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Trump's Drug Pricing Plan Praised, Panned, Parsed

Trump's Drug Pricing Plan Praised, Panned, Parsed

Another announced component of the Patients First Blueprint is the institution of incentives for lower list prices.

More flexibility to improve pricing negotiations.

In other words, pharmaceutical companies don't need to charge more in the USA to offset research costs for drugs that they sell elsewhere; they do so because they can.

"We are getting tough on the drug makers that exploit our patent laws to choke out competition", Trump said.

Some of the administration's longer-term priorities include restricting use of rebates, creating incentives for drug makers to lower list prices in Medicare, and investigating tools to address foreign government practices that it said could be harming innovation and driving up U.S. prices. Industry experts were unmoved.

President Donald Trump outlined plans Friday to reduce soaring United States prescription drug prices, among the highest in the world, but opposition Democrats accused him of falling short of his election campaign promises.

But those stocks quickly reversed course, with Express Scripts shares up 2.4 per cent and CVS up 3 per cent. My administration has already taken significant steps to get drug prices under control. What if we said, "No rebates, just a flat price", which would disincentivize drug companies from having higher list prices.

Vt. Sen. Patrick Leahy said, "Today's announcement was more of the same- a flurry of soothing words and wheel spinning, and no willingness or courage to take on price gouging and anti-competitive behavior by the giant drug firms".




More than a year ago, then-President elect Donald Trump said at a press conference that the drug industry was "getting away with murder" with its pricing, blasting its lobbyists in Washington, D.C. He again blasted special interests Friday for their role in high prices.

AHIP cited one proposal, to require Medicare Part D prescription drug plans to pass on the savings from drug manufacturer rebates at the pharmacy counter, as an example of a proposal that could backfire.

-Look at including prices in drugmakers' ads to increase price competition.

Some in the pharmaceutical industry are concerned the proposals may end up restricting consumer access to certain treatments.

Speeding up approvals of over-the-counter drugs "so that patients can get more medicines without prescriptions".

President Donald Trump has unveiled his long-promised plan to bring down drug prices. "If not, all of this other stuff seems like window dressing, important window dressing, but window dressing". In late 2017, the Centers for Medicare and Medicaid Services (CMS) proposed that drug companies give those discounts directly to consumers instead, at least for certain expensive, brand-name meds. But the plan didn't address a safe harbor for value-based arrangements and the legal risks related to kickback laws and off-label promotion, she said. The speech came with a request for information, which means the policies will take some time to implement as the administration gathers feedback. "We do subsidize the world because we support the profits of pharmaceutical companies". "If you're activating a patient to have a discussion with their doctor about a drug, it's relevant to find out if it's a $50,000 drug or a $100 drug because often a patient is going to bare a lot of that cost", Azar told reporters after the speech.

But, whether parts of the administration's new proposals requiring congressional actions - mostly within the realm of competition and negotiation - can gain traction remains uncertain.

The more customers a plan covers, the more leverage it has to demand lower prices from the drug maker. Health plans provide more favorable formulary placement in exchange for the rebates. President Trump pointed to the reformation of the Drug Discount Program for safety net hospitals as one step in that direction.

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