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Drugmakers want to stop Medicare from negotiating prices
- verall 3y agoWhat a fantastic use of taxpayer money, for the US Chamber of Commerce to sue to prevent a law which would allow the government to pay less for expensive medications.
- goodluckchuck 3y agoDespite their best efforts to appear as if they were a government agency, the private “US Chamber of Commerce” is not an arm of the US government.
- renewedrebecca 3y agoThe US Chamber of Commerce isn't a governmental agency.
- AtlasBarfed 3y agoDidn't the original Part D Medicare back in the Bush Administration have no-negotiation as part of that massive giveaway to drug companies? You know, if they attached a 5 year no negotiation to a Medicare-for-All bill, it might pass the house and senate. I mean, if PartD passes in the height of the Bush Administration....
- kazinator 3y ago"Coal mine operators want to stop unions from negotiating wages."
- isitmadeofglass 3y agoIt’s not a negotiation if the law dictates that you have to sign and that you are forced to accept a significant discount, which seems to be the core of the case: > once HHS unilaterally selects a drug for inclusion in the program, its manufacturer is compelled to sign an ‘agreement’ promising to sell the drug to Medicare beneficiaries at whatever ‘fair’ price the agency dictates, which must represent at least a 25% to 60% discount,” the complaint says, calling it “tantamount to extortion.”
- 8bitsrule 3y agoHere's how I'd 'negotiate' the question. If they want to be able to do business in the US, they could just agree. Else they could choose not to do business in the US. That seems fair enough, seems to work elsewhere in the world.
- Shakahs 3y ago> drugmakers don’t have to participate in the negotiations so the federal government is not forcing them to turn over their patented medications It is a negotiation. Drugmakers can negotiate prices, or refuse and lose access to the single largest purchaser of medication in the United States. It is ridiculous that drug companies expect tax payers to just accept whatever astronomical prices they feel like charging while private insurers are allowed to negotiate deals.
- hakfoo 3y ago"Nice patent you've got there. Would be a shame if we eminent-domained it." That's extortion. And I'd love to see it.
- moi2388 3y agoGiven the fact that their medication research is paid for with tax payer money I’d say they should be very happy they even are allowed to make a profit at all