HHS proposes legislation to lower prescription drug costs

HHS proposes legislation to lower prescription drug costs

HHS Secretary Xavier Becerra has announced a plan to lower prescription drug prices by “promoting negotiation, competition and innovation in the health care industry.”One of the “key” policies is legislation that would allow HHS to negotiate Medicare Part B and Part D drug prices directly with pharmaceutical companies, then make those prices available to other purchasers, according to a press release from the agency.Other proposed policies include:HHS also proposed:According to HHS, prescription drugs cost Americans more than $1,500 per person, and the price of brandRead More

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