Why wouldn’t drug companies finally negotiate? Commie Laharris has already helped Joe import 10 million illegals to add to the 30 millions already here AND she wants to give them all free healthcare. Give them amnesty, quick path to citizenship; meanwhile working to do away with private insurance and institute government run healthcare… Millions of new customers guaranteed.
Why wouldn’t big pharma help Commie out? It’s a win-win for them. My guess is pharma has hedged their bet- no Commie victory, no reduction in price. The Biden administration is so incompetent, they couldn’t sell life preservers to drowning people.
Carrot or stick, big pharma is not doing this out of compassion or benevolence. If this actually happens and people are actually helped, good, but if Democrats are helping one group, it’s a sure bet they’re screwing another.
Well the thing is that to get the ACA passed they had to agree that they would bar the Government from negotiating drug prices… Thanks Joe Lieberman… this restriction was lifted in the Inflation Reduction Act.
So the reason that Obama/Biden didn’t get it done was because it was a compromise they had to make to get the broader legislation passed and it took Biden/Harris to remove that restriction… and it is good because it has very broad support from almost everyone.
The good news is that other countries also restrict pharmaceutical companies on how much they can charge. I may be wrong but no drugs have been pulled from those markets because of that.
Its insane that the usual suspects are trying to find ways to paint this as something bad.
Pharma companies have been ■■■■■■■ over the US consumer for decades because its one of the only countries that allows them to do so.
let me help you out by explaining what’s going on here. Smoke and mirrors.
There are a limited number of drugs on the list. But all they’re going to say is that they have negotiated lower drug prices, which may be true for those drugs, but not for others. Between now and Jan 2026, the drug companies will replace those drugs with other “better” drugs for doctors to prescribe, so the “savings” aren’t really going to add up to what’s advertised. What savings there are will be spent paying higher Medicare fees to make up for the cap on co-pays. It won’t be enough and spending to cover that will have to go up (a lot more than any “savings” from the drug prices).
I hope I’m wrong. But we’ve all seen this dance before.
I believe there was regulation in place preventing it. Some people think having the regulating authority also be the negotiating authority is a bad idea. What bad could happen?
yep, and I’m sure the drug companies know which would be the best drugs for them to “negotiate” prices on and which not to. This is not to say we shouldn’t, but don’t expect too much. In a negotiation between a corporation and the government, one of the parties is stupid, and it ain’t the corporation.
The government is the largest buyer of these drugs.
All other countries are pretty good at doing it… I mean one of the Trump plans was to import the same drugs in from Canada because they negotiate better prices.
The Biden Administration did good on this one. Just like getting insulin prices down… this is good work for the people.
