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Biopharmaceutical Costs Not Adequately Addressed by CMS

The Centers for Medicare and Medicaid Services, CMS, released guidance on the drug price negotiations provisions of the Inflation Reduction Act, IRA. The agencyโ€™s proposed factors omit substantial investments while improperly treating others as sunk costs.
Congressional Budget Office Centers For Medicare Medicaid Services Inflation Reduction Act Considers Manufacturer Capital Cost Exclusion

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