Biden to pull the plug on ‘most favored nation’ drug rule

The Biden administration plans to pull the plug on a contentious Trump-era demonstration that would tie Medicare outpatient drug pay to other wealthy countries’ drug prices, according to a CMS proposed rule on Friday. Hospitals had opposed the “most favored nation” drug policy , arguing that it would hurt their bottom lines and put the entire onus of lowering drug prices on hospitals rather than drug companies or Medicare.

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2021-08-06 22:20:06