Jonathan Cohn, Senior National Correspondent at HuffPost, writes about politics and policy with a focus on social welfare. He is also the author of SICK (2007, HarperCollins) and THE TEN YEAR WAR (2021, St. Martin's).
A big announcement widely expected to come on Thursday should tell us a lot about one of the Biden administration’s most important policy achievements: awith the potential to touch the lives of millions of seniors, alter the pharmaceutical market and, just maybe, affect the November elections as well.between the federal government and the pharmaceutical manufacturers. The drugs include expensive, widely used blood thinners and diabetes treatments, as well as a cancer therapy medication.
Whether any of this shapes voter perceptions in the fall would depend on getting them to notice and pay attention to the new negotiating process now underway. So far, that’s been difficult for Biden, Harris and their allies to do.has shown that a large number of Americans are unaware that the federal government has already started to shape drug prices, althoughOne reason for the low public awareness may be that the negotiating power is quite limited.
President Joe Biden and Vice President Kamala Harris greet audience members during an event promoting lower healthcare costs in the East Room of the White House on Aug. 29, 2023, in Washington. The Biden administration announced a list of the first 10 medicines that will now have lower prices following negotiations with Medicare.
But conservatives have long argued that “negotiating” drug prices is really just a nicer way of saying “setting” drug prices, and that reducing pharmaceutical company revenue will reduce innovation by making it harder for those companies to attract investors.
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