Merck sues US government to halt drug price negotiation law
STORY: Pharmaceutical giant Merck sued the Biden administration on Tuesday over a federal law that allows Medicare to negotiate drug prices.
In a scathing complaint, Merck slammed the drug price negotiation program in the recent Inflation Reduction Act, arguing it violates the U.S. Constitution and calling it "tantamount to extortion.”
Merck is seeking to stop the law from taking effect in 2026, marking the first attempt by a drugmaker to challenge the program.
Drug manufacturers say it will result in loss of profits that will force them to pull back on developing groundbreaking new treatments.
Americans pay more for medicine than any other country, and the Biden administration's drug pricing reform aims to save $25 billion annually by 2031 through price negotiations for Medicare.
Merck's lawsuit argues that the new law forces drug makers to negotiate prices that are below market rates. Merck asserts this violates the part of the Fifth Amendment that requires the government to pay just compensation for private property taken for public use.
It also claims the law will force companies to sign agreements conceding that the prices are fair, which it says is a violation of the First Amendment's protections of free speech.
Government representatives were not immediately available for comment.
Shares are Merck fell nearly 2-percent in morning trading.
相關影片推薦
- 1:26女長期睡機場又大鬧國門 不聽勸阻遭警驅離東森新聞影音286,736 次觀看・1 天前
- 布林肯訪中 為拜登大選鋪路?說一套做一套 美中競爭能管控?【風向龍鳳配 】風向龍鳳配142,996 次觀看・1 週前
- 1:582024環球小姐取消年齡上限 阿根廷60歲佳麗驚歎出線 爭取為國爭光Yahoo奇摩(國際通)18,975 次觀看・7 小時前
- 1:26婚後婆媳相處狀況曝光 林志玲:我是灰姑娘|#鏡新聞鏡新聞75,081 次觀看・1 天前
- 1:02最狂捐血禮!捐500cc送「黃金媽祖」 吸民眾排隊捐血華視影音26,736 次觀看・6 小時前
- 1:09《淚之女王》即將大結局!預告搶先看 金秀賢一句話讓金智媛瞬間愣住了娛樂星聞6,036 次觀看・22 小時前
- 2:44北京電動車展登場 中國品牌「內卷」大戰 117款新車首度亮相Yahoo奇摩(國際通)8,514 次觀看・7 小時前
- 1:56新北議會衝突!陳明義兒2022選同區 早與蔣根煌結樑子民視影音99,406 次觀看・2 天前
- 1:446歲女童站機車踏板出門 車禍釀脾臟破裂內出血|#鏡新聞鏡新聞38,105 次觀看・23 小時前
- 4:04金秀賢現場「被逼哭」反應好誠實 「白賢祐」上身連攝影大哥都受不了娛樂星聞3,034 次觀看・1 天前
熱門必看
- 12:45心理測驗:你愛上同性的機率?唐老師一時口誤節目差點變18禁!?Ep.215-2唐綺陽談星室30,358 次觀看・3 天前
- 14:25昏暗老公寓化身質感美宅 空間感、採光起死回生簡直魔法Yahoo創作摩人6,508 次觀看・1 天前
- 0:18傳承老一輩甜品作法,最純粹的美味!板橋Edenx食旅22,303 次觀看・3 天前
- 16:22『橫濱一日遊』帥爆!見鋼彈最後一面!人也排到爆的橫濱家系拉麵!生日圓夢之旅最終章!戴妮塔 Nita & Dai's Daily4,180 次觀看・12 小時前
- 31:57【日本自由行】大阪→廣島5天4夜完整攻略🤩萬博紀念公園、姬路城、嚴島神社、和平紀念公園、廣島紙鶴塔、岡山倉敷美觀、大倉酒店、八天堂|日本旅遊・Japan 4K vlog吉田社長交朋友14,649 次觀看・4 天前