Pharmacy
HHS wants to ensure affordable access for beneficiaries in public programs such as Medicare and Medicaid, and for the uninsured.
The drugs selected account for $50.5 billion in Part D gross covered prescription drug costs, or about 20% of the total, CMS says.
Drug manufacturers must now enter into an agreement with HHS to take part in the price negotiation process.
The benefits of ketamine, the company says, include interrupting unhealthy thought patterns and increasing neuroplasticity.
The program allows members to save on 50+ generic medications that are typically used by consumers with a discount card.
The partnership grew out of a philosophical alignment between the companies, with each citing the desire to simplify access and pricing.
The agency says current data does not support the recommended dosage of phenylephrine as an effective decongestant.
Rebates and fees received by PBMs account for 42% of every dollar spent on brand medicines in the commercial market, report says.
Improperly listing patents may harm competition from generic alternatives and keep prices artificially high, the FTC says.
The vaccines from Pfizer-BioNTech and Moderna will be available later this week, CDC says.