The article discusses the implications of the Inflation Reduction Act (IRA) on pharmaceutical patents and drug pricing. It highlights concerns that the federal government's method of 'negotiating' prices is actually coercive price fixing. The Secretary of Health and Human Services recently announced 15 additional drugs subjected to this scheme, which has drawn criticism for undermining due process and transparency. Critics, including the U.S. Chamber of Commerce, argue this action lacks accountability and may hinder future reform efforts by subsequent administrations.
The Inflation Reduction Act allows the federal government to negotiate drug prices for Medicare, but proponents argue it should not be labeled as genuine negotiation.
The recent identification of 15 more drugs by the HHS for forced price negotiations raises concerns about transparency, accountability, and sound policymaking.
#pharmaceutical-patents #drug-price-control #inflation-reduction-act #policy-analysis #medicare-negotiation
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