The Merck Suit
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@Mik said in The Merck Suit:
Assuming all this is factual, ...
It shouldn't be that hard to cite the actual portions of the law that taxes "186% of the drug’s revenues on Day 1 and is hiked daily until it reaches a ruinous 1,900% of revenues" ... not saying the author is wrong, but providing proper references can do a lot to let readers independently verify the claim.
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I take back my comment. I didn’t read the piece because I was already familiar with the suit since I follow biotech pretty closely these days.
The legislation does essentially prohibit (through punitive taxation) companies from choosing not to sell at the ‘negotiated’ price. And that is in fact different from how other countries who negotiate drug prices (i.e., all of them) operate.
I do imagine they’ll be successful in elimination that provision under the takings clause. That will make the negotiations real negotiations.
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