Health and Human Services has sent its proposal to test an international drug pricing index model to the White House Office of Management and Budget for review, signaling the administration is serious about pursuing the idea. The administration in October 2018 initially issued an advance notice of proposed rulemaking — a bureaucratic mechanism used to […]
NEW YORK (Reuters) – Merck & Co Chief Executive Ken Frazier said on Thursday a rule to base the price the U.S. government pays for some prescription drugs in it Medicare program on lower prices in other countries would face legal challenges if adopted. FILE PHOTO: Ken Frazier, Chairman and CEO, Merck & Co., speaks […]
RALEIGH — State Treasurer Dale Folwell has reeled in a big fish. With a deadline just 13 days away, Community Care Physician Network, North Carolina’s largest network of independent physician clinics, announced Monday it signed on to the State Health Plan’s cost-cutting Clear Pricing Project. Community Care Physician Network is associated with 2,500 primary care […]
A new report shows 12% percent of organizations offer no pricing transparency options at all. Hospitals and health systems are neglecting price transparency and market-driven pricing strategies, finds a survey of more than 200 executives. Kaufman Hall’s report, 2019 State of Consumerism in Healthcare: The Bar Is Rising, finds that 12% percent of organizations offer […]
HHS SUED OVER DRUG-PRICE RULE — Drugmakers and advertisers on Friday sued the agency over requirements that list prices be included in direct-to-consumer drug ads, saying the rule violated their freedom of speech and could discourage patients from taking needed medicines. — What pharma companies and ad makers allege: Merck, Eli Lilly, Amgen and the […]
/cdn.vox-cdn.com/uploads/chorus_image/image/64015700/1153884567.jpg.0.jpg "House Democrats’ internal feud over prescription drug prices, explained | Vox")
The United States has some of the highest prescription drug prices in the world, and this summer, Democratic House leadership will unveil a plan to fix that — though questions remain about just how effective this measure will be. Reducing prescription drug prices was a key plank of House Democrats’ platform during the 2018 midterms. […]
Politicians, trade groups, lobbyists and even doctors have weighed in on the new Trump administration rule requiring drug list prices in TV ads. But what do patients think? Thumbs up, mostly, according to a survey by WeGo Health. The company checked in with 550 influential patients and found the majority value drug price transparency and the new […]
The Senate Judiciary Committee is planning a markup of legislation to lower drug prices this month, Sen. Lindsey Graham (R-S.C.), the panel’s chairman, told The Hill on Wednesday. The action from the Judiciary Committee is a sign of the movement on the issue of drug pricing in both parties, which could provide Congress with a […]
Speaker Nancy Pelosi (D-Calif.) is making changes to her drug pricing plan after complaints from the Congressional Progressive Caucus (CPC). Pelosi told lawmakers, including the heads of the Progressive Caucus, during a private meeting Wednesday night that she had heard their complaints. The CPC chairpeople, Reps. Mark Pocan (D-Wis.) and Pramila Jayapal (D-Wash.), had been […]
With last month’s FDA approval, Zolgensma became the world’s most expensive medication. Priced at $2.125 million per patient, the one-dose gene therapy is a potential life-saver for children with spinal muscular atrophy (SMA). Now, the treatment is at the center of an intensifying debate over the rising price of medications. Industry watchdogs are outraged. They […]
PND is a digest of pricing focused news, thought leadership, events, jobs, training and certification resources for pricing professionals. This Edition is brought to you by: Professional Pricing Society Currently, PPS produces three major annual pricing conferences in Europe and North America. Each conference also houses a technology hall where sponsors display the latest in Pricing […]
This Week in Pricing > 6/22/19
TWIP is a digest of pricing focused news, thought leadership, events, jobs, training and certification resources for pricing professionals. This Edition is brought to you by: The Perfect Price AI platform makes millions of pricing decisions for forward-thinking companies around the world. Our cloud-based service allows customers to quickly anticipate and react to changes in demand in […]
MTA And City Move Forward On Congestion Pricing | Gothamist
The MTA and the city’s Department of Transportation (DOT) are moving forward with preparations for implementing congestion pricing. For now, that means issuing a “Memorandum of Understanding” (MOU) on what the next steps are to get the program up and running. This is so both agencies are on the same page when it comes to […]
Harnessing Big Data For Better Pricing Results | Professional Pricing Society
Pricing strategies, like big data, can be key to improving profits in business. According to a study conducted by McKinsey & Company, even a 1 percent price increase can translate into an 8.7 percent boost in operating profits (assuming no loss of volume). However, companies continue to fail to price their products and services appropriately, […]
Alcohol sales in Scotland fall to all-time low in 2018 | HeraldScotland
ALCOHOL sales in Scotland fell to an all-time low in the year that minimum pricing came into force. The latest data, for 2018, reveals that adults in Scotland are now consuming less alcohol than they have since records began in 1994. Teenagers are also less likely than ever to have tried alcohol, with the percentage […]
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