Johnson & Johnson sued to stop the U.S. government from empowering Health and Human Services (HHS) to negotiate lower drug prices for Medicare recipients. The major drugmaker became the third player in the industry attempting to halt the Medicare drug-price negotiations established by the Inflation Reduction Act (IRA), in a claim filed in the U.S. District…
J&J Sues Biden Administration to Block Medicare Drug Price Negotiations
July 19, 2023
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Business & MarketsCompaniescongressDemocratsdrug priceseconomic policieseconomyExecutive BranchHealth and Human ServicesInflation Reduction ActInvestmentJanssenJohnson JohnsonJudiciaryMarketsMedicarePolicies & ImpactsPoliticsUSUS News
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NTD Business (Jan. 2): IMF: Recession Likely for One-Third of World in 2023; Drugmakers Hike Prices
The IMF is warning of tough times ahead for the global economy this year. What is it predicting for the US, Europe, and China? To start off the new year, drugmakers are hiking prices on around 400 different drugs. Big increases on drugs that treat cancer and arthritis. Elon Musk takes a jab at famous American…
Biden Is Losing the Race for the Cure
Commentary President Joe Biden recently announced, with great fanfare, his Cancer Moonshot initiative. Biden used soaring and promising rhetoric about, at last, finding a cure for one of the world’s leading killers. Speaking at the John F. Kennedy Presidential Library and Museum in Boston on Sept. 12, the president declared: “Beating cancer is something we…
Drug Prices Can Drop 50-60 Percent If Practices of Prescription Drug Middlemen Properly Addressed: Former FDA Official
The Federal Trade Commission (FTC) on June 7 launched a comprehensive probe into pharmacy benefit manager (PBM) companies—those acting as middlemen that manage prescription drug benefits on behalf of health insurers, large employers, and other payers. According to the FTC, it plans to “examine pharmacy benefit managers’ role at the center of the U.S. pharmaceutical…
Capitol Report (June 16): Illegal Border Crossings Break Record; Trump, Pence in Spotlight
June 16, 2022
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Capitol ReportcongressdiabetesDonald Trumpdrug pricesEpochTVMike Penceroe v wadeSouthern BorderTitle 42USUS News
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What are the president and Congress doing to lower costs for everyday Americans? We’ll take a look at their latest actions and why some House Republicans say Thursday’s actions were a missed opportunity for more effective solutions. With the Supreme Court on the brink of releasing a landmark decision likely to overturn Roe v. Wade,…
Liberals Delay New Regulations to Lower Price of Medicines in Canada
OTTAWA—Health Minister Jean-Yves Duclos has put a six-month pause on new regulations designed to lower the cost of patented medicines in Canada. Health Canada first announced the changes in 2019 to protect Canadians from excessive drug prices, but the government has repeatedly delayed implementing the rules. The regulations were supposed to come into force at…
NTD Evening News Full Broadcast (Aug. 12)
President Joe Biden orders the deployment of 3,000 troops to help evacuate personnel from the U.S. embassy in Kabul, Afghanistan, we look at border patrol challenges as hundreds of thousands of migrants were encountered at the border in July, and Biden lists at least five things he will do to lower drug prices.
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