The current presidential administration is pursuing policies to reduce regulations and expenditures across government, including at HHS, the FDA, CMS and related agencies. These actions, presently directed by executive orders or memoranda from the Office of Management and Budget, may propose policy changes that create additional uncertainty for our business. These actions and proposals, for example, include:
(i) reducing agency workforces and cutting programs,
(ii) rescinding a prior executive order tasking CMMI to consider new payment and healthcare models to limit drug spending,
(iii) eliminating a prior executive order that directed HHS to establish an AI task force and develop a strategic plan,
(iv) directing HHS and other agencies to lower prescription drug costs for Medicare through a variety of initiatives, including by improving upon the Medicare Drug Price Negotiation Program and establishing Most-Favored-Nation pricing for pharmaceutical products,
(v) imposing tariffs on imported pharmaceutical products, and
(vi) directing certain federal agencies to enforce existing law regarding hospital and plan price transparency, and standardizing prices across hospitals and health plans.