Defying Trump, drugmakers hike prescription drug prices for 2019

[Rogue Valley]

Defying Trump, drugmakers hike prescription drug prices for 2019

1/2/19
Nearly 30 drugmakers have taken steps to raise the prices of their medicines in January, ending a self-declared halt to increases made by a pharma industry under pressure from President Donald Trump. The hikes, as seen in documents viewed by Reuters, will pose a new challenge to Trump's pledge to lower the costs of prescription medications in the world's most expensive pharmaceutical market. Twenty-eight drugmakers filed notifications with California agencies in early November, disclosing that they planned to raise prices in 60 days or longer. Under a state law passed last year, companies are required to notify payers in California if they intend to raise the list price on any drug by more than 16 percent over a two-year period. "Requests and public shaming haven't worked" to lower drug prices, said Michael Rea, chief executive of RX Savings Solutions, which helps health plans and employers seek lower cost prescription medicines. "We expect the number of 2019 increases to be even greater than in past years." Lowering prescription drug prices was a top priority in Trump's 2016 presidential campaign. Rival Democrats are expected to step up congressional scrutiny of drug price hikes this year now that they have control of the House of Representatives.

Big Pharma is flashing the bird at the Great Dealmaker.

 

[Ikari]

Big Pharma don't care. Unless Trump wants to do something more, there's nothing that will be done about their continued price gouging of the People.

 

[tres borrachos]

Defying Trump, drugmakers hike prescription drug prices for 2019

Big Pharma is flashing the bird at the Great Dealmaker.

Promises made, promises ke......oh never mind.

 

[Hawkeye10]

Defying Trump, drugmakers hike prescription drug prices for 2019

Big Pharma is flashing the bird at the Great Dealmaker.

I am shocked, shocked I tell ya.....