J&J Becomes Latest Drug Firm To Strike Price Deal
Johnson & Johnson arrived at a deal with the Trump administration to lower prices for certain prescription drugs in exchange for tariff relief. As with other deals, J&J will offer specific drugs for sale directly to consumers at significant discounts through the Trump administration’s TrumpRx website. It will offer its drugs to the Medicaid program at comparable prices to other developed countries. It will also give the most-favored-nation (MFN) price on new drug introductions.
J&J said it is planning two new U.S. manufacturing facilities as part of a previously announced $55 billion investment.
#drugpricing #branddrugmakers #mfn
https://thehill.com/policy/healthcare/5681535-johnson-johnson-trump-drug-prices/?tbref=hp
Congress Could Ban PA in Medicare FFS
Lawmakers explored the merits of a bill that would block the Centers for Medicare & Medicaid Services (CMS) from implementing a pilot program to test whether prior authorization (PA) should be piloted in traditional Medicare fee-for-service (FFS). The model would be tested in six states and leverage artificial intelligence (AI) to expedite PA on certain items and services identified as vulnerable to fraud, waste, and abuse.
#medicare #priorauthorization
https://www.medpagetoday.com/publichealthpolicy/medicare/1193661-house-gop-health-insurance-execs-affordability
Massachusetts Invests More In Exchanges To Soften Subsidy Blow
Massachusetts will spend an additional $250 million to help residents pay for premium increases due to federal subsidy expirations. The state’s total commitment to its ConnectorCare program is now $600 million, the largest of any state.
Healthcare policy group KFF has a briefer on the various state initiatives that subsidize premiums or stabilize the cost of unsubsidized premiums.
Additional article: https://www.kff.org/affordable-care-act/state-based-efforts-will-provide-limited-relief-from-enhanced-tax-credit-expiration/
#exchanges #healthcare #coverage
https://www.beckerspayer.com/payer/aca/massachusetts-invests-250m-to-soften-aca-subsidy-expiration/
— Marc S. Ryan
