Biden administration to lower costs for 64 drugs through inflation penalties on drugmakers
https://www.cnbc.com/2024/06/26/biden-to-lower-some-drug-costs-through-inflation-penalties.html
by xena_lawless
Biden administration to lower costs for 64 drugs through inflation penalties on drugmakers
https://www.cnbc.com/2024/06/26/biden-to-lower-some-drug-costs-through-inflation-penalties.html
by xena_lawless
6 comments
Biden administration to increase cost of other medications to offset the difference.
Biden really continues to prove he has no clue how the economy works.
Lol. Is this like insulin where he increased the price just so he could lower it?
This is a good start.
Like to see him apply these penalties to ALL greedy corporations.
Until some ass-hat judge challenges it.
This isn’t new. It’s part of the IRA and only applies to Medicare.
“A provision of Biden’s Inflation Reduction Act requires drugmakers to pay rebates to Medicare, the federal health program for Americans over age 65, if they hike the price of a medication faster than the rate of inflation. “