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ACADIA Pharmaceuticals Inc. Message Board

  • brettgravatt Jul 15, 2014 10:44 AM Flag

    Why would the fed single out biotech ? Wth

    Totally ridiculous !! Fed should keep it's house in order !! Not shooting out opinions on the privately traded stocks !!!!!!

    Sentiment: Buy

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    • When I worked for one of the biggest HMO's in the west coast who had their own pharmacy, it was hammered home at EVERY MEETING...the biggest expense...was not the hospital cost....not malpractice insurance...but the cost of drugs, especially new brand name drugs. They bombarded us with graphs and charts about generics vs brand name meds over and over again. They sent out individual stat sheets comparing your own drug prescriptions use compared to all your other doctors so you could see if you were ordering more brand name drugs than the average doctor. If you you were an outlier you had a month or so to get back in line...if you didn't, you had a sit down with the Chief of your Dept. Ouch! If that didn't get your attention then how about a 10% cut in pay if you were on contrat or "full time " doc. Of course if you were just a per diem...they would just not give you hours, basically they fired you. So get the picture. So what does this have to do with biotechs and the fed....MEDICARE. Do you understand what is happening right now....Millions upon millions of baby boomers are getting Medicare ...we paid for it via SS and now at 65 its an entitlement, although the government is still sticking it to us with the extra fees if you "make too much " ie Obama Care. It is still eating up a humongous amount of government funds and the one thing they can't get a handle on is drug costs.

    • You are absolutely right! This may just be a knee jerk reaction, and hopefully cooler heads will prevail by end of day.

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