Drug Pricing

International Reference Pricing Implementation Challenges

by Samantha McGrail

Tying drug prices to those in other developed countries may be a useful strategy for lowering US prescription drug spending, but international reference pricing may not be ideal, according to...

GoodRx Names Top 20 Most Expensive Prescription Drugs in 2020

by Samantha McGrail

According to a GoodRx analysis, Myalept is the most expensive prescription drug in the US in 2020 with a list price of $72,306.  In their yearly analysis, GoodRx researchers broke down the most...

Congress’ Think Tank Digs Into Drug Patenting Practices

by Ana Mulero

A new Congressional Research Service report on Wednesday delved into the deluge of proposals that have been set forth to address drug pricing and drug patenting practices. The report is a high-level...

Opposition to International Pricing Index for Part B Drugs Mounts

by Ana Mulero

A coalition of more than 40 conservative groups led by Americans for Tax Reform urged the administration to withdraw its International Pricing Index (IPI) proposal for Medicare Part B drugs. CMS...

Illinois Caps Out-of-Pocket Costs for Insulin at $100 for Insured

by Ana Mulero

Following in Colorado’s footsteps, Illinois became the second state to cap out-of-pocket costs for insulin at $100 for a 30-day supply after Gov. JB Pritzker signed SB 667 into law on January...

USMCA Approval Signals Drug Pricing Changes Ahead

by Ana Mulero

The Senate’s January 16 approval of the US-Mexico-Canada (USMCA) Agreement was well-received by industry groups who argued for it to serve as a template for ongoing trade deal negotiations to...

Study: FDA Should Simplify Drug Approval Programs

by Ana Mulero

A new study published Tuesday in JAMA suggests that the evolution of drugs and biologics’ regulatory approval programs at the US Food and Drug Administration has resulted in a system that...

CA Proposes Single Market for Drug Pricing, Manufacturing Hub

by Ana Mulero

The state of California is set to propose, as early as this spring, two initiatives to establish a single market for drug pricing within the state and a new contracting program for generic...

USMCA Makes its Way to Full Senate Vote After Lobbying Win

by Ana Mulero

The Senate Finance Committee passed the US-Mexico-Canada (USMCA) Trade Agreement of 2019 on Tuesday, in a 25-3 vote. Other senate committees are now are set to debate the trade agreement, beginning...

Drug Price Hikes Undeterred Despite Legislative Proposals

by Ana Mulero

Drug prices increased for 686 drug products during the first few weeks of 2020, the latest data from the Centers for Medicare and Medicaid Services shows, signaling it’s business as usual for...

How Could Drug Price Proposals Impact Pharma Company Profits?

by Sara Heath

The pharmaceutical industry could lose $1 trillion in overall revenue and still remain as one of the most lucrative industries in the country, according to research conducted in partnership between...

Implications of Value-Based Contracting for Drug Companies

by Jacqueline LaPointe

Industry experts have come to agree that the traditional method for financing the healthcare system is not working. National healthcare expenditures are accelerating at an unsustainable rate, with...

Role of Pharmacy Benefit Managers in the Pharmaceutical Supply Chain

by Sara Heath

As the healthcare industry works to tackle skyrocketing spending, a keen eye is turning toward the pharmaceutical industry. And with that, experts are examining the role pharmacy benefits managers play...

Exploring International Reference Pricing for Pharmaceuticals

by Jacqueline LaPointe

In October 2018, the Trump administration proposed an international reference pricing model to reduce the federal government's spending on prescription drugs. The International Pricing Index (IPI)...