- Despite Trump’s plan to lower drug prices companies still hiked prices far more often than they cut them. This year through the end of July, there were 4,412 brand-name drug price increases and 46 price cuts, a ratio of 96-to-1.
- Pharma continues to try and confuse the issue of drug pricing by blaming hospitals and PBM’s.
Fair, or not, pharma is going to continue to come under fire because of high drug prices, but what’s missing is the key fact that even if controls were implemented for prescription drug prices our health care costs would still be escalating. Here is a presentation on high drug prices with some sobering statistics. Continue reading
KEY TAKEAWAY: Mr Trump’s plan to curtail drug prices was long on slogans and short on substance. To understand who the winners were just follow the money via Wall Street.
Barry Werth, who has written two fine books about the biotech company Vertex,and says the the reason pharma raises prices is simple: “Because they can.”. Continue reading
KEY TAKEAWAY: Shares of biotechnology and pharmaceutical companies retreated after President-elect Donald Trump vowed in a magazine article to crack down on drug prices. Drug stocks fell after Mr. Trump was quoted in a Time Person of the Year article as saying: “I’m going to bring down drug prices.” Better put that champagne on ice. Continue reading
KEY TAKEAWAY: Pharma CEO’s are NOT celebrating the election of Donal Trump and are in fact worried about the incoming administration’s stance on drug pricing. Continue reading
KEY TAKEAWAY: The major contributor to soaring drug list prices is continual and progressive rebating demands by Big Insurance and the PBMs. Continue reading