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Tag: Pricing Analytics

White House vets foreign drug pricing idea; Trump creates Right to Try confusion | S&P Global Market Intelligence

White House vets foreign drug pricing idea; Trump creates Right to Try confusion | S&P Global Market Intelligence

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 […]

Merck CEO sees legal challenge if U.S. adopts drug pricing based on other countries | Reuters

Merck CEO sees legal challenge if U.S. adopts drug pricing based on other countries | Reuters

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 […]

Harnessing Big Data For Better Pricing Results | Professional Pricing Society

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, […]

Big physician network signs onto state treasurer’s pricing program | Laurinburg Exchange

Big physician network signs onto state treasurer’s pricing program | Laurinburg Exchange

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 […]

Consumer-Focused Pricing Strategies Lacking | HealthLeaders Media

Consumer-Focused Pricing Strategies Lacking | HealthLeaders Media

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 […]

House Democrats’ internal feud over prescription drug prices, explained | Vox

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. […]

Patients agree with list prices in drug ads—even if they don’t like them, survey finds | FiercePharma

Patients agree with list prices in drug ads—even if they don’t like them, survey finds | FiercePharma

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 […]

Senate Judiciary Committee plans markup of drug pricing bill this month | TheHill

Senate Judiciary Committee plans markup of drug pricing bill this month | TheHill

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 […]

Pelosi to change drug-pricing plan after progressive complaints | TheHill

Pelosi to change drug-pricing plan after progressive complaints | TheHill

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 […]

The $2.1 Million Question: What Are The Medical, Ethical Implications Of The World’s Priciest Drug? | Forbes

The $2.1 Million Question: What Are The Medical, Ethical Implications Of The World’s Priciest Drug? | Forbes

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 […]