greg334
Veteran Expediter
When you look at the landscape of America's businesses, you see failures all over the place. One of them has been with the Mega Banks and I guarnetee you in the near future the other will be mega medical companies, like Pharma companies.
I worked at the worlds largest Phama company, I know first hand what happens at the top and in the middle. This company took over another company and laid the other company off (I mean they cleaned house and got rid of half of the workforce of both companies.)
Now I read this morning that Merck is buying Schering-Plough, which will make it the second largest and no doubtly will have a lot of lay offs which can be abvoided. But there is a bigger issue....
I am reading more and more about socilized medicine and what is being proposed. There are a lot of problems with the idea of socilized medicine but the biggest one is the idea that any company is too big to fail that has been applied to other industries.
If you don't know, Canada tells a company who wants to sell drugs in their market how much money they will accept as a price to the consumer. England and the EU does the same thing but we herein the state don't. We support these companies to allow them that allows them to negotiate the prices with other countires.
If we go to socialize medicine the first thing that will happen is the prices of drugs will be negotiated, like Medicare Part D and Canada. Profits will be taken into account and the government will dictate to the pharma companies where their money will go and for what. But to take this a step further, R&D will suffer a lot, we will see profits (incentives) faulter and the Mega Pharma compaines collapse.
To the lefty this all sounds good but to someone who has been involved with a lot of drug development projects, I see declining discoveries and then changes in the FDA New Drug process that will allow more fast tracking and more safety issues.
Discoveries rarely come from Mega Pharma companies, they buy discoveries and there is a whole market out there where discovery patents are bought and sold.
My fear is seeing job losses in the thousands, I went through this where 5000 of us were let go in the first round in this state and almost 45,000 were let go after the merger.
My other fear is how can the government allow this, it is a democratic administration and they are ignoring the reason we have a process so these companies don't get too large.
I worked at the worlds largest Phama company, I know first hand what happens at the top and in the middle. This company took over another company and laid the other company off (I mean they cleaned house and got rid of half of the workforce of both companies.)
Now I read this morning that Merck is buying Schering-Plough, which will make it the second largest and no doubtly will have a lot of lay offs which can be abvoided. But there is a bigger issue....
I am reading more and more about socilized medicine and what is being proposed. There are a lot of problems with the idea of socilized medicine but the biggest one is the idea that any company is too big to fail that has been applied to other industries.
If you don't know, Canada tells a company who wants to sell drugs in their market how much money they will accept as a price to the consumer. England and the EU does the same thing but we herein the state don't. We support these companies to allow them that allows them to negotiate the prices with other countires.
If we go to socialize medicine the first thing that will happen is the prices of drugs will be negotiated, like Medicare Part D and Canada. Profits will be taken into account and the government will dictate to the pharma companies where their money will go and for what. But to take this a step further, R&D will suffer a lot, we will see profits (incentives) faulter and the Mega Pharma compaines collapse.
To the lefty this all sounds good but to someone who has been involved with a lot of drug development projects, I see declining discoveries and then changes in the FDA New Drug process that will allow more fast tracking and more safety issues.
Discoveries rarely come from Mega Pharma companies, they buy discoveries and there is a whole market out there where discovery patents are bought and sold.
My fear is seeing job losses in the thousands, I went through this where 5000 of us were let go in the first round in this state and almost 45,000 were let go after the merger.
My other fear is how can the government allow this, it is a democratic administration and they are ignoring the reason we have a process so these companies don't get too large.
