Tag: Health Services Pricing

Trump lays out plan to slash drug costs | Chemistry World

Trump lays out plan to slash drug costs | Chemistry World

The US pharmaceutical industry has concerns about President Trump’s blueprint to address the high cost of medicines in America, unveiled in a speech in the White House’s iconic Rose Garden on 11 May. The administration’s new strategy explicitly targets ‘excessively high drug prices, foreign freeloading, and a system rigged to reward list price increases’. The […]

Trump’s drug pricing plan pushes for increased price transparency, greater use of generics  | FierceHealthcare

Trump’s drug pricing plan pushes for increased price transparency, greater use of generics  | FierceHealthcare

Price transparency an immediate focus The Department of Health and Human Services has more than 50 actions in the works to address the drug pricing issue, said Secretary Alex Azar. For example, Azar said he has directed the FDA to investigate ways to improve price transparency around drugs, including listing the prices of brand-name medications […]

Drug price confusion: Trump talks big, but can he deliver? | AEI

Drug price confusion: Trump talks big, but can he deliver? | AEI

In his usual fashion he could draw some superficial or highly specific (and hence meaningless) price reductions by a Twitter storm against various EU nations. But to really have an impact he’d have to work in concert with manufacturers and support their withholding product sales into EU until higher prices were paid. It is both […]

Trump Promises Lower Drug Prices, but Drops Populist Solutions | The New York Times

Trump Promises Lower Drug Prices, but Drops Populist Solutions | The New York Times

WASHINGTON — President Trump vowed on Friday to “bring soaring drug prices back down to earth” by promoting competition among pharmaceutical companies, and he suggested that the government could require drugmakers to disclose prices in their ubiquitous television advertising. But he dropped the popular and populist proposals of his presidential campaign, opting not to have […]

For Medicare enrollees Trump’s drug price plan can’t come soon enough | CNBC

For Medicare enrollees Trump’s drug price plan can’t come soon enough | CNBC

Seventy-eight-year-old Willie Dawson is hoping President Donald Trump makes good on his promise to bring down high drug prices. She has to juggle her bills to pay for the dozen or so medications she takes to treat conditions that include hypertension and chronic obstructed pulmonary disease. “This month alone, it is running me close to […]

Daily on Healthcare:Trump drug price strategy to push generics, pressure foreign countries | Washington Examiner

Daily on Healthcare:Trump drug price strategy to push generics, pressure foreign countries | Washington Examiner

Trump to highlight generic drugs as key to lowering prices. President Trump on Friday will explain how bringing more generic drugs to the market faster can help lower prices for patients, according to his health chief. Health and Human Services Secretary Alex Azar told a Senate Appropriations Committee hearing that the administration’s goals are to […]

Trump plan for drug prices seen largely sparing industry | Reuters

Trump plan for drug prices seen largely sparing industry | Reuters

The speech will address the high prices set by drugmakers, rising costs for consumers and barriers to negotiating lower prices for seniors in the government’s Medicare program, senior White House officials told reporters. Health industry sources briefed on the plans expect the policy proposals to have a relatively modest impact on the healthcare system. They […]

The Price Ain’t Right? Hospital Prices and Health Spending on the Privately Insured | Health Care Pricing Project

The Price Ain’t Right? Hospital Prices and Health Spending on the Privately Insured | Health Care Pricing Project

Abstract: We use insurance claims data covering 28 percent of individuals with employer-sponsored health insurance in the US to study the variation in health spending on the privately insured, examine the structure of insurer-hospital contracts, and analyze the variation in hospital prices across the nation. Health spending per privately insured beneficiary differs by a factor […]

Self-Insurance Is Just the Start, Say Health Plan Innovators | SHRM

Self-Insurance Is Just the Start, Say Health Plan Innovators | SHRM

A Maze of Costs For both fully insured health plans and self-insured plans that use an insurance carrier as the third-party administrator (TPA), “the revenue and profit model is built on costs going up,” said Contorno. Paying brokers a percentage of premiums, typically through the carriers, is part of the problem. The insurance carriers’ view, […]

Alaska Legislature passes bill addressing drug pricing, PBMs | State of Reform

Alaska Legislature passes bill addressing drug pricing, PBMs | State of Reform

The Alaska Legislature has passed House Bill 240, which improves prescription price transparency for patients and includes some guidelines for pharmacy benefit managers (PBMs). Under the bill, patients can now be informed of the lowest available price for their prescription. The bill requires that PBMs provide pharmacies with the methodology and sources used to determine […]