Economists, health policy experts say J&J's IRA arguments are 'overly simplistic'
A group of economists and health policy experts from some of the country’s top universities has called Johnson & Johnson’s challenge to the Inflation Reduction Act “overly simplistic and misleading” in a new court filing.
J&J Innovative Medicine, previously known as Janssen, is one of several pharmaceutical companies suing the federal government over what they claim are violations of the Constitution in the IRA’s Medicare negotiation provisions. The government is weeks away from proposing what it says should be the maximum fair price for the 10 drugs selected for the first round of negotiations. While manufacturers will have a month to propose a counteroffer, many have argued that the negotiations are more akin to price controls.
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