
Four pharmaceutical companies involved in Medicare drug price negotiations have indicated that they do not anticipate a significant impact on their businesses following the release of confidential suggested prices. This sentiment has been echoed by various industry stakeholders, who assert that the first round of drug price talks is not expected to dampen the companies' financial performance. Wall Street analysts remain largely unfazed by the potential threats posed by Medicare's pricing strategies. Furthermore, there are concerns regarding access to lower-cost biosimilars for patients and the implications for taxpayers if Medicare fails to capitalize on potential cost savings. Despite warnings from drug companies about the negative effects of price negotiations on profit and innovation, they have reassured investors that their financial outlook remains stable, suggesting a balance between achieving lower prices and maintaining innovation.
Drug companies tell us, Congress & the courts Medicare price negotiation will badly undercut profit and innovation. But they tell investors a different story: "We'll be fine." The IRA actually strikes a balance to get lower prices & protect innovation. https://t.co/VvxrEsYKkR
Drug companies confident Medicare price deals won’t hit bottom lines https://t.co/FqR3REtsQK
Patients and their families lose if they don't have access to lower-cost biosimilars, and taxpayers lose when Medicare and other government medical programs can't realize existing cost savings. https://t.co/tjVBGOKtnb


