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Department of Health and Human Services in Boehringer Ingelheim's challenge to a new Medicare drug pricenegotiation program, rejecting the pharmaceutical company's claim that the program is unconstitutional. A Connecticut federal judge on Wednesday sided with the U.S.
Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government Contractors. We just completed two articles on the Truth in Negotiations Act (TINA) [1] and, before that, two articles on Defense Contract Audit Agency (DCAA) audits.
notified a Connecticut federal court Friday that it will appeal its loss in a lawsuit challenging a new Medicare drug pricenegotiation program on the grounds that it unlawfully compels the pharmaceutical giant to declare prices "fair," takes its property and imposes an excessive fine. Boehringer Ingelheim Pharmaceuticals Inc.
An "unprecedented" new Medicare pricenegotiation program deprives drugmakers of their constitutional rights and forces them to make declarations on issues of public concern that reflect poorly on them, Boehringer Ingelheim Pharmaceuticals Inc.
AstraZeneca has chided the federal government for seeking a quick win against the drugmaker's challenge to the Medicare drug pricenegotiation program in a recent brief, arguing that the Centers for Medicare and Medicaid Services mistakenly believes it has "absolute authority to unilaterally dictate prices."
Boehringer Ingelheim and other drugmakers are free to take their business elsewhere if they object to the new Medicare pricenegotiation program, the federal government has said, urging a judge to reject the company's claims of constitutional violations.
Data management tools, like pricing algorithms and artificial intelligence (AI), are playing an ever-larger role in Federal procurement as agencies look to streamline processes, increase efficiency, and improve contract outcomes. GSA’s current use of algorithms and pricing data is instructive in this regard.
Special focus on contract pricing). pricenegotiations and procedures should be used by contracting officers to determine the price reasonableness of modifications offered under a sealed bid contract. Examples of price analysis techniques can be found at FAR 15.404-1(b)(2). FAR 15.400. FAR 15.403-3(c).
Data management tools, like pricing algorithms and artificial intelligence (AI), are playing an ever-larger role in Federal procurement as agencies look to streamline processes, increase efficiency, and improve contract outcomes. GSA’s current use of algorithms and pricing data is instructive in this regard.
Topics covered during the training will include: The GSA Schedules Program: An Entry Point to Government Contracting Obtaining Your GSA Schedule or Schedule Modification, along with Option Extensions Navigating the PriceNegotiation Process Better Understanding of Management and Compliance of the Price Reduction Clause Schedule e-Tools: Tips on Competing (..)
If you want a supplier to work quickly, to provide their best ideas, people or products to support your business, they won’t be responsive if for the last three years you only communicated to beat them up on price or criticise their delivery performance.
Johnston best of luck in her next pricenegotiation with a “proven enterprise technology company.” The lead story in this Wall Street Journal article makes me sick. I sincerely wish Ms. And I sure as hell hope they call her bluff.
Webinar: VA Covered Drugs Price Updates, October 25 On October 25, Hogan Lovells’ Partners Allison Pugsley and Joy Sturm will be joined by Ted Karnezis of Ted Karnezis Consulting for a webinar on VA Covered Drug Price Updates. Register for the webinar here. This intensive, one-day workshop teaches the basics of the GSA’s MAS Program.
This year’s tables include: November 20: GSA MAS PMO GSA Pricing Tools Medical/Surgical Supply BPAs SAM.gov PMO VA Federal Supply Schedule (FSS) November 21: VA FSS Community Care Network (CCN) View the agendas for more details. Pricing details included in the prospectus. Thus, the VA set the solicitation aside for small business.
During the training, Jason, Liam, and Alex will cover the following topics and more: Pricing – Transactional Data Reporting (TDR)/Commercial Sales Practices (CSP); Domestic Preferences; Supply Chain; Enforcement/Mandatory Disclosure/Ethics; Sustainability Requirements/Policy; and Bid Protests Update.
During the training, Jason, Lorraine, and Addie will cover the following topics and more: Pricing – Transactional Data Reporting (TDR)/Commercial Sales Practices (CSP); Domestic Preferences; Supply Chain; Enforcement/Mandatory Disclosure/Ethics; Sustainability Requirements/Policy; and Bid Protests Update.
Contractors should track and document any changes in workload to ensure that any increases in scope and associated cost or price adjustments are appropriately reflected in a contract modification. On fixed-price contracts, any recovery from the government will likely depend on whether the contractor is entitled to an equitable adjustment.
Sonia Pesantes, Managing Principal Consultant, and Sean Nulty, Principal Consultant, will present insights from their experiences with the Information Technology (IT) center at GSA with a focus on fair and reasonable pricingnegotiations. To register for this members-only meeting, click here.
The FAR covers various aspects, including contract formation, administration, pricing, and subcontracting standards, ensuring a standardized approach to federal procurement. Certain modifications may necessitate preliminary pricenegotiations to protect the governments interests.
Department of Labor (“DoL”), Bureau of Labor Statistics (“BLS”), September 13 Consumer Price Index (“CPI”) Summary states that “[o]ver the last 12 months, the all items index increased 8.3 1] Similarly, the BLS September 14 Producer Price Index (“PPI”) Summary states that “[o]n an unadjusted basis, the index for final demand moved up 8.7
Healthcare Spotlight: HHS Announces Medicare Part D NegotiatedPrices This week, the Department of Health and Human Services (HHS) released the final drug pricesnegotiated through its Medicare Drug PriceNegotiation Program established under the Inflation Reduction Act of 2022 (IRA).
View from Main Street: Size Recertification Confusion Updates on Timely Topics Impacting the Government Contracting Industry from Vice President of Acquisition Policy, Ken Dodds Historically, the length of government contracts did not exceed five years and size was determined at the time of offer (including price) for the contract.
During the briefing, they answered member questions on labor categories, economic price adjustments, TDR, joint ventures and other topics. The Coalition sincerely thanks Cheryl, Kim, and Marquita for their commitment to an open dialogue and spirit of partnership with industry.
These include: (1) negotiations only with the best suited offeror (i.e., the apparent successful offeror); (2) use of the highest rated offeror best value methodology; and (3) the determination of a fair and reasonable price. These issues may include technical and price. environment. acquisitions.
The Price Reduction Clause (PRC), which applies to Federal Supply Schedule (FSS) contracting, is not based on statute, and is a price control mechanism. It increases prices for government and commercial customers. Finally, some clauses or provisions just reflect bad economic and procurement policy.
The Price Reduction Clause (PRC), which applies to Federal Supply Schedule (FSS) contracting, is not based on statute, and is a price control mechanism. It increases prices for government and commercial customers. Finally, some clauses or provisions just reflect bad economic and procurement policy.
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