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Medicare Price ‘Negotiation’ : Manufacturer Compliance Gets Tougher Enforcement Provision

 
• By Cathy Kelly

As legislation authorizing Medicare price 'negotiation' clears the Senate and appears on its way toward enactment after years of efforts by US congressional Democrats, and opposition by Republicans and the pharmaceutical industry, the bill continues to be tweaked.

VP Harris casts the tie-breaking vote
VP Harris casts the tie-breaking vote on Medicare drug pricing bill • Source: C-SPAN

Manufacturers who choose not to comply with the Medicare price negotiation process for one of their drugs either face an up to 95% excise tax on the drug’s revenues or the prospect that none of their drugs will be covered by Medicare or Medicaid, under landmark drug pricing legislation approved by the US Senate on 7 August.

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