5 ms·

I... actually agree with the drug companies here? Crazy. It is genuinely difficult to be worse than pharmaceutical companies but gotta hand it to Schumer for so

by Spivak 3y ago

I... actually agree with the drug companies here? Crazy. It is genuinely difficult to be worse than pharmaceutical companies but gotta hand it to Schumer for somehow finding a system that's worse than if they had gone full command economy and just forcibly set drug prices. At least then the incentives would be aligned so that you might as well take medicare patients. Good lord how did any of this pass the sniff test? You must "negotiate" with us and if we low-ball you and you refuse we'll just tax 65-95% of the price.

edmundsauto 3y ago
This isn’t how I understand it. If companies refuse to negotiate they either can accept those excise taxes or they will not be drugs that are covered by Medicare. They can refuse to negotiate and they can refuse to pay the excise tax. They just can’t do that and maintain access to one of their largest markets, which happens to be the group demanding the negotiation. Seems… complicated but fair?