Showing posts with label pricing. Show all posts
Showing posts with label pricing. Show all posts

Friday, May 12, 2023

Scrutinizing Drug Wholesaler Pricing

Read the full source article:
Drug Wholesalers Elude Congress Scrutiny in Pricing Debate (1) - Bloomberg Law

According to the news article:

"Wholesalers that distribute prescription drugs to pharmacies need scrutiny as Congress investigates the roles of supply chain middlemen in drug pricing, analysts say."

"Wholesalers have gotten limited attention on Capitol Hill, even as tackling high drug costs has become a major priority among key lawmakers in both chambers. Various entities can benefit from higher list prices from drugmakers, researchers and analysts say. Any examination of how drug prices are formed should include wholesalers and all other components of the supply chain, they argue."

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Friday, June 3, 2016

California and the Future of the US Rx Pricing | Pharmaceutical Executive


Read the full article: California and the Future of the US Rx Pricing | Pharmaceutical Executive:

"First of all, what does the California proposition mandate?

 “The California Drug Price Relief Act” states that any prescription drug obtained by the State of California shall be purchased at the same “fixed price” that is accorded to the U.S. Veterans Administration, i.e., at about a 42% of average wholesale price. This is a really low price that is accorded to the VA as gesture of drug industry support for the armed services. It was never meant to be a market price point, but that is exactly what may happen if this California initiative passes on Nov. 8th."

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Friday, February 1, 2013

Homecare Association - CMS Pricing Program Spiraling Out of Control

Homecare Association Says CMS Pricing For DME Equipment Will Endanger Seniors, Cost Jobs,... -- WASHINGTON, Jan. 30, 2013 /PRNewswire-USNewswire/ --:

"While CMS, which administers the Medicare program, alleges it will save an average of 45 percent on certain medical equipment by extending its controversial bidding program to 91 new areas, those so-called savings are created by a sharp decline in utilization of home medical equipment by Medicare patients. Experts say the unrealistic low prices for durable medical equipment (DME), like the ones announced today, are forcing providers in the affected communities to go out of business or no longer offer products or services to Medicare beneficiaries.

"It's ironic that a program that is supposed to increase competition among providers is actually reducing competition, costing jobs in communities, and putting Medicare patients at risk," said Tyler Wilson , president of the American Association for Homecare (AAHomecare). "This program is spiraling out of control. Providers, consumer advocates, and economists are urgently calling on Congress to adopt a better system.""

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