Analysts: House bill could cost drugmakers $150B over 10 years

11/3/2009 | PharmaTimes (U.K.)

Analysts warn that a House health reform bill, which would demand drugmakers to offer Medicare and Medicaid patients about $60 billion in drug rebates over a decade, could cost the pharmaceutical industry up to $150 billion over the next 10 years. Ken Johnson, senior vice president of the Pharmaceutical Research and Manufacturers of America, said the mandatory rebate in the proposal would reduce research-and-development spending and result in job cuts.

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PharmaTimes (U.K.)