The drug industry may no longer be able to take congressional Republicans' support for granted after the Senate Finance Committee grilled seven company executives on their pricing practices on Tuesday.
The tone was a marked change from past debates, in which drug companies largely avoided blame from Republicans for surging health costs and warned lawmakers against imposing regulations that the industry said would threaten research on cures. Meanwhile, Sen. Bill Cassidy came close to endorsing Democrats’ call for government negotiations for drugs in Medicare.
Cassidy said it was an example of how middlemen in the drug supply chain who are supposed to lower prices in Medicare aren't effective negotiators. He also endorsed President Donald Trump’s plan to base the price of drugs physicians administer on the lower costs paid in government-run health systems abroad — an idea most Republicans dismiss as anathema to free-market principles.
A__Chevalier Dog and pony show.
About freaking time!!! Get something done and hold big pharma responsible for ripping off Americans AND creating and fueling the opiod crisis!!
Drug companies claim billions are needed for research and testing, which is conducted all over the Nation at Universities for considerably less...CorporateBullshit
Yet they get tax breaks AND corporate welfare. End Republican Socialism now!
The US taxpayer/consumer subsidizes the rest of the world's medications. That has to stop. For example: Canada's socialized medicine already sucks but will completely collapse if they have to pay full price for US made prescription meds. They pay 63 cents on the dollar.
better late than never
A__Chevalier They were easy on them. Looked for show more than getting it done.
Republicans have ALLOWED pharmaceutical execs to price gouge the American people in exchange for decades of campaign donations. Why did constituents go along? MAGA
If it wasn’t for the litigation and trial lawyers group, drug prices would go down. Think about it........,
This is what they've done to people. Please share and save a life.
Both BigPhrma & gop are 1% & the 1% want the poor, disabled and elderly dead They will only approve further price increases
Capitalism and high quality, decent, affordable medical care ARE INCOMPATIBLE! Until we get this shit straight, we'll continue to fuck decent people over so a select few can be even wealthier.
oh no
Nothing will come of it because -