Tag Archives: Prices

US companies are expected to spend 6% more on health care next year as drug prices rise

A pharmacist fills out prescription in New York City. Yvonne Hemsey | Hulton Archive | Getty Images The presidential hopefuls aren’t the only ones eyeing health-care issues for 2020. Large employers are putting together benefit plans for next year, and they are expecting the rise in employee health costs to hit a four-year high, in… Read More »

Cutting US drug prices to match rates in other countries could save $73 billion on medicare

Cutting US drug prices to match rates in the UK, Japan and Canada would save Medicare tens of billions of dollars, study suggests On average, drugs commonly used by Medicare beneficiaries cost over four times more in the US than in the UK  The same drug may be anywhere from 30 percent to 7,000 percent… Read More »

Pharma CEOs Walk Into a Congressional Hearing to Defend High Drug Prices…

The top executives of seven drugmakers appeared before the Senate Finance Committee to explain why prescription meds are “outrageously expensive,” as Senator Ron Wyden (D-Oregon) put it, especially when compared with the prices of drugs in other countries. The result? Pharma leaders shifted the blame to the insurance industry and pharmacy benefit managers, NPR reports.… Read More »