I am simultaneously heartened by this, and also incredibly frustrated at the glacial pace of this.
Biden administration names 10 prescription drugs for price negotiations
@rpardee I'm frustrated that yet again, Biden manages to make another handout to big industry look like he's helping us.
What's next? Free diesel oil green pipeline? Low-cost green nuclear waste disposal bags so you can bury your own nuclear waste in your garden?
Free speech zones?
@AskTheDevil how is this a handout to industry?
@rpardee Because they agree to cap prices they pay out (at a still insanely high level), while making it prohibitively expensive for anyone without insurance.
"Pay $1000 a month for insurance for your family, or pay $5000 a month for medicine without insurance."
This is done via collusion between insurance, pharma, and government officials who like campaign money.
Note that these bills are typically proposed by insurance companies. You don't think they do that because they hate money do you?
@AskTheDevil so I have no trouble decrying the pharma industry as a whole, but I think this particular development is likely to lose them money. If you read the article, you'll see this para:
"The fate of the negotiation plan rests with the courts because six drug manufacturers, the U.S. Chamber of Commerce and the pharmaceutical industry’s main trade group have lodged separate lawsuits around the country trying to obstruct it."