Tag: Transparent Pricing

California shows Trump a thing or two about cutting drug costs | thepharmaletter

California shows Trump a thing or two about cutting drug costs | thepharmaletter

Apparently as a result of the law coming into effect, Switzerland’s Novartis (NOVN: VX) and Roche (ROG: SIX), as well as Gilead Sciences (Nasdaq: GILD) and Novo Nordisk (NOV: N), have either cancelled or reduced planned price increases for over 10 different products. … Lawyers for the industry said the proposal would dictate national healthcare […]

Why putting drug prices in ads is a bad idea | STAT

Why putting drug prices in ads is a bad idea | STAT

When the Trump administration released its blueprint for lowering drug prices a couple months ago, it floated a trial balloon: What if we required manufacturers to include drug prices in direct-to-consumer advertising? It’s unclear if the intent of doing that is to make prices more transparent to consumers, to “shame” manufacturers into lowering prices, to […]

Caving to pressure, Pfizer delays price hikes | BenefitsPRO

Caving to pressure, Pfizer delays price hikes | BenefitsPRO

Pfizer Inc. agreed to delay implementation of planned price increases for certain drugs a day after President Donald Trump launched an attack on the company, saying it should be “ashamed” of the move. Trump said on Tuesday evening that the New York-based company would be “rolling back price hikes” after he spoke with its chief […]

The Car Dealership As An Omnichannel Seller | PYMNTS.com

The Car Dealership As An Omnichannel Seller | PYMNTS.com

Car dealers and auto groups want to put their vehicles on the information superhighway – and for good reason: According to a report from Bain & Company, nearly half of car buyers begin their process online. And consumers may prefer car dealerships that offer eCommerce options: Seven out of 10 consumers are more likely to […]

Drugmakers Cancel Price Hikes After California Law Takes Effect | Bloomberg

Drugmakers Cancel Price Hikes After California Law Takes Effect | Bloomberg

A handful of the world’s biggest drugmakers are canceling or reducing planned price increases in the U.S., following a new California drug pricing transparency law and continued political pressure over pharmaceutical costs. The California law, which began to take effect earlier this year, requires drugmakers to give insurers, governments and drug purchasers advance notice of […]

Amazon already undercutting prices on over-the-counter pills | The Star Online

Amazon already undercutting prices on over-the-counter pills | The Star Online

NEW YORK: As pharmacy chains await Amazon.com Inc’s entry into the prescription-drug market, the online retail giant is already undercutting them for non-prescription medicine for aches, colds and allergies. Median prices for over-the-counter (OTC), private-brand medicine sold by Walgreens Boots Alliance Inc and CVS Health Corp were about 20% higher than Basic Care, the OTC […]

Drug prices rise, as pharma prospers from tax law, group argues | STAT

Drug prices rise, as pharma prospers from tax law, group argues | STAT

WASHINGTON — A tax policy group here is trying to rally outrage over last year’s Republican-backed tax cut by pointing to one of its main beneficiaries: the pharmaceutical industry. Americans for Tax Fairness, a coalition of left-leaning groups that advocate for placing a heavier tax burden on corporations and the wealthy, said in a report […]

Pfizer’s Logical Approach to Price Increases | Strategic Pricing Solutions

Pfizer’s Logical Approach to Price Increases | Strategic Pricing Solutions

Last week Pfizer announced increases in the list prices of more than 40 drugs for the second time within the year.  The increases average 9.4%.  Although there could be some political backlash, the pricing strategy is logical.  Pfizer is recognizing their pricing power, they are incorporating buyer psychology into their process, and they are taking […]

What Does a Drug Cost? It Depends on Where You Live | The New York Times

What Does a Drug Cost? It Depends on Where You Live | The New York Times

What you pay at the pharmacy for generic drugs can vary widely based on where you live, according to a new analysis by the consumer website GoodRx. The study, which looked at 500 commonly used drugs in 30 American cities, highlights just how unpredictable drug prices can be. The cost of common drugs like the […]

Hospitals may face more pricing restrictions: Icra | The Economic Times

Hospitals may face more pricing restrictions: Icra | The Economic Times

MUMBAI: Regulatory overhang on the hospitals sector is likely to persist, with further pricing restriction expected on products and servicesNSE -1.30 % in the future, according to rating agency IcraNSE 0.45 %. The hospitals sector has been under the regulatory scanner lately with the National Pharmaceutical Pricing Authority (NPPA) announcing price caps on stents last […]