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Senators ask CEOs why their drugs cost so much more in the U.S.
Sparks flew on Capitol Hill Thursday as the CEOs of three drug companies faced questions from the Senate Committee on Health, Education, Labor and Pensions about why drug prices are so much higher in the United States than they are in the rest of the world. The executives from Bristol Myers Squibb, Johnson & Johnson and Merck spent almost three hours in front of the committee going back and forth about pricing practices and how the companies spend their money. "We are all aware of the many important lifesaving drugs that your companies have produced," said a noticeably subdued Sen. Bernie Sanders, Vermont ... (full story)
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