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Inflation Reduction Act and Maximum Fair Price: Possible Industry and Practice Impacts
The IRA provides Medicare with the opportunity to negotiate drug prices. While there is preliminary direction about how maximum fair price will be calculated, speculation exists regarding how the negotiation process will work, evolve over time, and impact other areas of drug innovation and physician reimbursement. There is also the potential for other less obvious unintended market consequences that may change patient access to care, physician reimbursement, and pricing in other payer/purchaser segments beyond Medicare. Learn more in our recent article.
View Feb 14, 2023