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2024-02-09T08:34:18-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvYWM3XC8wMDJcLzE3MDc0MDQ3NDFfMDAyLmpwZyIsImVkaXRzIjp7InJlc2l6ZSI6eyJmaXQiOiJjb3ZlciIsImhlaWdodCI6NTA2fX19“We are aware of the many important lifesaving drugs that your companies have produced ... but I think as all of you know, those drugs mean nothing to anybody who cannot afford it,” said Senate Health, Education, Labor, and Pensions Committee Chair Bernie Sanders (I-VT) as CEOs from Johnson & Johnson, Merck, and Bristol Myers Squibb testified on the cost of prescription drugs. Topics included drug pricing in the U.S. versus other countries, patents and competition with generic companies, and transparency in pricing from drug distributors. In addition, the impact government regulations have on innovation and a free-market economy was discussed.
“We are aware of the many important lifesaving drugs that your companies have produced ... but I think as all of you know, those drugs mean … read more
“We are aware of the many important lifesaving drugs that your companies have produced ... but I think as all of you know, those drugs mean nothing to anybody who cannot afford it,” said Senate Health, Education, Labor, and Pensions Committee Chair Bernie Sanders (I-VT) as CEOs from Johnson & Johnson, Merck, and Bristol Myers Squibb testified on the cost of prescription drugs. Topics included drug pricing in the U.S. versus other countries, patents and competition with generic companies, and transparency in pricing from drug distributors. In addition, the impact government regulations have on innovation and a free-market economy was discussed. close
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