Now that Trump has seen that under the Inflation Reduction Act (passed during the Biden administration), millions of seniors are achieving real savings in their pharmaceutical bills, this year… he has flip-flopped — and decided that he wants to make it permanent. He will “clone” it — under Dr. Oz.
Dr. Oz’s only real change to the Biden well-thought out measures is that the choice of high impact drugs selected into the program each year from 2029 on, will be so selected via blue ribbon committees. That — and very small makers of high value bio-therapies will be exempted from required negotiations for those therapies — until they reach a certain dollar level in annual sales in the US.
In any event, I don’t care how they got there — this is good for the vast majority of seniors who live on a fixed income (now being reduced by Trump-flation at over 4% a year). Here’s the latest:
…The pharmaceutical industry has waged a public campaign against the IRA price negotiations, likening the system to government price controls rather than genuine negotiations, given the harsh penalties for noncompliance, but, so far, the industry hasn’t been able to meaningfully resist the IRA measures, Fierce Pharma reported….
Every suit brought against the Biden era negotiations / mechanics has failed in the federal courts. And failed on appeal.
This is one where the good guys have won.
नमस्ते
Powerline Lies... 