The bill that averted the fiscal cliff included a largely unnoticed section that granted world’s largest biotechnology firm a two-year delay in regulations of its drugs – even though the firm has just pleaded guilty in a federal fraud case.
The bill, H.R. 8, was passed with a paragraph that lawmakers included to give the biotechnology firm Amgen two years to sell Sensipar without government price regulations. Sensipar, an expensive prescription drug produced by Amgen and used by kidney dialysis patients, is projected to cost Medicare up to $500 million over the next two-year period, since the legislation delays Medicare price restraints of End Stage Renal Disease (ESRD) drugs, the New York Times reports.
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