Welcome, Guest. Please login or register.
May 20, 2019, 08:58:14 pm

Login with username, password and session length


Members
Stats
  • Total Posts: 744462
  • Total Topics: 62167
  • Online Today: 324
  • Online Ever: 1421
  • (August 13, 2016, 05:18:44 am)
Users Online
Users: 4
Guests: 271
Total: 275

Welcome


Welcome to the POZ Community Forums, a round-the-clock discussion area for people with HIV/AIDS, their friends/family/caregivers, and others concerned about HIV/AIDS.  Click on the links below to browse our various forums; scroll down for a glance at the most recent posts; or join in the conversation yourself by registering on the left side of this page.

Privacy Warning:  Please realize that these forums are open to all, and are fully searchable via Google and other search engines. If you are HIV positive and disclose this in our forums, then it is almost the same thing as telling the whole world (or at least the World Wide Web). If this concerns you, then do not use a username or avatar that are self-identifying in any way. We do not allow the deletion of anything you post in these forums, so think before you post.

  • The information shared in these forums, by moderators and members, is designed to complement, not replace, the relationship between an individual and his/her own physician.

  • All members of these forums are, by default, not considered to be licensed medical providers. If otherwise, users must clearly define themselves as such.

  • Forums members must behave at all times with respect and honesty. Posting guidelines, including time-out and banning policies, have been established by the moderators of these forums. Click here for “Am I Infected?” posting guidelines. Click here for posting guidelines pertaining to all other POZ community forums.

  • We ask all forums members to provide references for health/medical/scientific information they provide, when it is not a personal experience being discussed. Please provide hyperlinks with full URLs or full citations of published works not available via the Internet. Additionally, all forums members must post information which are true and correct to their knowledge.

  • Product advertisement—including links; banners; editorial content; and clinical trial, study or survey participation—is strictly prohibited by forums members unless permission has been secured from POZ.

To change forums navigation language settings, click here (members only), Register now

Para cambiar sus preferencias de los foros en español, haz clic aquí (sólo miembros), Regístrate ahora

Finished Reading This? You can collapse this or any other box on this page by clicking the symbol in each box.

Author Topic: Pharma CEOs Defend High Drug Prices…  (Read 252 times)

0 Members and 1 Guest are viewing this topic.

Offline Jim Allen

  • Administrator
  • Member
  • Posts: 11,927
  • Twitter @JimAllenDublin
    • HIV Lessons
Pharma CEOs Defend High Drug Prices…
« on: February 28, 2019, 02:34:04 am »
https://www.poz.com/article/pharma-ceos-defend-high-drug-prices-congress

Quote
The top executives of seven drugmakers appeared before the Senate Finance Committee to explain why prescription meds are “outrageously expensive,” as Senator Ron Wyden (D-Oregon) put it, especially when compared with the prices of drugs in other countries.

The result? Pharma leaders shifted the blame to the insurance industry and pharmacy benefit managers, NPR reports. They also mentioned that their companies must invest in costly research and development in order to manufacture the drugs. In fact, Richard Gonzalez, the CEO of AbbVie, warned that if drug prices were lowered in the United States, his company would not be able to maintain its current level of investment in research and development.

The CEOs tried to make the case that the list price for a drug is not the price many patients end up paying thanks, for example, to rebates and discounts negotiated with insurers and pharmacies and that therefore list price is not a good gauge for a med’s true cost to the consumer.

The senators didn’t seem to buy this argument. “For a patient taking a drug that has no competition, the list price becomes very important,” said Senator Chuck Grassley, (R-Iowa), according to NPR.

Wyden added: “I think you and others in the industry are stonewalling on the key issue, which is actually lowering list prices. Lowering those list prices is the easiest way for consumers to pay less at the pharmacy counter.”

Included in the hearings were pharma leaders from AbbVie, AstraZeneca, Bristol-Meyers Squibb, Johnson & Johnson, Merck, Pfizer and Sanofi.

Lawmakers and pharma leaders discussed whether the government should be able to negotiate prices through Medicare (drugmakers don’t like this proposal), and they talked about a Trump administration proposal to change the way rebates and deductibles are calculated (which many patient advocacy groups oppose because it will limit co-pay assistance; for more on that, click here).

If all of this sounds familiar, it’s because it’s the same song and dance consumers have been hearing for decades. “Talk about déjà vu,” writes Kaiser Health News in an article that looks at senatorial hearings about high drug prices—hearings that took place in 1959.

The Kaiser article points out the unfortunate fact that 60 years ago, despite the outrage and inquiry over expensive meds, lawmakers did not enact cost-control measures. Each decade since has witnessed congressional hearings about the rising prices of prescription meds.

Will today’s hearings finally result in any big changes? By most accounts, not likely. The Washington Post rounds up some takeaways from the “unremarkable” hearings, noting that pharma CEOs did not commit to lowering prices and that “Congress could have been tougher on drug executives.”

Meanwhile, Congress does, in fact, have ideas for reducing prescription costs, including capping out-of-pocket costs and allowing the government to manufacture certain drugs. Vox outlines eight different ideas here
.
HIV 101 - Everything you need to know
HIV 101
Transmission and Risks:
HIV Transmission and Risks
Read more about Testing here:
HIV Testing
Read about Treatment-as-Prevention (TasP) here:
HIV TasP
You can read about HIV prevention here:
HIV prevention
Read about PEP and PrEP here
PEP and PrEP

 


Terms of Membership for these forums
 

© 2019 Smart + Strong. All Rights Reserved.   terms of use and your privacy
Smart + Strong® is a registered trademark of CDM Publishing, LLC.