Democratic House leaders have unveiled new legislation that aims to build upon the drug cost reduction measures included in the Inflation Reduction Act (IRA). The Lowering Drug Costs for American Families Act, introduced by Energy and Commerce Committee Ranking Member Frank Pallone, Jr. (D-NJ); Ways and Means Committee Ranking Member Richard Neal (D-Mass.); and Education …
The court battle surrounding Medicare’s drug price negotiation program is intensifying as the deadline for determining which drugs will be included approaches. Currently, there are five organizations, including three pharmaceutical companies and two trade groups, that are suing the federal government over the Medicare Drug Price Negotiation Program. This program is an essential component of …
The U.S. Chamber of Commerce, known as one of the largest lobbying groups in the country, has taken legal action to prevent the implementation of the Medicare Drug Price Negotiation program, established by the Inflation Reduction Act (IRA). This program has been met with numerous legal challenges, and the Chamber filed a lawsuit last month …
The largest lobbying group in the pharmaceutical industry, the Pharmaceutical Research and Manufacturers of America (PhRMA), has filed a lawsuit challenging certain provisions in the Biden administration’s Inflation Reduction Act. These provisions allow Medicare to negotiate prices for specific drugs. The lawsuit, filed in the U.S. District Court for the Western District of Texas, argues …
Bristol Myers Squibb (BMS), a leading U.S. pharmaceutical company, has joined the growing list of organizations filing a legal challenge against the Medicare drug price negotiation program established by the Inflation Reduction Act (IRA). In line with similar complaints filed by Merck & Co. and the Chamber of Commerce, BMS argues that the provision in …
Subscribe to HuffPost’s biweekly politics newsletter by clicking here if you want to comprehend why the Biden administration’s accomplishments are often overlooked, and why they deserve more recognition. A policy announcement from last Friday sheds light on this issue. The announcement revealed a list of 43 prescription drugs covered by Medicare that experienced price increases …
The U.S. Chamber of Commerce has filed a lawsuit against the Biden administration over the Medicare price negotiation provisions in the Inflation Reduction Act. Merck also filed a lawsuit earlier this week, making the Chamber of Commerce the second organization to challenge the measure. In a statement, the Chamber of Commerce argued that government price …