in the final months of his last term, Trump issued two executive orders aimed at reducing prescription drug costs: The first was to ban PBMS from taking rebates on discounted drugs purchased by seniors in Medicare; The second is an attempt to impose a "most-favouried...
Rising Prescription Drug Prices: Warranted or Unjustified?
Up to 12% of pharmacy spending may be on high-cost, low-value drugs that can be removed from formularies. Rising prescription drug costs continue to place a financial burden on patients and employers; however, reducing the use of high-cost, low-value drugs on formularies could lower drug ...
Rising Drug Costs for Neurologic Diseases The cost of prescription drugs in the United States is rising like never before and has led to an inflection point where clinicians must consider the potential financial damage to the patient and to society related to the more expensive ... JL Crowell,...
"Accountability and transparency are essential to developing a better understanding of rising pharmacy costs," said Maureen Sullivan, chief strategy and innovation officer for the Blue Cross Blue Shield Association (BCBSA). "The Blue Cross Blue Shield Association developed the Alliance for Health Resear...
(IRA) signed by President Biden on August 16, 2022, included multiple provisions to address high and rising drug prices. One provision in the new law requires the federal government to negotiate prices for selected high-cost drugs covered under Medicare. Another provision requires drug ...
Patient attitudes toward medication access have been significantly impacted due to the implications of rising drug costs and the complexity of the health care environment, especially the prescription drug supply chain. Based on Wolters Kluwer Health survey data, 59% of the US population is concern...
While the primary goals of the Affordable Care Act (ACA) were to expand insurance coverage and make healthcare more affordable, evidence suggests that these goals have not been met in the individual insurance market. Prescription drug costs are growing faster when compared with other markets, and...
price increases, dental services, physicians’ services, eye care, medical equipment, and nonprescription drugs are rising at a rate that is slower than average hourly earnings — and much slower than drug prices. Nursing home costs are also rising slower than hourly wages, but by less than ...
Alot of attention and a bevy of proposals have focused on the rising cost of drugs, among all Americans, including older adults covered by Medicare. But are these costs really rising as fast as people think? Or is the concern over drug spending due to something I call the prescription es...