Like those of his recent predecessors, President Donald Trump’s proposed budget for the fiscal year that starts in October will not be adopted by Congress. Still, a presidential budget plan is an important indicator of the administration’s priorities. The Trump administration’s priority for health is for the federal government to spend less. In some cases […]Continue Reading ...
When Erin Gilmer filled her insulin prescription at a Denver-area Walgreens in January, she paid $8.50. U.S. taxpayers paid another $280.51. “It eats at me to know that taxpayer money is being wasted,” said Gilmer, who has Medicare and was diagnosed with Type 1 diabetes while a sophomore at the University of Colorado in 2002. […]Continue Reading ...
While the high cost of prescription drug prices seems to be a universally agreed-upon trouble spot in the American health system, a House Ways and Means subcommittee hearing Thursday showed that Democrats and Republicans are still miles apart on what to do about it. The hearing, focused on using Medicare to encourage affordability, competition and […]Continue Reading ...
[khn_slabs slabs=”828733″] Happy first day of March! Yours truly could barely keep up with all the news coming off Capitol Hill this week (yes, there were other things going on besides a certain high-profile hearing, as hard as that is to believe). So let’s get right to it! Seven Big Pharma executives were hauled in […]Continue Reading ...
House Democrats, led by Rep. Pramila Jayapal (D-Wash.), have formally introduced their “Medicare-for-all” legislation. The bill, which would ensure coverage for almost every medical service most people need, did not come with any suggestions for financing. But it will likely reflect the far-left end of the Democratic debate in progress. Meanwhile, the CEOs of seven […]Continue Reading ...
Florida Gov. Ron DeSantis said Wednesday he intends to bring down skyrocketing drug prices by leaning on an existing federal law that could enable the state to import prescription meds wholesale from Canada, where they’re much cheaper. He’s citing direct support from President Donald Trump, whose administration would have to approve the endeavor. “He not […]Continue Reading ...
Kenneth Frazier, CEO of pharma giant Merck, is set to face senators Tuesday who say drug costs are “sky-high” and “out of control.” But Frazier doesn’t need new talking points. Sixty years ago, a different panel of senators grilled a different Merck boss about the same problem. To a striking degree, the subjects likely to […]Continue Reading ...
For some older people, the joy of sex may be tempered by financial concerns: Can they afford the medications they need to improve their experience between the sheets? Medicare and many private insurers don’t cover drugs that are prescribed to treat problems people have engaging in sex. Recent developments, including the approval of generic versions […]Continue Reading ...
[khn_slabs slabs=”828733″ view=”pull-right”] Happy Friday! Headline writers across the world (read: yours truly) breathed a sigh of relief this week when the venture formally known as “the health initiative founded by Amazon, Berkshire Hathaway and JPMorgan Chase” finally picked a name. After more than a year of tight-lipped secrecy, they settled on “Haven.” What do […]Continue Reading ...
Cities and local governments in several states said they will continue to use a Canadian company to offer employees prescription drugs at a highly reduced price, even though federal officials raised safety concerns about the practice last week. The municipalities use CanaRx, which connects their employees with brick-and-mortar pharmacies in Canada, Great Britain and Australia […]Continue Reading ...
Large majorities of Americans from both major parties support steps to control prescription drug costs such as showing prices in ads, removing barriers to generics and letting patients get less expensive drugs from Canada, a new poll shows. By a 9-to-1 ratio, Republicans, Democrats and independents favor making drug companies show list prices in their […]Continue Reading ...
Senators got their first opportunity Tuesday to prod drugmakers about the wallet-emptying prices they charge for prescription drugs. Almost in unison, the executives expressed support for eliminating rebates that flow to industry middlemen instead of patients; for increasing transparency about how they set prices; for shifting to a more value-based pricing system, in which outcomes […]Continue Reading ...
[khn_slabs slabs=”920021″] Check out the similar language used by senators as well as industry CEOs to defend or attack drug prices, industry views and patients’ hardships paying for drugs. That was then: “ It would appear from the great number of letters which the subcommittee has received that many of our citizens are experiencing difficulty […]Continue Reading ...
The federal government’s annual projections of health spending for the next decade suggest that it will go up faster than in recent years. One of the main reasons is the aging of the huge baby boom generation. And drug prices are expected to continue to rise rapidly, although drugs are still a relatively small portion […]Continue Reading ...
California Gov. Gavin Newsom says he’s done waiting for the federal government to curtail the rising cost of prescription drugs. Newsom has his own plan to ease that financial burden — one he hopes other states can join or replicate. The Democratic governor said he intends to use California’s might as the world’s fifth-largest economy […]Continue Reading ...
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