Category: Prescription Drug Prices

‘Hard Reality’ Getting Pharma Companies to Lower Drug Prices: Federal Memo

May 13, 2023
Canadadrug companiespharmacarepharmaceutical industrypharmaciesPrescription Drug PricesSupply and confidence agreementWorld
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Health Minister Jean-Yves Duclos was told of the “hard reality” of getting pharmaceutical companies to lower their drug prices before he urged an independent federal agency to pause the discussion in favour of more consultation, a 2021 memo shows. “After five years, myriad policy proposals and many hundreds of hours of consultation, it would appear…

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Pharma Companies ‘Not Amenable’ to Lowering Drug Prices: Federal Memo

May 13, 2023
Canadadrug companiespharmacarepharmaceutical industrypharmaciesPrescription Drug PricesSupply and confidence agreementWorld
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Health Minister Jean-Yves Duclos was told of the “hard reality” of getting pharmaceutical companies to lower their drug prices before he urged an independent federal agency to pause the discussion in favour of more consultation, a 2021 memo shows. “After five years, myriad policy proposals and many hundreds of hours of consultation, it would appear…

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DeSantis Signs Bill Aiming to Lower Prescription Drug Costs

May 3, 2023
FloridaFlorida Gov. Ron DeSantispharmacy benefit manager (PBM)Prescription Drug PricesRegional & State NewsState NewsUSUS News
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Florida Gov. Ron DeSantis has signed legislation designed to lower prescription drug prices by, among other things, curbing the power of industry middlemen, the pharmacy benefit managers (PBMs). Those third-party administrators typically process and pay drug claims of health plans, and negotiate discounts with drug manufacturers and pharmacies. In a signing ceremony on May 3,…

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Biden Can Lower Prescription Drug Prices by Simply Following the Law

April 28, 2023
OpinionPrescription Drug PricesViewpoints
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Commentary Not every problem calls for a government solution. But in the case of runaway prescription drug prices, there is a smart, conservative policy that can help drive down the price of prescription drugs, effectively and fairly, by employing a free-market solution rather than government price controls. The solution is price transparency, but the Biden…

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Senate, House Republicans Challenge Biden Admin to Reveal Funding Plan for $3 Billion Drug Rx Price-Fixing Effort

February 24, 2023
Centers for Medicare & Medicaid ServicescongressHouse Energy and Commerce Committeehouse ways and means committeeInflation Reduction Act of 2022Policies & ImpactsPoliticsPrescription Drug Pricespresident joe bidenRep. Cathy McMorris RodgersRep. Jason SmithSecretary Xavier BecerraSen. Mike CrapoUS
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Two GOP House committee chairmen and the top Senate Finance Committee Republican are challenging President Joe Biden to make public the spending plan for an obscure $3 billion prescription drug price-fixing fund established by the Inflation Reduction Act of 2022. “Unfortunately, the so-called Inflation Reduction Act enacted last year has doubled down on the recent…

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