Biden Calls on HHS to Test Cheaper Drug Payment Models (2)

New health-care payment models to lower the price of prescription drugs may be tested by the Health and Human Services Department under a Friday executive order from President Joe Biden.

The executive order aims to lower prescription drug costs across the US and follows landmark health-care legislation passed by Congress earlier this year that allows the HHS to negotiate drug prices with pharmaceutical companies.

Health and Human Services Secretary Xavier Becerra will “consider whether to select for testing by the Innovation Center new health care payment and delivery models that would lower drug costs and promote access to innovative drug ...