Reducing the Rx Burden: Pathways to Lower Drug Prices and Increase Access

NIHCM [National Institute for Health Care Management Foundation]

The high cost of prescription drugs continues to be a significant financial challenge for many Americans, with nearly 30% of adults reporting they haven't taken their medications as prescribed due to the cost. Brand-name drugs, which make up over 84% of total drug spending, maintain high prices by extending patents and limiting competition from generics. Join our experts as they explore the future of the Inflation Reduction Act (IRA) and drug pricing, as well as private sector strategies to drive down costs and improve health outcomes.

Speakers will discuss:

• The impact of the new Administration on drug development, pricing policy, and the uncertain future of drug negotiations under the IRA.
• Trends in pharmaceutical innovation and the implications for drug pricing and policy.
• Strategies used to extend patent protection and how patent reforms can make drugs more affordable.
• Innovative health plan initiatives intended to improve access to high-priced medications and lower costs.

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