prescription drugs News

Drugmakers Plan to Raise Prices in New Year: Reuters, 3 Axis Advisors

Drugmakers including Pfizer Inc., Sanofi SA, and GlaxoSmithKline Plc plan to raise U.S. prices on more than 300 drugs in the United States on Jan. 1, according to drugmakers and data analyzed by healthcare research firm 3 Axis Advisors. The …

Market Value of Insurers, Drugstores Drops on Amazon Plans to Sell Prescription Drugs

The leading drugstores, drug distributors and health insurers lost about $22 billion in market value Tuesday after Amazon.com Inc. revealed plans to start selling prescription drugs to its Prime members in the U.S. The long awaited move pushed Walgreens Boots …

Trump Signs Executive Orders to Lower Prescription Drug Prices

U.S. President Donald Trump on Friday signed four executive orders aimed at lowering the prices Americans pay for prescription drugs, as he faces an uphill re-election battle and criticism over his handling of the coronavirus pandemic. Trump has previously proposed …

How Pharmacies Are Resisting Amazon’s Attempt to Corner Their Business

Getting into the pharmacy business was easy for Amazon.com: It paid $753 million to buy the mail-order startup PillPack. The hard part has been prying patients away from their local drugstore. Since being acquired by the internet giant, PillPack has …

Arkansas Governor Says Special Session on Pharmacy Rates Possible

Arkansas Gov. Asa Hutchinson says he’ll call a special legislative session to address reimbursement rates for pharmacies and to amend the state’s open container law if there is consensus among lawmakers on the proposals. Legislative leaders have asked for a …

Database in Nevada Aims to Accurately Depict Opioid Crisis

Officials say a new state database will help paint a better picture of the opioid crisis in Nevada, as existing data shows opioid-related deaths dropped in 2016 even though hospitalizations and prescription rates rose. The Las Vegas Review-Journal reported that …

Prescription Drug Use Up, Out-of-Pocket Spending Down Under Affordable Care Act: RAND

People who gained health coverage following the implementation of the federal Affordable Care Act’s coverage expansion sharply increased their use of prescription drugs, while their out-of-pocket spending for medications dropped significantly, according to a new RAND Corp. study. Researchers studying …

West Virginia Supreme Court Rules Addicts Can Sue Pharmacies, Doctors

Pharmacies and doctors who negligently prescribed pain medication can be sued for enabling people’s addictions, the West Virginia Supreme Court ruled. The ruling involved 29 people who were patients of Mingo County’s Mountain Medical Center. Most sought treatment for job-related …

Prescription Benefit Managers Excluding More High-Priced Drugs

Steve Miller is waging war on high- priced medicine, guiding decisions to ban drugs from the health plans of millions of Americans and sending companies reeling in a $270 billion market. He and his colleagues at Express Scripts Holding Co. …

More Drivers ‘Under the Influence’ Testing Positive for Multiple Drugs

Since 1993, the profile of a drugged driver has changed substantially. More drivers are now testing positive for prescription drugs, cannabis, and multiple drugs, and they are more likely to be older than 50, according to a study released in …