International price index for medicine will harm patients

The Hill

4 December 2018 - President Trump was elected on his promise to stop other nations from taking advantage of the United States. 

Our allies let us pay for most of their own national defence needs. Treaties allowed once poor countries to hit American products with tariffs and trade barriers. The Paris agreement on climate change burdened our manufacturers and workers, while letting China and India build and expand without such onerous restrictions.

Trump highlighted that nations steal our intellectual property through piracy and use their monopoly power as a buyer to force our innovative drug industry to sell American products at cut rate prices or have their patents stripped. This is extortion plain and simple. Trump is right to fight to reform all these abuses of our generous nature. But in one of these fights the administration is talking about surrendering instead. The administration recently proposed an international pricing index for the calculation of physician administered drugs under Medicare Part B.

Read The Hill article

Michael Wonder

Posted by:

Michael Wonder

Posted in:

Medicine , US , Regulation , Pricing , Comparison