Biden executive order lifts ban on using march-in rights to lower drug costs
As part of an executive order issued last Friday marketed as promoting economic competition, President Joe Biden directed the government to pause a proposed rule from the Trump administration that would have prevented the use of so-called “march-in rights,” which have never been used before but hypothetically could lower prescription drug costs.
Former President Donald Trump introduced the potential ban as part of a swath of regulatory agenda items enacted earlier this year as he prepared to leave office. Biden had left the proposal in place until Friday, marking a reversal from just last month when the White House outlined its own regulatory plans and included the Trump rule.
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