Drugmakers sign on to negotiate Medicare prices under protest

SaltWire's Atlantic regional weather forecast for October 2, 2023 | SaltWire - All the drugmakers that make the 10 prescription medicines subject to the first-ever price negotiations for the U.S. Medicare health program, including Amgen and Novartis, said they signed on to participate in the talks by the Oct. 1 deadline.

"Merck will sign the initial agreement with CMS under protest," the U.S. company said in a statement."The choice between doing so and weathering the ... massive fines and taxes is no choice at all" On Friday, a federal judge rejected an attempt by the U.S. Chamber of Commerce to block the program in a lawsuit. Danish drugmaker Novo Nordisk filed its own lawsuit on Friday in the U.S. District Court in New Jersey.CMS chose the drugs based on certain criteria set out by Medicare. They must be sold in pharmacies, not have substantial generic competition, and have been on the market for at least nine years - 13 for more complex biotech drugs.

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MENSOUR, Michael SamuelIt is with great sadness that the family announces his passing in Sudbury on Tuesday, September 26, 2023, at the age of 75, after a brief illness.
Source: sudburydotcom - 🏆 6. / 89 Read more »

Michael Cohen Says New ‘Deathblow’ Will Make Trump’s Biggest Fear Come TrueIt spells 'financial catastrophe' for the former president, said his one-time fixer and attorney.
Source: HuffPostCanada - 🏆 61. / 53 Read more »

Liz Weston: 5 surprising facts about assisted livingIf you or a loved one can no longer live safely at home, assisted living may be the answer. Residents typically live in their own rooms or apartments and get housekeeping services, meals and help with personal care. But facilities can vary enormously, and people’s expectations about assisted living often clash with reality, elder care experts say. Here are some important things to know. 1. MEDICARE DOESN’T COVER THE COST Medicare does not pay for “custodial” care, which is what assisted living f
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Kim Kardashian And Tom Brady Get Into Playful Bidding War At Casino-Themed Charity EventThe 'Kardashians' star and the retired Super Bowl champion attended Michael Rubin' star-studded charity event. Kim Kardashian and Tom Brady had a little fun together -- for a good cause! On Saturday, both Kim, 42, and Tom, 46, were in the room for the inaugural REFORM Alliance Casino Event, hosted by Michael Rubin, Jay-Z and Meek Mill at…
Source: ETCanada - 🏆 67. / 51 Read more »

Canada's Laurentian Bank names insider Eric Provost as CEOProvost, who has been with the country's ninth-largest lender for over a decade, replaces Rania Llewellyn, effective immediately. Laurentian also announced the appointment of Michael Boychuk as chair of the board, replacing Michael Mueller. Last month, the lender said Provost would take on an expanded position as group head of personal and commercial banking as it dropped its M&A plan following a strategic review.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »