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
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