drug price controls News

Biden’s Proposed Inflation Cap on Drug Prices Includes Private Insurance Plans

Workers and families with private health insurance would reap savings on prescription drugs from a little-noticed provision in President Joe Biden’s sweeping social agenda bill. It’s meant to break the cycle of annual price increases for widely used medicines. That …

Biden Administration Unveils Steps to Lower Drug Prices

President Joe Biden’s administration on Thursday unveiled its promised initiative aimed at cutting drug prices, saying it will test new ways to reduce such costs for the Medicare health insurance program including tying payments for medications to their effectiveness. The …

Lawmakers Cite Own Experiences in Grilling Drug Executives on Prices

Channeling the ire of constituents and drawing from personal experience, senators chastised drug company executives Tuesday over the high cost of prescription medications, while the CEOs warned that government price controls could stifle breakthroughs on diseases like Alzheimer’s. The Senate …

Drugs Prices Much Higher in U.S. Than in Other Countries: Research

U.S. prices for the world’s 20 top-selling medicines are, on average, three times higher than in Britain, according to an analysis carried out for Reuters. The finding underscores a transatlantic gulf between the price of treatments for a range of …