What is the role of the government in the regulation of drug pricing?

In Oregon, the government plays an important role in regulating drug pricing. This regulation helps ensure access to medications for people who need them. The government does this by setting a Maximum Allowable Cost (MAC) for drugs. This MAC is used by health plans, pharmacies, and other providers to determine pricing for drugs. In addition, the government also oversees the approval of drug pricing decisions. They review drug manufacturer’s requests for price increases and can deny those increases if they appear to be unreasonable. Finally, the government also works to ensure that drug prices are not only fair, but also affordable. This is done by providing subsidies and other incentives for people who struggle to pay for their medications. Overall, the government plays a critical role in regulating drug pricing in Oregon. This ensures that people have access to the medications they need while also ensuring that drug prices remain fair and affordable.

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What is the role of the government in the regulation of drug pricing?

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