Pallone Drafting Drug Pricing Bill With Medicare Price Negotiation, Exclusivity Penalties, Transparency Requirements

Correction Appended House Energy & Commerce ranking Democrat Frank Pallone (NJ) is writing drug pricing legislation that includes a laundry list of policies, including revoking exclusivity when companies promote off-label uses or otherwise break the law, allowing Medicare price negotiation by repealing the noninterference clause, imposing penalties for misclassification under the Medicaid rebate program and requiring price transparency. Pallone revealed during a drug pricing event at the Center For American Progress Monday (July 17) that he intends...