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It’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 cas
by isitmadeofglass 3y ago
It’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.