Merck Sues Over Law Empowering Medicare to Negotiate With Drugmakers

[Dill]

(06-08-2023, 07:00 AM)pally Wrote: The government negotiates contracts hundreds if not thousands times a day, including Medicare provided services.  

Why should drug companies doing business with Medicare be exempt is the question?

Hard to frame the question that way, if you've been groomed to think "Government is the problem!" 
A substantial number of voters may prefer higher prices to more Dem-inspired "regulation" telling business what to do.

In this case, though, gov. won't be setting prices--just setting limits on what it, AS CUSTOMER, will pay.
Something middle and working class Americans have to do everyday as they budget to meet their medical costs.

I think what's got Merck's back up is that Biden's bill tacks price calculations to ACTUAL R&D costs and 
how much of that has been recouped.

For decades now Big Pharma has gotten away with its exorbitant pricing by persuading enough people that
R&D accounts for their raising prices so far beyond production costs. They don't want a national
discussion about that. Could stray into how much of that R&D has already been paid for by the public.  LOL