Pharma companies wants the government to do something about high drug prices, so long as it's not forcing them to lower their drug prices

\n\nPharmaceutical CEOs and executives from seven companies went in front of Congress on Tuesday to testify about the high price of prescription drugs.\nOver the course of a few hours, senators grilled the executives about the role they play in setting high prices for Americans as well as what they could do to fix it. \nToward the end, the executives seemed to reach a consensus that it;&#x0027ll take government action to solve the conundrum of how we get to lower prices.

\n;&#x0022We couldn’t do that independently of major reform because we would lose formulary placement if we were doing that in isolation, especially in competitive areas,;&#x0022 Brandicourt said. \nAstraZeneca CEO Pascal Soriot said the US healthcare system is set up in a way that no longer works. \n;&#x0022We are in a system that used to be fit for purpose and drove enormous savings, but is no longer fit for purpose,;&#x0022 Soriot said.

ZTracer Next up needs to be PBMs, but do the members of the committee understand them well enough to ask the right questions and actually get anywhere?

People can not afford to pay for insulin now, drug manufacturers need to stop killing people for profit.

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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.
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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.
Source: MSNBC - 🏆 469. / 51 Read more »