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Awesome: Pharma companies begrudgingly agree to negotiate prices
Merck, AstraZeneca, Bristol Myers Squibb, and Boehringer Ingelheim have all said that they will agree to the negotiations, though some were clearly bitter about it.
If the drug makers reject the negotiations, they would either face an excise tax of up to 95 percent of the drugs' sales, or have to pull all of their drugs from the Medicare and Medicaid markets.
#news #pharma
https://arstechnica.com/health/2023/09/big-pharma-companies-agree-to-federal-price-negotiations-under-protest/
@b4cks4w We'll still have to see how the court cases play out, but this is really good news.
I will be really excited to see some actual progress here.
It looks so far like Congress actually passed something to help people. Quite welcome.