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Pharmaceuticals
Reactions: Drug pricing under the Inflation Reduction Act
October 13, 2024
| A version of this story appeared in
Volume 102, Issue 32
Letters to the editor
Drug pricing under the Inflation Reduction Act
Credit: C&EN
The Medicare benefits described on page 9 of the Aug. 26 issue in “IRA Negotiations will Save Medicare $6 Billion” still leave people in the US paying more for lifesaving drugs than anyone anywhere else in the world.
Given the horrible reaction by Pfizer chief financial officer Dave M. Denton, I must repeat my diagnosis from 22 years ago (C&EN, July 15, 2002, page 2): “It is truly sad that chemistry, a science inextricably bound to medicine, should have de-evolved into yet another branch of economics.”
More than 2 decades have passed since my disgust was originally published in C&EN, and though I’ve hoped for some kind of positive change, none has occurred.
The chemical “industry” must be properly distinguished from its association with medicine.
Bhopal, India, is a famous industrial “accident” known worldwide.
The chemical industry has damaged and pillaged the world. We deal with its “unintended” consequences.
The Superfund, created for Love Canal, applies where? Everywhere? The Superfund is broken now.
How do we stop the creation of another Love Canal? Are we too late? Remember Michigan’s water pipes?
Actual oversight can make a difference. Who’s doing the oversight?
As long as there are industries, there must be educated oversight, like the way the US Environmental Protection Agency should work.
Opposition to the EPA is support for criminal industrial actions. There’s no other way to see it.
Dave Kostecke
Rochester, New York
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2025 American Chemical Society
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