Cap on drug price hikes for privately insured sparks battle – Netscape Money & Business

December 2, 2021

By RICARDO ALONSO-ZALDIVAR
Associated Press WASHINGTON (AP) — Workers and families with private health insurance would reap savings on prescription drugs from a little-noticed provision in President Joe Biden’s sweeping social agenda bill . It’s meant to break the cycle of annual price increases for widely used medicines. That provision would require drug companies to pay rebates to Medicare if they increase prices above the rate of inflation.

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2021-11-21 12:54:00

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