Share Price, page-15300

We have a period of great uncertainty now. Have to wait for Court action results. RFK said his children who r bernie trump supporters had tears in their eyes. . Senator Bernie Sanders however does not endorse these changes as he is pursuing systemic changes to prescription costs and always targeted the middleman as the culprit as well. He is a great admirer of how we and others manage prescription costs including our Gvt dealing directly with Companies and the idea of interfering in our Sovereign rights to do so would horrify him.
Providing this as background info to better understand the real issues not just Trumps and US pharma glee that he goes after countries that dare to negotiate lower prices on a Gvt basis with Pharmaceutical companies . His Pharma table listing what other countries pays looks good but omits the internal to the US big issues, namely the middleman responsible for fifty percent of the .he industry has long pointed the finger at pharmacy benefit managers, which manage prescription drug insurance benefits. These entities negotiate drug prices between drug manufacturers and pharmacies and establish the drug formularies that pick the preferred medicines used under insurance plans.A commentator during our evening , blamed the middlemen, the issue others have tried to address and failed. Asserting that “the U.S. is the only country in the world that lets PBMs, insurers and hospitals take 50% of every dollar spent on medicines.”

The proposal for enforcing the MFN policy , that Dept of Health can if there is no drop in prices within a certain period.find out the lowest OECD country price and impose this on a company is legally weak. This kind of enforceability has been criticised as requiring legislation through Congress with proper regulatory enforcement instruments . So the next few weeks will be revealing in terms of COURT ACTIONS on various aspects of the proposal and the adequacy of it being done only by an Executive Order.


On another note totally surprised the US could cave in as it did in China talks. Kudos to others yesterday who were more optimistic.