Here are four takeaways:
1. Under the legislation, the HHS secretary would have the power to negotiate prescription prices, which current law prohibits Medicare from doing.
2. Sen. Brown reintroduced the bill with hopes that seniors can obtain better price discounts, which will yield savings for taxpayers and lower costs for Medicare Part D enrollees.
3. Various Democratic senators have sponsored the legislation and are seeking to work with the Trump administration on strategies to truncate drug prices.
4. In a speech on Jan. 9, 2017, HHS Secretary Sylvia Burwell said granting Medicare negotiating power could maintain control over rising drug prices for seniors spanning the nation.
More articles on coding & billing:
ACA enrollment defies the odds, numbers continue to rise: 4 points
Trump puts mounting pressure on Republicans; Says time for ACA repeal is now
CMS waives some penalties associated with physician quality reporting system due to ICD-10 code update issues: 4 things to know
