Biden calls on Congress to allow Medicare drug price negotiations
Overshadowed by President Biden’s vaccine mandate announcement, the administration earlier in the day released its top priorities for drug pricing reforms making their way through Congress.
The reforms are slated to save the government hundreds of billions to offset other spending priorities.
The 29-page HHS report makes clear the administration’s strong desire for any legislation to include Medicare drug price negotiations — an idea the pharmaceutical industry strongly opposes — as well as measures to slow price increases over time on existing drugs.
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