WASHINGTON, Jan. 2 -- Internal Revenue Service has issued a proposed rule called: Statutory Updates to Branded Prescription Drug Fee Regulations.
The proposed rule was published in the Federal Register on Jan. 2 by Frank J. Bisignano, Chief Executive Officer.
Summary: This document proposes amendments to regulations regarding the annual fee imposed on covered entities engaged in the business of manufacturing or importing certain branded prescription drugs. In response to the replacement of the Coverage Gap Discount Program with the new Manufacturer Discount Program by the Inflation Reduction Act of 2022, the proposed regulations would make updates regarding the discounts, rebates, and other price concessions used to determine branded pres...