WASHINGTON/NEW YORK - U.S. Senators called drug pricing practices “morally repugnant” and told drug company executives they do not want to hear them blame others for the high prices, taking an aggressive stance at the start of a Senate hearing on the rising costs of prescription medicines.
In his opening statement, Ron Wyden, the Senate Finance Committee’s top Democrat tore into each company one-by-one for “profiteering and two-faced scheming.” U.S. President Donald Trump has said drugmakers are “getting away with murder,” and his administration has made bringing down prescription medicine costs for U.S. consumers a top priority.
Pharmaceutical companies have blamed high research and development costs for their prices, as well as discounts, or rebates, they must provide to pharmacy benefits managers and insurers to ensure patient access to their medicines. HHS has proposed a rule to eliminate rebates in Medicare and Medicaid, the government health insurance programs.
AntiTrumpReport but they sent myself and a date on a wonderful trip to Cancun
Easy to say when it is other peoples' profits.
What is morally repugnant is the fact that elected representatives continue to promote Rx drugs with SUICIDE side effects, and do nothing to remove Direct-to-Consumer Marketing of such drugs despite their BLACK BOX SUICIDE WARNINGS & consequence of addiction, suicide & massacre
They'll still accept PHARMA money and do NOTHING about EVERGREENING. (Google it) Generic Drugs are what makes Canadian medicine so affordable. Allowing PHARMA to renew Patents by changing anything to the drug keeps Generic drugs from Market. TalkIsCheap MSNBC
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
These Senators Received The Biggest Checks From Pharma Companies Testifying TuesdaySeven pharma executives are expected to face tough questions about the price of their drugs Tuesday before the U.S. Senate Finance Committee. They’ll also be answering to a group that’s received hundreds of thousands of dollars in campaign contributions from their own companies’ PACs. We need caps on lobbyists Bernard Noble was sentenced to 14 years, for possession of 2 joints, But John Boehner’s epiphany sent the stock market up several points. Marijuana, cocaine and heroin dealers are locked up in the caboose, Biggy Pharma, Congress, DEA, DOJ, opioid distributors, are in cahoots. 115 Americans die every day from an opioid overdose GOP congressman Tom Marino wrote a bill, made the situation worse. The Law made it more difficult to prosecute the distribution of this killer pill Bull shit walks while money talks, throughout the corridors of Capitol Hill.
Source: Forbes - 🏆 394. / 53 Read more »
Live Analysis: Drug-Company CEOs Take the Hot Seat Before CongressRising drug prices will be in the spotlight as pharmaceutical industry executives testify before the Senate Finance Committee, where lawmakers are expected to ask executives from firms such as Merck and Pfizer about their pricing practices and other issues. They got a free ride & red carpet rolled out under the obama administration. Na sala de aula Like the tobacco CEOs, pharma bosses are making promises and claims they will come to regret as Americans crack down on those who extract massive profits from the sick.
Source: WSJ - 🏆 98. / 63 Read more »