OnDemand WTP Pricing Research

Tag: Drug Pricing

President Addresses Surprise Medical Billing, Patient Protections | Patient Engagement HIT

President Addresses Surprise Medical Billing, Patient Protections | Patient Engagement HIT

May 13, 2019 – The healthcare industry has renewed its commitment to address surprise medical billing, with the White House and key industry leaders asserting a need for policy to end the practice. Surprise medical bills are healthcare charges that a patient did not expect, or did not expect to be so high. Patients often incur […]

Nevada joins other states in drug price-fixing lawsuit | Las Vegas Review-Journal

Nevada joins other states in drug price-fixing lawsuit | Las Vegas Review-Journal

Nevada Attorney General Aaron Ford has signed on to a lawsuit filed by 42 states and Puerto Rico against a long list of pharmaceutical companies, alleging price fixing and market manipulation that artificially increased costs for dozens of common generic drugs nationwide. The lengthy complaint names drugmakers including Teva Pharmaceuticals USA Inc., Pfizer Inc., Breckenridge […]

HHS Finalizes Direct-to-Consumer Ad Drug Price Transparency Rule | Patient Engagement HIT

HHS Finalizes Direct-to-Consumer Ad Drug Price Transparency Rule | Patient Engagement HIT

May 08, 2019 – HHS has finalized its rule requiring drug manufacturers to disclose drug prices within direct-to-consumer advertisements, a move that comes with the agency’s efforts to improve price transparency and tackle high out-of-pocket patient drug costs. Drug manufacturers will be required to disclose the list price – the cost of the drug before health […]

New proposal would allow patients to compare health care prices via smartphone | BenefitsPRO

New proposal would allow patients to compare health care prices via smartphone | BenefitsPRO

Federal officials are proposing new regulations that for the first time could allow patients to compare prices charged by various hospitals and other health care providers using data sent to their smartphones. Donald Rucker, who coordinates health information technology policy for the Department of Health and Human Services, said he expects that the rules, first […]

Trump finalizes rule to require drug prices in TV ads | POLITICO

Trump finalizes rule to require drug prices in TV ads | POLITICO

The Trump administration finalized a rule Wednesday that requires drugmakers to disclose prices in television ads, despite skepticism the move will lower the high cost of drugs and concerns that sticker shock will frighten patients into going off their medications. Under the rule, which takes effect in 60 days, manufacturers must list a product’s monthly […]

GOP senators warn drug price controls could come | Modern Healthcare

GOP senators warn drug price controls could come | Modern Healthcare

Two Republican senators on Tuesday issued sharp warnings to the pharmaceutical industry about price controls. The GOP-led Senate Judiciary Committee hearing on Tuesday showed that the Trump administration’s idea of an international reference model, aimed at just a subset of Medicare drugs, has transformed at least some Republican thinking on the drug-pricing policy debate. The […]

First, a pricing scandal for Catalyst’s Firdapse. Next, off-label competition? | FiercePharma

First, a pricing scandal for Catalyst’s Firdapse. Next, off-label competition? | FiercePharma

For decades, Jacobus Pharmaceuticals gave away the unapproved drug amifampridine to patients with a rare neuromuscular disorder called LEMS. Then, Catalyst Pharma licensed certain rights to the drug, scored an FDA nod, and priced the med at $375,000 a year. An outcry ensued. But now, the FDA may have given patients a workaround. Jacobus won approval Monday […]

Medicare could save $73B by matching drug prices of other countries, study says | Becker’s Hospital Review

Medicare could save $73B by matching drug prices of other countries, study says | Becker’s Hospital Review

By using external reference pricing to match U.S. drug prices to those in Japan, the U.K. or Canada,  Medicare could have saved nearly $73 billion in 2018, according to a new study published in Health Affairs. Five things to know: 1. For the study, researchers analyzed 79 medicines that Medicare Part D spent the most on […]

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, […]

Local ERs eye legislation to address fee transparency | Austin American-Statesman

Local ERs eye legislation to address fee transparency | Austin American-Statesman

Local providers mixed on HB 2041 In western Travis County, emergency rooms are split over the legislation moving forward. Tammy Smittle, CEO of The Hospital at Westlake Medical Center CEO, said the bill promotes price transparency, making it a “win” for patients. Her hospital is an independent, full-service facility owned by physicians. “Healthcare is becoming […]