The drug industry is suing to block the government’s right to negotiate Medicare prices on 10 expensive drugs. Scores of drugs now cost over $50,000 a year.
Republicans are reacting to the Inflation Reduction Act with votes of spite and progressives are celebrating it as a win for Biden when he was out of the loop.AZT, the first drug to successfully treat HIV/AIDS, was considered “the most expensive drug in history” in the late 1980s, with an $8,000-a-year cost. Now, scores of drugs, many with much less benefit, cost more than $50,000 a year.Pharmaceutical manufacturers say high U.S.
Here are just a few of the many examples of drug pricing practices that have driven consumers to demand change., earning AbbVie $200 billion over two decades. Used in the treatment of various autoimmune diseases, its core patent — the one on the biologic itself — expired in 2016. But for business purposes, the “controlling patent,” the last to expire, is far more important since it allows an ongoing monopoly.
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