From WSJopinion: In a lawsuit, Merck says the Inflation Reduction Act’s Medicare drug-price scheme is “extortion” and unconstitutional
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If an assailant points a gun at your head and threatens to shoot if you don’t hand over your wallet, is that a negotiation? This describes the Inflation Reduction Act’s Medicare drug-price scheme, whichMerck v. BecerraDow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Merck sues U.S. government to halt Medicare drug price negotiationMerck says it sued the U.S. government, seeking an injunction of the drug price negotiation program contained in the Inflation Reduction Act.
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Merck sues over Medicare price negotiationsThe drug company Merck filed a lawsuit Tuesday in a bid to block the Biden administration’s plan to curb drug prices paid by the Medicare insurance program.
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Drugmaker Merck sues the Biden administration over Medicare's drug price negotiationsMerck said the price negotiations are a 'sham' that compel drugmakers to accept lower prices, according to a lawsuit.
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'Shameless Greed': Pharma Giant Merck Sues to Kill Medicare Drug Price Negotiations'This lawsuit is a desperate attempt by the industry to beat back popular legislation that would curtail Big Pharma's ability to price gouge Medicare,' said Rob_Weissman of Public_Citizen.
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Merck sues US government to halt Medicare drug price negotiationMerck & Co sued the U.S. government on Tuesday, seeking to halt the Medicare drug price negotiation program contained in the Inflation Reduction Act (IRA), which it argues violates the Fifth and First Amendments to the U.S. Constitution.
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Merck sues US government to halt Medicare drug price negotiationNEW YORK (Reuters) -Merck & Co sued the U.S. government on Tuesday, seeking to halt the Medicare drug price negotiation program contained in the Inflation Reduction Act (IRA), which it argues violates the Fifth and First Amendments to the U.S. Constitution. This is the first attempt by a drugmaker to challenge the law, which the pharmaceutical industry says will result in a loss of profits that will force them to pull back on developing groundbreaking new treatments. The Biden administration's drug pricing reform aims to save $25 billion annually by 2031 through price negotiations for drugs paid for by Medicare, the government health plan for those age 65 and over.
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