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The Inflation Reduction Act: The Impact of Medicare Negotiation of Prescription Drug Prices on Hospitals and Health Systems

Electronic Health Reporter

The article The Inflation Reduction Act: The Impact of Medicare Negotiation of Prescription Drug Prices on Hospitals and Health Systems appeared first on electronichealthreporter.com. In August, H.R. 5376, the Inflation Reduction Act of 2022 (IRA), was passed via partisan votes by both chambers of Congress and […].

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Biden’s proposed HHS budget aims to make pandemic-era subsidies permanent

Healthcare Dive

Released Thursday, the budget also proposes to extend Medicare solvency and give the federal government more power to negotiate prescription drug prices.

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Senate Dems reach draft deal to extend ACA premiums, lower drug costs

Healthcare Dive

The bill, part of a more than $300 billion package, extends enhanced ACA premiums and allows Medicare to negotiate select prescription drug prices starting in 2026.

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Biden to call for drug negotiation expansions, stronger reproductive care access at SOTU

Fierce Healthcare

Healthcare policy wins and promises of further action on prescription drug prices, insurance coverage and reproductive care access are primed for the spotlight when President Joe Biden takes the ro | Speech previews from the White House celebrate and call for expansions to the Inflation Reduction Act.

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Senate Finance Committee votes to impose drug pricing standards on PBMs

Fierce Healthcare

In a largely harmonious Senate Committee on Finance markup hearing, members supported bipartisan efforts to rein in pharmacy benefit managers (PBMs) that they say operate without transparency to dr | The Senate wants to improve transparency surrounding pharmacy benefit managers and bring down prescription drug prices for the average person.

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Prescryptive Health Acquires Full-Service PBM Northwest Pharmacy Services

HIT Consultant

What You Should Know: – Prescryptive Health , a health tech company empowering consumers with prescription drug pricing data, has acquired Northwest Pharmacy Services Inc, a full-service, non-profit Pharmacy Benefit Manager. NWPS serves over 44,000 members in the Pacific Northwest.

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CVS Rebrands Health Services Segment, Launches Model for Retail Pharmacy Reimbursement

HIT Consultant

This innovative approach will establish a transparent formula for drug cost and reimbursement, moving away from the traditional complex and opaque pricing structure.