Becker's Healthcare November 17, 2020
Implementation of President Donald Trump’s proposal to lower certain Medicare drug prices to match what other wealthy countries pay could come as soon as this week, people familiar with the matter told The Hill.
The president signed an executive order in September calling for the “most favored nation” rule to take effect, but so far it has not been used.
The plan is opposed by the pharmaceutical industry and many congressional Republicans who say it constitutes price controls. The proposal is similar to ideas proposed by Democrats to lower drug prices, increasing the odds that the incoming Biden-Harris administration would continue it if implemented, according to The Hill.
The administration is preparing to implement the...
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