The Biden administration is set to announce the first targets for price negotiation, part of a broader attempt to lower seniors’ healthcare costs
that could block implementation of the new Medicare program until its underlying legal issues are resolved. The business lobby asked a judge in an Ohio federal court to rule on its request before Oct. 1, the deadline by which companies are supposed to indicate if they plan to participate in negotiation.
“It’s critically important that we have innovative drugs come to market,” she said, adding: “It’s not going to help us if there are incredible, innovative products on the market that people can’t get.”The flurry of lawsuits are reminiscent of the legal barrage that greeted Democrats’ last major effort to lower health-care costs.
More than a decade later, Biden and his top aides have pledged to fight vigorously against any attempt to undo their signature legislative accomplishment. Some lawmakers, meanwhile, still believe that Congress could go further to lower drug costs, especially after they had to scale back the IRA
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