Prescription Drug Pricing

President Biden Releases 2024 Budget Request

On March 9, President Biden released his $6.9 trillion proposed budget request for fiscal year (FY) 2024 to Congress.   The proposed Health and Human Services (HHS) budget included in the request contains $144.3 billion in discretionary funding and $1.7 trillion in mandatory funding for FY 2024. The proposed HHS budget also extends the solvency of […]

CMS Issues Initial Inflation Reduction Act Rebate Guidance for Part B Drugs

On Feb. 9, the Centers for Medicare & Medicaid Services (CMS) issued initial guidance for implementing the manufacturer Medicare Part B drug inflation rebates included in the Inflation Reduction Act.   Given that these rebates take effect on April 1, 2023, certain provisions — including calculating Part B cost-sharing for drugs subject to the rebate — […]