SUMMARY: Via Consumer Reports “How much a consumer pays for meds is also driven in part by drug supply system middlemen whose wheeling and dealing with drugmakers contributes to rising…
Tag: Drug Prices
Public trusts drug companies but…
KEY TAKEAWAY: The public sees profits made by pharmaceutical companies as a major factor contributing to the price of prescription drugs. Majorities of the public trust pharmaceutical companies (either “a…
Drug makers begging Congress to stop them
KEY TAKEAWAY: As it appears that the criticism of drug prices from politicians and the President has quieted down, companies are more aggressively and broadly pursuing drug price increases again.
An Executive order on drug prices is unconstitutional
KEY TAKEAWAY: Trump’s threat to issue an executive order on drug pricing, if issued, will be overturned as “unconstitutional”. There are no quick fixes to rein on excessive healthcare costs….
Drug prices rising because of pressure from shareholders to deliver higher profits
KEY TAKEAWAY: So far in 2019, more than 3,400 drugs have boosted their prices, a 17% increase compared with the roughly 2,900 drug price increases at the same time in…
Why pharma companies continue to feel the heat over pricing
Pharma continues to be portrayed as the villain in pricing but there are other villains who are escaping scrutiny. The 5 largest conglomerates combining health insurance and pharmacy benefits are…
Straight talk on drug pricing
While there is no excuse for the price increases on some drugs, like insulin other price increases are not aimed at consumers. They are aimed at PBM’s and insurers who…
The over complicated process of drug pricing
Black-box negotiation processes” between drugmakers, insurers and the middlemen who haggle behind closed doors over how much money changes hands are hidden from patients. Drug companies set the list price…