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AAM Hits Out At ‘Flawed’ Medicare Price Negotiation List

 
• By Dave Wallace

Responding to the announcement by the US Centers for Medicare & Medicaid Services of the 15 additional drugs that will soon be subject to price negotiation – including Ozempic, Rybelsus and Wegovy – the Association for Accessible Medicines has called out the “short-sighted government price setting scheme” for undermining generic and biosimilar competition.

Price negotiation is creating barriers to competition and slowing down generic and biosimilar rivals (Shutterstock)

After 15 further drugs were announced as being opened up to price negotiation by the US Centers for Medicare & Medicaid Services, the response from the Association for Accessible Medicines to the US Department of Health and Human Services was clear and unambiguous: the Inflation Reduction Act’s price negotiation scheme doesn’t work.

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