House Price 'Negotiation' Plan: It Is Even Worse Than It Sounds
Executive Summary
The House Democratic leadership is pushing an international benchmark price for its 'negotiation' plan in the US. The summaries have focused on the maximum price, but the one-sided “negotiation” process suggests that the minimum is the more relevant number – and it is likely to be quite low.
You may also be interested in...
Medicare Price Negotiation Targeting Only Post-Exclusivity Drugs Proposed By Moderate House Democrats
Legislation authorizing the US government to directly negotiate drug prices with manufacturers failed to pass in one key House committee as a trio of Democrats joined Republicans to vote against advancing the policy.
Senate Drug Pricing Legislation Headed Toward Mid-September Committee Markup
Republican Finance Committee staffer thinks drug pricing legislation will leave most negotiation details up to HHS and try to avoid impact on commercial market.
Biden Pitches Medicare Price Negotiations That Acknowledge R&D Costs, Allow ‘Significant’ Profits
The US president’s remarks appear aimed at drawing more support for the negotiation policy. But critics are likely to be skeptical about whether such a process could result in a “fair” price.