this post was submitted on 22 Jun 2024
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United States | News & Politics
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I sure don't know everything, but why mention it then? It's just normal? Or is this new for the US?
How is it negotiation when there is only one medicine, like in the case of insulin, or even Zolgensma? What chips does the government have to negotiate with? Buying power doesn't matter.
I still think that's screwed up, and needs fixing, but if it brought us in line with the rest of the world when it comes to drug prices, then bring it on.
They are negotiating the prices paid for drugs by Medicare. You know, like, the largest single purchaser of drugs in the country. That purchase power was not being negotiated prior. They have started with a list of 10 drugs and will expand over time. This can affect prices in a few ways, like insurers saying fuck that and wanting the same rate as the government, manufacturers could set the pricing to match across the board like Eli Lilly did for insulin for non Medicare patients, or we could vote for a fully democratic Senate, house, and president and get Medicare for all, with which this existing law would wield immense powers to negotiate far more benefits for many more people. Gimme 63 Dems in the Senate and shit will get passed. The reason we are stuck like this is that the margin is so slim nothing can happen.
Here's a quote from the HHS.
There are 3 companies that produce insulin. Why don't you ask some of your Canadian neighbors how much they pay for insulin.