. I think this drug has the potential for psychological dependency, as well.
Almost nobody who is obese can keep weight off without either GLP1s or bariatric surgery, you just start the endless cycle of yo-yo dieting. Stop treating obesity as a moral failing and treat it like the medical condition that it is, once you become obese your body will literally fight you to stay obese.
As an American, I now seek medical, dental, and pharmaceuticals in other countries. It's too expensive here, even with Medicare, and the quality abroad is just as good. Im done getting ripped off.
The thing is when it's about your child, parent, spouse...thats when they get ya. I could care less about my own health but not the people I love thats when there's nothing more important and they can charge you whatever the fuck they want.
Just fixing the price of one drug isn't what this country needs, we need to eliminate the artificial localized economies afforded by health insurance networks in order to improve competition and enable true price discovery. In most cases for routine health care It is cheaper to pay out of pocket than it is to use insurance. The whole healthcare sector is a scam hidden behind the insurance industry.
If the US is allowed to get rid of a price-gauged pharmaceutical patent by decree, why is every country in the global south threatened with WTO sanctions everytime they propose doing the same?
are you serious? lol. The "global south" aka dictators inc., get their drugs at cut rate costs. HIV drug dolutegravir in africa is $75/YEAR. In the USA? $40,000/Year. And its like that for pretty much all drugs. Oh, and I don't see the global south's tax dollars doing the research that brings a large part of these sorts of drugs into existence, and yet, they get them for almost nothing. Cry me a river.
Ok what do you think is a reasonable amount of profit to make? Only 100 dollars net revenue? Break even every year? I'm not saying prices shouldn't be lower but you have no idea how the business works. I use to work for a pharma company. At the time 2006 it cost one Billion dollars just to get to phase one of clinical trials. Theyre no guarantee that the drug will pass all three trails and FDA approval. Now multiply that by trying to discover multiple drugs and failing along the way. If give drugs fail they spent 5 Billion already. Yes they need a long runway to keep discovery of new drugs. How do you think generic drugs are made? Once it goes off patient the generic company comes in and recreates the drug. Generic drug manufacturers don't often discover new drugs. They copy exciting ones.
Yes, those companies could sell there products for much cheaper too…actually…most probably could 😅…it’s as if we live within a crazy system trying to maximize profit for companies without regard to anything else 🤔
Nothing more than glorified dope dealers, dunno why anyone expects these dope industries to care..... No different than finding some dude on the corner, he might care more about you than the legal industry does, he don't have any laws protecting him when you die like big legal dope does.
Hmmm, complaining about abusing the free market? Who is the most "Pro-Free Markes" in the world? Hint: It has 3 letters and is obese bc their Government literally doesn't care as long they can suck the money away from their slaves.
0:43 $93 is the wholesale price to the NHS, not the price to the patient if you buy it privately (which for most people is the only way you can get it, NHS supplies are very limited). Private price is more like $360. The reason that the NHS can get medications cheaper than (for example) North Carolina is that it negotiates as a single entity, with the manufacturer directly, and gets bulk discounts as a result, whereas in the USA, there are thousands of individual negotiations between healthcare providers, usually with third parties rather than with the manufacturer, hence no bulk discounts or negotiating power. It's an entirely self-inflicted problem caused by federal lawmakers.
And if you got it on the NHS it would cost the patient to $13.20. The NHS would have to eat the difference in cost. So if prescriptions get widespread I'll have to pay a lot more taxes because most people don't have the self control to stay thin.
@@HALLish-jl5mo The NHS already has to pay a huge amount of money to cope with the multitude of illnesses that come from being obese. So the cost of the prescription would be offset to some extent. I don't know to what extent, however. Maybe it would cover part of the cost, or maybe it would recover more than the prescription costs.
@@WyndStryke True, but that just makes me wish that obesity related illnesses weren't covered. I don't mind paying to cure people's illnesses, but I'm somewhat unhappy to fix self inflicted problems
@@HALLish-jl5mo Personally I am of the opinion that they should be covered, and the patients not having a choice in the matter. It's what seems the best for society.
@@HALLish-jl5mo The problem is, it's never so clear-cut in health. The majority of "obesity related illnesses" will also happen, just at lower occurrence, in non-obese patients. Not all obesity is, by any stretch of the imagination, 'self-inflicted' either - and in many cases, too poorly understood to determine whether any particular person does or does not fall under that categorization.
Its hilarious watching the pressure put on Novo, if it was an american pharma company, nobody would play ball with Bernie😅. You need to look at your entire system instead, because if Novo was a US company, and made such a unique product, there would be no questions made.
Don't worry Soon indian pharma companies will make it's generic version or substitute formula and sell it in 5 dollars. Every one have rigth for good health
Because medicaid and medicare are by law not allowed to negotiate prices. That happens since citizens united when big pharma is allowed to pour millions in the elections bribing politicians to decide such bs
It's RW-politics. RW-politics are the politics of greed, and BOTH political-parties in the US are bought, owned, bribed, & controlled by the corrupt wealthy-class & their corrupt RW-politics. And the working-class dupes in the US continue to vote for BOTH of the RW-political-parties.
These drugs, and all weight loss drugs, are not covered by either Medicare or Medicaid. This was written into the Medicare part d law in the early 2000s.
I'm 56 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
In the 80's my Dad worked a modest job, Mom stayed at home and raised the kids, and they lived a nice middle class lifestyle including owning a home. Nowadays both I and my partner works and can barely afford to make ends meet. Soon the kids and family dog will need to work to keep this household going. It's the destruction of the American dream right before our eyes.
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation
I was a late bloomer,but Mary Callahan Erdoes Services, my financial advisor helped me bring it all together and got me into crypto. Now retired for 6 years at 72, my managed portfolio with Tracy generates about 9k a month on average more than my RMD on my retirement accounts. Not real big, but together with SS we're able to live reasonably with 160k a year. While being mortgage free.
It’s a shame that this video is simply focusing on getting the price down when the real issue is why people are being put on these things in the first place. 70 years of a disastrous dead-end low fat food experiment combined with an out of control processed food industry has resulted in an in-your-face health disaster that is increasingly engulfing the planet? Cost? The real cost is from treating sick and obese people who could all be put on the right path for free. Turn that absurd food pyramid upside down and it’d be a reality. Ozempic etc might work in the short term but why tf would anyone want to shell out ridiculous amounts of money long term in order to reduce their muscle mass alarmingly? And once off these drugs it's back to fat city but even worse than before because the person has learnt nothing and ends up heavier than before. Utterly bonkers. And disgusting. Money money money.
Its the synergistic and holistic approach. A food industry making you unwell and a phamaceutical industry to make you better, with the added advantage that you willingly pay for both.
Why are we not allowed to negotiated these prices?? Why do we have such a ridiculous healthcare system that isn't about healthcare, but only about profits for a few?
I was about to make the same point. Here in denmark, the price is what it is, because legally and politically they would never be allowed to charge what they do in the US. They know that if they tried, the government would just sign a law putting a pricecap on the product, plus their public image would suffer greatly. Give a private company the option to charge whatever they want with no consequenses..? Well of course they'll overcharge.
@@hiddenintheshadows530 not really. The 130$ is the actual product cost here in denmark. The patient has to pay between 20 and 50% of that, the rest is covered by healthcare.
And how different is this with regards to iPhones, windows software, movies and music. Extreme prices, extreme profits and extreme benefits for very few paid for by the rest of the world. America doesn’t seem to have a problem when it is favourable for America.
@@HypotheticallyHuxley kind of wrong. Some movies/tvshows/music you can't access unless you pay for a specific service. But at least we have a free alternative to those if they get too unjust.
What's even more sad than the cost itself is the fact that no one cares enough about their own health to lose weight in a normal and proper fashion and simply relies on pills in order to achieve a healthy weight. Osempic is notorious for eating away muscle mass rather than fat which would account for a majority of the weight loss. Why would you want a bunch of still overweight, skinny fat people who are too weak to even function walking around?
Ozempic works aswell as simply starving yourself. Its not a "good" drug by any chance. Simply dieting is better than ingesting something with a 1/5 chance of kilking you, don't play russian roulete with this.
Yet right here in America our tax dollars help funds the research of these drugs.. Eli lily is an American company that makes the competing weight loss drug..
Not to mention that Eli Lily also makes huge amounts of money from selling insulin... a drug that the person who discovered wanted to be cheap and accessible and sold the patent to create it for just $1. These private companies profit MASSIVELY from research they didn't do, and are just fleecing us all
being located in america doesnt mean its american. guarantee the majority of its profits go straight to european laundering accounts/businesses. because thats what ALL wealthy eurocentrics do with money they take from americans.
All taxes do. Europeans fund research as well. The difference is the European countries have some type of universal healthcare for their citizens, but the US doesn't. The US has middle men robbing the patients blind.
@@legitscoper3259 There's no such thing as capitalist ideology. Capitalism is a stage in Marxist eschatology. We shouldn't base political analysis on a debunked cult.
Thank you so much for this video but in these uncertain times it is more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
Selena-Nicole cefaloni is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Yeah. The gastric issues can be permanent, or as least long-lasting, even after they stop taking it. I'm worried about the impact on the US medical system when so many people quit being able to take up nutrients and calories by just eating normally. And y'know, also the unhappy lives of the people taking these "miracle drugs". No such thing as a free lunch.
@@Borkomora Not really. The slightly increased risk of certain kinds of cancers is probably the most concerning, but the benefits gained by not being obese outweigh all those risks since obesity greatly increased risk for many more kinds of cancer.
Pharma is the most protected industry. Very few other industries can ban imports so that they can price gauge Americans and pharma owns most of the media with their huge advertising budgets. Prescription drug ads are still banned in many countries.
It's amazing what Americans will pay to avoid counting calories and exercising. You can blame these pharma companies, but obesity is a disorder, not a disease. It's 100% preventable by changing behaviors.
Take a look at what these corrupt companies put in our foods vs Europe. It's toxic chemicals. Additionally, blacks and Indians have more diabetes which leads to high demand of insulin. Our govt is bought and paid for by the med industry. It's needs to go completely
Moreso to avoid regulating pollution, removing corn subsidies, and regulating food production. No need to rely on calorie counting and exercising when we know where the problems are. Eg. Doritos should be outlawed as they are.
Learn about the supperfood original non-gmo, organically grown wheat with its 40 of the 44 vital nutrients needed for the body to thrive! Then untouched salts, then milk,then free range eggs,all supper foods. But they know this, it's a money thing your health doesn't count like $$$.! Yet you buy their products anyway! Ground flour, stripped all that's left is basically the starch. Every product made from that g.flour is just starch! Wonder why your health issues are the leader of this world!
@@abvmoose87 under $50 is fair~ish. 10$ would be fair. It costs them less than $5 to produce an Ozempic/Wegovy pen, actually the Wegovy pen is cheaper to produce since it's fixed dose rather than adjustable.
Right.. so going after the company that produces a product that isn't essential and threatning with opening the patent, is a better option than use time on fixing the healthcare and health insurance systems that skyrockets the prices of medicin and causes your citizen to pay way more for medicin than we do i EU.
My wife takes Ozempic and pays out of pocket. 4 injections a month, and I absolutely hate it. When doctors prescribe it, they do not tell you the side affects. She's constantly sick with indigestion and vomiting for days after the injection. Not only that, but once you start taking the drug, you effectively cannot get off of it. The hunger cravings come on worse. She did lose 50 lbs, but has plateau'd. She hasn't changed her eating habits or started a workout regimen, which I think is the biggest misconception about the drug. That it's a miracle injection. Patients who want to take this drug should be required to have a serious health plan BEFORE they are prescribed Ozempic. Ozempic should be the last resort. I've also read reports of people getting pancreatic cancer from it. Cost aside - It's a terrible drug on take.
I seriously doubt your pancreatic cancer source. The drug had been on market for less than seven years. Such a causality cannot be established in such a short time.
Your anecdote is contrary to 10s of thousands of other anecdotes and more importantly, the actual studies. A few people just tolerate it poorly, but based on the studies and majority of patient results, it is a very small minority. Also your pancreatic cancer thing is not based in reality. Overall, it's an incredible drug from an overall population health perspective in our modern world.
Ozempic has a few side effects, but that for most of it's existance it was weighed against diabetes. Personally I thought ozempic could be an alternative to surgical solutions to weight problems.
@@Jorjioo The nausea can be an issue. It takes a while to adjust. You should have a plan for dosage and understand it is not a temporary solution. You should never self-medicate on it. If you have diabetes and blood sugar moves like a yoyo, these side effects are mild though. This medication has been in use by a reasonable population for almost a decade now.
Every industry has become about one thing in America; how can we extract every last cent from the working class. I work in a rural, underserved community, and I would say nearly 50% of my patient panel has asked me for, or about, GLP-1s in the past six months.
I believe it. GLP1s are a lifesaver. I was skeptical at first about them, but finally tried Wegovy this year and it has completely changed my life for the better, I've lost 50lbs in 5 months and am the healthiest I've been since my 20s. The feds need to get the price of GLP1s under control.
Ozempic in Germany, $59.
Ozempic in America $1,029
Cost to lobby a US Senator, $400,000
Making insane profits in America, Priceless!
for when shareholders mean more than people. Mastercard is there for you
But this is true of insulin as well, along with every other medication and medical procedure. There is an answer, and it is Medicare for All.
This! The European countries cap manufacturer drug prices!
@@pjaypender1009not at these prices. You have to regulate and cap the prices for the manufacturers.
Freedom for big corporations to rob. For the rest of us, good luck😅
US Tax money is such an easy cash cow when you own politicians.
Funny how bribery works so well.
And citizens united, and corporate money in politics
europe wouldnt exist without stealing everything americans generate.. even our culture. look at how hilariously bad their rap is but they take themselves soooo seriously about it. while they are less hard than the average well off american lmao.
Exactly, apparently they didn't donate enough to his campaign. That's why cooperate money needs to be taken out of political races.
this video is bullshlit.. using this medication for "weight loss" is not what the medication exists for.. meaning insurance does NOT cover it unless the doctor is guilty of felony fraud.. this video is nonsense..
How anyone in the US thought banning price negotiation for Medicare would be a good idea is beyond me.
Trump was trying to force a favor Nations clause so that way the United States would be paying the cheapest prices for drugs rather than the most.
They didn't ask the citizens. It's a BIG club and we ain't in it. The government's job in the current world, is to protect corporations from the citizens. Remember the Trans-Pacific Partnership Pact? It became the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, and passed (thankfully without the US, but it doesn't really matter.) One of the things in the pact is the ability for companies to sue governments for projected losses, or projected gains that were not realized because of a government's actions. So a company could say 'hey we're gonna make $50Trillion selling X over the next 40 years" and if a government makes X illegal, then the company could file suit against that government for the $50Trillion they projected had X not been made illegal.
The people of the world think they're citizens of their nations, but really we're all chattle to globalist corporations. They pit the poor against the 'rich', black vs white, religion vs religion, country vs country, all so that we don't unite under the realization that we're being contained from the very-top down.
As I said. We have the best congress money can buy.
The drug companies thought it would be devastating for them, so they lobbied hard, and the politicians involved got their retirement fund
They didn't think it was a good idea, they were kneecapping medicare
I wonder if the outrage is because it's a European company making excess profits, not an American one...
It is
Highly likely
True, why aren’t they criticizing Eli Lilly?
Prob bc european companies are more likely to negotiate, which forces the us companies to remain "competitive"
Trump will be in power soon and the americans are fed a covenient truth, and this is more convenient than adressing the root causes, an hopelessly antiquated healtcaresystem and a foodindustry aparently set on killing people.
Politician: You cannot sell this drug for $1000!
Pharma Lobby: We sell it for $1100 and you receive $100 for every dosage sold.
Politician: There appears to be no problem.
Its issue is: Capitalism. Greed/Lust for personal gains/profit in Form of money.
Succintly put
@@legitscoper3259capitalism is good but you need to mix in sone socialism when you see the abuse of capitalism. For example here in Netherlands, a simple 2 bedroom home is over 300 000 euro which is unaffordable for 80% of people which is why many of us rent. But on another hand, college here is only 3000 euro per year due to government helping with tuition costs. You Americans should also ask your government to step in with medication costs and college costs.
THAT PART
@@nocapproductions5471 if you have to 'mix in some socialism' it's not capitalism anymore, I don't understand why people are so attached to that name
Remember what happened with inhalers?? They patented the literal plastic dispenser part and made inhalers basically UNAFFORDABLE!!! 😫
YUP. They keep changing something so it never qualifies for the generic production.
Glad I live in New Zealand.
You can thank Lina Khan for reversing useless patents on inhalers making price go down. She’s the best thing that Biden administration did.
@@kiwibonsai2355 You're very fortunate!!! I remember as a young child in school teachers were ALWAYS telling us kids, "You all are VERY FORTUNATE to be living in the United States of America. You live in the MOST FREE country in the world" ...
How so? 🤷 I think we were ALL being lied to at an early age to brainwash us into believing that. I've since woken up to the facts 😔 I hope others will
Really we have 4 kids on albuterol (along with my husband) it $24 an inhaler for us we get 4 at at time. My oldest is on an inhaled steroid that is only $39 a month. The past few years the price for all their med have gone down.
My buddy is from India, he has health issues with multiple prescriptions. He flies to India to buy his medication months of supplies, even with the airfare it’s significantly less than what he would pay for it in the US with his insurance.
Does he go to.the cheap brothels while he's there?
And gets though customs how?
@@txsicshooter Since he took Ozempic he just fits through the gates
@@txsicshooter you can declare and import a three month supply of prescription medication that is non narcotics for other countries if you have a valid prescription
@@miamithijs3579Of course 😂😂😂
Whatever FDA says I try to avoid it. I found myself in this rabbit hole of so many industry lies when I read "The 23 Former Doctor Truths". Its no wonder why Doctor left her career.
So you eat rancid butter and inject fentany into your eye because the FDA says it is bad.
bot
IN US EVERYTHING IS A BUSINESS! HEALTH CARE, SCHOOLS, SCIENCE, ECOLOGY, SECURITY...EVERYTHING! All us laws are bought by big companies. Poor idiots in us dont even have holydays!! While we in europe have so many paid holydays it's even starting to be anoying! Women [or men if decided by family] in my country have paid maternity leave for 2 years! And employer must keep her/his job spot. AT LEAST month of paid vacation per year. Teachers, doctors and so on have 2 months.
@@SayWhaaaaaaaaaaaaaaaaaaaaaaat Now that is socialist and communistic policy. How can any company afford to do that? Do they even have a right to fire you?
@@crand20033 Have you even know what the hell communism and socialism means? It's to seize the means of production, employees taking over the company of the employer or state nationalizing all private companies. None of the Europe are doing that, they are still in capitalist system but with better safety net. Do better research and avoid spreading garbage in the internet.
Profits over patients? You mean the entire Healthcare industry?
capitalism 101
It was ever a profit game, never a health game.
The healthcare/drug companies want you to be as sick as possible for as long as possible and take as many drugs as possible so they can make as much money as possible.
Yep and don't get me started on medical debt
Even the most noble need to have a life of their own and a means to provide for their family. Healthcare is no less a commodity than any other skill. Would you deride a plumber, electrician or mason because they refused to perform without payment? If people cannot make a living in it, they will not do it - then where is your healthcare?
Medicinal manufacturers vastly inflating prices in the US?
Never happened before. 🤣
and there are people still claiming that big pharma is for the good of all people and we shouldn't doubt them.
This why Medicare for all can help push government to lower drug prices.
Get ready for some major class action lawsuits, this drug has killed people and will kill more people.
People work for money, never forget that’s the motivator. Maybe that should be pushed away from healthcare. If you can have those separate it would change, these are monsters too big to manage
That's not the problem. The problem is the people in the US putting the bigger money in their pockets by preventing the country from getting a national healthcare plan and single-payer system that will be able to dictate the prices of all drugs for everyone.
I love how they’re complaining when a foreign company does it, but it was totally fine when American companies were doing it to us.
Tell me, does America charge similar prices for patented medications, for say I don't know, cancer medications? Maybe your medical conglomerates and theirs should table a meeting? Mind you I do not believe that you should be able to patent ANY molecule for ANY reason, nor should you disrupt FREE markets but whatever floats your boat.
"""Revlimid, a multiple myeloma drug made by the New York-based company Bristol-Myers Squibb, generated $8.7 billion in annual sales in 2021, representing 30% of the company’s overall revenue, according to the report. The original patent on the drug expired in 2019, but the drugmaker won't face competition until 2026."""
"""Humira, a rheumatoid arthritis drug from the Chicago-based biotech firm AbbVie, generated $17.3 billion in annual sales in 2021. There are 311 patent applications for the drug, 94% of which were sought after FDA approval. AbbVie's original patent on the drug expired in 2016, but it won't face competition until 2023."""
"""Eylea, a medication for vision problems including age-related macular degeneration from Regeneron and Bayer, has 134 patent applications, 65% of which were sought after the drug was approved in 2011. It generated $5.8 billion in annual sales last year. Its exclusivity is set to expire in 2023, but it's unlikely to face competition soon, according to I-MAK. That's because some of its additional patents on the drug don't expire until 2040. """
Go on and cry about the prices you pay for medication but try and get cheap medications FROM your country? PRICELESS!
Foreign companies don’t pay them. American companies give them money through “donations” and in turn these politicians lobby for policies that make it harder for competition to come into the industry. That’s why everything in the medical industry is insanely overpriced, since only three companies are allowed to make anything medical to begin with.
😮
They don't care where the company is from, we live in a world corporation, they only care who the donor is
I actually think both are wrong, but a foreign company doing this just somehow seems worse - it exacerbates the balance of trade.
In Poland Ozempic costs:
1. If you are not entitled to deduction by Medicare - $100/month
2. If you are entitled to deduction by Medicare - $30/month
3. If you are over 65 yo - $0/month
if you can find any at a pharmacy😂😂😂
100x the cost of production including profit...
less than we spend on average on alcohol and tobacco
@@nameberry220don't be an idiot, this is even more than this moronic video is claiming.
@@emiliachan plus it cost a lot more that this guy is claiming
America was a low hanging fruit. Overweight and the ability to price gouge.
And most of us Americans are idiots.
Overweight due to processed foods, seed oils, and HFCS
@@safeandeffectiveloldon’t forget sedentary lifestyles due to the internet, and depression
Also urban sprawl/ long commute times & lack of pedestrian & bike friendly routes. Cutting recess & gym class & and parents being paranoid about letting their kids play outside. a@@suzykendallosborne
We wouldn't hang so damn low if we weren't so fat
What you never asked is “Why can’t we just import these drugs from overseas and pay for shipping?”
Spoiler Alert: Politicians made that illegal!
A lot of Americans get their prescription drugs from Canada?
What You do not ask, either, is "why can't we start asking our "patients" to eat responsible and nurture themselves instead of cramming themselves into pathologically risky health conditions" ...?
@manfredschmalbach9023 Bro solved obesity. Congratulations, man. Wow, you are so smart and serious and no-nonsense. Why can't these highly trained, hard-working and intelligent doctors know to just ask their patients.
Hey, here's a thought. Maybe next time you get any serious ailment, your doctor would tell you to have just not have done what you did to get it. And if it was a birth defect, hey, maybe that's a sign your parents should have swallowed you instead.
Mine came from across the border
Make it legal to import drugs from foreign countries and prices will equalize. Companies will raise foreign prices to not be subsidized by the US, and lower US prices to be close enough that most won’t bother with the hassle of importing.
Greed is not the desire for more, it's the desire for more at the expense of others.
It's the desire for other people's stuff.
@@aluisious no that's covetousness
I like this definition
@@DoubleOhSilver wow that word. Impressed. 👏
Greed is yourself eating in obesity
People are sick and tired of getting ripped by pharmaceutical companies and governments alike too
The fact that Americans are suddenly up in arms about the price gouging on patented drugs when the company is not an American company, is kinda ironic.
Exactly. They don't care about their citizens, just about the economy for the rich.
The fact that it's a weight loss drug makes it all the more amazing
You know what? You are actually spot-on, friend.
it's other companies that think it's unfair cuz they did not think of it first that are lobbing for this.
@@jacobe2995 that’s a lie. The other companies would do the same exact thing without a care in the world. Yet, we would be the ones to pay and finance their exorbitant and greed and unquenchable wanton for excess.
Wait wait wait...these pharmaceutical companies have been price gouging the hell out of diabetics, why wasn't that an issue? Especially type ones.
I just hit the donut hole in my Medicare advantage coverage. My costs quadrupled. I manage on half a dose weekly. My A1C dropped from 7.2 to 6.2, and my weight has dropped almost 30 lbs; 10 more to go. But I won’t be off Ozempic once I reach that goal because at best I’ll be back to being pre-diabetic. My weight loss has been slow and steady and maintained but it’s not the deciding factor. These pricing structures are sheer usury.
I was thinking the same thing
Clearly you have not been following Bernie and his long fight there too.
It was an issue, but it's not profitable to do anything about it so our politicians won't do anything about it. Too many lobbyists.
Pharmaceutical companies have been gouging diabetics for a long while, look at the history of the cost of insulin etc.
Seems that the only problem is that the company is not American. I didn't see any politician complaining when they decided to make epi pen and other life saving medicine extremely expensive.
It’s a common U.S. strategy to scrutinize foreign companies more intensely, and this is evident in the case of Bayer’s acquisition of Monsanto. After Bayer, a German company, took over the American firm, the number of high-profile lawsuits related to glyphosate surged significantly. This pattern isn't unique to Bayer; other foreign acquisitions have also faced heightened legal challenges and public scrutiny. Prior to the acquisition, Monsanto had its share of controversies and legal issues, but they didn’t attract nearly the same level of attention as those that emerged afterward. This suggests a broader trend in how foreign entities are treated within the U.S. legal landscape.
@@goodtaste4it's a well known strategy to blame it on the foreigners
Yeah it’s xenophobia at a corporate level
Europe does the same thing to us, that's why the EU keeps going after big American tech companies like Google and Apple and forcing them to pay outlandish fines. Somehow, they always write their regulations with enough breadth to preclude burdens on Spotify...
@lilybaker732 that is not true. Actually the EU does a pretty decent Job to prevent certain Monopoly Like Google or Meta (Facebook). The Problem for Google and especially Faelcebook is that their Business Models collaide with european data protection laws.
Here is a wild thought, maybe the FDA should regulate how much sugar and other crap that contributes to obesity companies load up their food with. Or you know, try removing the privet insurance companies from the healthcare industry.
Exactly. Oz causes pancreatic cancer. Health care should be more affordable or free, but oz isn’t a great example. Nobody should be taking that stuff.
As an European, I am really baffled why the US is always paying significantly more for the same drugs compared to other countries? This video really highlights how pharmaceutical companies exploit the lack of price controls in America. If other countries can negotiate better prices, why can’t the US? It’s time to overhaul the way drug prices are regulated in the US.
Actually did a deep dive on the company as well a few weeks ago and stumbled across this controversy.
Sad reality 😅
Exactly. Simply Medicare negotiating drug prices will put a stop to this.
It's all because of greed! And because prescription drugs are cheaper in other countries, so America makes up the difference.
America makes up no difference, you guys just refuse to work together annd still preach extreme individualism and great man theory@DragonKingGaav
Price control = communism. Americans are happy to pay more because the capitalist "free market" knows best, apparently.
This situation is a joke. The US government is so concerned about a foreign pharmaceutical company making profits using the same pricing as companies in the US charge for their medication is not a secret at all. Companies in the US pay off these politicians with their profits to keep silent about their own exploitation, while a foreign company doesnt have to. They're mad that they arent getting a slice of the pie. Fix the ENTIRE US healthcare cost situation, not target a foreign company. Yeah a 2$ adrenaline vial being sold for $999 as an anaphylaxis shot totally makes sense. Total BS and honestly very depressing.
@Joshua-wc5oz I’m glad I’m not the only one who hasn’t forgotten about the Epi-pen gouging!! I went to pick up an epi-pen and they told me it was $500. I was horrified!! I told them that I have insurance, and they told me that that is my cost AFTER insurance! So I said, “Well, I guess I’d better try to make it to the ER in time or I’ll just have to die!”
I agree with this, but we need to take steps towards this and this is absolutely a step in the right direction.
The funny thing to me is it's literally just an appetite suppressant and there's a free alternative called fasting.
You should be more depressed about your woeful lack of understanding of how the system benefits YOU. You should also ease up on all the claims of conspiracies and payoffs. If you worked a little harder to make a few dollars you wouldn't be so upset about the cost of everything. You might also understand that the companies don't drag duffels of cash around to pay off politicians. The profits go into the stock market to pay for 401K's and other retirement plans for all Americans. At least those not whining about costs like you are.
But Mimimi you aren't paying for the adrenaline vial, you are paying for the REVOLUTIONARY INVENTIVE GLORIOUS SUPERB piece of shit plastic pen that injects that 2$ adrenaline vial in your ass (literally the companies oppinion)
I'm Norwegian. My dad gets his Ozempic for free by the government Lost almost 150lbs. Novo Nordisk has a bilateral agreement with Nordic countries to supply them first, and at the same time Parliament heavily negotiated prices of the drug to get it for pennies on the dollar compared to the USA. Public healthcare incentivizes these kinds of negotiations, something Private healthcare simply cannot. Now you are paying extortion prices for something we get basically for free. Incredible.
These 2 scenarios are both the result of socialized healthcare. It is so expensive because of laws allowing it be a temporary monopoly. The monopoly was put in place by the government. If our system was actually free market, we would be able to buy generics or competitors drugs which would drastically reduce the cost. Its why insulin costs almost nothing in mexico but can be prohibitively expensive the US. Its because there a laws preventing the purchase of drugs outside the US.
@@FinalHeresyno shit. The land of the free.
@@FinalHeresy This.
The worst part of all is that If/when we start to close this gap your prices will have to rise. For as long as I have been alive, drug makers have been selling low to some nations and making up the short fall by jacking up our prices. WE SUBSIDIZE THE WORLD on these medicines. All of their research costs and profits are taken from the US market to supply the world with affordable drugs. If we stop doing that all of you will be impacted.
@@FinalHeresylaws introduced by big pharma
There is a healthier way: start to take responsibility for your own body and health so you don’t need those products.
Avoid overprocessed foods, avoid any drugs. They all have sideeffects.
You are asking the wrong question. The question should be: Why is it so expensive in the U.S.? Who or why is making it so expensive in America?
Medicine is a Munition of war. This is an attack upon the nation.
The companies that subsidize the Healthcare costs of other nations. There's a reason American pharmaceutical companies are far more innovative and productive than the vast majority of other Healthcare companies. Not popular, but reality. Patents that save lives mean someone gets paid for discovering new frontiers. Researchers live in the US for a reason.
Kickbacks
Also the manufacturing in America is insane. I did some contract work for a company contracted to make medications for various pharmaceutical companies. One of the things I learned from that is the formula for there drugs can be incredibly expensive. They were starting a process of swapping out one drug for another. And just moving a nearby machine over two far to make room for the new production line would kick off new potential approval processes that could cost the company millions.
"American pharmaceutical companies" and "innovative." What an oxymoron.
America’s finally cracking down, but only because ozempic isn’t American owned, and because it’s a drug that makes it harder for American food corporations to make money fattening up their citizens
That’s what I thought the video would be about. The lost profits of food manufacturing and healthcare services but no Novo beat them to the money 💰
This was my first thought as well when watching. Thousands of problems within the healthcare system and equally ridiculous price gouging, but curiously the only one with such a strong call to action is because profits are going to a foreign company.
Given the greater problems this drug cancels out, seems like $1000 is a drop in the bucket when you think about the reduction in weight related issues, diabetes, cancer, etc. Seems like $1000 price is a pretty fair price when you think about the long term impact and return. However, as y’all mentioned, this is probably hurting the food industry and the lobbied senators need to go to bat for their food companies.
Not really sure how a push to make an advanced appetite suppressant more accessible facilitates the food industry... (Ozempic has other effects but the weight loss is mediated through better regulating appetite and food intake)
Tell me, does America charge similar prices for patented medications, for say I don't know, cancer medications? Maybe your medical conglomerates and theirs should table a meeting? Mind you I do not believe that you should be able to patent ANY molecule for ANY reason, nor should you disrupt FREE markets but whatever floats your boat.
"""Revlimid, a multiple myeloma drug made by the New York-based company Bristol-Myers Squibb, generated $8.7 billion in annual sales in 2021, representing 30% of the company’s overall revenue, according to the report. The original patent on the drug expired in 2019, but the drugmaker won't face competition until 2026."""
"""Humira, a rheumatoid arthritis drug from the Chicago-based biotech firm AbbVie, generated $17.3 billion in annual sales in 2021. There are 311 patent applications for the drug, 94% of which were sought after FDA approval. AbbVie's original patent on the drug expired in 2016, but it won't face competition until 2023."""
"""Eylea, a medication for vision problems including age-related macular degeneration from Regeneron and Bayer, has 134 patent applications, 65% of which were sought after the drug was approved in 2011. It generated $5.8 billion in annual sales last year. Its exclusivity is set to expire in 2023, but it's unlikely to face competition soon, according to I-MAK. That's because some of its additional patents on the drug don't expire until 2040. """
Go on and cry about the prices you pay for medication but try and get cheap medications FROM your country? PRICELESS!
Drug cost is not regulated in the US. That is why it's so damn expensive. Change the law and we'll see real change.
Yeah then the rest of the world will beg us to undo that because the reason why these companies are willing to spend so much on R&D because they know the US is the golden goose
BuT tHe FrEe MaRkEt
That’s covered in the video if you dare to watch it
Free Market ai'nt free if there is thousands of patent laws and protections for old products. Let competition prevail.
The problem is quite literally the oposite. If you had no patents, this wouldn't happen.
There are no patients in America. Only customers.
If the company was American based then this report wouldn’t exist
100% true my friend. But hypocrisy is a base value of American society and economy.
They did mention Mounjaro, made by US firm Eli Lilly. But it's interesting that Sanders has called the CEO of Danish company Novo before the Senate health committee later this month, while Lilly has not been called.
Eli Lilly is making a very similar drug
Tell me, does America charge similar prices for patented medications, for say I don't know, cancer medications? Maybe your medical conglomerates and theirs should table a meeting? Mind you I do not believe that you should be able to patent ANY molecule for ANY reason, nor should you disrupt FREE markets but whatever floats your boat.
"""Revlimid, a multiple myeloma drug made by the New York-based company Bristol-Myers Squibb, generated $8.7 billion in annual sales in 2021, representing 30% of the company’s overall revenue, according to the report. The original patent on the drug expired in 2019, but the drugmaker won't face competition until 2026."""
"""Humira, a rheumatoid arthritis drug from the Chicago-based biotech firm AbbVie, generated $17.3 billion in annual sales in 2021. There are 311 patent applications for the drug, 94% of which were sought after FDA approval. AbbVie's original patent on the drug expired in 2016, but it won't face competition until 2023."""
"""Eylea, a medication for vision problems including age-related macular degeneration from Regeneron and Bayer, has 134 patent applications, 65% of which were sought after the drug was approved in 2011. It generated $5.8 billion in annual sales last year. Its exclusivity is set to expire in 2023, but it's unlikely to face competition soon, according to I-MAK. That's because some of its additional patents on the drug don't expire until 2040. """
Go on and cry about the prices you pay for medication but try and get cheap medications FROM your country? PRICELESS!
just ask what their insulin costs lmao
Imagine the amazing public healthcare system we could have with a fraction of all the money that currently goes to lining the pockets of a few people at the top of a few corporations?
And yet people keep voting for the same corrupt politicians. Be they dems or reps.
Yeah, just sit and imagine it. Sounds like the plan.
Imagine what we could do simply by reforming the patent, copyright, and trademark systems
@@theforcedmemeThis is the way. Reform the patent system and much of the patent capture crap goes away.
Ancient Egyptian sun worshiping, of the god Kek, desires hive mind?!
I am SICK of living in a country that doesn’t take care of its people. We are a developed nation that gets controlled by a business driven model that refuses to actually help the people in it.
Danish here, I feel your frustration.
Here we have both universal health care and education for everyone including university for " free" ( tax funded)
You just described fascism.
Hail Capitalism! Capitalism that buys politicians! What could possibly go wrong?
You just described Judaism.
he just described the US
Wait until you hear about the epipen price from a US based company called Eli Lilly which is actually life-saving and a must for many people
Australia handled this by limiting patent periods. When the patent runs out, generic manufacturers are able to produce the drug. Guess what? The original manufacturer then reduces their prices.
The US semaglutide patent expires in less than a decade. So yes it will expire at some point and generics will help bring the price down. However the pricing problem still exists right now
doesnt work in the US because the manufacturers maintain a cartel. there is no price war with your competitors, there is a price war between the healthcare industry & its patients, and the patients always lose
Brilliant idea! Do you know what the length of time? US patents are 17 yrs plus any extensions their patent attorneys can get for them. I'll try searching.
All nation has those limits on length of patent. It's nothing new. Max length is 20 years all over the world. That's because of agreements within a UN organization called WIPO.
It's not just Oz, it's anywhere in western world that has a sane taxpayer funded healthcare system. The Americans are mad blaming the Danish for their insane cost of medicine.
When a 2 week long vacation to Germany + buying a year supply of Ozempic is cheaper then buying it in the US.
And bringing it back then brings smuggling charges.
It's a plan, just not a good or sustainable one, as you're unlikely to get that drug in prison in the US. Hell, in the US, one's lucky to get any lifesaving drug in prison.
@@spvillano yeah but semaglutide isn't a regulated substance! That's what's even more insane about this. You can buy it online right now without a prescription for about $150/month for the same dose as ozempic.
Will they let you buy a year's supply at once?
@@clemdane that would definitely get detected by customs and marked as smuggling.
But, I did pick up 3 month supply doses for when I was overseas. Thankfully, foreign customs knew the difference between psychoactive "drugs of abuse" that were prohibited from antihypertension drugs. Got my ibuprofen in bulk abroad anyway.
Novo Nordisk for only 24% of the price, the rest goes to the American pharmaceutical distributor
While i agree with the criticism presented lets not forget 2 things:
1.) This problem doesn't stem from a lack of government intervention but from too much government power that can easily be bought.
2.) Ozempic is not some essential drug like Insulin. Most Americans are overweight because they lead a very unhealthy lifestyle. Taking weight loss drugs after stuffing yourself with burgers and downing coke while refusing to hit the treadmill once or twice a week cannot be the sustainable way to go.
They could never charge these prices if Amercans weren't that lazy always trying to go the easy route.
broke my arm recently. i refused medical services because i know i couldnt afford health costs and last time i went to the hospital i had a 18k collection debt that was against me for 12 years roughly even tho it supposed to be on your credit file for 7 years. screw hospitals and health industry
I am terrified to open this hospital bill. My spouse (with cancer) ended up in an ER & then was admitted to a hospital that doesn't take her insurance. The hospital used to be Catholic and if you couldn't afford it, you paid nothing. Well, it was bought by a private equity medical...company, I guess...and that hospital emergency that was once a charity is now---I can't even open the envelope. I am not paying this. Disgusting.
Did you call the insurance compamy and medical biller upon receiving that bill? How did that go at the time?
@@LeighPhillips78 medical billing is a mess these days. Last time i got a $10k bill for a broken thumb, I called the insurance company (they sent me the bill) and the phone rep suggested I call my doctor's medical billing person and ask them to adjust the price "to the price they would charge for a patient paying out of pocket." The bill was updated accordingly. Afterwards the doctor charged 2k, insurance coveted about 1k, and I paid $980 in installments.
Those two phone calls turned that 10k into just under 1k. I still think it's insane but that's what we get when insurance companies are low-balling, and doctors are charging extra high prices out of hope's that they'll get paid fairly. Imagine if the doctor asked for $980 in the first place. The insurance company probably would've paid $500. So they charged 10k when they really only needed 2k.
Challenge it on your credit reports.
I laid in an ambulance outside the factory where I work for 45 minutes, two weeks ago, having a heart attack with EMTs yelling at me to go to the hospital and I had to refuse because I couldn't afford it. They took me after nearly an hour. I was there for a week. I have no idea how I'm going to afford to go on. I had to take another nitro pill this morning when I went into A-Fib. Doc told me I won't be cleared to return to work for at least 6 weeks. Greatest country on earth. I'm broke today, and my out of state bank is trying to repo my car. Greatest... country... everrrrrr.
Convenient how they went viral around the same time that pressure really ramped up to lower insulin costs. It felt almost overnight a couple years ago. One day people were trying to get their insulin, the next they were all struggling to get ozempic.
I wonder what wonder drug cash cow they'll have next once they've juiced every dime out of this one
Yea, well, they figured out they couldn't gouge us to death with the insulin so they had to move onto another SCAM.
What a profitable coincidence
If we gave everyone who was morbidly obese (who wanted it) a prescription for Ozempic, we would see the need for insulin drop drastically. I’m sure that’s what you were referring to, but I like to state the obvious. I think it’s much less cruel to allow people to become type 2 diabetic when it can be avoided. But American healthcare loves to profit off of the misery of people who don’t need to be made miserable.
Ozempic is more effective for type 2 diabetics than insulin is, and the weight loss "side effect" compounds the effectiveness since weight loss also helps with T2D. Insulin prices are still very much a thing for type 1 diabetics where they literally need it to survive.
The pricing is also the consequence of the health insurance system. Private health insurance companies are bankrupting the US.
Exactly: Insurance, Pharma, Private Hospitals.
But the US don't have health insurance. Whatever it is you have its not insurance but some sort of collective bargaining system that has gotten a life of its own where discounts are more important than the price.
And don’t forget, if they want to claim R&D costs contribute towards the costs - our taxes paid for that already.
I'm so sick of our health system. This isn't right
VOte blue then...lol
Tell me, does America charge similar prices for patented medications, for say I don't know, cancer medications? Maybe your medical conglomerates and theirs should table a meeting? Mind you I do not believe that you should be able to patent ANY molecule for ANY reason, nor should you disrupt FREE markets but whatever floats your boat.
"""Revlimid, a multiple myeloma drug made by the New York-based company Bristol-Myers Squibb, generated $8.7 billion in annual sales in 2021, representing 30% of the company’s overall revenue, according to the report. The original patent on the drug expired in 2019, but the drugmaker won't face competition until 2026."""
"""Humira, a rheumatoid arthritis drug from the Chicago-based biotech firm AbbVie, generated $17.3 billion in annual sales in 2021. There are 311 patent applications for the drug, 94% of which were sought after FDA approval. AbbVie's original patent on the drug expired in 2016, but it won't face competition until 2023."""
"""Eylea, a medication for vision problems including age-related macular degeneration from Regeneron and Bayer, has 134 patent applications, 65% of which were sought after the drug was approved in 2011. It generated $5.8 billion in annual sales last year. Its exclusivity is set to expire in 2023, but it's unlikely to face competition soon, according to I-MAK. That's because some of its additional patents on the drug don't expire until 2040. """
Go on and cry about the prices you pay for medication but try and get cheap medications FROM your country? PRICELESS!
Yes and no. Our system isn’t good, but other countries systems aren’t good either. In Canada for example, taxpayers pay a huge amount for the government health care system. They also have much longer queue times and almost all Canadian workers still require supplementary insurance from their employer.(I’m not a Canadian, but I do quite a bit of work in Canada and this is what I’ve gathered from talking to Canadians)
Meanwhile in the US, we are pretty reliant on our employers for healthcare (which is inherently fucked up), but we do have state-funded Medicaid for those in poverty
God bless America 🥲....
@@bernardmithi4718God help America.
Well, big pharma US companies have overcharged for decades the whole world for their patented drugs. Now, a European one is overcharging the US market. In Europe, people weren't able to afford US drugs that sometimes cost hundreds of thousands of dollars.
European countries tried to negotiate with US companies and the US government, but they just heard "it's a free market price." Now you are experiencing what European patients felt for decades. And US administration is complaining about the price. "It's a free market price."
Iam glad you brought this up. I don’t feel bad as an American at all. Because what you said is the truth. Guess what Iam paying taxes for others to get access to ozempic because of their poor health choices
Our region has to tell US companies that we can't buy certain specialist medications they say are worth huge chunks of the region budget.
Yeah, shoe on the other foot, I have very little sympathy
What drugs are these? Seems Americans always pay more for drugs, no matter the company.
@@justme3554 I agree. We see our drugs being sent overseas for pennies on the dollar sometimes. HIV drugs sent to Africa, for example. The true cost being transferred to US Taxpayers.
This is what happens with every single new successful drug. The problem in this case, is that the company that is making the profit is not an American company...
Exactly!
Old and new alike. People in the US pay 20-50 times more than elsewhere (if they don't receive it free).
Exactly!! I love seeing them go crazy lol
I’m not exactly sure what the cost is here in Canada, but its price is regulated by the federal drug board. I take it and every four-dose package costs me $27 bucks a month because it’s covered under my private drug plan through work.
If a USA pharma had this monopoly, do you really think politicians would be questioning them? I doubt it, it wouldn't be in their best interest. It sucks being on the back foot.
Exactly. If the same price gauging happens with the U.S. companies it’s all “great capitalism” but if other country is reaping benefits then it’s “bad capitalism”.
Spot on. Hypocrites. Play stupid neo liberal economy games, win stupid neo liberal economy prices.
Actually, Bernie Sanders would question them it's kind of his thing.....
Nah, politicians take bribes from all of them, regardless of country of origin.
@@RETNUH73 But he'd be alone in doing so.
I took Ozempic for 6 months, it literally changed my life and my eating behaviour for the better, and those changes stayed after 6 months.
That's awesome, and I'm glad your life turned around for the better
That being said, did it really cost as much as the video said?
Okay. So, when you took Ozempic you also changed your lifestyle. Is that right?
Or you could, you know, go to the gym every day. Big Pharma making millions off laziness.
agreed...and the same should be afforded smokers trying to quit, drug addicts trying to quit, or any other vice/habit/etc...if we are going to be fair and all
@@kathym6603they have to. once they go off meds, weight will almost always return.
Americans have been overpaying for their healthcare and medication for a long time. This is what happens when you have a nation who are terrified of anything socialist like Universal healthcare. Your healthcare system makes huge profits for the medical companies and the insurance companies and is the number one cause of personal bankruptcy.
medication is expensive in united socialist of america, because of government interference.
because government made it a crime to import medicine. only government can do it.
Ah yes, it's not like the reason for the current state of affair is state intervention, which is you know, socialism.
@@foetusdeletus6313that's not what socialism is. I beg you to get educated on the subject before we all die, thanks
@@UrsulaMajor what a leftoid response
@@UrsulaMajor Please explain how the same government that can't manage the existing public health care is going to manage it better if we just give them more power.
Rather than states complaining how expensive these weight loss drugs are, wouldn’t it be better to go to basics and teach citizens that you are what you eat?
If you eat rubbish, your body will respond accordingly.
I know, too much money to be made by the food companies selling rubbish convenience foods. It’s down to people I guess, if you want convenience all the time, be prepared to accept the consequences.
But change your lifestyle and you won’t need these overpriced drugs!
i just got a script for ozempic, and they wanted. $1,600 A MONTH!! the heck with $900/mon. but with all the bad side effects, i said skip it, i am now looking for a gym membership.
And yet anyone proposing universal health care that would reduce the cost to 50 usd is banned and called a communist. Do you understand the game?
Find places to import it from abroad. Wegovy is also 1600/mo without insurance. And then with my insurance, only Walgreens is in-network specifically for Ozempic and Wegovy, but for other drugs you have a much large selection of pharmacies.
@@TheTazzietiger no..go to the gym and eat better. It's simple...
Get on a consistent diet and do some moderate cardio.. I was lucky to state skateboarding and surfing young so my cardio is fun!
Get rid of sugar and try IF
It's not the manufacturer's fault that US does not negotiate. The price gauging is solely on the US government.
If I was selling something and I stated that the price is 1000$ and somebody still buys it, I'm not going to drop the price.
If you go into the negotiation by saying "you can charge me whatever you want, I am not allowed to negotiate" then do not be surprised that you are charged more that the people who actually do negotiate.
the democrat politicians get a cut from big pharma lobbyists. thats why they want high prices and why they fought against lowering insulin prices for years. dragging their feet on it.
also PS, the head of the FDA is a former big pharma CEO.
gee
The issue with this is some people do not have the choice to negotiate.
Medications can be life saving or fixing, once a few people buy into it and the money is often enough to prevent negotiations due to the obscene price. If for example the medicine in this case is 10x as expensive then they only need 10% of the community to nullify negotiations and people refusing to buy. This in turn over time forces people to either buy into it thinking it is normal or suffer.
To stop this tactic you need to act early, the victims now didn't have a say unfortunately, but due to corruption it is incredibly difficult if not near impossible to fix things.
It's also not a drug maker's problem when Americans are obese because they have chosen to eat too much while sitting on the couch.
I don't need ozempec, but this will effect my healthcare options. Obese people are always taking more at the expense of others.
@@cosmicskydragon333 Individuals do not have the power to negotiate drug prices.
The US government has prohibited itself from negotiating the prices of medication. The reason for this is that drug companies lobbied hard, so that they could keep charging whatever they wanted. The US government cannot negotiate, as simple as that. It's not that a drug is introduced to the US market and then they try to negotiate, but cannot because enough people are willing to pay the full price.
In most of the world before a drug enters a market, the government negotiates a price. The drug is not introduced to the market before the negotiations, because they cannot buy the drug until they've come to an agreement how much they will be paying for it.
What your saying doesn't make sense.
I am on Ozempic and never knew it was so expensive. I am a disabled Veteran and the VA put me on it 3 months ago. I have already started seeing results, I have dropped 12 lbs. I am so grateful to the Veterans Administration for the medical care I receive from them.
There's two things I suggest to people these days after trying them myself.
The first is regular fasting. If you look it up, it has plenty of huge benefits for people. Weight loss is a big one, autophagy is another(repairs damaged cells), it is a good preventative against cancer too because of that. Repairs or removes damaged cells before they cause issue. It also helps with hormones, metabolism, cognitive function.
Common misconception is that you're starving yourself, but your fat is there for you to fast with. People feel awful when fasting because most are used to a carb heavy diet, and the body simply hasn't exercised it's ability to produce and run on ketosis/ketones regularly. Once you do it a few times it becomes easier and easier.
The second is, Carnivore diet. Or at least. Significantly less carbs, processed foods, seed oils. I have a diet where about 75% of my calories comes from meat, cheese, organ meat. And about 25% from low carb veggies and fats. Like tomatoes, peppers, mushrooms. I still have some rice here and there, but i've cut out pasta and bread, and things like potatoes entirely, and I feel so much better after that.
Both of these things took me from an over-weight, diabetic, and struggling with mental illness, to a much much healthier person.
Highly suggest looking them up. It's not a miracle cure by any means, but it can actually help with tons of issues that people experience regularly.
Ozempic is great, but it's temporary. It helps to learn these things about the body and nutrition to help you in the long run. Meat also is quite calorie dense, and when bought on sale, can actually be cheaper than eating your standard diet.
Mike change your diet to lose the weight &heal your body. Excellent diets: Keto and Carnviore diet with fasting.
ch for keto: Dr Berg, Dr Eckberg, Dr Boz (vds for all Keto for beginners, keto flu, electrolyes etc)
ch for carnviore: Dr Ken Berry (carnviore for beginners, carnviore flu, electrolyes etc), No carb life, kelly hogan, homestead how, Shawn baker md podcast, Dr Caffee & more WORTH YOUR TIME many have interview testimonies of how this has healed every health issues.
ch for fasting: DR Mindy Pelz (7 types of fasting, what to drink on a fast, refeed after a fast etc) and Dr Jason fung (8 types of fasting vds etc)
WORTH YOUR TIME. library will have books on all. this works while healing your body.
i had an 80yr old neighbor loose 20 pounds in few months by simply changing her eating habits and eliminating sugar. no ozempic was needed.
It wont work for every body @@leszekkot3373
Fucking Criminal
Do you think the US pharmaceuticals are angels? How about Epipen? The industry is rotten but don't complain when a foreign company uses the same tactics as the US companies.
Disclaimer: I am a Danish citizen
I never get tired of seeing Bernie expose the most important subjects for American society to an empty room. Every single time
When is Bernie gonna expose the rigged dnc or return the campaign money he made off with?
Can’t do the same for Israel
Zionest scam
Yeah he use to say its the millionaires then became one now says the billionairs.. He a sell out and bad father, communist policies... healthcare is a service and choice not a right.. He was kicked out by same democrats that kicked out biden...becuase dems dont beleive in democracy they have superdelegates. Big pharma and lobyists def a problem and protections should be revoked and no lobbying by corporations in gov
He’s telling everyone to vote Kamaleon/Kamala when everyone knows it’s a bad deal. Are you sure about that?
The zionest
Profits over people is the American way. Pharma is so big and so many in Washington are making big money on pharma and treatment, they have no incentive to do what’s right for the people they represent.
It's a little more complex than you think. You have to figure out the years it takes to develop the drug, and testing is phenomenally costly. The drugs and the formula are never perfect, so reformulate if necessary. This all costs money; it may be disproportionately more expensive here in the USA, which is our fault.
Here's a solution. Why don't you start a pharma company that puts people over profits. Grow it too billions in revenue but you give all the money away because profits don't matter.
@@beatbuildersstudio extreme. Generic RX’s have helped create competition and offer patients affordable options. There is a balance and in America we have not found how to help and profit. I’m a conservative, and this is just one RX that is overpriced. Pharma and the medical industry was development focused and well funded prior to being publicly traded.
Isnt this the reason why the establishment and washington pushes the " orange man bad " narrative.
@@beatbuildersstudio 💯 That doesn't fit into their socialist ideology.
Novo Nordisk lucked out in being a Danish company, cause if this drug came from anywhere south of the equator and pursued the same strategy, I don't think the American government would be asking 'pretty please' for shit.
Well, there are very few countries south of the equator that even have the capital, human or otherwise, to develop something like this
they dont have production capacity yet anyway to offer everybody doses. its not like danish people go around asking america to give us free iphones, nvidia graphic cards, intel chips, free mcdonalds, free visa / mastercard transactions, boeing planes....
They're not the one pumping up the price, it's US insurance companies using middlemen to avoid having their profits limited.
Tell me, does America charge similar prices for patented medications, for say I don't know, cancer medications? Maybe your medical conglomerates and theirs should table a meeting? Mind you I do not believe that you should be able to patent ANY molecule for ANY reason, nor should you disrupt FREE markets but whatever floats your boat.
"""Revlimid, a multiple myeloma drug made by the New York-based company Bristol-Myers Squibb, generated $8.7 billion in annual sales in 2021, representing 30% of the company’s overall revenue, according to the report. The original patent on the drug expired in 2019, but the drugmaker won't face competition until 2026."""
"""Humira, a rheumatoid arthritis drug from the Chicago-based biotech firm AbbVie, generated $17.3 billion in annual sales in 2021. There are 311 patent applications for the drug, 94% of which were sought after FDA approval. AbbVie's original patent on the drug expired in 2016, but it won't face competition until 2023."""
"""Eylea, a medication for vision problems including age-related macular degeneration from Regeneron and Bayer, has 134 patent applications, 65% of which were sought after the drug was approved in 2011. It generated $5.8 billion in annual sales last year. Its exclusivity is set to expire in 2023, but it's unlikely to face competition soon, according to I-MAK. That's because some of its additional patents on the drug don't expire until 2040. """
Go on and cry about the prices you pay for medication but try and get cheap medications FROM your country? PRICELESS!
If it was a US company it would have already lobbied against prices ever decreasing.
It would have paid the republican to shut his mouth.
Here's an idea. Instead of spending billions of dollars on drugs because of all the trash food we're eating, how about we just spend it on healthy food instead and prevent this problem in the first place? That and also make it more convenient for people to get some daily exercise.
A big reason why people are so overweight and unhealthy in America is the quality of our food, with additives that not many other countries allow: we need to start doing something about that!
It's kinda sad. Even American vegan diet products is not that good.
bullshit it's we all eat too much. it's a stupid myth oh people are fat because they can't afford nutritious food. just stop eating so much .cut your portions . stop pointing the finger at someone else the problem is you , all of us. if you don't work physsically then don't eat lunch , for starters.
Additives don't make people fat. The American tradition of overeating is what makes us fat. We eat more and we eat more often.
I eat like a 3rd world country because my parents are from Mexico
There are also additives we dont allow that many other countries do, this is a moot point
The U.S complaining when a foreign pharma company makes billions on their product. But when american pharmaceutical companies does the same internationally. It's just business as usual.. Nice double standard. Typical america 🤦♀️
Americans don't gain anything from international pharmaceutical companies gouging people elsewhere, the only group that profits are the corporations, no matter who they decide to price gouge. There is no double standard.
That guy blamed the people who are getting it prescribed to them, literally the lowest person on the pole. The consumers are relatively powerless.
They cannot help but stuff their faces with food until they are morbidly obese and about to start losing toes.
People love to shame people for being overweight, and they love to shame people for actually doing what we can to stop being overweight. Despite what a million grifter UA-cam channels are trying to tell everyone, there are very few negative side effects to these medications.
That drives up demand
@xvvxvvxvvx People being hungry drives up the demand for food, guess I should reconsider eating, or else I might harm the economy🤡
They can fly to the UK, get a prescription and buy a six month supply for a pittance.
It's making me sick that so many people think that a drug may be the solution for their problems. How about 't actually fixing your "bad food" epidemic (you see where people eat more healthily there is no need for something like this.
Don't get me wrong, it's beautiful when this drug actually helps people. But think about it. You are committing to a life long dependency, a thing most addicts would kill not to have. You are making yourself an addict, just because this sick society does not provide more healthily alternatives to you.
American drugcompanies overpricing: 🤐
Other country based drugcompanies overpricing: 🤬🤬🤬
100% true. Getting a taste of their own medicine, and start to cry like a toddler. the irony is hilarious
@@legitscoper3259and nothing will change. Both parties love these companies screwing over Americans.
Production costs is different from research and development costs (as well as time spent). That being said, the American healthcare system is broken, and without bipartisanship this is continue to get worse.
It seems like America charges some of the highest prices for medical care in the world.
Free market health care. Medicare and Medicaid could be negotiating better prices but they do not and can not.
A dollar a dies 500 per dose on advertising.
@@tombeegeeeye5765 Free market has nothing to do with it. The government is granting monopolies to these companies that prevents others from making a competing product. That's not a free market, that's crony corporatism. That is the antithesis of free market capitalism.
most of the global market being so out of whack is america's fault, and their unending greed and stupidity.
@@Meton2526 Patents are not limited to drugs. Fundamentally, healthcare has a problem because they profit from sickness, not from health. And more importantly, good health is something of extreme value. So, it's an industry you can't leave without strict regulation. In a free market, price is what you're willing (and able) to pay. Not what it costs to make. And sky is the limit when it comes to health. You'd pay hand over fist. In Europe, prescription drug prices are typically set centrally AFAIK. It's a feature of universal healthcare.
It's a difficult business because not only is the research and approval expensive, any successful drug also has to finance all the failed research that lead nowhere and the drugs that failed to pay for themselves. It's OK if 99 % of your projects fail if the remaining 1 % hits hard.
This video is incredibly misleading though. The cost of producing a drug is primarily research and development, not manufacturing cost. Comparing the list price to the manufacturing cost makes no sense. It's like comparing the price of a game, to the price of the DVD it comes on.
It isnt just drug companies that that rape the economy like this. Every big corp company and equity investment firm are part of the same problem. Housing, food, transportation...greed is out of control.
people will blame this on capitalism, but in my opinion, it's the opposite of capitalism. There is no free market in the US where you can buy the cheapest pills. It's all handled by insurance. The user does not know or care about the price. This is a system that funnels money from insurance providers (and the people they cover) into the pockets of pharma corporations, without competing in a free market. It is absolutely ridiculous. There NEEDS to be legislation against this
No, the fault is capitalism because rich CEOs lobby and own politicians and insurance companies.
They've always been price gouging, in a more free market or not.
Different corporations collude together to agree to keep prices gouged.
Capitalism and free markets lead to monopolies.
Watch Second Thought and More Perfect Union.
Watch Adam Conover on chokehold capitalism, homeless people, and banning billionaires.
Who will make those legislations ?? The politicians that are being lobbies by those pharmaceutical company ? 😂😂😂 This shit wont end
Right Drug Dealers 101.
As for Ozempic, Novo Nordisk holds the patent. It is not a new medication, it has been around since the 2010's. Novo Nordisk will have their patent expire in '26 I think.
This is the epitome of capitalism. Monopoly is the goal of any company working in a capitalist society. This is a thing that most americans don't understand; that when it comes to healthcare, the "free market" doesn't work, because consumers are forced to accept products because it is about their health and not just the latest smartphone or whatever.
Weird how they are only targeting non-US companies
They are not.. I'm from denmark, and know that all medicine is mostly paid with our tax.. novo charges the same for ozempic here, just people buying it pay less at the counter.
Same in UK actually. they have a similar system
Totally, Martin Shkreli raised that foreign drug from the United States from $13.50 a pill to $750 per pill to fight TB in that foreign bacteria and hand wave more bullshit.
If your sarcasm meter burned out, dud is a US born SOB, running a US SOB company and bought one of the only effective drugs against modern TB from a US company and gouged away. He's about as popular now as Ma Barker at J. Edgar Hoover's dinner table. He also did hard time for financial crimes, because greed knows no bounds.
Last time we had similar, it was France and it didn't end well for the king and queen - or a lot of the middle class, for that matter.
The difference between most of the industrialized nations and us, they'll refuse to do business with a greedy SOB entirely, we put on the kneepads and open wide, then call monarchies communist or fascist, without being able to define any of the three systems of capitalism, fascism or communism, let alone socialism that's been extinct in the wild since its inception.
Novo Nordisk has almost 100% market share. What is needed is a competitor that’ll make it affordable down to a couple of hundred dollars.
@@SA-rs5pl there is this thing called patents.. can't expect pharmaceuticals to develop new meds if they won't get exclusive access to markets for a period
Wait. America pissed about a company is profiting on health drugs?
It's insane that so many people need ozempic to lose weight! Whole food and drug system in US is insane!
It's like so many other so called "miracle drugs" that have been introduced in the past, some with far more consequences than others. I personally believe its being far far too overprescribed. Its fine for someone trying to lose 100+ pounds. I do not think its okay for someone looking to lose 30 or less. I think this drug has the potential for psychological dependency, as well.
@@BT-ex7ko I agree
Almost nobody who is obese can keep weight off without either GLP1s or bariatric surgery, you just start the endless cycle of yo-yo dieting. Stop treating obesity as a moral failing and treat it like the medical condition that it is, once you become obese your body will literally fight you to stay obese.
Strange, Once I broke the sugar and bread addictions I lost nearly 100 pounds and became super healthy, never took a weight loss pill.
No one, or almost no one needs it.
I've resigned myself to the fact that as an American, I will go when nature intends me to. Our broken healthcare system won't get jack from me...
That's how I feel, and at this rate, I hope it's not much longer.
Me too. 👍
The only way to win is to not play...
As an American, I now seek medical, dental, and pharmaceuticals in other countries. It's too expensive here, even with Medicare, and the quality abroad is just as good. Im done getting ripped off.
The thing is when it's about your child, parent, spouse...thats when they get ya. I could care less about my own health but not the people I love thats when there's nothing more important and they can charge you whatever the fuck they want.
Just fixing the price of one drug isn't what this country needs, we need to eliminate the artificial localized economies afforded by health insurance networks in order to improve competition and enable true price discovery. In most cases for routine health care It is cheaper to pay out of pocket than it is to use insurance. The whole healthcare sector is a scam hidden behind the insurance industry.
What about the recoup of all the research and risk that led to manufacturing of the drug. That wasn’t free.
If the US is allowed to get rid of a price-gauged pharmaceutical patent by decree, why is every country in the global south threatened with WTO sanctions everytime they propose doing the same?
They're not the proverbial 800 lb gorilla!
Mostly, lobbying from US corporations.
are you serious? lol. The "global south" aka dictators inc., get their drugs at cut rate costs. HIV drug dolutegravir in africa is $75/YEAR. In the USA? $40,000/Year. And its like that for pretty much all drugs. Oh, and I don't see the global south's tax dollars doing the research that brings a large part of these sorts of drugs into existence, and yet, they get them for almost nothing. Cry me a river.
Checkout the book «Kicking Down The Ladder» by Ha-Joon Chang.
India makes patented medicines cheaply without any issues from the US. One argument, citizen health is more important than profits.
Imagine thinking $12 billion in profits is not enough
Amazon ?
Imagine thinking there is an "enough" in any business at all lol
Apple?
Ok what do you think is a reasonable amount of profit to make? Only 100 dollars net revenue? Break even every year?
I'm not saying prices shouldn't be lower but you have no idea how the business works. I use to work for a pharma company. At the time 2006 it cost one Billion dollars just to get to phase one of clinical trials.
Theyre no guarantee that the drug will pass all three trails and FDA approval. Now multiply that by trying to discover multiple drugs and failing along the way.
If give drugs fail they spent 5 Billion already. Yes they need a long runway to keep discovery of new drugs.
How do you think generic drugs are made? Once it goes off patient the generic company comes in and recreates the drug. Generic drug manufacturers don't often discover new drugs. They copy exciting ones.
Yes, those companies could sell there products for much cheaper too…actually…most probably could 😅…it’s as if we live within a crazy system trying to maximize profit for companies without regard to anything else 🤔
Novo Nordisk has also discontinued shipping their Norditropin Growth Hormone to North America when they hyper focused on Ozempic sales.
Nothing more than glorified dope dealers, dunno why anyone expects these dope industries to care..... No different than finding some dude on the corner, he might care more about you than the legal industry does, he don't have any laws protecting him when you die like big legal dope does.
Hmmm, complaining about abusing the free market? Who is the most "Pro-Free Markes" in the world?
Hint: It has 3 letters and is obese bc their Government literally doesn't care as long they can suck the money away from their slaves.
Amazing how they have been happy to gouge their population for so long on health care, but as soon as a company, not USA owned does it, it's not fair.
0:43 $93 is the wholesale price to the NHS, not the price to the patient if you buy it privately (which for most people is the only way you can get it, NHS supplies are very limited). Private price is more like $360.
The reason that the NHS can get medications cheaper than (for example) North Carolina is that it negotiates as a single entity, with the manufacturer directly, and gets bulk discounts as a result, whereas in the USA, there are thousands of individual negotiations between healthcare providers, usually with third parties rather than with the manufacturer, hence no bulk discounts or negotiating power. It's an entirely self-inflicted problem caused by federal lawmakers.
And if you got it on the NHS it would cost the patient to $13.20.
The NHS would have to eat the difference in cost.
So if prescriptions get widespread I'll have to pay a lot more taxes because most people don't have the self control to stay thin.
@@HALLish-jl5mo The NHS already has to pay a huge amount of money to cope with the multitude of illnesses that come from being obese. So the cost of the prescription would be offset to some extent. I don't know to what extent, however. Maybe it would cover part of the cost, or maybe it would recover more than the prescription costs.
@@WyndStryke True, but that just makes me wish that obesity related illnesses weren't covered. I don't mind paying to cure people's illnesses, but I'm somewhat unhappy to fix self inflicted problems
@@HALLish-jl5mo Personally I am of the opinion that they should be covered, and the patients not having a choice in the matter. It's what seems the best for society.
@@HALLish-jl5mo The problem is, it's never so clear-cut in health. The majority of "obesity related illnesses" will also happen, just at lower occurrence, in non-obese patients. Not all obesity is, by any stretch of the imagination, 'self-inflicted' either - and in many cases, too poorly understood to determine whether any particular person does or does not fall under that categorization.
Its hilarious watching the pressure put on Novo, if it was an american pharma company, nobody would play ball with Bernie😅. You need to look at your entire system instead, because if Novo was a US company, and made such a unique product, there would be no questions made.
Don't worry Soon indian pharma companies will make it's generic version or substitute formula and sell it in 5 dollars.
Every one have rigth for good health
But why??? Makes no sense that Medicaid is willing to pay 10x the price - it’s greed
Because medicaid and medicare are by law not allowed to negotiate prices. That happens since citizens united when big pharma is allowed to pour millions in the elections bribing politicians to decide such bs
Our politicians are all taking bribes. It makes perfect sense.
It's RW-politics. RW-politics are the politics of greed, and BOTH political-parties in the US are bought, owned, bribed, & controlled by the corrupt wealthy-class & their corrupt RW-politics. And the working-class dupes in the US continue to vote for BOTH of the RW-political-parties.
Us government is run by corporations. Pharma is the biggest. And they've designed the world to poison people so they depend on pharma
These drugs, and all weight loss drugs, are not covered by either Medicare or Medicaid. This was written into the Medicare part d law in the early 2000s.
I'm 56 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
In the 80's my Dad worked a modest job, Mom stayed at home and raised the kids, and they lived a nice middle class lifestyle including owning a home. Nowadays both I and my partner works and can barely afford to make ends meet. Soon the kids and family dog will need to work to keep this household going. It's the destruction of the American dream right before our eyes.
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation
I was a late bloomer,but Mary Callahan Erdoes Services, my financial advisor helped me bring it all together and got me into crypto. Now retired for 6 years at 72, my managed portfolio with Tracy generates about 9k a month on average more than my RMD on my retirement accounts. Not real big, but together with SS we're able to live reasonably with 160k a year. While being mortgage free.
She is really a good investment advisor. Was privileged to attend some of her seminars.that's how I started my own crypto investment
It’s a shame that this video is simply focusing on getting the price down when the real issue is why people are being put on these things in the first place. 70 years of a disastrous dead-end low fat food experiment combined with an out of control processed food industry has resulted in an in-your-face health disaster that is increasingly engulfing the planet? Cost? The real cost is from treating sick and obese people who could all be put on the right path for free.
Turn that absurd food pyramid upside down and it’d be a reality. Ozempic etc might work in the short term but why tf would anyone want to shell out ridiculous amounts of money long term in order to reduce their muscle mass alarmingly? And once off these drugs it's back to fat city but even worse than before because the person has learnt nothing and ends up heavier than before. Utterly bonkers. And disgusting. Money money money.
They all chose to ignore your comment because they don't want to use willpower to create a healthier lifestyle. They want a magic pill.
Exactly this. The real issue should be getting these obese people to lose weight NATURALLY by eating healthy food and exercising
Yeah, this
Its the synergistic and holistic approach. A food industry making you unwell and a phamaceutical industry to make you better, with the added advantage that you willingly pay for both.
This. Humanity caught up in the perpetual pursuit of the easy answer. There are none.
The USA has been doing this in Europe for decades. Now capitalism is coming back to the USA and things are no longer so great...
Why are we not allowed to negotiated these prices?? Why do we have such a ridiculous healthcare system that isn't about healthcare, but only about profits for a few?
Because our politicians are so good at making us hate each other that they don't have to do anything else to get elected
Because how else would shareholders earn 38billions in a couple years.
Have you thought about them?
Shareholdersyachtsmatters.
You are allowed. You just don't have any power. Same thing for unions and income negotiations.
That's such a good question. WHO is this system for? It's not for the patients. It's not for the workers.
Because America.
I've seen so many of those ozempic ads whenever I turn on the TV, that I don't turn on the TV.
Just move to a civilised country where advertising drugs directly to people with no medical qualifications is illegal.
Exactly why I pay for UA-cam Premium. Probably won't ever subscribe for cable.
The thought of advertising drugs to the general public is absolutely mind boggling to me
@@MandaPanda254It's disgusting. People want instant results in america and theyre willing to pay hand over fist to get them.
@@handlemonium why pay for youtube premium?? LOL
It's cheaper in the UK because in the US our politicians do not protect us.
Probably because the NHS is a huge single buyer which helps them negotiate a lower price.
also they have a real universal healthcare System, so the government help to pay and offset the cost
I was about to make the same point. Here in denmark, the price is what it is, because legally and politically they would never be allowed to charge what they do in the US. They know that if they tried, the government would just sign a law putting a pricecap on the product, plus their public image would suffer greatly.
Give a private company the option to charge whatever they want with no consequenses..? Well of course they'll overcharge.
@@hiddenintheshadows530 not really. The 130$ is the actual product cost here in denmark. The patient has to pay between 20 and 50% of that, the rest is covered by healthcare.
It's cheaper in the UK because we're much poorer than the US, largely as a result of the sort of policies advocated for in this video.
And how different is this with regards to iPhones, windows software, movies and music. Extreme prices, extreme profits and extreme benefits for very few paid for by the rest of the world. America doesn’t seem to have a problem when it is favourable for America.
You can just buy other smartphones, OS, movies, and music. There's no patent on the concept of film, and no-one is going to die without it.
@@HypotheticallyHuxley kind of wrong. Some movies/tvshows/music you can't access unless you pay for a specific service. But at least we have a free alternative to those if they get too unjust.
What's even more sad than the cost itself is the fact that no one cares enough about their own health to lose weight in a normal and proper fashion and simply relies on pills in order to achieve a healthy weight. Osempic is notorious for eating away muscle mass rather than fat which would account for a majority of the weight loss. Why would you want a bunch of still overweight, skinny fat people who are too weak to even function walking around?
Ozempic works aswell as simply starving yourself. Its not a "good" drug by any chance. Simply dieting is better than ingesting something with a 1/5 chance of kilking you, don't play russian roulete with this.
Yet right here in America our tax dollars help funds the research of these drugs.. Eli lily is an American company that makes the competing weight loss drug..
right. make it domestically like insulin.
Not to mention that Eli Lily also makes huge amounts of money from selling insulin... a drug that the person who discovered wanted to be cheap and accessible and sold the patent to create it for just $1. These private companies profit MASSIVELY from research they didn't do, and are just fleecing us all
being located in america doesnt mean its american. guarantee the majority of its profits go straight to european laundering accounts/businesses. because thats what ALL wealthy eurocentrics do with money they take from americans.
It's called Mounjaro. It works better than Ozempic/Weygovy, but it also cost $1000+.
All taxes do. Europeans fund research as well. The difference is the European countries have some type of universal healthcare for their citizens, but the US doesn't. The US has middle men robbing the patients blind.
The problem isnt the company, it's the way they are regulated, if they could every profit oriented company will raise prices as much as they can
Putting profits over patients supposed to be a motto of US healthcare, isn't it?
It's a basic Motto of Capitalist ideology.
@@legitscoper3259 There's no such thing as capitalist ideology. Capitalism is a stage in Marxist eschatology. We shouldn't base political analysis on a debunked cult.
Thank you so much for this video but in these uncertain times it is more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?
you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
Selena-Nicole cefaloni is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
The side effects are awe inspiring as well.
they're bad?
Yeah. The gastric issues can be permanent, or as least long-lasting, even after they stop taking it. I'm worried about the impact on the US medical system when so many people quit being able to take up nutrients and calories by just eating normally. And y'know, also the unhappy lives of the people taking these "miracle drugs".
No such thing as a free lunch.
@@Borkomora Not really. The slightly increased risk of certain kinds of cancers is probably the most concerning, but the benefits gained by not being obese outweigh all those risks since obesity greatly increased risk for many more kinds of cancer.
Gastric paralysis
How about we get rid of the chemicals in the food. Obesity problem solved.
Pharma is the most protected industry. Very few other industries can ban imports so that they can price gauge Americans and pharma owns most of the media with their huge advertising budgets. Prescription drug ads are still banned in many countries.
Helping citizens doesn’t have a political alignment. Or at least it shouldn’t.
They help themselves first and toss scraps to the little people. Don't believe their lips.
The different in political alignments is *which* citizens they're trying to help.
It's amazing what Americans will pay to avoid counting calories and exercising. You can blame these pharma companies, but obesity is a disorder, not a disease. It's 100% preventable by changing behaviors.
That doesn't help people with diabetes, which some people legitimately take it for.
Take a look at what these corrupt companies put in our foods vs Europe. It's toxic chemicals.
Additionally, blacks and Indians have more diabetes which leads to high demand of insulin. Our govt is bought and paid for by the med industry. It's needs to go completely
Moreso to avoid regulating pollution, removing corn subsidies, and regulating food production.
No need to rely on calorie counting and exercising when we know where the problems are. Eg. Doritos should be outlawed as they are.
Learn about the supperfood original non-gmo, organically grown wheat with its 40 of the 44 vital nutrients needed for the body to thrive! Then untouched salts, then milk,then free range eggs,all supper foods. But they know this, it's a money thing your health doesn't count like $$$.! Yet you buy their products anyway! Ground flour, stripped all that's left is basically the starch. Every product made from that g.flour is just starch! Wonder why your health issues are the leader of this world!
@@feliciagaffney1998 yes, its sad that people who really need the drug are being priced out due to people who wont address their eating disorders.
The actual peptide is incredibly easy to manufacture. It's the pen that they claim is so expensive to produce.
It's the printing on the pen that hundredfolds the price.
I wouldnt say protein based medecines are super cheap to make though bit for sure usa shouldnt have to pay that much, 100-200 is more fair
They could quite easily supply the drug in bog-standard 30ml vials and have local pharmacies administer it using cheap, generic subcutaneous needles.
The pen probably costs less than 1$ to make, auto-injectors have been around for ages and are cheap to produce.
@@abvmoose87 under $50 is fair~ish. 10$ would be fair. It costs them less than $5 to produce an Ozempic/Wegovy pen, actually the Wegovy pen is cheaper to produce since it's fixed dose rather than adjustable.
Right.. so going after the company that produces a product that isn't essential and threatning with opening the patent, is a better option than use time on fixing the healthcare and health insurance systems that skyrockets the prices of medicin and causes your citizen to pay way more for medicin than we do i EU.
My wife takes Ozempic and pays out of pocket. 4 injections a month, and I absolutely hate it. When doctors prescribe it, they do not tell you the side affects. She's constantly sick with indigestion and vomiting for days after the injection. Not only that, but once you start taking the drug, you effectively cannot get off of it. The hunger cravings come on worse.
She did lose 50 lbs, but has plateau'd. She hasn't changed her eating habits or started a workout regimen, which I think is the biggest misconception about the drug. That it's a miracle injection. Patients who want to take this drug should be required to have a serious health plan BEFORE they are prescribed Ozempic. Ozempic should be the last resort.
I've also read reports of people getting pancreatic cancer from it.
Cost aside - It's a terrible drug on take.
I seriously doubt your pancreatic cancer source. The drug had been on market for less than seven years. Such a causality cannot be established in such a short time.
Your anecdote is contrary to 10s of thousands of other anecdotes and more importantly, the actual studies.
A few people just tolerate it poorly, but based on the studies and majority of patient results, it is a very small minority.
Also your pancreatic cancer thing is not based in reality.
Overall, it's an incredible drug from an overall population health perspective in our modern world.
Ozempic has a few side effects, but that for most of it's existance it was weighed against diabetes.
Personally I thought ozempic could be an alternative to surgical solutions to weight problems.
@@Jorjioo The nausea can be an issue. It takes a while to adjust. You should have a plan for dosage and understand it is not a temporary solution. You should never self-medicate on it.
If you have diabetes and blood sugar moves like a yoyo, these side effects are mild though. This medication has been in use by a reasonable population for almost a decade now.
other guy in comments said that after not taking it, the effects stayed. Guess it depends :(
Got to laugh at Americans complaining about capitalism. Especially over an obesity drug.
Every industry has become about one thing in America; how can we extract every last cent from the working class. I work in a rural, underserved community, and I would say nearly 50% of my patient panel has asked me for, or about, GLP-1s in the past six months.
I believe it. GLP1s are a lifesaver. I was skeptical at first about them, but finally tried Wegovy this year and it has completely changed my life for the better, I've lost 50lbs in 5 months and am the healthiest I've been since my 20s. The feds need to get the price of GLP1s under control.
Don't buy it. Problem solved.