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The Candian government has done this for years. Drug prices in Canada are often a fraction of what they cost in the US.
The drug companies swore that they would stop selling drugs in Canada if they weren't allowed to set prices in Canada as high at possible buy they're so fucking greedy that they will take $5 of profit instead of $1,000 and instead of withdrawing from the market and making $0.
you mean, theyre forced to accept profit margins that arent stupid?! amazing!
and god forbid some life-requiring things be made and sold at cost... someones gotta get their Extra
Yes, and they aren't allowed to raise the price of a drug unless they can show a proportionate increase in the benefit to the patient.
|Among the arguments are that the program violates the Fifth Amendment’s “takings” clause because it allows Medicare to obtain manufacturers’ patented drugs, which are private property, without paying fair market value under the threat of serious penalties.|
This is an invalid argument, because currently the companies are receiving unfairly inflated market value, and Medicare plans to negotiate down to a fair level.
unfairly inflated
Not according to the poor drug companies. According to them the prices are far too low.
I wonder what their argument is for being able to go to other countries and sell drugs three to four times less than in the states.
allowing Medicare to negotiate drug prices is unconstitutional** for several reasons. It then asked for a preliminary injunction to halt the program by October 1
wtf kinda colonialism bullshit is this. Negotiating price points is unconstitutional?
confused Boston Tea Party noise
Can't believe this is even serious. Though fitting given how our country's healthcare is the antithesis, a complete joke.