alt Hacker NewsI don't want to sound dramatic but he is quite literally playing chickens with peoples lives. This is not mentally sound behavior, nor strategically coherent.
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Are you expecting "mentally sound behavior" or "strategic coherence" from today's administration?
It’s probably illegal. I can’t imagine a pharmaceutical executive taking this seriously.
The status quo is massive scamming by pharma companies to U.S. consumers exclusively, while the rest of the world gets a better deal on pharmaceuticals.
By saying the admin should not use all available leverage points and levers to force them to lower prices, you're arguing for continued pharma profiteering, aren't you?
By the way, the Biden admin did exactly this through a lever contained within the Inflation Reduction Act for Ozempic, among others. [1]
[1] https://www.npr.org/2023/08/29/1195984752/medicare-drug-pric...
How is this riskier or less “mentally sound” than what European countries do? European drug price caps are premised on the threat that, if drug companies don’t sell at those prices, that the government will bar sales of the drug in the country, or drop the drug from coverage under the public health system.
Here, there is no threat that the drugs will be banned from the market completely. The threat is that the drug companies will face high tariffs that reduce sales. That’s a much less extreme threat than what the European countries use as leverage.