August 17, 2017
HHS Secretary Price: Agreement with Mylan a Victory for Americans Who Rely on Lifesaving EpiPen
Health and Human Services Secretary Tom Price, M.D. released the following statement today after the announcement of an agreement with Mylan, the manufacturer of EpiPen to reclassify the auto injection medical device, a move that will save taxpayers hundreds of millions of dollars. The agreement will reclassify EpiPen as a brand name drug consistent with the Medicaid statute and regulations. Mylan has agreed to use the correct reference price of the 3rd quarter of 1990 for the purpose of calculating inflationary payment rebates under the Medicaid Drug Rebate (MDR) program. These changes will be effective retroactive to April 1, 2017.
“Mylan’s agreement to reclassify EpiPen is a tremendous victory for Americans who rely on this important lifesaving device and especially for Medicaid beneficiaries across the country,” said Price. “CMS Administrator Seema Verma and the team at HHS are working every day in support of President Trump’s goal of lowering the costs of drugs and medical devices in our country and making healthcare more affordable.”