Pharmaceutical executives on Capitol Hill answer questions on rising drug costs

The top executives from seven major drugmakers told a Senate committee Tuesday that their industry isn’t solely to blame for historically high drug prices, setting up a clash with lawmakers who insist the companies are gaming a broken system.

Testifying were the CEOs of AbbVie, AstraZeneca, Bristol-Myers Squibb, Pfizer and Sanofi, and a top executive for Johnson & Johnson. PHOTO: Chairman Sen. Chuck Grassley takes his seat at a Senate Finance Committee organizational meeting and hearing in Washington, Feb. 2, 2019. Sen. Charles Grassley, the new chair of the Senate Finance Committee, said he still wants answers on what drugmakers can do to drive down high list prices, which often translate to bigger copays.

Overall, drug spending has risen rapidly in recent decades as pharmaceutical companies churn out new, groundbreaking drugs with high price tags that industry executives say are needed to recoup research costs.

They lie and get away with it ! All about political $$$$ ask the senator Queen from New York ! As well as the rest of them

Well the politicians are part of the corrupt pharmaceutical industry so they will choose their questions carefully.

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‘It’s finally pharma’s turn’: Drug CEOs face Capitol Hill reckoningSeven drugmakers will be grilled over high prices at a hearing this week, in what could be a watershed moment for the industry. Please... grill away They charge as much as the market will endure - and the ill will pay anything. For what nothing's going to happen .
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Big Pharma companies defending skyrocketing prices on the HillAmericans spent more than $300 billion on prescription drugs last year alone and that’s set to get even higher. Right now, the heads of seven major pharmaceutical companies are on Capitol Hill, trying to defend the skyrocketing costs. Ali Velshi and Stephanie Ruhle are joined by Hippo’s Chief Patient Advocate, MJ Hegar, who claims to have the answer to all of this. How many gave donations to various campaigns? That's wicked, greedy cabal right there. NO excuse for GREED.
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‘It’s finally pharma’s turn’: Drug CEOs face Capitol Hill reckoningSeven drugmakers will be grilled over high prices at a hearing this week, in what could be a watershed moment for the industry. Please... grill away They charge as much as the market will endure - and the ill will pay anything. For what nothing's going to happen .
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Pharmaceutical Industry CEOs Face Senate Hearing on Drug PricesExecutives for some of the biggest drug companies will visit Capitol Hill on Tuesday to face tough questions in a Senate hearing on the rising cost of medicines. The drugs are too damn high. And so............ let the divorce wars begin! They’ve already started up with this bulls*** (I’ve been hearing the same line blaming everything on PBM’s, with suspiciously similar phrasing, crop up in discussions about drug prices) however bad PBMs are it’s the drug companies who are making gazillions by gouging patients.
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Pharmaceutical Company CEOs Face Grilling in Senate Over High Drug PricesLawmakers criticized pharmaceutical industry leaders during Senate testimony Tuesday, for failing to put patients before profits. The executives deflected blame over high drug prices to insurance companies and middlemen. been a hippister. Greed...what ELSE is new? Glad to see how 'well' the Free Market is 'working' t lower healthcare cost overall! Annddddddd nothing will come of it. Absolutely nothing.
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