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Biden administration adds insulin to drug price negotiation list in major blow to big pharma
(theintercept.com)
this post was submitted on 30 Aug 2023
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The problem is the government can't set the price of goods in a private contract between two non-government entities, which is what would need to happen. The various bills you see in states setting co-pay caps is about as close as we can get, and that only happens because the government CAN regulate insurance companies and the policies they offer. While that might, eventually, put pressure on the insurance companies to demand lower prices from the manufacturers, it's a long way disconnected from the price paid by the patient.
And regulating copays doesn't help people without insurance at all.
That's why this is such an important step. When prescription coverage was added to Medicare, the ability of the government to negotiate drug prices was specifically striped from the bill. The Inflation Reduction Act added it back, finally. And it's a huge win. Medicare and Medicaid are enormous programs, and when they throw their weight around, they can affect the markets they're in dramatically. It's why the drug companies are already filing suit.
But the real solution isn't trying to force private insurance companies to play ball, or make drug manufacturers sell at a low price, it's to leverage that giant market pressure and expand Medicare eligibility to everyone. And if you're worried about funding? Don't be. Unlike social security, Medicare's tax has no maximum wage.
What about IRS? I mean they should report taxes. So if they refuse money they report they are getting paid, then it is low-hanging tax fraud. Probably. At least in Europe it would be.
Yup. Everything i hear about health care cost is leverage. I’m glad to see this.
Laws aren't real. The government isn't real. Money isn't real.
You're not listing good reasons. Just trite bullshit.
Laws are absolutely real, and this is a testable theory. Go break a law and put in no effort to hide what you've done. See what happens.
What you mean to say is that we can change laws, and that's true. To do that, you'd need to elect more representatives, nationally, who agree with you - because the government is also very real.
You live in the real world, whether you like it or not.
What did @evatronic@lemm.ee specifically say that’s not factually true?
Uh... What?
There was fringe on the flag!