Page 5 - Negotiation Program News Today

As discussed throughout this Update, the implementation of the Medicare Drug Price Negotiation Program (the "Negotiation Program" or "Program")...

The Biden administration in a recent court filing forcefully pushed back on claims that the Medicare drug negotiation process is unconstitutional. Medicare’s ability to negotiate drug prices has plenty of legal precedent and manufacturers are not being forced to participate, the Biden administration said this week in response to a lawsuit from drugmaker Merck. According…

On Tuesday, August 29, 2023, the Centers for Medicare & Medicaid Services (CMS) released the first ten prescription drugs selected for price negotiation with manufacturers...

Swiss drugmaker Novartis on Friday said it had sued the U.S. government in an attempt to halt the Medicare drug-price negotiation program, which includes its top-selling heart-failure medicine Entresto. The lawsuit, filed in federal court in New Jersey, is the first since the Biden administration on Tuesday released its list of 10 prescription medicines that will be subject to price negotiations by the Medicare health program, which covers 66 million people. Other drugs selected were Bristol M...

Today, the Centers for Medicare & Medicaid Services (CMS) released the first 10 drugs (“Listed Drugs”) that will be included in the Inflation Reduction Act’s Medicare Drug Price...

Bloomberg China Takes Drastic Measures To Shield Economy From Real Estate Storm China is pulling out all the stops in response to the brewing storm within its real estate sector, aiming to prevent the cascading impact from reaching other sectors and economies. On a recent note, the world's second-largest economy has issued a directive to prominent state-owned banks, mandating substantial reductions in bank deposit and mortgage rates. The report highlights the insufficient domestic demand an...

The Centers for Medicare and Medicaid Services unveiled the first ten drugs subject to price negotiations under President Joe Biden's Inflation Reduction Act, including:

Good evening. If you’re reading this, you probably already know that former president Donald Trump, the current polling leader in the race for the 2024 Republican presidential nomination, has now been indicted in four cases after he and 18 other defendants were charged in Georgia Monday night in a racketeering case stemming from efforts to overturn the state’s results in the 2020 election.

The Department of Justice (DOJ) lambasted the Chamber of Commerce’s request for an injunction to block the Medicare drug price negotiation program, arguing in court filings that the organization had no standing to file the lawsuit and that pausing the program would harm the public. The rebuttal comes weeks before the federal government is expected…

On June 30, 2023, the Centers for Medicare and Medicaid Services (CMS) released its much-anticipated final guidance ("Final Guidance") for the Medicare Drug Price Negotiation Program...