White House Unveils Penalties for Drug Price Gouging
1 year ago
9
The White House made a significant announcement on Thursday, revealing that 48 drugs will face penalties as a consequence of drugmakers hiking prices beyond the inflation rate. President Joe Biden's Inflation Reduction Act (IRA) will enforce rebates from pharmaceutical companies engaging in price gouging, particularly impacting over 750,000 seniors reliant on Medicare Part B drugs.
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