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Biden administration adds insulin to drug price negotiation list in major blow to big pharma
(theintercept.com)
this post was submitted on 30 Aug 2023
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I don't know how this is a negotiation...big pharma overcharges the USA by a lot...we all know it. How is this not illegal? Why are they not held accountable for inflating prices for 1 group of people? Imagine if they did the to just a single race...black, white, Asian, whatever... Is t it the same thing?
I thought the issue was that it wasn't legal for the gov to negotiate prices?
A single months supply vial of insulin cost less to manufacture than a child's Happy Meal
It's not illegal because it isn't illegal to set a price that the market can bear.
They're not increasing prices for just one group of people, which may or may not be illegal, but rather setting a price for a given product.
This is the crux of why this has been such a tough nut to crack.
A product which is only necessary for one group of people. A group who, through circumstances likely beyond their control, need that medication to maintain a healthy life. Thinking of life saving medication as a product to be sold is the problem.
I don't disagree with your intent, but this is not the way laws work in the United States. I generally share your opinion that our current methodology is not the way laws should work, but that does not change the present reality.
You asked, "How is this not illegal" and I answered that question.
I'm not the one who asked that. I think "How is this not illegal" wasn't intended to be taken as a literal request to explain our current legal situation in this country but more an exasperated rhetorical question to underline the jarring and obvious moral hypocrisy in our laws.
That makes sense. I often interpret people too literally, and to me the person seemed to be literally asking why this wasn't illegal.
I understand the frustration, and to me, the current legal framework is the source of the frustration, which is why I thought the question was both literal and apt.