Biden budget wants to more than double number of negotiated drugs under Medicare, and eliminate hepatitis C
President Joe Biden on Thursday unveiled his 2024 budget, which is packed with lofty goals that may never see the light of day because Congress controls the federal purse strings and Republicans control the House.
Even still, the wide-ranging budget looks to immediately build off the Inflation Reduction Act by rapidly expanding the number of drugs that will be negotiated and decreasing the amount of time that small and large molecule drugs will go without negotiations, from 10 years for small molecules and 13 years for biologics to just five years for both small and large molecule drugs.
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