thepharmaletter.com
In the 2024 US presidential election, health policy will remain a key issue for pharma. Both Donald Trump and Kamala Harris have criticized high drug prices, raising uncertainty for the industry. While Trump targeted generics, biosimilars, and international price comparisons during his term, Harris has been associated with pricing transparency and the Inflation Reduction Act (IRA), which introduced Medicare negotiations. A future Trump administration may continue aggressive pricing policies, but without a cohesive strategy, while a Harris presidency is expected to expand the IRA but could be less radical than some expect. Regardless of the election outcome, the industry faces ongoing pressure to lower costs while maintaining innovation in a strong market.
3 months ago