Thoughts on the Biden Administration's release of "negotiated" drug prices from our President and CEO Maria Ghazal:
Private sector innovation and investment has led to amazing advancements in medications critical to treating cancer, diabetes, Alzheimer’s disease, and other serious conditions – with even more lifesaving therapies in the pipeline. Unfortunately, today’s announcement of “negotiated” prices for several key drugs puts future progress in jeopardy. The Healthcare Leadership Council (HLC) believes the IRA’s forced cost controls will lead to fewer treatments for patients and less access to care. Healthcare is most effective when the public and private sectors work together on innovative solutions. It may not be seen immediately, but if this price fixing scheme is fully implemented, patients will pay the ultimate price.