Wednesday, January 11, 2017

"Trump's Comments Are Big Pharma's Nightmare"

Forbes:

it's that second part that will really hurt pharmaceutical companies: the idea that Medicare, the biggest buyer of drugs, will start negotiating drug prices. This is an idea that was popular with Bernie Sanders and Hillary Clinton. It is something drug companies have spent years fighting, because if Medicare has power to insist on a price, they will probably have to pay it.

...

There are plenty of steps a Medicare administrator motivated by working for an angry Donald Trump could take to hurt a drug company whose price had been deemed too high.