US plans for reforming biopharma pricing at home and abroad
On Friday, the US Council of Economic Advisers (CEA) released a report on how the government can help to effectively reduce the prices of lifesaving drugs while stimulating innovation in the pharmaceutical industry.
The 30-page White House document is floating numerous ideas for curbing drug prices, including weakening the power of pharmacy benefit managers, reorganizing Medicare reimbursement and shaking up trade policy with countries that arguably underpay for medicines, as well as how the Food and Drug Administration approves and regulates drugs, saying the federal programs and agencies could create a more level playing field for drugmakers.
Read the full report here.
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