Bill Would Require HHS Drug Price Negotiations
Legislation introduced by four congressional Democrats would direct HHS to negotiate with drug manufacturers for lower prices on covered Medicare Part D drugs. Rep. Lloyd Doggett (D-TX), the bill’s prime sponsor, says drug pricing in the U.S. “is a tangled mess, a knot that will take more than one cut to pull apart. Harnessing the purchasing power of Medicare and negotiating better deals for drugs through a process similar to that already available for our veterans is a significant first cut at the knot….” He was joined by Sen. Bernie Sanders (I-VT) and Reps. Elijah Cummings (D-MD) and Peter Welch (D-VT).
Doggett also introduced two other bills to address prescription drug pricing. He says his Competitive Deals Resulting in Unleashed Generics and Savings (Competitive DRUGS) Act would crack down on so-called pay-for-delay deals, while the Transparent Drug Pricing Act would require drug manufacturers to disclose information that influences drug prices such as research and development costs, manufacturing and marketing costs, acquisitions, federal investments, and revenue and sales, to the HHS secretary.