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rustys_shackled_ford t1_jc7ghv3 wrote

I will never consider anything big pharma does as uplifting news.

The real story is the greed not the sudden price change after ALOT of pressure and bad publicity.

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irkthejerk t1_jc7hljm wrote

Working on a Lilly plant now, it's a shit show. Every step of the way, they talk about values, but every decision is money based

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FawksyBoxes t1_jc7gvp0 wrote

I mean better late than never. Also the pressure is from California deciding enough was enough and the state government making their own for like $25-35 a bottle. So people could just buy from them. I could see California eventually setting up nationwide shipping.

I bet they are trying to bury that fact with their "sudden" altruism.

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rustys_shackled_ford t1_jc7n6po wrote

Better late then never is a thought cancelling mentality ... it's an excuse to keep being/doing shitty things.

Imagine if the authorities said that after catching a serial killer.

Imagine the leader of the planet saying it after we've made the planet uninhabitable.

I stopped buying the "better late then never" propaganda when I realized how the 2 party voting system worked.

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FawksyBoxes t1_jc7nt5e wrote

Those are not equivalent arguments though. They have to change because the state of California said enough is enough. It would be like cops finally doing their job, because a vigilante is making them look bad.

The second one wouldn't be possible, he would be dead if the planet is uninhabitable.

My point stands they are doing this as PR and potentially bury the news about California. Before any other states decide to make them change their policies.

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themaryjanes t1_jc7gv01 wrote

Public pressure works, let’s speed this up.

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evilpercy t1_jc7jj1i wrote

Why was the orphane crushing machine nessesary? They are not doing this out of the goodness of their own hearts, they see the writing on the wall and do not government to impose perscription pricing reform.

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Lostnumber07 t1_jc7y59q wrote

Corporate charity is not how we fix the systemic issues of corporate greed. It’s putting the lion in charge of the zoo. It’s a start but this is not job done and dusted by any long shot…

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sg3niner t1_jc82j8t wrote

So they could've done this ages ago, but cared more about profit than people.

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unposted t1_jc8l6qa wrote

They still do. This is what oil companies do when there are big plans to invest in natural gas infrastructure. Drop the price so competition and regulators back off, then raise the price again. Rinse. Repeat.

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Husbandaru t1_jc8kfy6 wrote

What’s the catch? Large corporations doing things like this always comes with a catch.

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unposted t1_jc8kytl wrote

They're doing it because California is working to make their own. They don't want faily priced competition or actual drug pricing regulation which is being threatened. They're volunteering to drop prices until the competition gives up and regulators get bribed out of office.

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Birabending t1_jc8uzlr wrote

Kind of wondering if this is a freebie just because they're going to be pushing anyone who can afford it to their GLP-1 drugs like Wegovy and Mounjaro (or the equivalent for diabetes alone, as these are the brand names for their obesity drugs) and everyone who can't afford it is probably eligible for Medicaid where the price is going to be capped anyway.

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Pharmd109 t1_jc8pb2s wrote

I wish for a second this actually did something. Watch these companies quarter over quarter profits and I promise you they will continue to deliver for their shareholders.

They will just Jack the price up on the rest of their portfolio to make up the difference.

And while some may pipe in and say “well diabetics can’t live without insulin”, many others can’t live without their medicine either specifically chemotherapy, psych meds etc. This is a massive virtue signal, because the populous is well educated and aware about insulin.

If you think for one second the drug companies are being benevolent, I have some beach front property in Ohio to sell you.

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jolinar30659 t1_jc8tfs3 wrote

These are all happening because of legislation, right? These companies aren’t just doing this out of the goodness of their heart because they love humanity.

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Direct-Effective2694 t1_jc915pz wrote

They’re trying to maintain market share once California’s state owned insulin factory gets up and going.

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jolinar30659 t1_jc9so96 wrote

Ah! Thank you. I knew it wasn’t because they care about people.

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Direct-Effective2694 t1_jc910si wrote

They can slash it more. Nationalize medicine. No person should be enslaved by their prescription drugs.

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Paranoid_Neckazoid t1_jc9ak69 wrote

Just remember they could have charged 75 percent less all along. They don't deserve praise.

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PaulR504 t1_jc8q3no wrote

Biden will never get credit.

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khmernize t1_jc8v05k wrote

Drug companies are lower older generation insulin drugs, not newer better drugs.

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take7pieces t1_jc8sfoh wrote

Ah the good kind of slash I like

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