Washington Healthcare Update | May 3, 2021 – Food, Drugs, Healthcare, Life Sciences

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United States: Washington Healthcare Update | May 3, 2021 14 May 2021 McGuireWoods LLP To print this article, all you need is to be registered or login on Mondaq.com. This week in Washington: President Biden Announces American Families Plan Vision in Speech to […]


United States:

Washington Healthcare Update | May 3, 2021


To print this article, all you need is to be registered or login on Mondaq.com.

This week in Washington: President Biden
Announces American Families Plan Vision in Speech to Joint Session
of Congress.

HOUSE

House Education and Labor Committee to Hold Hearing to Discuss
Drug Pricing Bill

On May 5, the House Education and Labor Committee’s
Subcommittee on Health, Employment, Labor, and Pensions will hold a
hearing to discuss the Elijah E. Cummings Lower Drug Costs Now Act
(H.R. 3). The bill, which was first introduced
in 2019, would allow the federal government to negotiate the cost
of prescription drugs and cap seniors’ out-of-pocket costs for
prescription drugs, among other things. The House passed the Lower
Drug Costs Now Act with bipartisan support in 2020. However, the
Senate did not take up the legislation.

House Energy and Commerce to Hold Hearing on Drug Pricing
Legislation

The House Energy and Commerce Committee’s Subcommittee on
Health will hold a hearing on May 4, at 11:30 a.m., titled
“Negotiating a Better Deal: Legislation to Lower the Cost of
Prescription Drugs” to discuss drug pricing legislation. Eight
bills will be discussed at the hearing, and can be found listed
below:

  • H.R. 3, the “Elijah E. Cummings Lower
    Drug Costs Now Act”

  • H.R. 19, the “Lower Costs, More Cures Act
    of 2021”

  • H.R. 153, the “Protecting Consumer Access
    to Generic Drugs Act of 2021”

  • H.R. 2815, the “Bolstering Innovative
    Options to Save Immediately on Medicines Act” or the
    “BIOSIM Act”

  • H.R. 2831, the “Prompt Approval of Safe
    Generic Drugs Act”

  • H.R. 2843, the “Stop The Overuse of
    Petitions and Get Affordable Medicines to Enter Soon Act of
    2021” or the “STOP GAMES Act”

  • H.R. 2846, to amend title XVIII of the Social
    Security Act to require PDP sponsors of a prescription drug plan
    under part D of the Medicare program that use a formulary to
    include certain generic drugs and biosimilar biological products on
    such formulary, and for other purposes

  • H.R. 2853, the “Bringing Low-cost Options
    and Competition while Keeping Incentives for New Generics Act of
    2021” or the “BLOCKING Act”

SENATE

Senate Finance Chair Ron Wyden to Move on Drug Pricing

Although President Biden stressed his commitment to addressing
drug pricing in his April 28 address to Congress, drug pricing
reform was not included in the American Families Plan. In response
to this, Senate Finance Chair Ron Wyden (D-OR) stated he will start
drafting drug pricing reform legislation.

Senators Thune and Carper Reintroduce Bill on Chronic Disease
Management

On April 28, Sens. Tom Carper (D-DE) and John Thune (R-SD)
reintroduced legislation to ensure that high-deductible health
plans (HDHP) linked to health savings accounts (HSA) can cover
services to manage chronic disease prior to a beneficiary’s
reaching their plan deductible. The legislation was previously
introduced in 2020, and the text can be found here.

Read more on healthcare policy in McGuireWoods Consulting’s
Washington Healthcare Update.

The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.

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