Gunny
02-13-2024, 01:23 PM
Excerpt:
Under the initiative, passed under the Inflation Reduction Act, the Department of Health and Human Services is directed to seek lower fixed prices for certain drugs, saving government funds on serving Medicare patients.
But pharmaceutical companies that refuse to participate in the scheme would either have to pay large fines or withdraw from Medicare—which covers 66 million, mostly older, Americans who account for a large share of prescription spending.
PhRMA, the Global Colon Cancer Association (GCCA) and the National Infusion Center Association (NICA) had argued that the program would unconstitutionally levy excessive fines, which could range from over 185 percent to 1,900 percent of a drug's price depending on the duration of noncompliance and would be based on the drug's total sales including those beyond Medicare.
full article:
Texas Judge Hands Joe Biden Big Win (msn.com) (https://www.msn.com/en-us/news/politics/texas-judge-hands-joe-biden-big-win/ar-BB1iciZE?ocid=msedgntp&pc=HCTS&cvid=35880c4ba3d04fdab994663240c54ee4&ei=25)
Under the initiative, passed under the Inflation Reduction Act, the Department of Health and Human Services is directed to seek lower fixed prices for certain drugs, saving government funds on serving Medicare patients.
But pharmaceutical companies that refuse to participate in the scheme would either have to pay large fines or withdraw from Medicare—which covers 66 million, mostly older, Americans who account for a large share of prescription spending.
PhRMA, the Global Colon Cancer Association (GCCA) and the National Infusion Center Association (NICA) had argued that the program would unconstitutionally levy excessive fines, which could range from over 185 percent to 1,900 percent of a drug's price depending on the duration of noncompliance and would be based on the drug's total sales including those beyond Medicare.
full article:
Texas Judge Hands Joe Biden Big Win (msn.com) (https://www.msn.com/en-us/news/politics/texas-judge-hands-joe-biden-big-win/ar-BB1iciZE?ocid=msedgntp&pc=HCTS&cvid=35880c4ba3d04fdab994663240c54ee4&ei=25)