As we reported last week, President Biden is still pushing Congress to pass legislation to lower drug prices and members of his staff are working on developing legislation that might gain enough support to pass the Senate.
In the meantime, others are looking for alternative ways to lower prices without legislation. Pressure is being put on the Biden administration to use its executive powers to reduce costs. In addition, one senator has introduced a bill to cap the price of insulin and other members of Congress are exploring other ways to lower some drug prices.
TSCL will continue to push for lower drug prices, and we will closely watch whatever new plans are developed to try and accomplish that.