Plan to tie Medicare drug price increases to inflation underway in Senate

Senate Finance Committee leaders are in talks to create legislation that would require drug companies to pay rebates to Medicare Part D if drug prices grow faster than inflation, according to The Hill.

Advertisement

A rebate program is considered “far-reaching,” and may face opposition from Republicans as it nears price control, The Hill reports. However, leaders involved in talks include Finance Committee Chairman Chuck Grassley, R-Iowa, and Sen. Ron Wyden, D-Ore., indicating potential bipartisan support.

The proposal is separate from surprise medical billing legislation being developed by the health committee, but The Hill reports the two proposals could be combined into one package before coming to a vote.

Read more here.

 

More articles on leadership and management:

Ochsner CEO Warner Thomas on healthcare in the 2020 election, price transparency & innovation
5 healthcare takeaways from the 1st Democratic debate
Hospital alarms and the ‘devil’s interval’: Why one musician wants to change the hospital soundscape

At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.

Advertisement

Next Up in Leadership & Management

  • Baylor College of Medicine and Texas Children’s Hospital established an affiliation more than 70 years ago in the Texas Medical…

  • Fitch revised Ontario, Calif.-based Prime Healthcare Services’ outlook to positive and affirms its “B” rating.  The revised outlook reflects Fitch’s…

  • Brentwood, Tenn.-based Lifepoint Health, a health system owned by private equity firm Apollo Global Management, has largely grown over the…

Advertisement

Comments are closed.