Prescription Drug Pricing
2019-02-26T10:15:07-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvYWIxXC8yMDE5MDIyNjEwMTYzODAwM19oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Chief executive officers from seven prescription drug companies testified before the Senate Finance Committee on drug pricing practices. Members asked the executives how their companies set prices, determine rebates, and why prices for patients vary from country to country. The executives talked about their research and development costs relative to revenues and profits, and each stressed their commitment to providing all patients the medicines they need regardless of listed prices. Senator Bob Menendez (D-NJ) warned them, however, that there was bipartisan support to ensure drug prices were brought down, and said that if the companies did not address the issue themselves, Congress or President Trump would take action to force them to do so.
Chief executive officers from seven prescription drug companies testified before the Senate Finance Committee on drug pricing practices.… read more
Chief executive officers from seven prescription drug companies testified before the Senate Finance Committee on drug pricing practices. Members asked the executives how their companies set prices, determine rebates, and why prices for patients vary from country to country. The executives talked about their research and development costs relative to revenues and profits, and each stressed their commitment to providing all patients the medicines they need regardless of listed prices. Senator Bob Menendez (D-NJ) warned them, however, that there was bipartisan support to ensure drug prices were brought down, and said that if the companies did not address the issue themselves, Congress or President Trump would take action to force them to do so. close
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