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News Articles: drug prices

Tagged as: 

  • Health Care

What's a fair price for a prescription drug? Medicare's about to weigh in

Medicare soon will start something it hasn't done in its 58-year history: Negotiate on drug prices. On Sept. 1, Medicare will target the first 10 drugs for price negotiations.

July 28, 2023
|
By:
  • Leslie Walker and
  • Dan Gorenstein
Pharmacy benefit managers are middlemen who work with drug companies and insurers, helping set the retail prices for prescription drugs Americans rely on for their health. They're now the subject of a number of new bills in Congress.

Tagged as: 

  • Health

What to know about the drug price fight in those TV ads

At least nine bills introduced in Congress take aim at pharmacy benefit managers, the powerful middlemen that channel prescription drugs to patients. Here's what the fuss is all about.

July 07, 2023
|
By:
  • Arthur Allen
This April 24, 2008, file photo shows the former North American headquarters of Novo Nordisk Inc., in Plainsboro, N.J. The Danish drugmaker will start slashing some U.S. insulin prices up to 75% next year, following a path set earlier this month by rival Eli Lilly.

Tagged as: 

  • Health

Novo Nordisk will cut some U.S. insulin prices by up to 75% starting next year

The Danish drugmaker's move follows a similar announcement by rival Eli Lilly earlier this month. More than 8 million Americans use insulin, according to the American Diabetes Association.

March 14, 2023
|
By:
  • The Associated Press
A vial of the Moderna's COVID-19 vaccine, Bivalent. Though the shots are free to pretty much anyone who wants one in the U.S. as long as federal stockpiles hold out, the next update of the vaccine might be costly for some people who lack health insurance.

Tagged as: 

  • Health

Moderna's COVID vaccine gambit: Hike the price, offer free doses for uninsured

Once U.S. stockpiles of COVID-19 vaccine run out, Moderna says it might charge as much as $130 per dose, but give people who lack health insurance a break. Critics say that's not enough help.

March 08, 2023
|
By:
  • Sydney Lupkin
President Biden speaks to the International Association of Fire Fighters at a conference in  Washington on March 6, 2023.

Tagged as: 

  • Politics

Biden says his budget plan would extend Medicare to 2050 without adding to the deficit

President Biden is proposing to raise taxes on people who make more than $400,000 per year to make sure there's enough money for Medicare.

March 07, 2023
|
By:
  • Deepa Shivaram
Paul Davis is a retired physician in Findlay, Ohio, who gets weekly treatments of the drug Kimmtrak to help stave off the progression of his rare cancer — uveal melanoma. He worries the accumulating cost of the drug — nearly $50,000/week if he has to pay it out of pocket — could saddle his family with crushing medical debt after he's gone.

Tagged as: 

  • Health

Nearly $50,000 a week for a cancer drug? A man worries about bankrupting his family

Medicare suddenly stopped paying for the pricey drug that prolongs his life. As he waits for an appeal, this retired physician wonders if he should give up treatment to spare his family the cost.

February 14, 2023
|
By:
  • Fred Schulte
President Biden speaks during an event Tuesday celebrating the passage of the Inflation Reduction Act on the South Lawn of the White House. The new law gives Medicare the power to negotiate drug prices.

Tagged as: 

  • Health

Legal fights and loopholes could blunt Medicare's new power to control drug prices

The Inflation Reduction Act gives Medicare historic new powers to limit prescription drug prices. But the pharmaceutical industry is already lobbying to dull their impact.

September 15, 2022
|
By:
  • Leslie Walker and
  • Dan Gorenstein
House Speaker Nancy Pelosi spoke about the bill to cap insulin prices during her weekly press conference on Capitol Hill on Thursday.

Tagged as: 

  • Politics

House passes bill to cap insulin prices

The chamber voted on a bill that would cap the price of insulin at $35 a month, but its fate in the Senate is unclear.

April 01, 2022
|
By:
  • Barbara Sprunt
Pharmacist Suzanne Davenport (left) answers a question for patient Mike Britton (right) about his prescription at Southern Drug Company in Blue Ridge, Ga. on March 7.

Tagged as: 

  • Health

Lawmakers weigh proposal to lower prescription drug costs in Georgia

New legislation that aims to lower the cost of some brand name prescription drugs for insured patients would increase transparency in medication pricing for Georgians.

March 17, 2022
|
By:
  • Sarah Swetlik
Canadian Minister of Health Patty Hajdu, pictured in 2016, announced a new rule in response to a U.S. plan to import drugs from Canada.

Tagged as: 

  • Health

Canada Blocks Export Of Medications In Short Supply In Response To Trump Plan

The move comes just days before a U.S. rule was set to go into effect allowing for bulk importation of drugs from Canada. Trump promised it would lower costs and be a "game changer" for seniors.

November 29, 2020
|
By:
  • Matthew S. Schwartz

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