BioCentury
ARTICLE | Politics, Policy & Law

CMS to propose MFN pricing benchmark model

White House reviewing proposed international reference pricing model

September 25, 2025 4:07 PM UTC

The Trump administration is laying the groundwork for an international reference pricing, or “most favored nation,” system for innovative medicines. 

On Tuesday, CMS submitted for White House review a proposed rule on a “Global Benchmark for Efficient Drug Pricing (GLOBE) Model.”  ...