AXIOS August 16, 2024
Unless you were under a rock, you saw Thursday’s news that Medicare negotiated a better deal than the private market for some of the program’s top-selling drugs.
Why it matters: So what? How meaningful is that difference, and what will the longer-term effects be?
- Some seniors will likely pay less out of pocket for drugs (that’s a whole different topic), and that obviously matters to patients. But how pharma interprets the negotiated prices and reacts to them will have a huge impact on future drug development.
Our thought bubble: Democrats are thrilled, Republicans are appalled. The drug industry is complaining publicly but telling investors everything is fine.
- For all of the uproar this law caused when it...
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