272

Pharma Lobby Furious Over Wildly Popular Effort to Curb Drug Prices(www.commondreams.org)

posted
by
Avatar
trashhalo@beehaw.org
in
Avatar
politics@beehaw.org
25 comments
hidereport

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.

Sort:
HotTopControversialNewOld
You are viewing a single thread.
View all comments
Avatar
ProcurementCat@feddit.de
36 points
*
Deleted by creator
permalink
report
reply
Avatar
DrPop@lemmy.one
3 points

Biden is an expert at politicking. He hasn’t done anything to slow down the war machine. I understand providing supplies to Ukraine for foreign allies in Eastern Europe. But we do a lot of fuck shit at the small scale.

permalink
report
parent
reply

Politics

!politics@beehaw.org

Create post

In-depth political discussion from around the world; if it’s a political happening, you can post it here.

Guidelines for submissions:
  • Where possible, post the original source of information.
    • If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
  • Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
  • Do not post ragebait or shock stories. These will be removed.
  • Do not post tabloid or blogspam stories. These will be removed.
  • Social media should be a source of last resort.

These guidelines will be enforced on a know-it-when-I-see-it basis.

Subcommunities on Beehaw:

This community’s icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

Community stats

  • 1.9K

    Monthly active users

  • 1.6K

    Posts

  • 12K

    Comments

Community moderators