Pharma steps in it as blame game continues

  • Pharmacy benefit managers said rebates paid by drug companies to PBMs, sometimes called “middlemen,” are “not secret or hidden payments” 
  • Executives blamed high drug prices on the drugmakers and their pursuit of profits. 
  • U.S. Healthcare Spending Reaches $420M Per Hour, On Track to Hit $12 Trillion by 2040.
  • 62 health care CEOs made a combined $1.1 billion in 2018 when calculating the actual value of cashed-out stock.
  • In the meantime Republicans are warning drug companies not to cooperate with probes into drug pricing.
Continue reading

Pharma makes​ a point but will politicians listen

IN SUMMARY: When the list price of a drug goes up but the net price goes down there is something dreadfully wrong with our healthcare system. The hearings, before Congress yesterday, were meant to convey to voters that “we’re doing something” but patients are not likely to see any benefits from ANY Congressional hearings until the SYSTEM is questioned.

Continue reading

Pharma sideshow to perform in front of Congress today

KEY IDEA: Today some pharma CEO’s will go to Congressional Hill to answer questions about high drug prices. Politicians are conducting this charade because they want to give voters the idea that “they care” and that they are doing something. What won’t be discussed are the real reasons American healthcare is the most expensive in the world with poor results.

Continue reading