Pharma refuses to acknowledge that a storm is coming

KEY TAKEAWAY: Large majorities of Republican, Democratic and independent voters say they would be more likely to vote for candidates in this year’s midterm elections who are committed to bringing down the cost of prescription drugs according to a poll released last week by the Kaiser Family Foundation (KFF).  Yet companies like AbbVie raised prices of drugs and are blocking generic versions of their medications.  Change is coming, but too many pharma CEO’s are still too subservient to Wall Street.  Continue reading

Drug prices out of control?

KEY TAKEAWAY:  A new survey from Consumer Reports Best Buy Drugs shows that twenty-five percent of Americans who regularly take a prescription drug say they now pay more out of pocket than they did 12 months ago for at least one of those medications.  It’s just a matter of time before Congress takes action, but is the drug industry ready? Continue reading