Democrats’ New Drug Pricing Bill Will Jack Up Prices For Americans, CBO Finds

[mystery-ak]

Democrats’ New Drug Pricing Bill Will Jack Up Prices For Americans, CBO Finds


Dylan Housman
Healthcare Reporter
August 05, 2022 3:55 PM ET
Font Size:

Democrats’ landmark new drug pricing legislation could actually result in an initial increase in drug prices, according to information released Thursday by the Congressional Budget Office (CBO).

The non-partisan CBO reported that the legislation, which places a cap on price increases so they cannot go up faster than inflation, could lead drug companies to raise launch prices of new drugs to make up the difference. The CBO also said that allowing Medicare to negotiate certain drug prices directly would contribute, albeit not as much, to higher prices.

https://twitter.com/axios/status/1555524936671920128

The possibility that pharmaceutical companies will counteract the inflation-linked price cap by simply raising starting prices will undercut some messaging in favor of the bill, which Democrats argue will rein in major corporations allegedly price-gouging Americans for necessary medicine.

more
https://dailycaller.com/2022/08/05/democrats-drug-pricing-cap-bill-cbo-manchin-sinema-schumer-medicare/

[berdie]

My thoughts exactly.

[Fishrrman]

The drug companies have brought this upon themselves.

See: Epi pen pricing.

Yes, that was a particularly egregious example, but I sense it's "e pluribus unum"...

[libertybele]

Is there anything that the DEMS are doing that isn't jacking up prices??