The Biden administration is putting pharmaceutical companies on notice. Washington is warning them that if the price of certain drugs is too high, the government might cancel their patent protection and allow rivals to make their own versions.

The Biden administration is putting pharmaceutical companies on notice, warning them that if the price of certain drugs is too high, the government might cancel their patent protection and allow rivals to make their own versions.

Under a plan announced Thursday, the government would consider overriding the patent for high-priced drugs that have been developed with the help of taxpayer money and letting competitors make them in hopes of driving down the cost.

In a 15-second video released to YouTube on Wednesday night, President Joe Biden promised the move would lower prices.

“Today, we’re taking a very important step toward ending price gouging so you don’t have to pay more for the medicine you need,” he said.

  • forrgott@lemm.ee
    285·
    1 year ago

    Just like he talked about student loan forgiveness, and didn’t do anything… Oh wait…

    • TowardsTheFuture@lemmy.zipEnglish
      44·
      1 year ago

      To be fair pretty much all he’s been able to do is actually allow people who qualified for it under current law actually get said relief, or did I miss something actually going through bullshit repeals?

      To be fair just that is still a lot more than others have done, but that’s pretty sad that following the law is “doing a lot.”

      • Ranvier
        111·
        1 year ago

        SCOTUS prevented it not Biden. And after the case Biden immediately started on trying to get other new forgiveness through with his jurisdiction under different laws to circumvent their dubious ruling to some extent. It can’t be exactly the same or scotus would strike it down again. Because that’s now another new regulation there are some mandatory processes it has to go through before it can implemented, which takes some time. If they skip all that they’re just giving the courts easy ammo to strike it down all over again on procedural grounds.

        The draft of the new proposal has been released. Feel free to read more here.

        https://www.cnbc.com/2023/12/05/biden-administration-releases-draft-student-debt-forgiveness-proposal.html

        If we want the original proposal of Biden’s back, we either need a new scotus or a new law. A new law would be easier, but impossible atm with republicans in control of the house. And Biden isn’t congress so yes everything he’s doing has to be some new implementation of existing law.