Establishment of program
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(a) In generalThe Secretary shall establish a Drug Price Negotiation Program (in this part referred to as the “program”). Under the program, with respect to each price applicability period, the Secretary shall—
(1)
publish a list of selected drugs in accordance with section 1320f–1 of this title;
(2)
enter into agreements with manufacturers of selected drugs with respect to such period, in accordance with section 1320f–2 of this title;
(3)
negotiate and, if applicable, renegotiate maximum fair prices for such selected drugs, in accordance with section 1320f–3 of this title; [1]
(4)
carry out the publication and administrative duties and compliance monitoring in accordance with sections 1320f–4 and 1320f–5 of this title.