The U.S. government on Friday revised its guidance for its Medicare drug price negotiation process, allowing drug companies to publicly discuss the talks, but did not make major changes likely to convince drugmakers to end their suits seeking to halt the program.
argue in their suits that the price negotiation would force drugmakers to sell their medicines to Medicare at huge discounts, below market rates. They assert this violates the Fifth Amendment, which requires the government to pay reasonable compensation for private property taken for public use. They also made First Amendment claims.
"The very few substantive changes to the final guidance demonstrate CMS saw this as a box checking exercise, not an opportunity to mitigate the negative impacts this price setting policy will have," PhRMA said in a statement.six industry sources told Reuters in May The drugmakers "don't want the government having any say in prices," said Tahir Amin, an attorney and executive director of executive director of the Initiative for Medicines, Access & Knowledge , a consumer group that advocates for lower drug prices.
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