Prescription Drug Spending

Trump Pursues Most Favored Nation Strategy for Lower Drug Prices

by Samantha McGrail

President Trump signed an executive order yesterday to lower prescription drug prices by “putting America first,” but experts are unsure if this move will have a direct impact on rising...

Cost-Sharing for Privately Insured Increased for Brand Medicines

by Samantha McGrail

Patients with deductibles and coinsurance for brand medicines have significantly higher annual out-of-pocket costs than patients with fixed copays alone, according to a new analysis. The analysis...

DOJ Charges Another Generic Drug Company with Price Setting

by Samantha McGrail

Department of Justice (DOJ) recently charged Glenmark Pharmaceuticals Inc. for the it role in antitrust violations from May 2013 to December 2015. The DOJ’s complaint alleged that the...

Robust Biosimilars Market Promotes High Savings, Affordability

by Samantha McGrail

US taxpayers and the healthcare sector may save nearly $7 billion annually with a stronger, more competitive biosimilars market, which is a significant increase from the current annual cost-savings of...

66% of Adults Report Prescription Drug Price Increases Since 2017

by Samantha McGrail

Two-thirds of US adults reported that prescription drug prices have increased either “a little” or “a lot” since 2017, the first year of the Trump administration, according to a...

Major NY Opioid Trial in Delayed Due to COVID-19 Concerns

by Samantha McGrail

A district court in New York recently announced that a major opioid trial slated to take place next week will be delayed due to COVID-19 concerns.  The trial against multiple opioid manufacturers...

Prescription Drug Prices Spike Following FDA Approval, Study Finds

by Samantha McGrail

Manufacturers increased prescription drug prices for four drugs commonly used by hospitals after receiving FDA approval, creating an estimated $20.25 billion in additional healthcare spending over...

Prescription Drug Costs Increased 3X Over the Past Decade

by Samantha McGrail

The net cost of prescription drugs rose over three times faster than the rate of inflation over the last decade, according to researchers from the University of Pittsburgh’s Health Policy...

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...

FDA, Indian Government Stop 500 Illicit Prescription Drug Shipments

by Samantha McGrail

The FDA announced that Operation Broadsword, its enforcement operation with the Government of India, stopped nearly 500 shipments of illicit prescription drugs and medical devices from reaching...

Prescription Drug Prices Rose 21% as Utilization Remained Steady

by Samantha McGrail

Prescription drug prices continue to increase due to continued growth in medical service costs and a modest uptick in utilization, according to a recent report from the Health Care Cost Institute...

Pharmaceutical Company Mallinckrodt Sued Over Seizure Drug Cost

by Samantha McGrail

The city of Marietta has filed a class action lawsuit against drug manufacturer Mallinckrodt, claiming the company increased the price for a specific seizure medication by 97,500 percent, 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...

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...

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...

250K Docs Using Drug Price Transparency Tools, Benefits Checkers

by Sara Heath

Nearly a quarter of a million providers are using a point-of-care drug price transparency tool and benefits checker when prescribing patients a medication, a considerable step up in recent years,...

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...