Posted by Michael Wonder on 11 Oct 2023
Medicare may plan to negotiate drug prices, but some states are taking their own steps to lower costs
11 October 2023 - Anticipation may be high that Medicare can wring lower prices out of drug makers, but a handful of states are moving aggressively to slash costs for their residents, a clear sign the battle over affordable medicines in the US is only going to escalate further.
These efforts involve Prescription Drug Affordability Boards, which are designed to function like a rate-setting authority. How so? Most boards seek to set upper payment limits, or ceilings, used for determining prices that are paid for medicines. And in some states, the plan is to set prices paid not just by state and local governments, but also by commercial health plans operating there.
