Major drug price reforms head for Biden's signature as PhRMA weighs legal options
The fact that the new drug price negotiations for certain blockbuster Medicare drugs — due for a partisan thumbs up in the US House of Representatives on Friday and a signature from President Joe Biden soon after — don’t take effect until 2026 means there’ll be plenty of time for PhRMA and others in biopharma to weigh their legal options.
But what PhRMA or any biopharma company may potentially sue over will be the key, as legal experts point to the complicated negotiations side of the reconciliation bill, which beginning in 2026 would kick off these price concessions for 10 of the most expensive single-source drugs in Medicare’s Part D program, building up to about 60 drugs from both Part D and B by 2030, with prices generally capped by at least 40%.
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