According to KFF, 80% of voters want lower drug prices. The Inflation Reduction Act was the first step, allowing the government to negotiate drug prices for Medicare. How has the drug industry responded? With contempt for the general public and trying to shift blame.
The Biden administration said it would penalize drugmakers for raising prices faster than inflation on 27 medications administered in doctors’ offices. Pfizer had the most drugs on the list, which includes AbbVie for its blockbuster rheumatoid arthritis drug, Humira, as well as manufacturers Gilead, Endo, Leadiant Biosciences, and Kamada.