HKS Affiliated Authors
Ethel Zimmerman Wiener Professor of Public Policy, HKS; Henry and Allison McCance Professor of Business Administration, HBS
Excerpt
Excerpt
November 27, 2023, Paper: "This cross-sectional study identified 25 “sole orphan” drugs qualifying for exemption from Medicare price negotiation. Medicare spending on these drugs increased from $3.4 billion in 2012 to $10.0 billion in 2021; the sole orphan exemption would have prevented Medicare from negotiating prices on drugs with $1.1 to $3.0 billion in Medicare spending in each year."