I love GEOTUS!! this takes effect today! You get lower drug prices, YOU get..
(www.whitehouse.gov)
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Hey, can someone explain the 4th order which went into effect today for me? I think I understand it? Is it saying that if a drug company charges more for a drug in America than in other countries, then that company won't be allowed to sell said drug? If that's the case, would it be possible for drug companies to just refuse to sell to us?
If they're insane and hate money, sure. What are the chances? :)
big pharma is forced to raise prices in other countries and lower our until they are equal.
They could, but so many large pharmaceutical companies exist in the USA and the worlds largest is Johnson & Johnson, as US company. Even if they decided to face the really bad publicity of pulling a stunt like that, the USA would just seize the company. They take immediate control of it because the due process is seize first, trial later, and drug manufacturing operations continue on as pretty much normal.
Now they may or may not give it back to whoever was controlling the company. They board might be replaced, and the government gives up control as they got what they wanted. They can also just keep it, and legally as they can argue this business was used in the manufacture of drugs, which means they have to forfeit the company.
Tl:dr: Way too stupid of a move for a company to make, even if the morale aspect does not exist.
Man, times like this make me sure glad the federal government is as powerful as it is and we have someone on our side calling the shots.
They can probably do that with non life saving drugs. If they want to lose 50% of their market.
Yeah I figured it would be an extremely heavy hit for them to cut out the US outright, but do you think it would be possible that they might try to hold out for a month or so to get back at Trump? I mean, these are filthy rich people after all the years they've scammed us. If they refuse to sell to us for long enough and simultaneously pay off their favorite news network shills to call this "Trump denying America medicine", then they might be able to strongarm their way out of this.
Considering that the Payroll taxes here in Illinois has not change at all to my knowledge(I only have what I know) it should stand to reason that these people will try it as well.
Payroll taxes thing goes into effect sep 1