'Drug corporations pretend this is a catastrophe, but I would rather see that money in seniors' pockets than Big Pharma's,' said one advocate.
Allowing Medicare to negotiate the prices of prescription drugs directly with pharmaceutical companies is overwhelmingly popular. According to a West Health-Gallupreleased Monday, "83% of Americans favor price negotiations between Medicare and pharmaceutical companies, including 95% of Democrats, 76% of Independents and 75% of Republicans."
"Big Pharma's high drug prices are killing us, fueling a public health and humanitarian crisis of its own," said Tim Lash, the president of West Health. "Giving Medicare the power to negotiate is an important step, but we can't lose sight of the fact that more reforms are needed." Maybarduk of Public Citizen echoed that message, noting that "several monopolized drugs that are expensive for Medicare today are exempted from price negotiation, and will remain expensive." The IRA includes, including exemptions for so-called "small biotech" drugs as well as medications that have been approved by the Food and Drug Administration for less than nine years.
"During those years, drugmakers will exploit patent monopolies with minimal checks on profiteering. That profiteering period is even longer for biologics, which comprise some of the most exorbitantly priced drugs," Maybarduk said. "IRA should be expanded and consistently improved, toward supporting affordable medicine for all, rather than limited or delayed to mollify pharma monopolists.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden Admin Sought Power to Spy on TikTok Users, Moderate ContentIn yet another sign of the Biden Administration's determination to control, censor, and spy on American social media users, the draft of a proposed deal between Chinese-owned TikTok and the Biden administration shows the latter requesting extraordinary authority over the platform.
Read more »
Biden admin seeks to boost tourism, trade with Raimondo's China visitCommerce Secretary Gina Raimondo is on a four-day trip aimed at boosting trade ties between the U.S. and China amid economic and geopolitical disputes between the two countries.
Read more »
GOP congressman hits back at Biden admin for suing SpaceX over alleged refugee discriminationFIRST ON FOX: Rep. Matt Gaetz, R-Fla., is probing the Department of Justice for suing SpaceX over its hiring practices, which the congressman said are patriotic, not illegal.
Read more »
Two years after 'embarrassing' Afghanistan withdrawal, GOP rep pins failures on one big Biden admin decisionRep. Mike Garcia, R-Calif., blasted the Biden admin. for failing to lead a 'military operation' during the botched 2021 withdrawal that left 13 U.S. service members dead.
Read more »
Biden admin points finger at NY for its handling of migrant crisisHomeland Security Secretary Alejandro Mayorkas fired off letters to Mayor Eric Adams and Gov. Kathy Hochul detailing recommendations to strengthen the city’s handling of the asylum seeker cri…
Read more »
‘White supremacy has no place in America:’ Biden admin condemns Jacksonville shootingA federal hate crime investigation is underway in Jacksonville, Florida after law enforcement says a white shooter brandishing a swastika on his gun targeted and killed three Black people at a Dollar General store on Saturday.
Read more »