Drugmakers Are ‘Throwing the Kitchen Sink’ to Halt Medicare Price Negotiations

[BidenPresident]

The government will soon announce the first 10 medications that will be subject to price negotiations with Medicare under a new law. Drugmakers are fighting the measure in court.

On Tuesday, Johnson & Johnson became the latest drugmaker to take the Biden administration to federal court in an attempt to put a halt to the drug pricing program. Three other drug companies — Merck, Bristol Myers Squibb and Astellas Pharma — have filed their own lawsuits, as have the industry’s main trade group and the U.S. Chamber of Commerce.

https://www.nytimes.com/2023/07/23/us/politics/medicare-drug-price-negotiations-lawsuits.html

 

[Nordberg]

Our medical system is wrong in its concept. For-profit medical care will result in monopoly and gouging. They have sick people by the ass, and they will not let go. Hospitals and health providers just keep merging and buying out. Someday, there will be just one. The economics are out the window when you are sick. You pay whatever they want to charge you. The doctors and hospitals have no incentive to make medical care and drugs cheaper. So they will not do it. https://www.forbes.com/sites/peteru...xpensive-blame-the-lobbyists/?sh=363da20032e7

 

[BidenPresident]

Our medical system is wrong in its concept. For-profit medical care will result in monopoly and gouging. They have sick people by the ass, and they will not let go. Hospitals and health providers just keep merging and buying out. Someday, there will be just one. The economics are out the window when you are sick. You pay whatever they want to charge you. The doctors and hospitals have no incentive to make medical care and drugs cheaper. So they will not do it. https://www.forbes.com/sites/peteru...xpensive-blame-the-lobbyists/?sh=363da20032e7

Capitalism gone mad. Why do we allow people to literally profit from the suffering of others.