Upper limit of drug price increase for the battle of sparks of private insurance

Washington – Workers and families with private health insurance will enjoy prescription drug savings from the lesser-known provisions of President Joe Biden’s broad social agenda bill. It aims to break the cycle of annual price increases for widely used medicines. The provision would require Medicare to pay a rebate if the drug company raises prices above inflation. Drugs sold to private plans are counted in the penalty calculation, like taxes on price increases.

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2021-11-21 13:11:17