CAHC’s Joel White was interviewed by MedCity News about what the future holds for the Inflation Reduction Act’s government price-setting strategy.
The Council for Affordable Health Coverage, an advocacy organization focused on reducing healthcare costs, would like to see a more drastic change: a repeal of the IRA. The IRA is failing, declared Joel White, president of the organization.
“We support repealing the IRA and its price controls — enacting a real out-of-pocket cap on drug costs for seniors that doesn’t raise premiums or limit drug coverage, and pledge to not use Medicare to pay for other priorities like green energy tax credits,” he said in an email. “Congress should immediately end the pill penalty, which imposes price controls on drugs sooner than biologics. This misguided policy is shifting new drug development into more expensive biologics, which increases patient out-of-pocket costs and makes it harder to get their treatment.”