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Health Care - Landmark drug pricing legislation signed into law

The Hill logo The Hill 17.08.2022 02:29:43 Peter Sullivan

This is not a repeat of the famous Michael Crichton novel, or movie that bears its name. A "de-extinction" CRISPR startup is hoping to get justice for the Tasmanian tiger by bringing it back from the dead. Life, uh, finds a way. 

Today in health care, President Biden signed into law the Inflation Reduction Act, a measure aimed at lowering prescription drug prices, among many other sweeping provisions. 

Welcome to Overnight Health Care, where we're following the latest moves on policy and news affecting your health. For The Hill, we're Peter Sullivan, Nathaniel Weixel and Joseph Choi. Subscribe here.

President Biden signed into law a sweeping bill to lower health care costs and address climate change on Tuesday, sealing a legislative victory more than a year in the making.  

The $740 billion bill was significantly slimmed down from the original $3.5 trillion package some envisioned last fall, but nevertheless represents an undeniable win for Biden and Democrats in Congress. It includes some of Biden's key campaign promises and makes the largest investment in federal climate programs in history. 

"With unwavering conviction, commitment, and patience, progress does come," Biden said in the State Dining Room as he prepared to sign the legislation. "And when it does, like today, people's lives are made better and the future becomes brighter and a nation can be transformed." 

Long-sought drug pricing victory for Democrats: The bill will allow Medicare to negotiate prices for some drugs, giving Democrats a victory over the pharmaceutical industry that has long opposed such measures.  

It will put a cap on insulin prices in Medicare, and penalize drug companies that raise prices higher than the rate of inflation for Medicare drugs. 

Key senator: After the ceremony, Biden gave the pen he used to sign the bill to Sen. Joe Manchin (D-W.Va.).  

Read more here. 

The Food and Drug Administration (FDA) on Tuesday finalized a rule allowing hearing aids to be sold over the counter, a move that would help nearly 30 million people.   

The Biden administration touted the announcement as helping make hearing aids more affordable.   

Timeline: Hearing aids available over the counter could be available as soon as mid-October in retail and drug stores, the administration said.   

"As early as mid-October, Americans will be able to purchase more affordable hearing aids over the counter at pharmacies and stores across the country," President Biden said in a statement.  

Bipartisan backing: "Five years after our bipartisan Over-the-Counter Hearing Aid Act became law, consumers with mild to moderate hearing loss will finally have access to affordable over-the-counter hearing aids," Sens. Chuck Grassley (R-Iowa) and Elizabeth Warren (D-Mass.) said in a joint statement.  

Read more here. 

POLL: MOST SAY THEY DIDN'T TAKE PRECAUTIONS BEFORE VACATIONS 

Few Americans who reported taking a vacation in the past three months took extra steps to avoid a COVID-19 infection prior to their trip, according to a new Axios-Ipsos poll. 

The poll found that exactly half of the respondents reported taking a vacation or trip in the past three months. 

Most respondents said taking a vacation does not pose a major risk to their health or well-being. Just 11 percent said doing so poses a large risk, while more than half said it poses a small or no risk. 

Air travel has surged in recent months to the highest level seen since the start of the pandemic. More than 2 million passengers are passing through the nation's airports on an average day, according to the Transportation Security Administration. 

Reported COVID-19 cases have declined in recent days after peaking at roughly 130,000 daily cases in mid-July, although the true count is likely larger due to at-home positive test results that aren't reported to health authorities. 

Read more here.

DOG TESTS POSITIVE FOR MONKEYPOX 

 medical journal has published evidence of the first suspected case of human-to-pet transmission of the monkeypox virus. 

A dog living with two men in France who were infected with the virus began exhibiting symptoms 12 days after they did, according to The Lancet. The 4-year-old male Italian greyhound, which had no previous medical disorders, tested positive after showing symptoms such as lesions and pustules on its abdomen. 

Through DNA testing, researchers determined the viruses infecting the two men and the dog were both monkeypox. 

Since they became symptomatic, the two men had kept their dog away from other people and other pets but had slept with the animal in their bed. 

"Our findings should prompt debate on the need to isolate pets from monkeypox virus-positive individuals," the report reads. 

What health officials have said: The Centers for Disease Control and Prevention (CDC) has warned against possible human-to-pet transmission in its monkeypox guidance. 

"Infected animals can spread Monkeypox virus to people, and it is possible that people who are infected can spread Monkeypox virus to animals through close contact," the guidance reads. 

Read more here. 

First lady Jill Biden has tested positive for COVID-19 while on vacation with President Biden and other family members in South Carolina, the White House announced Tuesday. 

Another BA.5 breakthrough: The first lady is fully vaccinated and has received two booster shots. She has mild symptoms, the White House said, and will start taking Paxlovid, an antiviral drug that has proven effective at preventing serious cases of COVID-19. 

The president tested negative on Tuesday after taking a rapid test, White House press secretary Karine Jean-Pierre tweeted. 

"Consistent with CDC guidance because he is a close contact of the First Lady, he will mask for 10 days when indoors and in close proximity to others. We will also increase the President's testing cadence and report those results," Jean-Pierre tweeted. 

Read more here. 

WHAT WE'RE READING

STATE BY STATE

THE HILL OPEDS

It's time for a discussion about life after being born in America 

That's it for today, thanks for reading. Check out The Hill's Health Care page for the latest news and coverage. See you tomorrow.

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mercredi 17 août 2022 05:29:43 Categories: The Hill

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