The new order directs Health and Human Services Secretary Robert F. Kennedy Jr. to come up with price-cutting goals within 30 days, White House officials said on a call Monday. The move will kick off a round of negotiations between Kennedy and the drug industry. Should talks stall, Kennedy will move to enforce the "most favored nation" pricing model, capping the U.S. prices at the lowest rates paid by other wealthy nations. Most notably, officials said the policy will not be limited to certain drugs under Medicare, as it was in original version, but will also target medications covered by Medicaid and private insurance.
"The US should get a fair rate of return on its investment in medical research."
I kinda think we do get that.
"The country's cancer death rate has declined 33 percent since 1991, thanks largely to cancer research that has led to new treatments, gains in early cancer detection and, most significantly, a sharp decline in tobacco use, according to a new American Cancer Society (ACS) report."
www.cancercenter.com
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