CBO: $345B In Savings From H.R. 3 Comes At Cost Of Fewer New Drugs

By John Wilkerson / October 11, 2019 at 6:29 PM
The Congressional Budget Office estimates that House Democrats’ bill to negotiating drug prices would save taxpayers $345 billion in six years, but that savings would come at the cost of 8 to 15 fewer drugs being invented over a decade -- FDA approves about 30 new drugs annually. CBO’s preliminary estimate of H.R. 3 is that brand drug makers revenues would be reduced by half a trillion dollars to $1 trillion. The House bill would direct HHS to negotiate prices...

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