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Medicare Price ‘Negotiation’ Process Gets Broad Brush Treatment In New Law

 
• By Cathy Kelly and Sarah Karlin-Smith

With enactment of the drug pricing reform provisions in the Inflation Reduction Act, stakeholders now turn their attention to the implementing regulations that will be developed by the Centers for Medicare and Medicaid Services.

Biden signs Inflation Reduction Act
Democrats In Washington Have Been Fighting For Medicare Price Negotiation 'Since I Came Here As A 29 Year-Old Kid,' Biden Said. • Source: Screenshot

The US Health and Human Services Department is authorized to ‘negotiate’ drug prices in Medicare for the first time in newly-enacted legislation. But the law lacks a clear framework for the process, leaving many key aspects to HHS.

That offers manufacturers an opportunity to shape the policy but also creates significant uncertainty about the ultimate impact of the program

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