Tag Archives: prices

Pharma CEOs Walk Into a Congressional Hearing to Defend High Drug Prices…

The top executives of seven drugmakers appeared before the Senate Finance Committee to explain why prescription meds are “outrageously expensive,” as Senator Ron Wyden (D-Oregon) put it, especially when compared with the prices of drugs in other countries. The result? Pharma leaders shifted the blame to the insurance industry and pharmacy benefit managers, NPR reports.… Read More »

Sen. Sanders, Rep. Cummings to introduce bill to lower U.S. drug prices

WASHINGTON (Reuters) – U.S. Senator Bernie Sanders and Representative Elijah Cummings plan to introduce legislation on Thursday aimed at lowering the cost of prescription drugs for U.S. consumers. FILE PHOTO: A pharmacy employee looks for medication as she works to fill a prescription while working at a pharmacy in New York December 23, 2009. REUTERS/Lucas… Read More »

Trump administration eyes allowing Medicare to negotiate more drug prices

The U.S. pays 180 percent more than other countries for most of the drugs that are given to Medicare patients while they’re with a doctor, according to a report out Thursday from the Department of Health and Human Services. The timing of the report suggests that it will factor into President Trump’s speech on drug… Read More »