this post was submitted on 21 Oct 2023
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I don't think he meant to the consumer. EU countries can negotiate for the price with pharmaceutical companies, so they can lower the price.
In the US insurance companies can try to negotiate, but their weight is quite low, and the federal government (medicaid, medicare) is forbidden by law to negotiate. Whichever price pharma sets, it's that.
Sounds crazy they are but allowed to negotiate?
Is that the same for anything else the government buys? I can't imagine the army buying 100 tanks and just paying the first price they get?
It's a constitutional thing, government has to guarantee the companies' freedom to set the price they want or something totally moronic like that...
In fact it's the first time the government will be able to negotiate with pharmaceutical companies!
https://www.reuters.com/business/healthcare-pharmaceuticals/us-judge-refuses-block-medicare-negotiating-drug-prices-2023-09-29/
Yes! That's a great start 👌 especially if the negotiator is NOT getting a kickback from Pharma for negotiating a high price