Babaamaajimowinan (Telling of news in different places)

How Big Pharma is fighting Biden's program to lower seniors' drug costs

TRENTON, N.J. - Pharmaceutical giants are mounting a vigorous legal battle against President Biden's plan to lower seniors' prescription drug costs, urging federal judges here and around the country to invalidate a new program that aims to reduce the price of medications for high blood pressure, heart disease, cancer and diabetes.

In a flurry of lawsuits, these drugmakers have blasted the government initiative as unconstitutional, defended their pricing practices and warned that regulation could undermine future cures - even as millions of older Americans say they are struggling to afford essential treatments.

The legal wrangling appears primed to reach the Supreme Court, which could carry lasting implications for the government's ability to regulate health-care prices broadly. The stakes are also enormous for Biden, who ran in 2020 on a pledge to fulfill a longtime promise - made by both parties - to ease a key financial strain on older Americans.

https://www.washingtonpost.com/business/2024/03/11/pharma-drug-priding-biden-negotiations/

 

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