advertisement
Forums

 

AAPL stock: Click Here

You are currently viewing the 'Friendly' Political Ranting forum
Yes, you were lied to: "Trump’s health chief suggests ‘massive’ drug price cuts not imminent"
Posted by: Steve G.
Date: June 12, 2018 03:42PM
He lied. Your kids died. Tough luck, peasants.

Trump’s health chief suggests ‘massive’ drug price cuts not imminent
[www.politico.com]
President Donald Trump’s top health care official is lowering expectations that drug companies will soon announce huge price cuts, undercutting Trump’s recent claims that his drug pricing plan would produce immediate results.

Trump on May 30 said some of the largest pharmaceutical companies would announce “voluntary massive drops in prices” within two weeks in response to his drug pricing plan released in mid-May. Wednesday will mark two weeks since Trump’s remarks, which drugmakers at the time said caught them by surprise.

HHS Secretary Alex Azar told the Senate HELP Committee Tuesday morning that there are “several drug companies that are looking at substantial, material decreases in drug prices,” but he indicated it could take time for the cuts to happen. Azar did not say which companies were considering cuts or how deeply they would slash prices.

The White House did not immediately respond to a request for comment Tuesday afternoon. A spokesperson at HHS declined to name which companies the department had spoken with, saying that HHS is working with various health care groups.

Azar claimed pharmacy benefits managers and drug distributors have held up efforts to reduce prices, and he blamed the drug pricing system for incentivizing high list prices. Drug companies are worried that if they cut list prices, these drug supply chain middlemen will no longer prioritize their products, Azar said. That’s because these companies sometimes make more money when a drug’s list price is higher.

Sen. Elizabeth Warren (D-Mass.) said during the hearing that she and Sen. Tina Smith (D-Wis.) sent letters surveying the top 10 drug manufacturers on the day Trump made his remarks. No company said they had lowered prices, and no company indicated that they plan to do so, Warren said. One of the companies said that its prices will go up later this year, she said.
Options:  Reply • Quote
Re: Yes, you were lied to: "Trump’s health chief suggests ‘massive’ drug price cuts not imminent"
Posted by: Ombligo
Date: June 13, 2018 09:35PM
Wal-Mart reduced the price of Equate Aspirin.



“No persons are more frequently wrong, than those who will not admit they are wrong.”
-- François de La Rochefoucauld

"WE CALL BS!" -- Emma Gonzalez
Options:  Reply • Quote
Sorry, only registered users may post in this forum.

Click here to login

Online Users

Guests: 200
Record Number of Users: 52 on November 20, 2014
Record Number of Guests: 847 on February 04, 2015