October 31, 2018

Humira, a patent prescribed drug with no generic options, costs over $38,000 per year. Why? The lack of regulation of drug prices, forbidding Medicare from negotiating lower prices, and abuse of the U.S. patent system. This is appalling; there is no reason why this dru...

October 26, 2018

This morning, Health and Human Services Secretary Alex Azar gave a speech at the Brookings Institution about the administration's plan to reduce drug prices for drug covered by Part B of Medicare. While this is long overdue, does not affect Medicare Part D, pharmacy be...

October 23, 2018

The drug manufacturer AbbieVie Inc. has thrown up a formidable shield of patents around its drug Humira, preventing cheaper versions of the medicine from coming to market. This patent abuse should not be allowed to stand, and Congress, the Department of Health and Huma...

October 22, 2018

Recently on October 10th, the Department of Justice approved the proposed merger of the health insurance company Aetna and the drugstore chain and pharmacy benefit manager CVS (PBM). However the approval is dependent on Aetna divesting its Medicare Part D business, whi...

October 21, 2018

Maria Vullo, the New York State Superintendent of Financial Services had a pro-consumer tone.  She said she has a duty to protect consumers; the NYDFS has specific approval authority with regard to the CVS/AET transaction; and the DOJ approval of the deal took “a very...

October 21, 2018

Senators Susan Collins (R-Maine), Claire McCaskill (D-Missouri), and Debbie Stabenow (D-Michigan) championed the “Patient Right to Know Drug Prices Act” and “The Know the Lower Price Act.” The Patient Right to Know Drug Price Act bans the use of gag-clauses by pharmace...

October 10, 2018

This afternoon, President Trump signed two bipartisan bills into law today intended to lower patients’ prescription costs: Know the Lowest Price Act of 2018 (S. 2553) and the Patient Right to Know Drug Prices Act (S. 2554). The bills prohibit health insurers and pharma...

October 5, 2018

On Sunday, the US, Canada, and Mexico replaced NAFTA with the United States-Mexico-Canada Agreement (USMCA) after over a year of talks. President Trump had promised to renegotiate the agreement, and so the new agreement includes major changes. These changes range from...

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