Trump gave drug companies a last-minute win on prescription prices. Dems want Biden to roll it back

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Two weeks before President Donald Trump left office, his administration bestowed a parting gift on the U.S. prescription drug industry. It proposed a rule to block the government from citing exorbitant prices to seize control of a drug’s production.

The rule, drawn up by a division of the Commerce Department, would settle a long-running battle over when government is justified in exercising “march in” rights over taxpayer-supported government inventions. The 40-year-old Bayh-Dole law gives the government power to grant a license to another manufacturer if a company is not making a government-sponsored invention available to the public on “reasonable terms.”


https://www.washingtonpost.com/business/2021/03/31/biden-drug-prices-trump/

[lark]

1. Yep, Biden defnitely needs to roll back this.

Wonder how much the pharmaceuticals paid drumpf to leave them alone, bet it was huge.

[Dave says]

2. You mean my $22k a month life sustaining med

... can go to $44k under Trump’s rule even though *nothing* has changed chemically? It was $6k a month 5 or 6 years ago. It’s the “pay me or die” monopoly. Many die. And with no maximum out-of-pocket under Medicare Part D, it’s currently $1100 per month out-of-pocket already (besides bursting through deductibles, copays, and donut holes in the first month every year). Biden please please fix this!