Merck & Co Chief Executive Ken Frazier said on Thursday a rule to base the price...
NEW YORK - Merck & Co Chief Executive Ken Frazier said on Thursday a rule to base the price the U.S. government pays for some prescription drugs in it Medicare program on lower prices in other countries would face legal challenges if adopted.
Other developed nations with single payer systems typically pay far less for drugs than the United States, which Trump called “global freeloading.” The company was one of three U.S. drugmakers that sued the U.S. Department of Health and Human Services this week over a new government regulation requiring them to disclose the list price of prescription drugs in direct-to-consumer television advertisements.
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