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submitted 6 months ago by MicroWave@lemmy.world to c/news@lemmy.world

The Biden administration on Thursday asserted its authority to seize the patents of certain costly medications in a new push to slash high drug prices and promote more pharmaceutical competition.

The administration unveiled a framework outlining the factors federal agencies should consider in deciding whether to use a controversial policy, known as march-in rights, to break the patents of drugs that were developed with federal funds but are not widely accessible to the public. For the first time, officials can now factor in a medication’s price — a change that could have big implications for drugmakers depending on how the government uses the powers.

“When drug companies won’t sell taxpayer-funded drugs at reasonable prices, we will be prepared to allow other companies to provide those drugs for less,” White House National Economic Advisor Lael Brainard said during a call with reporters Wednesday.

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[-] paultimate14@lemmy.world 257 points 6 months ago

I'm probably going to get downvoted for this, but the Biden administration has really exceeded my expectations.

[-] Brokkr@lemmy.world 107 points 6 months ago

They do great work, but they don't market and promote their successes well enough. I would prefer a society that favors humility more and therefore appreciate this administration's style, but it seems that a lack of hubris is now considered a fault in the public eye, on both sides of the aisle.

[-] psychothumbs@lemmy.world 69 points 6 months ago

I think that's more the media's fault than the administration's.

[-] frunch@lemmy.world 39 points 6 months ago

American citizens slammed with lower drug and education costs

--there, now the media can run with it lol

[-] Broken_Monitor@lemmy.world 8 points 6 months ago

SLAM! As an American I demand more slams! Slam everything! Slam Trump! Slam Biden! Slam medicare! Slam insurance policies! Slam portmanteaus! Slam Bidenomics! Slam Obama care!

SLLAAAAAAAAAAAAAAAAAAAAAAAMMMM!!!!!!!!!!!!!!!

[-] tupcakes@midwest.social 6 points 6 months ago
[-] Touching_Grass@lemmy.world 1 points 6 months ago
[-] EatYouWell@lemmy.world 8 points 6 months ago

Good news doesn't get views.

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this post was submitted on 07 Dec 2023
803 points (99.3% liked)

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