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Tag: pricing transparency

Pentagon hunting for other instances of price gouging in wake of damning spare parts audit [Podcast] | Federal News Network

Pentagon hunting for other instances of price gouging in wake of damning spare parts audit [Podcast] | Federal News Network

The Defense Department said it is implementing a series of steps meant to detect and deter price gauging by its contractors. It’s responding, in part, to an investigation that found one of its largest spare parts suppliers routinely overcharged the military, often by four-digit margins.For starters, DoD has ordered the top officials within each of […]

Drug Prices In TV Ads: How Transparent Are They? | Forbes

Drug Prices In TV Ads: How Transparent Are They? | Forbes

A website launched by pharmaceutical giant Eli Lilly earlier this year leads with a daunting statement about the price of its diabetes drug Trulicity: “Drug prices can be confusing,” it says. That’s for sure, and thanks to a new mandate from the Trump administration, consumers could find themselves even more confused. The U.S. Centers for […]

GoodRX: App has saved Americans more than $10 billion on prescriptions | CNBC

GoodRX: App has saved Americans more than $10 billion on prescriptions | CNBC

Back in 2010 Doug Hirsch, a techie who has worked at Facebook and Yahoo, had a frustrating experience trying to pick up a prescription. He went to a big chain pharmacy in Los Angeles and was told — to his dismay — that his prescription would cost $450. An experienced shopper, Hirsch decided to do […]

Texas Moves to Bring Clarity to Drug Pricing | Public News Service

Texas Moves to Bring Clarity to Drug Pricing | Public News Service

Will more transparency about drug pricing help drive down costs for Texas consumers, or add expenses for the drug companies that have to comply? (Gang/Adobe Stock) AUSTIN, Texas – Texas lawmakers are showing overwhelming support so far for legislation that AARP says would be one of the strongest drug-price transparency measures in the country. House […]

A new study sparks a war of words over pharma’s commitment to research | STAT

A new study sparks a war of words over pharma’s commitment to research | STAT

WASHINGTON — A coalition of the drug industry’s fiercest foes is accusing the world’s top drug makers of hiding behind research and development “as an excuse for price-gouging American patients.” And they’re pointing to a new study that finds drug makers spent about 22% of their revenues on research and development in 2017 to prove […]

Coalition abandons milk price index, after it fails to deliver on promise | The Australian Dairyfarmer

Coalition abandons milk price index, after it fails to deliver on promise | The Australian Dairyfarmer

The Coalition Government has abandoned its troubled retrospective Milk Price Index. The index was a key 2016 election promise by then deputy prime minister Barnaby Joyce in response to the 2015 retrospective milk price cuts. But it was dogged by delays and faced criticism from farmers when launched on not delivering on its promise. The […]

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 […]

Defining Your Value: It’s Time to Change the Conversation | Printing Impressions

Defining Your Value: It’s Time to Change the Conversation | Printing Impressions

A business is defined by the value it creates for its customers. Your price speaks volumes about your value proposition, more so than any other component of your firm’s marketing. As print/marketing services firms build out portfolios of value-added services, they frequently undervalue their offerings. Players in the printing industry have historically had a manufacturing […]

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 […]

Girl’s $143,000 bill for snakebite treatment reveals antivenin price gouging | Ars Technica

Girl’s $143,000 bill for snakebite treatment reveals antivenin price gouging | Ars Technica

Snakebites can be painful and scary. But they may seem like weak nips after the hospital’s billing department sinks their teeth in. Emergency treatment for a copperhead bite in a 9-year-old Indiana girl last summer cost a jaw-dropping $142,938, according to a report by Kaiser Health News. The bill includes $67,957 for four vials of […]