Democrats are hoping 2021 will be the year they accomplish their long-held goal of reining in rising prescription drug costs by allowing the government to negotiate directly with pharmaceutical companies.
The report found that on average Medicare Part D pays nearly three times more for brand-name drugs purchased at retail pharmacies than Medicaid.
In the middle of a pandemic where the U.S. death count is approaching 500,000, pharmaceutical firms have substantially raised prices for drugs.
“To recap here: The drug didn’t get any better, the cancer patients didn’t get any better — you just got better at making money, you just refined your skills at price gouging,” Porter replied.
Major pharmaceutical companies raised drug prices exponentially by hundreds or thousands of percent to boost profits and executives’ bonuses, “taking full advantage” of Medicare rules, a House panel said Wednesday.
Television advertising of prescription drugs is one of the main drivers of soaring prices.
Pharmaceutical companies raised the price of 245 drugs between January 20 and June 20, according to a new analysis by Patients for Affordable Drugs.
A coalition of 51 state and local attorneys general, including those of New York and New Jersey, filed a lawsuit Wednesday accusing 26 drug companies of conspiring to artificially inflate prices of 80 topical generic drugs.
On first blush, President Donald Trump’s $35 insulin discount policy may seem like a serious attack on high prescription drug prices.
The claim that the U.S. government has no control over drug prices is, simply put, a lie.
Two-thirds of U.S. adults report that prescription drug prices have increased either a little or a lot since 2017, the first year of the Trump administration. Self-identified Democrats and independents are more likely to perceive an increase in prices than Republicans.
The price of brand-name prescription drugs went up by 60% between 2007 and 2018, after accounting for rebates and discounts, according to a new study in JAMA.
For many Americans, the cost of regularly taking and filling their medications is too much.
Nearly 8 in 10 Americans say the cost of prescription drugs is unreasonable, with voters from both parties agreeing that reducing the cost of prescription drugs should be one of Congress’ top priorities.
Some of the bills Rep. Steve Horsford and other Democrats have backed — including measures to expand access to dental care and cap prescription drug costs — are headed to the House floor after passing through committee mark-up last week.
List price increases for many Medicare Part D drugs—both brands and generics—exceeded inflation in 2016 and 2017, in some cases by a substantial margin, according to a recent analysis from the Kaiser Family Foundation.
Drug pricing transparency has long been an area of focus for consumers and policymakers, with numerous studies highlighting the inequity in drug spending across various disease states as well as a recent substantial rise in out-of-pocket costs.
Major legislation to reduce prescription drug costs for millions of people may get sidelined now that House Democrats have begun an impeachment inquiry of President Donald Trump.
Pharmaceutical industry attacks proposals in Washington that could cut deeply into companies’ sales.
A new watchdog report says prescriptions are being rejected because doctors and insurers don’t communicate with each other.
Plans providing Medicare’s prescription drug benefit are often slow to cover the first generic competition to a branded medication, according to a new white paper by the Association for Accessible Medicines.
The public’s favorability toward the pharmaceutical industry is at its lowest point since Gallup began polling the question in 2001.
The out-of-pocket costs required to successfully manage [chronic] conditions are forcing many patients to abandon treatments or forego other necessities such as food, shelter or transportation costs. Although biosimilar medications hold great promise for decreasing health care costs, congressional action is needed to increase competition for biosimilars and unlock their cost-savings potential.
Four influential Democratic Senators delivered a message to their Republican colleagues and President Trump today: allowing Medicare to negotiate directly with Big Pharma is the best way to bring down prescription drug prices.