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Detailed text transcripts for TV channel - FOXNEWS - 20181220:01:29:00

Drugs never leave patent. they can t enter the market to compete. another is rigid fda regulations costly and time consuming to put new drug. use legal challenges to deter competition. and of course greed plays a role, too. that s a word we don t use very often but still real. one of the dead sins for good reason. whatever the reasons for the spike in prices in insulin, it s a huge problem. and you would think it s something that congress and the administration would consider taking action on. there are some things they could do. maybe they should streamline an fda approval process or adjust patent law. maybe they should subsidize the creation of a generic insulin brand. after all we spend billions subsidizing solar panels and electric cars only rich people can afford. once you give lecture about the market remind you we do that we are not scientists or economists we can say this is a real problem that congress appears to be ignoring. in october, the president pitched a plan to lower d ....

The Way Foia Doesnt Apply To Congress , Patent Law , Action On , Approval Process , Insulin Brand , Drug Prices ,

Detailed text transcripts for TV channel - FOXNEWS - 20181220:05:29:00

Reasons this is happening. f one reason is drug companies keep tweaking formula so their drugs never leave patent. they can t enter the market to compete. another is rigid fda regulations costly and time consuming to put new drug. companies use legal challenges to deter competition. and of course greed plays a role, too. that s a word we don t use very often, but it s still real. one of the deadly sins for goodis reason. whatever the reasons for the spike in prices in insulin, it s a huge problem. and you would think it s something that congress and the administration would consider taking action on. there are some things they could do. maybe they should streamline an fda approval process orat adjust patent law. maybe they should subsidize the creation of a generic insulin brand. after all, we spend billions subsidizing solar panels andnd electric cars only rich people can afford. before you give lecture about the market, remind you we do ....

Drug Companies , Tweaking Formula , Deadly Sins , Foia Doesnt Apply To Congress , Everyoneod Needs Insulin , Process Orat Adjust Patent Law , Action On , Insulin Brand , Goodis Reason , Al L ,