Johnson & Johnson joins Merck, others, in fighting Medicare drug-price program

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Johnson & Johnson joins Merck, others, in fighting Medicare drug-price program
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Johnson & Johnson has joined companies such as Merck & Co. Inc. Bristol Myers Squibb Co. and other entities in suing the federal government over Medicare’s...

Johnson & Johnson JNJ has joined companies such as Merck & Co. Inc. MRK, Bristol Myers Squibb Co. BMY and other entities in suing the federal government over Medicare’s drug-price negotiation program. Merck was first with its suit in June, alleging that the plan is a scheme to allow Medicare to obtain prescription drugs without paying fair market value, a contention the Biden administration has decried.

... Johnson & Johnson JNJ has joined companies such as Merck & Co. Inc. MRK , Bristol Myers Squibb Co. BMY and other entities in suing the federal government over Medicare’s drug-price negotiation program. Merck was first with its suit in June, alleging that the plan is a scheme to allow Medicare to obtain prescription drugs without paying fair market value, a contention the Biden administration has decried.

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