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President Biden’s Proposal To Expand Medicare Price Controls A Sign Of Things To Come

 
• By Cathy Kelly

Even though it is unlikely that the policies will succeed in the currently divided Congress, the proposal reinforces industry’s concerns that once a foundation for Medicare price negotiation is established, policymakers will try to build on it.

Budget Proposal Is Messaging Document That Highlights Democrats' Goals • Source: Shutterstock

President Biden is confirming the biopharma industry’s worst fears with his proposal to expand the Medicare price negotiation program established by the Inflation Reduction Act to drugs even earlier in their lifecycle. The plan is included in the president’s federal budget proposal for 2024, to be formally unveiled on 9 March.

The policies are not likely to advance in Congress as long as Republicans control the House

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