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The Latest News about prescription drug prices

Grassley Says His Drug Pricing Proposal Would Save The Government $85 Billion In 10 Years

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 ...

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Federal Judge Puts Last-Minute Block On Trump’s Rule Forcing Drug Companies To Include Prices In TV Ads |

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 ...

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Watch: President Trump Signs an Executive Order on Improving Price and Quality Transparency in Healthcare

Donald Trump signs tax reform into law 12-22-17

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. ...

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Major Drug Companies Sue Over Trump Administration Rule Requiring Prices In TV Ads

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 ...

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Real Life ‘Narcos’ DEA Agents Raise Red Flags Over Florida’s New Drug Import Measure

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 ...

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AARP Called Out For Opposing Trump Administration Drug Pricing Proposal Designed To Help Seniors

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 ...

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Drug Prices Set To Be Included In Television Ads

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 ...

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White House And Nancy Pelosi Test Out Partnership To Fight High Drug Prices

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 ...

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Grassley Reminds Pharma CEOs How Much Drug List Prices Matter During Hearing

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 ...

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Drug Companies Used Shortages, Recalls To Hike Prices As Much As 1,137 Percent, Report Finds

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 ...

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Elizabeth Warren Introduces Legislation To Create A Government-Run Pharmaceutical Manufacturer

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 ...

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Nearly Half of Consumers Have Abandoned a Prescription at the Pharmacy Because it Was Too Expensive

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 ...

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Watch: President Trump Delivers Remarks on Drug Pricing

Trump speech

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

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Watch: Trump talks lower drug prices in Rose Garden speech [video + transcript]

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?  ...

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