Medicare Part D covers >3500 prescription drugs. Over 2400 of these are made by only one manufacturer (monopolies).
The prescription drug plan to let Medicare negotiate covers 10 drugs starting 2025. 20 drugs per year after.
Yet Pharma protests. Let's keep things in context.
The prescription drug plan to let Medicare negotiate covers 10 drugs starting 2025. 20 drugs per year after.
Yet Pharma protests. Let's keep things in context.
New drugs are protected for 9 years from time on market from negotiation. Biologics for 12 years. Price increases capped to inflation.
Which means expect Pharma to "front load" prices. That means make the launch price much higher to cover all of this loss of revenue. @DavidP4AD
Which means expect Pharma to "front load" prices. That means make the launch price much higher to cover all of this loss of revenue. @DavidP4AD
Out of pocket for seniors capped. Good. Important.
But it also means someone still pays Pharma. That's Medicare. Which is back to us, the public. So it's not like Pharma is losing money that way either.
But it also means someone still pays Pharma. That's Medicare. Which is back to us, the public. So it's not like Pharma is losing money that way either.
We have a long long way to go for value based prescription drug pricing, unlike every other developed country.
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