Senate Finance Committee introduces legislation aimed at fixing drug shortages

The Senate Finance Committee on Friday introduced bipartisan legislation aimed at preventing and reducing generic drug shortages by leveraging Medicare and Medicaid programs.

The draft legislation proposes the creation of a "Medicare Drug Shortage Prevention and Mitigation Program" that would encourage improved contracting and purchasing practices in the drug supply chain. The program would begin in 2027, according to the committee.

The provisions would include requiring Medicare...