TL;DR of PhRMA's statement on the House plan to lower drug prices? "We're good with the high prices, thanks."
Welcome to the Week in Review in prescription drug pricing!
1.Get on board the negotiation train
The House has offered up a robust plan that would allow Medicare to negotiate prescription drug prices. It would lead to major savings for patients and taxpayers across America. — (AP)
2.Patients over party!
Trump Tweeted that he likes House Speaker Nancy Pelosi’s drug pricing plan and called for getting it done ‘the bipartisan way.’ Congress: Please do! — (STAT)
3.PhRMA and BIO LOL
PhRMA and BIO are threatening the end of days if taxpayers negotiate. MEMO: The profit margins of drug corporations are almost three times the average of the S&P 500. Plenty of room to lower drug prices and fund innovation there. — (HealthLeaders Media)
4.Product hops must stop!
5.International Pricing Index: Let’s make a deal