The Latest News about prescription drug prices

Sens. Chuck Grassley and Ron Wyden rolled out their drug pricing reform package Tuesday, and they say it will save the federal government $85 billion over the next decade by capping drugmakers’ price hikes in Medicare. “Pharmaceutical companies play a vital role in creating new and innovative medicines that save and improve the quality of millions of American lives, but ...

A federal judge put a last-minute block on the Trump administration’s rule forcing drug companies to include prices in television ads Monday night. “To be sure, the costs imposed by the …  Rule amount to a rounding error for the pharmaceutical industry,” Judge Amit Mehta wrote in his ruling according to Stat News. “But that argument misses the point. It ...

We should also require drug companies, insurance companies, and hospitals to disclose real prices to foster competition and bring costs down. President Trump signed an executive order on healthcare pricing Monday afternoon. Watch: “President Donald J. Trump is delivering on his promise to bring more healthcare price and quality transparency for American patients,” the White House said in a statement. ...

Three major pharmaceutical companies sued the Trump administration in federal court Friday over the administration’s rule requiring the companies to disclose drug prices in television ads. Merck, Eli Lilly and Amgen plus an advertising trade association say the rule, which is set to go into effect this summer, could encroach on free speech, reported Bloomberg. “Not only does the rule ...

Florida’s House and Senate passed a bill allowing the state to import prescription drugs from Canada. Real life “Narcos” DEA Agents Steve Murphy And Javier Pena said the law puts citizens at risk, and will flood the market with counterfeit medication. Proponents of the measure argue it will lower prescription drug costs for Floridians. Retired Drug Enforcement Administration special agents ...

Critics of America’s current drug payment system say middlemen called pharmacy benefit managers are jacking up prices. They’re questioning why AARP, which is tied to a really big middleman organization, opposes a Trump administration rule that could help seniors. AARP has defined itself “as being for kickbacks that are costing the American patient money at the pharmacy counter,” Practicing Physicians ...

Drug prices are set to be included in television ads as early as this summer after the Trump administration finalized the proposal Tuesday. “Requiring the inclusion of drugs’ list prices in TV ads is the single most significant step any administration has taken toward a simple commitment: American patients deserve to know the prices of the healthcare they receive,” said ...

The White House and House Speaker Nancy Pelosi’s staff are testing out a partnership to fight high drug prices for a domestic policy win, White House sources said according to Politico Tuesday. The staff-level talks are being overseen by Domestic Policy Council Director Joe Grogan and the Department of Health and Human Services. Pelosi health policy staffer Wendell Primus is ...

Republican Iowa Sen. Chuck Grassley reminded seven pharmaceutical company executives that drug list prices matter to patients during a Senate Finance Committee hearing on drug prices Thursday. “For a patient taking a drug that has no competition, the list price becomes very important,” committee chairman Grassley said according to NPR. “I’ve heard about people skipping doses of their prescription drugs ...

Drug companies raised prices on approximately one-third of the nearly 120 drugs classified as currently or recently in shortage after the shortages began, according to a Wall Street Journal report published Friday. Many of the drugs seeing big price hikes are low-cost prescription medicines that have been on the markets for years, like valsartan. It’s a blood pressure medication available ...

Democratic Sen. Elizabeth Warren introduced legislation on Tuesday that would establish a government-run pharmaceutical manufacturer to effectively compete with the private market. The Affordable Drug Manufacturing Act seeks to address the increasing prices of prescription drugs by injecting competition into the marketplace, consequently lowering the cost of mass-produced generic drugs. Warren contended that by creating a government agency, called the ...

Almost 75 percent of consumers would change pharmacies to save money, yet the majority of physicians do not provide price information Nearly half of consumers have abandoned a medication prescribed by their physician because it was too expensive, according to a survey released today by DrFirst, the nation’s leading provider of e-prescribing and patient medication management solutions. At a time when the ...

President Donald Trump delivers remarks on the efforts his administration is making to lower prescription drug prices. The event is scheduled to begin at 2:00 p.m. EDT at the Department of Health and Human Services. Live Stream of President Trump’s Remarks on Drug Pricing

Drug prices, on the whole, looked much better in August than they did in July, which may be due in part to President Donald Trump’s critiques of the pharmaceutical industry, according to a Wells Fargo report on monthly drug prices.

President Donald Trump delivers a speech Friday afternoon in the Rose Garden where he will lay out an initiative to lower pharmaceutical drug prices. Transcript THE PRESIDENT:  Thank you very much.  Thank you.  Please.  And I want to thank Secretary Azar, Secretary Mnuchin, Secretary Ross, Ambassador Lighthizer, Commissioner Gottlieb — Scott Gottlieb has done a fantastic job.  Where is Scott?  ...