Just fucking do it
this post was submitted on 07 Dec 2023
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That's what they're doing! They are announcing a new executive department regulation about implementation of a specific law. You have to propose the regulation first. A public comment period and other mandatory things have to follow. The regulation they're proposing is that they will also consider high drug prices and gouging by pharmaceuticals in their decision making on whether to over ride patent rights. Previously this was not a regulation, so they can not do it right now. Once the regulation is in place, then they can start taking specific actions on drug companies. If they just start doing shit willy nilly without going through the process of new regulations, it'll just get struck down by the courts in a nanosecond. That's why a lot of the dumb horrible crap trump tried to do got struck down well before Biden even took office.
Uh, good. This should be the norm. It is all of us that pay for the research but then the profit is privatized. That should not be a thing.
Privatize profits, socialize losses.
This is good news.
Drugs developed with taxpayer dollars should be free.
Alternative idea: If a pharmaceutical company uses government funds to develop a drug, the patent is limited to 5 years and the government sets the price.
It should be a cost-plus model. They should definitely be able to make back money invested, plus some, to encourage further development.
Good
Dude, they're going to do it anyways. Regulate them.
I would amazed if this could happen in America.
why should the people not get what they pay for?
This is the best summary I could come up with:
WASHINGTON (AP) — The Biden administration is putting pharmaceutical companies on notice, warning them that if the price of certain drugs is too high, the government might cancel their patent protection and allow rivals to make their own versions.
Under a plan announced Thursday, the government would consider overriding the patent for high-priced drugs that have been developed with the help of taxpayer money and letting competitors make them in hopes of driving down the cost.
It’s the latest health policy pitch from a White House gearing up to make its efforts to tackle drug prices a central theme in next year’s reelection campaign.
Elizabeth Warren of Massachusetts and Amy Klobuchar of Minnesota, has in recent years lobbied the Health and Human Services agency to do so with certain drugs.
“This would be yet another loss for American patients who rely on public-private sector collaboration to advance new treatments and cures,” PhRMA spokesperson Megan Van Etten said.
When the public invests heavily in a private company’s drug, it’s fair to question whether they should have to pay high prices for it, said William Pierce, a former HHS official during President George W. Bush’s administration.
The original article contains 548 words, the summary contains 194 words. Saved 65%. I'm a bot and I'm open source!
I read as, "Bidens life is in danger, stay tuned."