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HHS releases plan to lower drug prices

Source: U.S Health and Human Services (Free Registration)

Health and Human Services (HHS) Secretary Xavier Becerra released a comprehensive plan to lower drug prices. The Drug Pricing Plan is part of a broader initiative stemming from President Joe Biden’s Executive Order on Promoting Competition in the American Economy, which also created the White House Competition Council tasked with coordinating, promoting, and advancing Federal Government efforts to address overconcentration, monopolization, and unfair competition in or directly affecting the American economy. The Report released by HHS is guided by the Administration’s principles for equitable drug pricing reform through competition, innovation, and transparency.

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