John,
I wanted to make sure you saw Deborah’s email from yesterday. Numerous organizers, advocates, activists, and everyday people like yourself fought long and hard to pass last years’ Inflation Reduction Act. One of the biggest and best achievements of the act was the ability for Medicare to negotiate prices on certain prescription drugs. This was a huge achievement that was over 20 years in the making.
But this relief for our seniors and community members with disabilities hasn’t gone into effect yet. And now Big Pharma is doing everything in its power to stop it entirely by filing frivolous lawsuits to protect their obscene profits.
While seniors, people with disabilities, and people with chronic health conditions are rationing their prescriptions, the 5 largest U.S. pharmaceutical companies reported $80 billion in profits, while 13 Big Pharma CEO’s made $1 billion in total compensation in 2021.1
The reforms enacted in the Inflation Reduction Act are projected to save patients and consumers tens of billions of dollars and expand access. It’s time to put health care above profits.
On the one-year anniversary of the Inflation Reduction Act, we’re joining coalition partners to deliver thousands of petitions signed by supporters like you to Big Pharma’s front door and demand they drop their lawsuits against Medicare and allow drug price negotiations.
Add your name to tell Big Pharma to put patients’ health before corporate profits, and drop their lawsuits now.
Thank you for all you do,
Meredith Dodson Senior Director of Public Policy, Coalition on Human Needs
1 Greedy pharma firms rip off Americans while Pfizer, Moderna swim in profits
-- DEBORAH'S EMAIL--
John,
For the last two decades, Medicare was forced to accept any price Big Pharma set for prescription medicines. With the Inflation Reduction Act, the Biden administration is undoing decades of injustice, finally allowing Medicare to negotiate lower drug prices on a few medicines, rather than simply paying the exorbitant prices that Big Pharma sets.
Big Pharma isn't used to losing policy fights. And they freaked out.
Even though the Inflation Reduction Act limits the number of medicines that Medicare can negotiate lower prices on, Big Pharma corporations were so used to the profits from inflated prices that they filed frivolous lawsuits to block Medicare drug price negotiations and block the IRA from taking effect.
Last month, we helped advocates send thousands of letters to the CEO of pharmaceutical corporation Merck demanding they drop their lawsuit. But now, with more corporations filing lawsuits, including Johnson & Johnson, Bristol-Myers Squibb, and the U.S. Chamber of Commerce, we’re joining with allies to fight back.
On August 16—the one-year anniversary of the Inflation Reduction Act—we’ll deliver petitions to these pharmaceutical corporations demanding that they drop their lawsuits against Medicare and lower drug prices for everyone! Click here to sign our petition.
ADD YOUR NAME
The lawsuits filed by large pharmaceutical corporations and their associations to overturn Medicare drug price negotiations are unconscionable. In their lawsuit, pharmaceutical giant, Merck, called the Medicare price negotiations a “sham” and a form of “extortion.”1 Negotiating lower medication prices for seniors who are living on fixed incomes is not “extortion,” it’s just simple fairness.
Despite Medicare being the largest purchaser of prescription drugs in the world, drug corporations’ prices under Medicare Part D are significantly higher than those paid in other countries. The U.S. spends $1,126 per capita on prescription medications vs. $522 per capita in comparable countries.2
Aging Americans and people with disabilities and chronic health conditions bear the brunt of these excessive prices. No one should have to go into debt, go without life-saving medicines or have to choose between prescriptions and other basic needs like groceries and rent. Yet millions across the country do.
Join us in calling on Big Pharma to stop suing Medicare and lower drug prices now.
Thank you for all you do to protect vulnerable people,
Deborah Weinstein
Executive Director, Coalition on Human Needs
1 Merck sues over Medicare price negotiations
2 How do prescription drug costs in the United States compare to other countries?
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