Federal Courts Dismiss Big Pharma Lawsuits Against Medicare Drug Price Negotiations
Judges rule that pharmaceutical companies have no constitutional right to set drug prices, allowing Medicare negotiations to proceed.
- Federal judges in Texas and Delaware dismiss lawsuits by Big Pharma challenging Medicare's right to negotiate drug prices.
- The rulings support the Inflation Reduction Act's provision for Medicare to negotiate lower prices for prescription drugs.
- Pharmaceutical companies argued that the negotiations violated their rights, but judges found the claims lacked merit.
- Negotiations for lower Medicare drug prices continue, with counteroffers received for all 10 drugs initially selected.
- The legal victories for Medicare negotiations may lead to more affordable prescription drugs for millions of Americans.