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You are here: Home / Trump, senators push for drug price disclosures despite setbacks

Trump, senators push for drug price disclosures despite setbacks

· November 21, 2019 ·

 President TrumpDonald John TrumpFive takeaways from the Democratic debate As Buttigieg rises, Biden is still the target Leading Democrats largely pull punches at debate MORE and senators from both parties are not giving up the fight over forcing drug companies to disclose list prices in TV ads.Both the White House and Congress are searching for an easy political win on drug prices, but so far have found little success.ADVERTISEMENTThe disclosure rule was one of Trump’s highest-profile initiatives and the first policy released after the administration unveiled its drug pricing “blueprint” in 2018.Under the rule, drug manufacturers would have been required to state the list price of a 30-day supply of any drug that is covered through Medicare and Medicaid and costs at least $35 a month.Experts and advocates don’t believe the rule would have been very effective at lowering drug prices. Even so, it represented one of the boldest actions the administration took in its quest to lower the cost of prescription drugs.“The disclosure of drug list prices in direct-to-consumer television ads is an appropriate step to increase price transparency for patients. We have not, however, seen any evidence that it will lower drug prices,” said Ben Wakana, executive director… Read full this story

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