More than 100 Positions will be Hired for as the U.S. begins to Collect the Data needed to Launch Direct Negotiations on Prescription Drug Prices
"We definitely are looking to increase our expertise. This has been a long time coming, for the federal government and Medicare to have this authority."
Experts are soon to be hired in massive waves by the United States Government to begin the collection of data needed to launch the direct negotiations on prescription drug prices. The push for new employees comes as Biden sighed the Inflation Reduction Act into law last week. Federal Medicare health plans for those 65 years or older and those that are disabled will be able to negotiate the prices of nearly 20 drugs a year. The act also looks to limit drug price increases for Medicare and caps out-of-pocket costs for those within the system.
This is seen as a major defeat of pharmaceutical companies. It also sets a precedent for easing drug prices around the world in the most lucrative market for medicines. Chiquita Brooks-LaSure, the administrator of the Centers for Medicare and Medicaid Services, said, "We definitely are looking to increase our expertise. This has been a long time coming, for the federal government and Medicare to have this authority."
She also said that she plans to work to build a new team that will be specifically tasked with the drug price negotiation. The CMS has indicated that it will begin to hire for over 100 positions in the fall. "We are really looking for clinical expertise ... as well as people who have experience negotiating,” Chiquita Brooks-LaSure said.
"One of the first things is for us to choose which drugs to negotiate. We have 10, and that is something that we'll be announcing next fall, so around a year from now.”
Chiquita Brooks-LaSure added.
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