New Medicaid Bill Targets Soaring Generic-Drug Prices
Legislation introduced on Monday in both houses of Congress would require generic-drug makers to give rebates to Medicaid when prices rise faster than inflation, the latest salvo in an escalating national debate around prescription drug spending. Sen. Bernie Sanders (I-VT) and Rep. Elijah Cummings (D-MD) introduced the Medicaid Generic Drug Price Fairness Act to address the problem of soaring generic-drug prices charged to Medicaid. The bill would extend an existing rebate requirement for brand-name drugs to their no-name counterparts.
David Wingate is an elder law and estate planning attorney in Frederick and Montgomery, Counties, Maryland. The law practice consists of wills, power of attorneys, trusts, Medicaid and asset protection.