The Biden administration on Thursday asserted its authority to seize the patents of certain costly medications in a new push to slash high drug prices and promote more pharmaceutical competition.

The administration unveiled a framework outlining the factors federal agencies should consider in deciding whether to use a controversial policy, known as march-in rights, to break the patents of drugs that were developed with federal funds but are not widely accessible to the public. For the first time, officials can now factor in a medication’s price — a change that could have big implications for drugmakers depending on how the government uses the powers.

“When drug companies won’t sell taxpayer-funded drugs at reasonable prices, we will be prepared to allow other companies to provide those drugs for less,” White House National Economic Advisor Lael Brainard said during a call with reporters Wednesday.

    • SCB@lemmy.world
      link
      fedilink
      arrow-up
      5
      arrow-down
      1
      ·
      1 year ago

      why is everything not different 6 hours after a policy is enacted???

      You, right now.

      • prole
        link
        fedilink
        English
        arrow-up
        3
        arrow-down
        1
        ·
        1 year ago

        I’ve seen this again and again with younger people in particular (though I’ve also seen the occasional boomer behave similarly). It’s like people have no concept of how long things can take in the real world sometimes.