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submitted 1 year ago by MicroWave@lemmy.world to c/news@lemmy.world

Johnson & Johnson sued the Biden administration over Medicare’s new powers to slash drug prices, making it the third pharmaceutical company to challenge the controversial provision of the Inflation Reduction Act.

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[-] MicroWave@lemmy.world 24 points 1 year ago

President Joe Biden’s Inflation Reduction Act, which passed in 2022 by a narrow party-line vote, empowered Medicare to negotiate drug prices for the first time in the program’s six-decade history.

The provision aims to make drugs more affordable for older Americans but will likely reduce pharmaceutical industry profits.

[-] Wilziac@lemmy.world 20 points 1 year ago

Can't the government see that if they allow people to get life saving drugs for slightly less money, then the pharmaceutical CEOs will only be able to buy a 53-foot yacht before the next regatta? They'll be laughing stocks! (/s just in case)

But seriously, fuck all corporate greed, but especially fuck corporations that keep people sick.

[-] Bluefalcon@discuss.tchncs.de 9 points 1 year ago

Fuck Johnson & Johnson. The US government should go after any board member, CEO, COO, or anyone else that knew about the tainted talcum powder.

[-] InverseParallax@lemmy.world 8 points 1 year ago

This should be one of bidens main campaign posters.

[-] FrickAndMortar@lemmy.ml 4 points 1 year ago

Eat the rich

[-] FartsWithAnAccent@lemmy.world 3 points 1 year ago

What a bunch of bastards.

this post was submitted on 18 Jul 2023
69 points (100.0% liked)

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