Johnson & Johnson sued the Biden administration over Medicare’s new powers to slash drug prices, making it the third pharmaceutical company to challenge the controversial provision of the Inflation Reduction Act.
Johnson & Johnson sued the Biden administration over Medicare’s new powers to slash drug prices, making it the third pharmaceutical company to challenge the controversial provision of the Inflation Reduction Act.
This is why they’re mad
Supreme Court: Hold my robe
Slimy lobbyist: Sure I’ll hold your robe and… whoops how did that big wad of cash get in there?
And his name: Dr. Mantis Toboggan
Woah whoops! I dropped my monster wad of cash that I use for my magnum bribery
Oh noes not the billion dollar company’s profits! Anything but the profits!
This is long overdue. Both my parents are on Medicare and they say the prices for some commonplace things are truly absurd, and it all has to do with the fact that the government legally can’t negotiate the price, so whatever price the pharmaceutical companies set is what gets paid.
Allowing the government to negotiate the price would benefit 99.9% of people and harm only CEOs and billionaires, so you can expect this to fail spectacularly.
Oh no those poor billionaires! They won’t be able to rob people of their savings nearly as effectively. That might even slow down the purchase of their next yacht. How horrible!