Federal judge blocks Trump administration drug pricing rule - (Financial Post via NewsPoints Desk)

  • US District Judge Catherine Blake in Maryland on Wednesday blocked a last-minute Trump administration rule aimed at curbing drug prices from taking effect on January 1, as reported Financial Post.

  • The rule, which would have tied reimbursements for some drugs by Medicare, to the lowest prices paid by certain other countries.

  • Blake ruled that the administration had rushed the rule without giving the public time to comment, in violation of federal law.

  • Blake's order is temporary and could be lifted if the administration prevails in the case.

  • PhRMA had filed a lawsuit challenging the rule, claiming that it would result in Medicare patients losing access to vital care.

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