HealthLeaders Media August 18, 2023
America’s pharmaceutical giants are suing this summer to block the federal government’s first effort at drug price regulation.
KEY TAKEAWAYS
– IRA provisions alone could reduce the federal deficit by $237 billion over 10 years, the Congressional Budget Office has calculated.
– That enormous savings would come from tamping down drug prices, which are costing an average of 3.44 times what the same brand-name drugs cost in other developed countries.
– Without any guardrails, prices for some existing drugs have soared, even as they have fallen sharply in other countries. New drugs have enormous price tags, buttressed by lobbying and marketing.
This article was published on Friday, August 18, 2023 by KFF Health News.
Last year’s Inflation...
Today's Sponsors
Today's Sponsor