Tag: Price Gouging

Trump’s Drug Blueprint Could Alter PBM Contracting | SHRM

Trump’s Drug Blueprint Could Alter PBM Contracting | SHRM

With much fanfare, President Donald Trump’s administration recently released a 44-page blueprint for executive action on drug pricing titled American Patients First. The blueprint proposes steps to end drug manufacturers’ “gaming” of the regulatory process and to create incentives for pharmaceutical companies to lower list prices. The proposals regarding pharmacy benefit manager (PBM) firms, in […]

Pass pharma discounts onto patients, not ‘highly-paid middlemen’, says expert | thepharmaletter

Pass pharma discounts onto patients, not ‘highly-paid middlemen’, says expert | thepharmaletter

Dr Matthews said: “Price transparency in health care, and especially pharmaceuticals, has become a major policy debate. “But price transparency is a problem in the whole health care system. Try calling a hospital to get a quote for the cost of an appendectomy. At least with prescription drugs, a patient can obtain and compare prices […]

Would requiring drug advertisements to list price tags really help lower prices? | THE BUSINESS TIMES

Would requiring drug advertisements to list price tags really help lower prices? | THE BUSINESS TIMES

IF US President Donald Trump has his way, television viewers who see commercials for the drug Keytruda will learn not only that it can help lung cancer patients, but also that it carries a price tag of US$13,500 a month, or US$162,000 a year. Viewers who see advertisements for Neulasta, a drug that reduces the […]

Requiring Prices in Drug Ads: Would It Do Any Good? Is It Even Legal? | The New York Times

Requiring Prices in Drug Ads: Would It Do Any Good? Is It Even Legal? | The New York Times

WASHINGTON — If President Trump has his way, television viewers who see commercials for the drug Keytruda will learn not only that it can help lung cancer patients, but also that it carries a price tag of $13,500 a month, or $162,000 a year. Viewers who see advertisements for Neulasta, a drug that reduces the […]

Prescription drug prices: 3 ways Trump can drive them lower | WND

Prescription drug prices: 3 ways Trump can drive them lower | WND

“Distributors, called pharmacy benefit managers, have set up their businesses to help provide not only distribution supply chains so these institutions have their medicines but also to try to negotiate big discounts for them,” Turner told WND and Radio America. “There are questions about how much of that money – the discounts – is actually […]

Congress and regulators slow to respond to drug pricing and shortage problem | TheHill

Congress and regulators slow to respond to drug pricing and shortage problem | TheHill

Conversely, unethical pharmaceutical companies continue their practice of price gouging, a naked effort to maximize short-term profits at the expense of patients who desperately need their medications. More than 300 generic drugs had price increases of 100 percent or more between 2010 and 2015, according to a U.S. Government Accountability Office report on Medicare drug […]

Amgen’s Just-Approved Migraine Drug Will Cost $6,900 a Year | Bloomberg

Amgen’s Just-Approved Migraine Drug Will Cost $6,900 a Year | Bloomberg

Renewed political pressure over drug costs has added to the challenge of finding the right price for innovative medications. While drugmakers want to maximize returns on the substantial investment required to develop new therapies, some payers have begun to push back. A pricing misstep helped slow sales of Amgen’s cholesterol fighter Repatha, which failed to […]

From cab to Uber to cab, drivers try to find a way to make a living | Philly

From cab to Uber to cab, drivers try to find a way to make a living | Philly

The legislation legalizing ride-share businesses in Philadelphia allowed cabs also to increase their rates during busy times — which Uber calls surge pricing —  but so far, none has done it, Kirlin said. People in the industry see a consistent rate as an asset that could attract customers, she said. Leventhal noted cab drivers’ training, pointing […]

Senators Focus on Hospital Drug Discount Program | Medpage Today

Senators Focus on Hospital Drug Discount Program | Medpage Today

WASHINGTON — The 340B discount program for prescription drugs used by safety-net hospitals needs better government oversight, several watchdog agency officials said at a Senate hearing. Although the Health Resources and Services Administration (HRSA), which oversees the program, has taken some important steps to improve oversight, “a number of important issues remain,” said Debra Draper, […]

How reconsidering pricing strategy could help save more hepatitis C patients | Becker’s Hospital Review

How reconsidering pricing strategy could help save more hepatitis C patients | Becker’s Hospital Review

Hepatitis C treatment experts are recommending a revised pricing strategy implemented at the state level that could help a greater number of affected patients access the treatment, according to a report published in Annals of Internal Medicine. “These innovative therapies can cure hepatitis C, but the high costs put them out of reach for the […]