Tag: Strategic Pricing

States Stepping into the Breach on Drug-Pricing Transparency | Lexology

States Stepping into the Breach on Drug-Pricing Transparency | Lexology

In recent months President Trump, Food and Drug Administration Commissioner Scott Gottlieb, and Health and Human Services Secretary Alex Azar have all spoken publicly about the need to lower prescription drug prices and make the pricing models used by the nation’s drug manufacturers more transparent to consumers.  While at the federal level there has been […]

Trump plans first major speech on drug prices next week | POLITICO

Trump plans first major speech on drug prices next week | POLITICO

President Donald Trump is set to deliver his first major speech on drug prices on April 26, revisiting an issue he campaigned on but that is unlikely to yield major legislative changes. The strategy is unlikely to call for actions of the sort Trump touted on the campaign trail like allowing the government to negotiate […]

Three Big Reasons U.S. Healthcare Spending Outpaces Other High-Income Countries | Managed Healthcare Executive

Three Big Reasons U.S. Healthcare Spending Outpaces Other High-Income Countries | Managed Healthcare Executive

Key finding #2: Per capita spending for pharmaceuticals was $1,443 in the United States, compared with a range of $466 to $939 in other nations. For several commonly used brand-name pharmaceuticals, the United States had substantially higher prices than other countries. According to a Kaiser Family Foundation report, the United States is the world leader […]

Senate Republicans continue push for low, transparent pricing in health care | MNSRC

Senate Republicans continue push for low, transparent pricing in health care | MNSRC

Two of the proposals require health care providers and health insurance plans to provide clear cost estimates to consumers. S.F. 3480 allows consumers to request a good faith estimate for expected services, which health care providers and health insurance plans are required to provide within ten days. S.F. 3033 requires health care providers to publicly […]

This Medical Bill Can’t Be Right, Can It? | Medscape

This Medical Bill Can’t Be Right, Can It? | Medscape

Cutting the Cost of Care A recent study in JAMA[1] revealed that the high cost of healthcare in the United States is largely related to the price of labor (higher physician and nurse salaries) and goods (including pharmaceuticals and medical devices), more utilization of expensive CT and MRI scans, and higher administrative costs. The healthcare […]

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 […]

PM Modi bats for responsible energy pricing by oil producing countries | Business Standard News

PM Modi bats for responsible energy pricing by oil producing countries | Business Standard News

At a time when global oil prices have been on the boil, Prime Minister (PM) Narendra Modi has asked the oil producing countries to adopt “responsible pricing”. “We need to move towards responsible pricing that will balance the interest of producers and consumers,” Modi said, in his inaugural address at the 16th International Energy Forum […]

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. […]