Negotiating drug prices is not only good for seniors' wallets, making the lifesaving drugs they need more affordable, but also for taxpayers and national spending.
The drug pricing reforms included in the Inflation Reduction Act are expected to cut the federal deficit by $237 billion over 10 years, saving taxpayers billions of dollars and extending Medicare's solvency for years to come.
However, this progress is now in legal jeopardy. Pharmaceutical companies, including Merck, Bristol Myers Squibb, and Johnson & Johnson, launched a series of lawsuits this summer in an attempt to prevent Medicare price negotiation from going into effect. President Joe Biden speaks about prescription drugs costs at the University of Nevada on March 15, in Las Vegas Nevada.To be clear, the drug industry's legal arguments in these cases rely on dubious claims that stretch the legal imagination. However, it would be a mistake to underestimate the threat they pose after former President
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