Effort to Lower Prescription Drug Prices Continues
Effort to Lower Prescription Drug Prices Continues Advocacy
Maryland — a first of its kind law that establishes a state prescription drug affordability board. Under the law, the Board has the authority to review information from manufacturers on drugs with prices that greatly affect consumers and set an upper payment limits for these drugs that apply to all payer reimbursements in the state. Texas — a law requiring drug-makers to .
Fight to Lower Prescription Drug Prices Continues at State Level
Big Pharma s successful lawsuit won t stop bipartisan movement
Getty Images You can win a battle but still be losing the war. Take a look at Big Pharma’s successful lawsuit to block a new Trump administration rule that would have required TV commercials for prescription drugs to include the list price of the drug being advertised. Rattled by the mere thought of consumers' being afforded such transparency, a group of drug-makers, including pharma giants Merck, Eli Lilly and Amgen, to block the U.S. Department of Health and Human Services (HHS) TV ad rule, which was due to go into effect July 9.Tweet Jo Ann
Join me in the discussion about prescription drug prices on Twitter, Big Pharma won its lawsuit, a federal judge ruling in their favor last week. Chalk one up for those who somehow think that consumers shouldn’t know the prices of the drugs they’re taking.Drug makers shouldn t pop those corks yet
However, any high-fives or cork-popping going on in the halls on big pharma are missing the big picture. The tide is turning — and, like most successful movements, it is starting at the local level. As evidence, take a look at 27 laws, supported by AARP and focused on lowering prescription drug prices, recently enacted in 16 states. There aren’t many things Republican and Democratic voters (let alone lawmakers) agree on these days, but one of them appears to be that brand-name prescription drugs in the U.S. cost way, way too much. Americans pay the highest prices for prescription drugs of anyone in the world — typically paying 2-3 times, or more, what patients in other nations such as Canada and the U.K. pay. And keep in mind this is for the same drugs, often made in the same factories, by the same manufacturers. And people are no longer prepared to accept out-of-control, skyrocketing prices for prescription drugs. These recent state actions represent promising first steps while Congress addresses possible remedies at the federal level. Those include allowing Medicare to negotiate lower Rx prices and legislation to bring more lower-priced generic drugs to market, such as ending an odious practice called “pay for delay,” which refers to the anticompetitive practice that occurs when makers of brand-name drugs pay would-be generic makers to stay out of the market.27 new laws in 16 states — all seeking to lower Rx drug prices
Here’s a top line (see chart below) on recent legislative developments backed by AARP. In many states, the pharmaceutical industry fought hard to oppose these policies: Florida — a law to establish a state program to import less expensive but equally safe and effective . The measure passed easily and was signed into law by a key proponent, Republican Gov. Ron DeSantis. Montana — a law that prohibits rules that limit a pharmacist’s ability to discuss lower-cost options with patients. Colorado — a law to establish a state program to import less expensive but equally safe and effective prescription drugs from Canada. Colorado — a different law requiring drug manufacturers to provide prescribers the price of a drug when marketing or providing information on a drug to a prescriber.Maryland — a first of its kind law that establishes a state prescription drug affordability board. Under the law, the Board has the authority to review information from manufacturers on drugs with prices that greatly affect consumers and set an upper payment limits for these drugs that apply to all payer reimbursements in the state. Texas — a law requiring drug-makers to .