The decision could give the president another tool to use in his effort to lower drug prices.
  • halcyoncmdr@lemmy.worldEnglish
    1761·
    11 months ago

    These drugs were developed with public funds and yet are sold at outrageous pricing.

    If the pharma industry was at all reasonable about their pricing, this wouldn’t be a consideration at all.

    If you take public funds, you can’t charge exorbitant amounts. Seems an easy trade-off decision for them to make.

    • oDDmON@lemmy.world
      541·
      11 months ago

      ^ This. R&D in PharmaWorld means mergers and acquisitions; the real moneymakers they scrape from public research, tweak and then charge for.

    • CaptainSpaceman@lemmy.world
      24·
      11 months ago

      If you take public funds, you can’t charge exorbitant amounts. Seems an easy trade-off decision for them to make.

      Damn I wish that were true. Telecoms got like $4bn decades ago to upgrade American infra…

      • halcyoncmdr@lemmy.worldEnglish
        10·
        11 months ago

        Not only then, they’re allowed to recoup deployment costs as separate surcharges, not part of plan costs, and they’re still charging for infrastructure they already completed decades ago.

        • Serinus@lemmy.world
          2·
          11 months ago

          Add about 15% to the sticker price of any cell phone plan because of taxes and those fees.