Medicare Drug Price Negotiation Not A Major Threat To Pharma – Even If It Passes

Biopharma analysts discuss the likely impact of the drug pricing reform provisions in the Build Back Better legislation, which has hit a roadblock created by Democratic Senator Joe Manchin of West Virginia.

Night Day negotiation
Will Medicare Price Negotiation Finally Happen? • Source: Alamy

The Medicare price negotiation provisions included in the Build Back Better bill would be manageable for biopharma if enacted and passage might even be a positive development because it would take drug pricing reform legislation off the table for a while, according to a group of biopharma analysts with Cowen.

As currently written, the negotiation process would apply to a limited number of high-cost drugs covered by Medicare Parts D...

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