Competitive approaches to drug pricing in the 2024 elections
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The future of drug pricing policies in the United States depends on the outcome of the 2024 elections, with Democratic and Republican candidates presenting distinct approaches. Vice President Kamala Harris aims to expand the Biden administration's existing policies, while former President Donald Trump's position remains less defined.
Harris has pledged to broaden the scope of Medicare drug price negotiations, a key achievement of the Biden presidency, to include more drugs and benefit a broader population. It intends to use the resulting savings to fund an ambitious new proposal to cover long-term home care under Medicare. That means a commitment to build on the current administration's efforts to reduce drug costs and expand access to car...