1. Pink Sheet

A Presidential Punt On Drug Pricing

 
• By Michael McCaughan

White House confirms that it will not be pushing major drug pricing provisions to help pay for its next multi-trillion dollar legislative proposal. That sounds like good news for industry – but don’t pop the champagne just yet.

Biden address to Congress 28 April 2021. Photo by Doug Mills - Pool/Getty Images
support government President Biden told Congress he supports price negotiation in Medicare, that the savings could be used to support health care expansion, but he did not propose a plan for doing it. • Source: Doug Mills - Pool/Getty Images

President Biden’s proposed economic recovery package will not call for action on drug pricing to help offset trillions of dollars in new federal spending on infrastructure and social programs in the US.

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