Industry pushes back against Trump's Medicare proposals

27 November 2018

New rules proposed by the administration of US President Donald Trump would see insurers participating in the government-backed Medicare scheme permitted to exclude pharmaceuticals if price rises outpaced inflation.

The aim is to reduce the cost of prescription drugs by boosting negotiating powers for Medicare plans.

By law, private Medicare plans are required to include certain drugs in “protected” classes, such as cancer or HIV treatments. Critics say this encourages drugmakers to keep prices high.

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