OnDemand WTP Pricing Research

Tag: Price Gouging

Could drug-price transparency raise prices? These lobbyists and lawmakers think so | MarketWatch

Could drug-price transparency raise prices? These lobbyists and lawmakers think so | MarketWatch

As Washington tries to address soaring drug prices, even efforts to just bring more transparency to the state of affairs aren’t a slam dunk. At a House subcommittee hearing on Tuesday, interest groups and Republican lawmakers voiced concerns about bills promising more sunshine. In testifying about the Public Disclosure of Drug Discounts Act, a representative […]

The global battle over high drug prices | Costly medicines

The global battle over high drug prices | Costly medicines

THESE DAYS it is hard to find a government that is not struggling with the high price of medicines. In England, the government is fighting Vertex, a drug company, over the cost of a drug for cystic fibrosis, Orkambi. In America, diabetics have died because of the high cost of insulin. In the Netherlands, the […]

Global insurance prices rise at fastest pace in seven years | The Actuary

Global insurance prices rise at fastest pace in seven years | The Actuary

The Global Insurance Market Index shows that average commercial insurance prices rose by 3% between January and March, marking the sixth consecutive quarter of increases. And composite pricing grew in all regions for the second quarter running, which Marsh said was driven by rate changes in property and directors and officers (D&O) insurance. The Pacific […]

AB InBev Beer Pricing Fine Exposes Problem With EU Market | Bloomberg

AB InBev Beer Pricing Fine Exposes Problem With EU Market | Bloomberg

If you’ve ever wondered why beer prices diverge so widely across Europe — from as little as 60 euro cents ($0.67) for a half-liter bottle of a local brew in the Czech Republic to 2.1 euros and more in Ireland — the European Commission’s decision this week to fine Anheuser-Busch InBev NV provides an important answer. […]

Employers Cut Health Plan Costs with Reference-Based Pricing | SHRM

Employers Cut Health Plan Costs with Reference-Based Pricing | SHRM

he U.S. health care system is notorious for its lack of price transparency. Some self-insured employers are responding by using reference-based pricing (RBP) with doctors and hospitals—in effect, setting their own prices for health care services. RBP is a cost-containment strategy that pays doctors, labs, clinics and hospitals a percentage of an established benchmark. Most […]

Small PBMs urge Congress: Don’t kill rebates | Healthcare Dive

Small PBMs urge Congress: Don’t kill rebates | Healthcare Dive

PBMs, the largest of which are now owned by payers like Cigna and UnitedHealth Group, have long argued rebates are an important tool to lowering prices. PBMs use their size (the number of members they cover) to negotiate rebates or discounts with drug manufacturers. Drug manufacturers want their drugs easily accessible to the greatest amount […]

Pentagon hunting for other instances of price gouging in wake of damning spare parts audit [Podcast] | Federal News Network

Pentagon hunting for other instances of price gouging in wake of damning spare parts audit [Podcast] | Federal News Network

The Defense Department said it is implementing a series of steps meant to detect and deter price gauging by its contractors. It’s responding, in part, to an investigation that found one of its largest spare parts suppliers routinely overcharged the military, often by four-digit margins.For starters, DoD has ordered the top officials within each of […]

No more gas price gouging says Windsor MP | Blackburn News

No more gas price gouging says Windsor MP | Blackburn News

The MP for Windsor West is demanding more protection for consumers who are being gouged at the gas pump. Brian Masse wants the federal government to restore the Gas Price Monitoring Agency and brought up the issue during Question Period in Ottawa Thursday afternoon. “Mr. Speaker, with gas prices soaring once again nothing protects Canadians from […]

Drug Prices In TV Ads: How Transparent Are They? | Forbes

Drug Prices In TV Ads: How Transparent Are They? | Forbes

A website launched by pharmaceutical giant Eli Lilly earlier this year leads with a daunting statement about the price of its diabetes drug Trulicity: “Drug prices can be confusing,” it says. That’s for sure, and thanks to a new mandate from the Trump administration, consumers could find themselves even more confused. The U.S. Centers for […]

GoodRX: App has saved Americans more than $10 billion on prescriptions | CNBC

GoodRX: App has saved Americans more than $10 billion on prescriptions | CNBC

Back in 2010 Doug Hirsch, a techie who has worked at Facebook and Yahoo, had a frustrating experience trying to pick up a prescription. He went to a big chain pharmacy in Los Angeles and was told — to his dismay — that his prescription would cost $450. An experienced shopper, Hirsch decided to do […]