Drugmaker Merck sues the Biden administration over Medicare's drug price negotiations
USA TodayAPR 2023
Republicans have led an unconscionable effort to deny Medicare the right to negotiate drug prices. Pres. Biden stepped in with the Inflation Reduction Act, which will not only help millions of elderly and marginalized Americans afford crucial medicines but will also decrease the federal deficit for years to come. This is a win for everyone.
The only thing this provision will achieve is years of litigation as companies rightfully defend themselves against this attack. This development will force drug makers to decide between earning enough in sales to fund their research, development, and operations and investing in new cutting-edge life-saving drugs, as the government threatens them with financial ruin if they don't comply.