Generic drug manufacturers warn Democrats' drug plan could lead to higher prices

Generic drug manufacturers warn Democrats' drug plan could lead to higher prices

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The Facts Inside Our Reporter’s Notebook Generic drug manufacturers oppose Democrats’ bill allowing Medicare to negotiate drug prices.
The Senate passed its climate, tax, and healthcare bill on Sunday, which permits Medicare to negotiate what it pays for drugs.
“For seniors who’ve faced the indignity of rationing medications or skipping them altogether, the Inflation Reduction Act will lower prescription drug costs and finally cap out-of-pocket expenses,” said Senate Majority Leader Chuck Schumer, D-N.Y.
Generic drug manufacturers argue the bill will disincentivize competition by preventing manufacturers from entering the market, thereby making medication more expensive.
“The Senate has chosen to replace...
Source: https://justthenews.com/nation/states/center-square/generic-drug-manufacturers-say-democrats-drug-bill-could-lead-higher?utm_source=justthenews.com&utm_medium=feed&utm_campaign=external-news-aggregators