Regulate the Price of All Drugs Act establishes fair prices for prescription drugs and creates a regulatory commission to oversee the process.
The Regulate the Price of All Drugs Act aims to establish fair prices for prescription drugs by creating the Prescription Drug Price Regulatory Commission. This commission is tasked with recommending fair prices for approved prescription drugs, considering factors such as production costs, research and development costs, and average prices in comparable reference countries. The Secretary of Health and Human Services is responsible for publishing these fair prices and may revise them based on commission recommendations.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.