Who wins and loses in Democrats’ prescription drug prices deal

[ad_1]

WASHINGTON – Congressional Democrats announced Tuesday that they have agreed to a broad plan to overhaul the way America pays for prescription drugs.

Under the agreement, Medicare would be allowed to negotiate drug prices for drugs dispensed over the pharmacy counter and those administered at doctor’s offices for drugs over 9 or 12 years old, depending on the type of drug. Drug makers should pay penalties if they increase prices faster than inflation, including for employer-sponsored insurance plans. Elderly reimbursable expenses would be capped at $ 2,000 per year. Insulin prices per dose will also be capped.

Unlock this article by subscribing to STAT + and enjoy your first 30 days free!

TO START

What is that?

STAT + is STAT’s premium subscription service for in-depth coverage and analysis of biotechnology, pharmaceuticals, policy and life sciences. Our award-winning team covers news on Wall Street, political developments in Washington, early scientific breakthroughs and clinical trial results, as well as healthcare disruptions in Silicon Valley and beyond.

What is included?

  • Daily reporting and analysis
  • Industry’s most comprehensive coverage from a powerful team of journalists
  • Newsletters reserved for subscribers
  • Daily newsletters to keep you informed of the most important industry news of the day
  • STAT + conversations
  • Weekly opportunities to engage with our journalists and leading industry experts in live video chats
  • Exclusive industry events
  • Premium access to subscriber-only networking events nationwide
  • The best reporters in the industry
  • The most trusted, connected newsroom in healthcare
  • And much more
  • Exclusive interviews with industry leaders, profiles and premium tools, like our CRISPR Trackr.
[ad_2]Source link

About Alex S. Crone

Check Also

Now is not the time for the CDC to relax opioid prescribing guidelines

[ad_1] Contact: Communications Office NewsMedia@flhealth.gov 850-245-4111 This month, the Centers for Disease Control and Prevention …