Bernie Sanders Isn’t Thankful for High Drug Prices

Sen. Bernie Sanders is chairing the Senate Health, Education , Labor and Pensions (HELP) Committee, chaired by Sanders .

The CEOs for Johnson & Johnson , Bristol Myers Squibb , and Merck , three of the world’s biggest pharmaceutical companies, will testify before the committee today .

Julian Zelizer: Drug companies earn over $112 billion in profits in 2022 alone.

Inflation Reduction Act builds in “grace periods” preventing price negotiation on drugs for up to 11 years post-launch.

From 2004 to 2008 , the median launch price for new drugs sold by Johnson & Johnson , Bristol Myers Squibb , and Merck was $ 14,000 .