How will the new healthcare bill for prescription drug prices negotiation (Medicare) affect our industry in 10 year run? I’ve seen some conflicting opinions specifically how it will impact small pre commercial healthcare/biotech companies. Anything we can do about it?

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Are you crowdsourcing answers to interview questions?

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well the bill stipulates that you would need to be in the top 50 (but in reality top 20) of spending by Part D and B drugs. Only then would you be subject to the new negotiation timeline. So depending on the drug not that big of deal. I imagine the TAs that will be impacted are the ones that have broad, older populations (T2D, CVD, Oncology, Obesity). But also just because people say this will happen does not mean it will... Politics, in the words of Kinky Friedman means multiple blood sucking animals

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Am I correct in thinking companies don’t HAVE to be on the formulary? And isn’t there a selection process for Medicare only covering 2 products per indication?

I think the comments are fairly right. That’s said, I think that this will give a framework for commercial payers on how to negotiate drugs prices. I think it will impact not just the selected 10-60 drugs, but all the drugs affecting old people

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No I’m generally curious.

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