Printed from BusinessInsurance.com

Legislative efforts to lower drug costs may not apply to private insurance

Posted On: Sep. 2, 2021 10:00 AM CST

Senate Democrats' bill aimed at lowering prescription drug prices may not apply to the millions of people who get health insurance from employers, Senate aides and lobbyists say, prompting alarm from employers and progressive groups, reports The Hill. Employer groups warn that if lower drug prices only apply to Medicare, drug companies will simply raise prices in the private insurance market, shifting costs onto them, the article says.