The decision could give the president another tool to use in his effort to lower drug prices.
  • halcyoncmdr@lemmy.worldEnglish
    1771·
    1 year 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·
      1 year 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·
      1 year 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·
        1 year 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·
          1 year ago

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