Why wasn't this done years ago
Replies to: Why wasn't this done years ago
It was. And the courts ruled that it can’t be done by executive order.
I agree with the policy. But I don’t agree with daily expansion of executive power.
And the Biden Adm dropped it without appeal. Thanks to Obamacare, US patients pay for BigPharma R&D
...that is what the extra charges on US patients is used for per Big Pharma.
That is a yet again unfair system where the world's R&D is born by the US......as well as gross profits since all of that money is not burned up with R&D.
Look at you embracing democrat ideas as your own.
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Trump instituted the lawsuit that was then blocked in court after Biden Adm took over.
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did you care when Biden expanded his authority?
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I think he tried most favored nation status in 17, but pharma sued
Cause you know, US citizens need to subsidize the rest of the world.
"Trump Reverses Some Biden Drug Pricing Initiatives.Potentially Impacting Medicare Costs"...
...from the attached article...DJT is nothing...if not "Flexible"...especially after watching poll numbers plummet...
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President Donald J. Trump’s second-term health care agenda is taking shape with a clear focus on undoing several Biden-era policies.1 On Inauguration Day, January 20, 2025, Trump signed an executive order reversing initiatives aimed at reducing prescription drug costs for Medicare and Medicaid recipients, expanding the Affordable Care Act (ACA), and increasing protections for Medicaid enrollees. However, experts suggest that the changes may have little immediate impact on out-of-pocket (OOP) health care costs for most Americans.
For instance, one Biden-era initiative overturned by Trump had instructed Medicare to explore ways to reduce drug costs, including a potential $2000 monthly OOP cap on certain generic medications. However, this proposal was still in the early stages of development, and its implementation was uncertain, according to Stacie Dusetzina, PhD, a professor in the Department of Health Policy at Vanderbilt University and board member of The American Journal of Managed Care, who spoke with NBC News.
Key initiatives by former US President Joseph R. Biden, such as the $35 monthly cap on insulin, the $2000 annual OOP cap on Part D prescription drugs for Medicare beneficiaries, and Medicare’s authority to negotiate drug prices under the Inflation Reduction Act, remain unaffected by Trump’s executive actions. However, these moves could hint that the incoming administration may be unwilling to move forward on any of these laid-out policies.
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Link: https://www.ajmc.com/view/trump-reverses-some-biden-drug-pricing-initiatives-potentially-impacting-medicare-costs
Big Pharma has owned congress, regulatory agencies and past presidents
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Dems promised pharma price gouging to get their support for Obamacare.
Since then, Pharma has lobbied both sides of the aisle to maintain it.
Trump has no fear.
And that's to say nothing of where the mllions in pharma lobbying are going.
Humorously, Sanders isn't just a hypocrite on "climate," but also on health care.
Big Pharma was the very first group Obama brought to the WH to get on board. For a minor up front
combined payment of (10B as I recall) from the pharmaceutical industry, they got to charge whatever they could get away with for the past 13 years.....and they have seen 100+ fold return on their investment.
Obamacare was an utter disaster. And yes, we called it....yet the Left never admits their messes.
"Historic 21.3 Million People Choose ACA Marketplace Coverage"...in spite of repeated efforts by GOP
to repeal the ACA and it's obvious benefits for ALL Americans.
Link: https://www.cms.gov/newsroom/press-releases/historic-213-million-people-choose-aca-marketplace-coverage
Heh, yep.
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Link: https://youtu.be/b5k_UiKrX7Q?si=PNRMU5JU2HB6OZvp