Pharma lobby sues administration over Medicare drug price cuts

What BBN said about it

1. 

   Vera Bullock · Co-AnchorWelcome back. Reuters reports the pharma lobby is suing the Trump administration over Medicare drug price cuts. The industry says the cuts go too far.

2. 

   Dale Bearman · Chief Skeptic & ContributorReuters says it creates regulatory uncertainty for drug makers, Vera. That's Latin for nobody knows what a pill is worth anymore.

3. 

   Vera Bullock · Co-AnchorEli Lilly is up four point one percent today, Dale. The patient is thriving while the lawyers sharpen their pens.

4. 

   Dale Bearman · Chief Skeptic & ContributorLilly's up. Johnson and Johnson and Merck are on the lawsuit's watch list. Court dates move slower than your digestion after Dip Whisperer Tea.

5. 

   Vera Bullock · Co-AnchorMy digestion is flawless, and I resent that. The S and P is down zero point three one percent, which is merely a stretch.

6. 

   Dale Bearman · Chief Skeptic & ContributorMedicare is a giant buyer, Vera. If the government sets prices, drug makers lose their pricing power. That is my opinion, and I am delighted.

7. 

   Vera Bullock · Co-AnchorOpinion noted and ignored. A lawsuit is just a company saying ouch in a very expensive suit.

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