In advance of the U.S. Senate Committee on Finance hearing on February 26, 2019, the Campaign for Sustainable Rx Pricing (CSRxP) is releasing a blog series on what lawmakers can expect to hear from the seven pharma executives who will attend – and why their rhetoric rings hollow when measured against their companies’ track record. […]
As bipartisan momentum to hold Big Pharma accountable and take action on out-of-control drug prices continues to build, the U.S. Senate Committee on Finance is scheduled to question the executives of seven major pharmaceutical manufacturers on February 26, 2019. In advance of the hearing, the second held by the committee on drug pricing this year, […]
On Tuesday, the U.S. House Oversight and Reform and Senate Finance Committees held their first hearings on drug pricing. The fact that the first hearings held in these committees were about skyrocketing drug prices sent a clear message to Big Pharma that Congress is ready to hold them accountable for their price-gouging tactics. Check out […]
Drug Companies Have Been Warned: House & Senate Chairmen & Ranking Members Pledge To Work Together To Hold Big Pharma Accountable U.S. Senate Chairman Of The Committee On Finance Chuck Grassley: “You will hear many numbers describing the costs of prescription drugs. Those numbers are impressive, but the stories I have heard from patients, doctors, […]
The jig is up – a new report showsthat “the skyrocketing cost of many prescription drugs in the U.S. can be blamed primarily on price increases, not expensive new therapies or improvements in existing medications as drug companies frequently claim.” The new research, published in Health Affairs, shows that drugs are increasing at a rate faster than […]
Right on cue, dozens of pharmaceutical companies rang in the new year by increasing hundreds of drug prices by up to 15 times the rate of inflation – despite the fact that their profits continue to far exceed spending on research and development. In just one week: Allergan increased the price of two dozen drugs […]
If at first you don’t succeed try, try again. That’s the old adage Big Pharma is sticking with this month in a last-ditch effort to make more money on the backs of patients and taxpayers. Here’s a quick backstory: Earlier this year, Congress took significant steps in the Bipartisan Budget Act of 2018 (BBA) to […]
Now that the midterms are over, it is now time for candidates to do what they promised voters if elected: enact real solutions that will rein in out-of-control drug prices. Across the country, skyrocketing drug prices became one of the most prominent issues on the campaign trail – and for good reason. One-in-four Americans can’t […]
Executives of three major drug manufacturers – Pfizer, Merck and AbbVie – are doubling down on three drivers of Big Pharma’s business strategy: Price-Gouging: After agreeing to suspend price increases earlier this year, Pfizer CEO Ian Read told shareholders on the company’s Q3 earnings call that they’re going back to “business as normal” – i.e. […]
The American economy may be booming and paychecks may be growing, but one-in-four Americans still cannot afford the medications they need. As Big Pharma continues to raise drug prices at a pace that far exceeds the rate of inflation – patients across the country struggle to keep up, barely able to afford the medications they […]