Only 6 percent of Americans said they disagreed with the federal government negotiating drug costs.
“There is no reason why Americans should be forced to pay more than any developed nation for life-saving prescriptions just to pad Big Pharma’s pockets,” Biden said in a statement last month.
Four of the ten medications that were announced in the initial round of negotiating drug costs are for the treatment of diabetes. The remainder are for treating various other conditions, including heart failure, psoriasis and arthritis, blood cancer and Crohn’s disease. The ten drugs listed account for one in five medications that are part of Medicare Part D prescription costs.
More pharmaceutical drugs subjected to negotiations will be announced in the future, the administration has said.will have until the start of next month to decide if they’ll take part in the negotiation process — if they don’t, they’ll be subject to an excise tax equal to 95 percent of their total U.S. drug sales, or they’ll have to opt out of participating in the Medicare and Medicaid programs.
Some pharmaceutical companies have sued the Biden administration over the law, contending that it is in violation of the Constitution. The U.S. Chamber of Commerce is also suing the White House. In total, at least eight lawsuits seek to challenge the law’s requirement to negotiate prices.So are we! That’s why we’re on a mission to shake things up and bring you the stories and perspectives that often go untold in mainstream media.
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