Tag: Price Transparency

Senator says pharma should’ve cut prices with tax savings, but many companies went the other way | FiercePharma

Senator says pharma should’ve cut prices with tax savings, but many companies went the other way | FiercePharma

Booker’s staff researched the top 10 U.S. drug companies by 2016 pharma sales: Pfizer, Merck, Johnson & Johnson, Gilead Sciences, AbbVie, Amgen, Bristol-Myers Squibb, Eli Lilly, Celgene and Mylan. The team reviewed fourth-quarter conference call transcripts and found that many pharma executives discussed pricing generally or acknowledged that patients struggle with costs, but that none discussed plans […]

Insurers look to pass drug price breaks straight to consumer | Chicago Tribune

Insurers look to pass drug price breaks straight to consumer | Chicago Tribune

Some major health insurers plan to take a little sting out of prescription drug prices by giving customers rebates at the pharmacy counter. Aetna and UnitedHealthcare both say they will begin passing rebates they get from drugmakers along to some customers starting next year. They could spark a trend: The idea has been championed by […]

CVS To Compare Drug Prices At The Pharmacy Counter | Forbes

CVS To Compare Drug Prices At The Pharmacy Counter | Forbes

CVS Health will introduce a new effort to help customers compare drug prices for more transparency at its pharmacy counters, ratcheting up pressure on the pharmaceutical industry and drug costs. Pharmacists have long advised patients on whether a drug is covered by insurance or whether a cheaper generic is available. But CVS admits a more […]

New Amazon Conglomeration Means Healthcare Players Must Adapt to Price Transparency or Face Extinction | Markets Insider

New Amazon Conglomeration Means Healthcare Players Must Adapt to Price Transparency or Face Extinction | Markets Insider

For some industry players, the writing is on the wall. Some insurance brokers have already adopted a payment model that pays them based on how much money they save companies rather than collecting a percentage of every premium. And bill collection agencies already in-house at hospitals are making the switch to other customer service occupations. […]

Fairview grad named to Trump administration post | GoErie.com

Fairview grad named to Trump administration post | GoErie.com

Dan Best, a 1987 graduate of Fairview High School, has long had an interest in controlling drug prices. The 49-year-old son of Ted and Marilyn Best now has a big platform to explore that interest. Health and Human Services Secretary Alex Azar on Friday named Best, most recently a CVS Caremark executive, to serve as […]

Our view: Records shouldn’t come with a price tag | Gloucester Times

Our view: Records shouldn’t come with a price tag | Gloucester Times

In Massachusetts, the fee schedule for records featured prominently in a recent rewrite of the state’s open record laws. City and town clerks, and their advocates at the Massachusetts Municipal Association, lobbied for the authority to charge for their time. As a result, in addition to the 5 cents per page allowed by law, someone […]

CVS Health Kept Drug Price Growth Nearly Flat and Improved Medication Adherence for PBM Clients in | CVSHealth

CVS Health Kept Drug Price Growth Nearly Flat and Improved Medication Adherence for PBM Clients in | CVSHealth

Although manufacturer-driven price inflation for specialty drugs measured 8.3 percent in 2017, CVS Health was able to keep specialty drug cost growth at just 3.7 percent for clients. This was achieved through effective formulary strategies, indication- and outcomes-based contracting and cost-cap based rebates. CVS Health also offers PBM clients a variety of formulary strategies, which […]

Price Transparency Strategy Needs Improvement | MedScape

Price Transparency Strategy Needs Improvement | MedScape

Although patients support healthcare price shopping in theory, few are doing it, dampening hopes that price transparency alone will drive down escalating healthcare costs, say authors of a health policy report published online April 4 in the New England Journal of Medicine. Ateev Mehrotra, MD, MPH, from Harvard Medical School, Boston, Massachusetts, and colleagues note […]

Killing Car Dealership Business With Faulty Pricing? Here’s a Fix | WardsAuto

Killing Car Dealership Business With Faulty Pricing? Here’s a Fix | WardsAuto

How to Tell If Your Online Pricing Strategy Is Killing Your Business The customer must trust that the posted price is a real price. Does your Internet sales team use one-pricing strategy, but your showroom team use a different one? If so, this is a red flag. In today’s transparent economy, customers expect consistency between […]

Steps taken by the Government to bring transparency in fixing prices of essential medicines | Business Standard

Steps taken by the Government to bring transparency in fixing prices of essential medicines | Business Standard

In order to have transparency, a draft version of the Price Calculation Sheets for the proposed revised price notifications, including wherever applicable, the Price to Retailer (PTR) and Moving Annual Turnover (MAT) values adopted for calculations, is uploaded on the website of NPPA for 10 clear working days to invite comments from the affected pharmaceutical […]