Targeting costly meds, Biden admin asserts authority to seize certain drug patents

https://reddthat.com/post/9351024

Targeting costly meds, Biden admin asserts authority to seize certain drug patents - Reddthat

These drugs were developed with public funds and yet are sold at outrageous pricing.

If the pharma industry was at all reasonable about their pricing, this wouldn’t be a consideration at all.

If you take public funds, you can’t charge exorbitant amounts. Seems an easy trade-off decision for them to make.

If you take public funds, you can’t charge exorbitant amounts. Seems an easy trade-off decision for them to make.

Damn I wish that were true. Telecoms got like $4bn decades ago to upgrade American infra…

Not only then, they’re allowed to recoup deployment costs as separate surcharges, not part of plan costs, and they’re still charging for infrastructure they already completed decades ago.
Add about 15% to the sticker price of any cell phone plan because of taxes and those fees.