Did The Congressional Budget Office Just Make Price Negotiation Inevitable?

Not only does the CBO’s new model make the impact of draconian changes look small, it also gives a framework for compromise that could make legislation more likely to pass Congress.

Did CBO kill the drug industry? (nielsen hobbs)
Did CBO kill the pharmaceutical industry in the working paper with equations? • Source: Nielsen Hobbs

The US Congressional Budget Office’s new “working paper” describing a model for simulating the impact of Medicare drug price negotiations is an abstract and technical publication.

It is also a horrifying read for anyone in the innovator pharmaceutical industry.

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