BioCentury on BioBusiness,
Politics and Policy
SCOTUS pleases BIO, PhRMA, but Congress may seek more pharma money
Wake me in November
Monday, July 2, 2012
The Supreme Court's decision last week to leave the Patient
Protection and Affordable Care Act largely untouched assures key elements
fought for by the Pharmaceutical
Research and Manufacturers of America and the Biotechnology
Industry Organization will stand, at least until year end.
The ruling preserves PhRMA's
deal with the White House and the Senate Finance Committee to pay more than $80
billion in taxes, rebates and fees over 10 years in exchange for a larger
market, no rebates for beneficiaries who are eligible for both Medicare Part D
and Medicaid, and no drug importation. It also preserves the biosimilars
pathway and the 12-year exclusivity period for innovators that was a hot button
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