Pharmaceutical Industry CEOs Face Senate Hearing on Drug Prices

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“The drug industry is going to come in and blame the pharmacy-benefit managers for the problems and say, ‘It’s not our fault’ ”

Peter.Loftus@dowjones.com Feb. 25, 2019 2:50 p.m. ET Executives for some of the biggest pharmaceutical companies will visit Capitol Hill on Tuesday to face tough questions in a Senate hearing on the rising cost of medicines.

The executives lead companies with some of the highest-grossing drugs in the world, and have routinely raised prices on many of their products. Scheduled to testify are chief executives from AbbVie Inc.; Bristol-Myers Squibb Co.; Merck & Co.; Pfizer Inc.; AstraZeneca PLC; and Sanofi SA. Johnson & Johnson, the world’s largest health-care company,... To Read the Full Story

 

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This has gotten way out of hand. In many cases, health insurance companies will not even cover the cost of some medications because big pharma is charging a ridiculous amount. SUSocialWork

Desiree17826232 This has gotten way out of hand. In many cases, health insurance companies will not even cover the cost of some medications because big pharma is charging a ridiculous amount.

Pharmaceutical companies shouldn't have all the control of medicine. Everyone should be able to afford the medicine they need.SUsocialwork

It is complicated, but too often, a 'new' drug is just a slight alteration of another company's drug. The new drug wins a patent , and costs much.

What about Berry and Honey Sherman that were murdered? It was an assignation! It has to do with Israel and the Canadian goverment. Why no foiiowups?

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.

And so............ let the divorce wars begin!

The drugs are too damn high.

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