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People Keep Using Car Sticker Analogy To Argue For Drug Price Transparency. Here’s Why The Comparison Doesn’t Work. | Kaiser Health News

The common comparison of having increased transparency in drug pricing to forcing car companies to add sticker prices is flawed because it overstates the usefulness of the knowledge by implying that patients have much more power to act — to shop around or negotiate — than they actually do. In other pharmaceutical news: lobbying efforts on Capitol Hill, money for a biotech firm, and a CBO projection on the Senate’s drug pricing bill.

NPR: Why High Drug Prices Are Not Like Cars’ Sticker Prices
High drug prices are a hot topic in politics right now. President Trump has made lowering them a cornerstone of his re-election bid and is pushing a variety of ideas to get that done. But politicians — of either party — who want to rally the public around this have a challenge: Drug pricing is incredibly complex and convoluted. Just explaining what it is — let alone how to fix it — is really hard. You know what’s great for understanding complicated things? Analogies. (Simmons-Duffin, 7/17)

Stat: Drug Industry Deploys Its Top Guns To Capitol Hill
The pharmaceutical industry deployed its top guns to Capitol Hill on Wednesday as senators pushed to find consensus on a major package of drug pricing reforms. Spotted in the Senate basement at lunchtime: Stephen Ubl, the head of the industry lobbying organization PhRMA, and Dr. Giovanni Caforio, the CEO of Bristol Myers-Squibb. Their appearances were well-timed. Earlier Wednesday, Republicans lawmakers were briefed by the Congressional Budget Office on a drug pricing bill still under development in the Senate Finance Committee. Democrats were scheduled to receive the same briefing on Wednesday afternoon. (Facher, Florko and Joseph, 7/17)

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People Keep Using Car Sticker Analogy To Argue For Drug Price Transparency. Here’s Why The Comparison Doesn’t Work. | Kaiser Health News.

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