Becker's Healthcare September 9, 2021
HHS Secretary Xavier Becerra released the federal government’s plan for lowering prescription drug costs Sept. 9
Americans pay more than $1,500 each annually for prescription drugs, and pay prices much higher than other high-income countries, HHS said.
“Lifesaving prescription medication should not cost anyone their life savings. Yet too often, many low-income families cannot take their prescription medications because of cost concerns,” Mr. Becerra said in a news release. “By promoting negotiation, competition and innovation in the healthcare industry, we will ensure cost fairness and protect access to care.”
Six takeaways from the 29-page plan:
- A key cause of high drug costs in the U.S. is a lack of competition between drugmakers, Mr. Becerra said in the news...
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