How Drug Prices Work | WSJ

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Title	:	How Drug Prices Work \| WSJ
Lasting	:	6.45
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Views	:	286 rb

So the TLDR is shocker its the insurance companies again
Comment from : @folkishappalachian6827

And most PBMs are owned by the insurance companies What a crime
Comment from : @ra0333

So true every body has their hand in the bag and the patients end up paying most of the bill!
Comment from : @we8463

Let me blow your mind further Sometimes the Pharma company lies and uses misleading research to overvalue the cost of an item brbrLook at what 'corporations' did to tallow, replacing natural ingredients with seed oils for profit This isn't just medical supplies, this is: food, agricultural and pharmaceutical
Comment from : @Loronline

glad i live in India we dont have to face this problems
Comment from : @SUBHRAJYOTI17042

Rebate: Legal form of Bribery & BlackmailbrPBMs: Legal form of Mafia
Comment from : @ummyhorse7791

In the USA , everything related to health care is expensive 🤔 brMuch more complex than any other place in the planet
Comment from : @SuzanaMantovaniCerqueira

Only in America
Comment from : @enixliu

Williams John Moore Christopher Moore Matthew
Comment from : @TommyFink-y6c

Johnson Carol Lewis Richard Jones Shirley
Comment from : @BusterWiegand

Why don’t pharmaceutical companies just reduce the list price to make drugs more affordable? Rather than paying rebates to insurance companies - it would cut out the insurance company and the pharmaceutical companies would make the same as if they were paying a rebate
Comment from : @AlbertSeagram

How about a simple solution to this problem: Congress needs to repeal the single line passed in the 1987 Medicare Amendments that exempts GPOs ( an exemption later extended to PBMs) that exempts them from the Medicare Anti-fraud and kickback statute brbrBecause these organizations do pay kickbacks to directly incentivise those persons (and not necessarily their companies or employers) who sign the service contracts brbrThese legal kickbacks (aka rebates) would be a great topic for a follow up video by the WSJ
Comment from : @norman3605

1 drug <<< illegal under: "The Loaned Land Act - 2nd Amend!"br1b It has - no param - no f(x) by - temperature - our body!br2 Clinic clan membership
Comment from : @paulhetherington3854

What if The supply chain for pharmaceuticals was the same as the chain for hamburgers?
Comment from : @FutureAIDev2015

Government sanctioned fraud and corruption
Comment from : @Seanpfree

When the world says our system is corrupt, THIS is what they're talking about This is fraud, corruption, and bribery on full display, except it's not transparent at all
Comment from : @Seanpfree

This is shameful
Comment from : @LisaSpencer-e5z

I am exporting pharmaceutical products
Comment from : @eros7872

PBM'S are owned by the big insurance companies Sounds like conflict of interest to me System needs to looked at to see if they have monopolies and are getting to big and powerful
Comment from : @rogerruhle4730

Pharmacy benefit managers:
Comment from : @amycuaresma

Please Lower The price of all Brands of Military Equipment and Local for All Brands of Pharmacy Products Now 900,000 That's Too Much $$ 900,000 Now The Whole World 900,000 Now 🙏 🤲 🕍
Comment from : @deannaspencer8988

Bottom line is insurance companies, always have been a scam always will be a scam
Comment from : @Ridingthewaves305

What's in india
Comment from : @FunBuddy1

too many middlemen
Comment from : @jg264

0:33 supply chain for prescription drugsbrprescription drug coverage 處方藥費保險計畫br1:00 Pharmacy benefit management 藥品福利管理brunderstand the drug and money flow
Comment from : @judyl7811

Scientia Potentia Est
Comment from : @sizzla123

You forgot to Add doctors getting bribes to write brand names
Comment from : @SoomNou

Here is something that never factors into these discussions, and it's a MAJOR point concerning the costs of medications I used to work for a large pharma company, on the manufacturing side On average, the cost of a drug, from development, all the way through completion of the drug trials, is around 500 - 600 million dollars On average, a company will see 1 in 20 of it's drugs make it to market So you have 100's of billions of dollars spent with zero returns on that money Myself, I wonder why drugs aren't more expensive than they are now
Comment from : @snakedoktor6020

All of this was good except for the conclusion The patients don't pay the list price in almost all situations
Comment from : @SpencerKimber

This was brought to you by all the Republican lawmakers that are destroying yeah I kind of a big deal I like
Comment from : @robertronning7016

Pharmacy Benefit Managers are parasites
Comment from : @hollyhold6960

Hey Biden the world isnt caled systemic its called chaos
Comment from : @AnhTuPhucDerrickHoangCanada

if PBMs ran Mcdonalds a cheeseburger would cost $500
Comment from : @carlosgarcia-jz3dq

every word out of scumbag PBMs mouth is a lie, they are not LOWERING COST, that is obvious to every American
Comment from : @carlosgarcia-jz3dq

drugs are cheap, the American public is being robbed
Comment from : @carlosgarcia-jz3dq

any time you have a system that is overly complex and shrouded in secret, you know crimes are happening, PBMs are criminals
Comment from : @carlosgarcia-jz3dq

PBM MAFIA 90 of the problem, thieving middle man that have highjacked the entire system and are keeping all the money, modern day criminals
Comment from : @carlosgarcia-jz3dq

This is all behind the times They should prepackage doses
Comment from : @AnhTuPhucDerrickHoangCanada

The only leader I’d trust who’s be able to solve this con scheme in time
Comment from : @TakeNoPrisoners

aku tak faham babi
Comment from : @MinecraftNucIear

this was so helpful for me as a public health professional
Comment from : @dreshaw95

They need to get rid of the rebates and those PBM's
Comment from : @hussainmuammar6296

why dont they just sell it like a regular product i don't get it
Comment from : @pstha4537

Coqu
Comment from : @nakosimpson7459

PBMs sound like that guy in Office Space who says he talks to the customers so the engineers don’t have to!
Comment from : @priceofsilver

so rebates are bribes? lol
Comment from : @priceofsilver

The list price $100, with 50 off is same as list price $50
Comment from : @yangliu3905

In India as per disease you have valid for policyand specific hospital and doctor confirmed the your money's back or goes to companyif you have policy than hospital charged more than actual rateadjust with it govt & company We are totally oppositein every mannershop keeper will make money and patience is with empty hand
Comment from : @VipinChanders

I got baited i thought they were going to be talking about the Drugs of drug lords
Comment from : @prasadkadu9737

This is the worst system I’ve ever seen
Comment from : @maxhafer7092

It's like everyone profits except the consumer Great
Comment from : @szemhaz8721

Why are drug costs in the US higher when both EU countries and American insurance companies buy drugs in bulk
Comment from : @forloop7713

A true pharmaceutical fact:brbrThe pharmaceutical companies create customers and not curesbrThe malicious medical mafia brAka Your DoctorbrThe hospitals do not, I repeat, brThe hospitals do not profit off of healthy patients
Comment from : @SigmundFreud187

All I see is two arrows going out from the customer 😂😂😂
Comment from : @FiftymonkeysonAtree

Three PBM's make up over 95 of the market (CVS, OptumRx and Express Scripts) Also, don't believe this blame game between the insurers, pharmaceutical companies and PBM's That's the game they play in order to make sure nothing happens
Comment from :

Really well done WSJ, good job
Comment from : @CamRebires

Too bad more voters don’t understand why this is able to happen
Comment from : @nathankelly2796

Every Doctor that writes a script gets a big commission
Comment from : @WhatTheF0K

Nothing controlled by the government is ever straight forward, big surprise No
Comment from : @WhatTheF0K

Trump stopped this todayExecutive orderNo more PBM
Comment from : @mambogal1

Surprised this has only 111,000 views in 10 months
Comment from : @dileepchandran392

great way of explaining it, so glad you guys put this up!
Comment from : @emilyv3152

Pharma is killing those that really need the drugs all for their profit This video also forgot to mention that the pharmaceutical companies pay doctors a profit for prescribing the drug in the first place I’ve refused drugs because of the high costs - so I’m one of millions trapped into not getting full medical benefits of care Pharma doesn’t care about the health of people Doctors like the profit they make, so they push the drugs, but can’t force anyone to take the drugs So if a patient can’t afford it, they can easily say - “well I told them they should have taken this drug to save their life, but they didn’t - so se la vie” Frustrating for everyone except Pharma
Comment from : @Tigerroux

I don't pay anything for the many medications that I must take and I don't pay anything for my other healthcare This is because I have Medicaid I have many medical conditions, so I must see doctors about once a week I was hospitalized three times in 2019 I am 69 years old and I have been disabled for my entire life
Comment from : @edwardbranca54

Drug prices have grown so high because of Zionist Jews plain and simple
Comment from : @3rdaxis649

Absolutely a rigged system and deceptive accounting! And why one person pays more than another is - greed
Comment from : @BoydGilbreath

It seems like the video is missing something, like government policy or regulation on intellectual property rights for drugs/R&D
Comment from : @Alduinsshadow148

Although it isn't a panacea, shopping around for drugs can dramatically reduce your cost at times Every pharmacy I have ever called has answered my questions regarding price, and I have always gone to the cheapestbrbrAnd whenever I get prescribed something like prescription strength ibuprofen, I buy the cheapest generic OTC and take enough to meet the prescription dosage
Comment from : @usandmexico

The supply chain for producing Pepsi is oversimplifiedbrbrAlso, did Pepsi pay WSJ to advertise their product?
Comment from : @usandmexico

Many would blame several things But the real monster behind all these are:br1 Price controls of any measure are a cancer to the consumerbr2 Over extended intellectual property rights based on nonsensebr3 Licensing requirements for pharmacies, therefore limiting placementbrChange that and BOOM, end of half health costs in the world
Comment from : @jlizbardo

Just make rebates and kickbacks of any kind ilegal and will force the chain to reorganize
Comment from : @1Esteband

Very well laid out for an individual or class In no way is this “straightforward”, but the use of explanations and examples helps the audience understand more Glad I got to see this and now I can engage in more educated debates on the topic and do more advanced research
Comment from : @loganmarquis7378