A Look at Cummings’ Drug Pricing Law

While the Elijah Cummings Lower Drug Costs Now Act would reduce drug prices, The Commonwealth Fund says the impact on prices would hinge on several key components.

A significant drop in prices, according to The Commonwealth Fund, would depend on:

• The specific choices implemented in detailed federal regulations, which could vary significantly based on a presidential administration’s policy preferences;
• The measures instituted by other countries to constrain increases in their prices; and
• The actions of pharmaceutical manufacturers intended to minimize the reduction in their revenues.

To read more on The Commonwealth Fund’s site, click here.