Hill May 21, 2023
Former Food and Drug Administration (FDA) Commissioner Scott Gottlieb said on Sunday that drug price caps in the Inflation Reduction Act are exacerbating drug shortages.
“The features under the Inflation Reduction Act will exacerbate this problem, because it’ll prevent these generic manufacturers from being able to take price increases,” Gottlieb, who now serves on the board of Pfizer, told CBS’ “Face the Nation.”
“For example, if they enter a market for the first time, or they spend a lot of money upgrading a facility to be compliant with state-of-the-art regulations, they’re not gonna be able to take a price increase to recoup some of those costs,” he added. “So, it’s going to come out of their own pocket.”
Gottlieb...
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