Bipartisan drug pricing bill to crack down on 'big pharma's games': 4 things to know

A bipartisan drug pricing invoice — presented through Sens. Chuck Grassley, R-Iowa, and Ron Wyden, D-Ore. — appears to be like to crack down on “large pharma’s video games,” in keeping with The Hill.

Listed here are 4 issues to grasp:

1. The invoice will goal probably the most ways drugmakers use to overcharge taxpayers for Medicaid rebates, in flip boosting their income.

2. Specifically, the invoice would grant HHS authority to reclassify a drug and recoup rebates when a producer intentionally misclassifies a drug to pay decrease rebates to Medicaid.

three. In introducing the invoice, the lawmakers in particular discussed Mylan, which incorrectly labeled its brand-name EpiPen as a generic drug. Mylan resolved the EpiPen lawsuit with the Justice Division in 2016 for $465 million. Whilst Mylan paid a hefty sum to get to the bottom of the lawsuit, one federal research discovered taxpayers could have overpaid through up to $1.27 billion over a 10-year length.

four. “Whilst households combat to find the money for drugs like EpiPen, drugmakers are busy manipulating the gadget to squeeze taxpayers much more,” Mr. Wyden informed The Hill.  “This bipartisan invoice will crack down on large pharma’s video games and lend a hand save you them from profiting from Medicaid, a program supposed to offer protection to essentially the most inclined.”

Extra articles on pharmacy:
Walmart, three pharma firms sued over impure medicine
Justice Division needs to drop Ultimate Court docket whistle-blower case in opposition to Gilead
GAO reveals flaws in FDA’s orphan drug program: 6 issues to grasp

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