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Posts tagged with "PhRMA"

Judge Hears First Arguments in Case Over Medicare Drug Price Negotiation Program CMS Rules

Judge Hears First Arguments in Case Over Medicare Drug Price Negotiation Program

Last week, the Southern District Court of Ohio heard the first oral arguments from the U.S. Chamber of Commerce (CoC, the Chamber) and the U.S. Department of Justice (DOJ). The Chamber requested an injunction of the Medicare negotiation program before October 1, which is the deadline for companies to sign an agreement to participate in...
National News

Humana Sues Federal Government Over MA Clawbacks & Novartis Sues Over Medicare Drug Negotiation Rule

Humana has filed suit against the Centers for Medicare and Medicaid Services (CMS) for a rule announced earlier this year that would allow the government to recoup overpayments from insurers based on extrapolated audits. Also, Novartis has challenged the Biden administration over the Medicare Drug Price Negotiation rule. Studies have...
Biden Administration Announces 10 Drugs Up for Negotiation in 2024 CMS Rules

Biden Administration Announces 10 Drugs Up for Negotiation in 2024

The Biden administration released its list of 10 drugs for direct price negotiations with manufacturers. The highly anticipated list is the most recent step in enacting a part of the Inflation Reduction Act (IRA) of 2022. The drugs listed are largely treatments related to Type 2 diabetes, blood thinning, arthritis and cancer...
National News

5th Circuit Overrules FDA on Mifepristone Access

Last week, the Fifth Circuit Court of Appeals in New Orleans issued a decision that restricts the use of mifepristone, a medication that is used in abortion. The U.S. Department of Justice, which is defending the Food and Drug Administration in the case, said that it would appeal the decision to the Supreme Court. The three-judge...
CMS Releases Updated Guidance for Medicare Drug Price Negotiation Program in Response to Lawsuits CMS Rules

CMS Releases Updated Guidance for Medicare Drug Price Negotiation Program in Response to Lawsuits

The Biden administration released revised guidance for the Medicare drug price negotiation program late last week in response to the mounting lawsuits against the policy required by the Inflation Reduction Act (IRA) of 2022. Drugmakers Merck and Bristol Myers Squibb, as well as industry representatives like the U.S. Chamber of...
Bristol Myers Squibb, PhRMA Sue Over Medicare Drug Price Negotiation National News

Bristol Myers Squibb, PhRMA Sue Over Medicare Drug Price Negotiation

Pharmaceutical industry advocacy organizations including the Pharmaceutical Research and Manufacturers of America (PhRMA) and a third drug manufacturer have sued the federal government over the provision of the Inflation Reduction Act (IRA) that allowed for Medicare drug price negotiation for select pharmaceuticals. Pharmaceutical...
News

Biden Signs the Inflation Reduction Act, Medicare Drug Price Negotiations, Into Law

President Joe Biden signed the Inflation Reduction Act (IRA) on Tuesday, a $430 billion bill that includes a number of health-related programs that the Biden administration has touted as high-priority since the 2020 presidential campaign. The bill includes an extension for federal health insurance subsidies and allows the government...
National News

Biden Urges Congress: Lower Drug Prices, Medicaid Wants Medicare to Pay for New Alzheimer's Drug - VA Says No to Coverage

Last week President Joe Biden called on U.S. lawmakers to enact legislation aimed at lowering drug prices, including allowing Medicare to negotiate drug prices and imposing penalties on drugmakers that hike prices faster than inflation. Biden said that U.S. prescription drug costs were higher than any other nation in the world by two to...
CMS Rules

CMS Delays Medicaid Best-Price Drug Rule

The Centers for Medicare & Medicaid Services (CMS) released a proposed rule last Wednesday that delays the implementation of a Trump-era rule which would incentivize the use of value-based drug pricing agreements for the Medicaid program. The original version of the regulation was finalized in December 2021, but the Biden...
Arizona News

ACA Enrollment Is Up, More Could Join; Drugmakers Sue Over Best-price Rule

Health care enrollment under the Affordable Care Act (ACA) is continuing to climb in Arizona and across the country during the special enrollment period (SEP) as benchmark premiums also continue to decline. According to ABC15, the Centers for Medicare & Medicaid Services (CMS) logged 17,081 Arizonans have selected plans during the...
National News

President Trump Signs Another EO Regulating Pharmaceutical Prices - Will the United States be the Most Favored Nation??

This week, President Donald Trump signed an executive order designed to cut prescription drug prices by tying prices to international prices. Two months ago, the President signed several executive orders that also intended to lower drug prices and constrict Medicare rebates. The Sunday order says the Medicare program should pay...
Arizona News

Big Pharma Lobbyists Aim to Reverse Medicare Part D "Doughnut Hole" Removal

The pharmaceutical companies on Capitol Hill rarely get the short-end of the stick, so it shouldn't come as a surprise that the industry is lobbying for a provision to block the increase of the percentage of drug costs they must cover under Medicare. Lawmakers are now considering to add measures that would ease the burden of drug...
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