The Supreme Court has rejected a challenge to so-called “pay-to-delay” deals which delay generic prescription drugs from hitting the market. The deals between brand-name and generic pharmaceutical companies can keep more affordable generic prescription drugs from hitting the market, forcing consumers to continue to pay for more expensive brand-name prescription drugs.
Pay-to-delay deals have become more common over the last few years as brand-name prescription drug companies have been fighting to keep their most profitable prescription drugs from facing competition from cheaper generic prescription drugs. In a pay-for-delay deal, the brand name pharmaceutical company will pay pay the generic manufacturer cash or some other payment (like a percentage of profits) to keep their more affordable generic drug off the market for a period of time.
The Obama Administration is still working on including a ban on pay-for-delay deals in its proposed budget. The administration said the ban would save $8.8 billion over the next 10 years.
Do you think that pharmaceutical companies should be able to delay cheaper generics from hitting the market? Tell us about it!
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Did I really just get asked if I “think that pharmaceutical companies should be able to delay cheaper generics from hitting the market?” That is like asking somebody if they enjoy paying more for something? Anyhting? Really, anything at all? It’s abusive, disgraceful, and just one more way for “Big Business” to stick it to “Everyday People.” It is nothing short of OUTRAGEOUS!!! Here’s a picture for you; Drug Dealer #1 says to Drug Dealer #2, “Hey bro if you stop selling your drugs so cheap, I’ll sell mine for double, triple, and even quadruple the price, then I will pay you more then you would have made selling your drugs and all you have to do is NOTHING! Sound good to you?” Drug Dealer #2 replies, “that sounds GREAT! I think I’ll go on vacation for a few months and I will let you know where to send me my cash. Plus, it’s a win win dude! The only people that lose out will be the vast majority of the general public; What else is knew!?! Man, I love this country:)” Give me a break. It’s this kind of greedy non-sense that got our country in this mess in the first place, and by the way, for all the fat cats getting richer by the second, keep in mind that you may be rich now, but your kids, your kids kids, and so on and so forth will eventually suffer with the rest of us. I hope your happy. How can people be so greedy, selfish, and ignorant that they don’t realize that their prosperity will be short lived, and generations to follow will all suffer. Oh yeah, I forgot, they simply DON’T CARE. Not even about their own family. Good luck with that. God bless you all and Happy Holidays.
Thank you so much for your comment! We think pharmaceutical companies need to know that Americans know what they’re up to and are not going to stand for it!