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Tag: rebates

Rebate rule good only for Big Pharma | San Antonio Express-News

Rebate rule good only for Big Pharma | San Antonio Express-News

As a pharmacist for 40 years in San Antonio, I have seen the impact rising prescription drug prices have on patients. Drug prices have soared over the last two decades, which has put untold financial stress and added health complications onto thousands of Texas families and seniors. Too often, patients will hand their medications back […]

States Call for Transparency From PBMs Following Report About Spread Pricing | BioSpace

States Call for Transparency From PBMs Following Report About Spread Pricing | BioSpace

Days after a Scripps Research study supported the argument that the rebate system controlled in part by Pharmacy Benefits Managers (PBMs) has led to an increase in higher drug prices, some state governments are now moving toward greater regulation of the industry. Massachusetts and some other states are pursuing action to increase oversight of PBMs […]

International Pricing Index for Medicare Part B Drugs | The Incidental Economist

International Pricing Index for Medicare Part B Drugs | The Incidental Economist

The Centers for Medicare & Medicaid Services (CMS) has proposed the International Pricing Index (IPI) model as a way of addressing the rising costs of prescription drugs for Medicare beneficiaries. What is it and how would it work? First some background: How is Medicare’s drug coverage currently structured? Medicare offers prescription drug coverage to its […]

How to bring down the high cost of prescription drugs now | missoulian

How to bring down the high cost of prescription drugs now | missoulian

Americans pay the highest brand-name drug prices in the world while drug companies rake in billions. Congress, the administration and Montana state legislators must take action to lower prescription drug prices. In March, AARP launched a nationwide campaign urging federal and state policymakers to “Stop Rx Greed” by cracking down on price-gouging. AARP’s goal is […]

A $2.1 Million Drug Price Record Is Made to Be Broken | The Washington Post

A $2.1 Million Drug Price Record Is Made to Be Broken | The Washington Post

The record $2.1 million price tag for Novartis AG’s gene therapy Zolgensma – a one-time treatment for a deadly childhood disease that was approved by the Food and Drug Administration on Friday – evokes two very different responses. Critics see out-of-control pricing behavior. Supporters say the sticker-shocked are ignoring the creation of a possible cure for a disease that kills children before their second […]

WHO Adopts Weakened Resolution on Drug Price Transparency | RAPS

WHO Adopts Weakened Resolution on Drug Price Transparency | RAPS

The World Health Organization (WHO) on Tuesday adopted a resolution to urge countries to publicly share the net prices of health products and the costs of clinical trials. The resolution, adopted after three weeks of negotiations, also calls on United Nations member countries to better facilitate the public reporting of patent status information and marketing […]

Rebate elimination won’t lower list prices | POLITICO

Rebate elimination won’t lower list prices | POLITICO

CBO PREDICTS LIST PRICES WON’T DROP UNDER REBATE RULE — Drug manufacturers aren’t likely to lower list prices if the Trump administration finalizes its proposal to eliminate manufacturer rebates to pharmacy benefits managers in Medicare and Medicaid, a new CBO analysis concludes. The administration has argued that eliminating rebates should lead to lower list prices, […]

Hospitals May Have To Report Prices Negotiated With The Insurers | TricksTrend

Hospitals May Have To Report Prices Negotiated With The Insurers | TricksTrend

As per some reliable sources, the Trump administration has proposed a rule where the hospitals need to publicize the negotiated prices with the insurers. The decision intends to promote price transparency and allows customers to benefit from healthcare services. The Director of outreach and public affairs quoted that it is a huge step towards true […]

Hospital price lists not a ‘silver bullet,’ but first step toward empowering patients | cleveland.com

Hospital price lists not a ‘silver bullet,’ but first step toward empowering patients | cleveland.com

CLEVELAND, Ohio – A recent requirement for more transparency in hospital pricing could be the first step in transforming the healthcare industry into a consumer-driven one, making shopping for a procedure more like buying a house or a car. Under new federal regulations, hospitals have to post a list of service prices, called chargemasters, on […]

San Antonio Hospitals’ Price Lists May Leave Consumers With More Questions Than Answers | Rivard Report

San Antonio Hospitals’ Price Lists May Leave Consumers With More Questions Than Answers | Rivard Report

You need your knee replaced and want to know how much it’s going to cost. Price information is out there, but deciphering it may not be easy. To comply with a new federal law, San Antonio hospitals have posted the prices for services and procedures for everything from a semi-private room to surgical screws to […]