Pharma Lobby Furious Over Wildly Popular Effort to Curb Drug Prices
Pharma Lobby Furious Over Wildly Popular Effort to Curb Drug Prices
"You know it's good policy when Big Pharma is terrified of it."
The pharmaceutical lobby strongly opposed the Biden administration's plan to directly negotiate drug prices for 10 medications with Medicare. PhRMA argued this will hurt innovation, but advocates note that drug companies make 76% more than needed for R&D. Eliquis, which costs Medicare over $16 billion, will be subject to negotiations. The policy was enabled by the Inflation Reduction Act, which PhRMA spent millions lobbying against. PhRMA sued over the negotiations, but the DOJ moved to dismiss the case. Advocates believe this defeat of Big Pharma will not be the last as negotiations may expand to over 100 drugs in the future, greatly helping seniors and people with disabilities access affordable medications.
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tHiS wIlL hUrT iNnOvAtIoN
so tired of seeing this fucking response from parasite CEOs and their wannabe bootlickers
Maybe if they didn't spend so much money on those horrible TV ads they'd have enough for R&D. And evergreening isn't innovation anyways, so idk what they're on about.