[CNBC] The $84,000 question: Will focusing on drug prices rein in costs?

05-22-2014 Press Release

By Meg Tirrell May 22, 2014   The mounting scrutiny of prescription drug prices in the U.S. reached fever pitch when a new drug for hepatitis C was priced at about $1,000 a day. Gilead Sciences’ Sovaldi, approved in December, cures the viral liver infection in most cases. it takes about 12 weeks, and costs […]

[MedPage Today] Medicaid Directors Question Need for $1,000 HCV Pill

05-22-2014 Press Release

By Michael Smith May 22, 2014   The evidence base for one of the star hepatitis C drugs is poor and the guidelines for its use are flawed, according to a report prepared for the National Association of Medicaid Directors. According to the report, studies of sofosbuvir (Sovaldi) are generally of poor quality, mostly directed […]

[Inside Health Policy] Spurred By Sovaldi’s Price, Drug Makers & Plans Consider Mortgaging Pricey Drugs

05-21-2014 Press Release

By John Wilkerson May 21, 2014   Spurred by the prospect of Sovaldi’s high cost, some policy wonks are talking about letting plans and state Medicaid agencies spread the cost of expensive drugs out over several years, much like a mortgage. The idea is in the early stages of discussion, and no trade group, politician […]

[Reuters] U.S. health insurers say Gilead hepatitis C drug too costly

05-21-2014 Press Release

By Bill Berkrot May 21, 2014   The leading U.S. health insurance trade group on Tuesday hit out at the extremely high cost of new specialty medicines, accusing drugmakers of taking advantage of the insurance system by pricing products at unsustainable levels. The latest salvo in the war on escalating U.S. healthcare costs came from AHIP – […]

[The Hill] Insurance lobby: Let’s beat government to drug cost reform

05-21-2014 Press Release

By Ferdous Al-Faruque May 21, 2014   The top health insurance lobbyist in the country says stakeholders are at a “crossroad” on addressing the growing cost of specialty medications themselves before the government steps in. During a panel discussion Wednesday, Karen Ignagni, president of America’s Health Insurance Plans, said insurance companies, drugmakers and pharmacy benefit managers […]

[Modern Healthcare] Excessive drug costs could invite price caps: AHIP’s Ignagni

05-21-2014 Press Release

By Paul Demko May 21, 2014   The steep cost of Sovaldi—Gilead Sciences’ $1,000-per-pill treatment for hepatitis C—is prompting wide-ranging discussions about the cost of drugs and whether the government should take more steps to regulate the cost of potentially life-saving treatments. “The Sovaldi example has brought us to a crossroads,” said Karen Ignagni, president […]

[Law360] Drugmakers, Insurers Battle Over Surging Big Pharma Prices

05-21-2014 Press Release

By Jeff Overly May 21, 2014   Executives representing drugmakers, employers and health insurers sparred Wednesday at a high-profile forum on soaring prescription drug prices, clashing over the need for higher-deductible plans, government cost controls and streamlined approvals at the U.S. Food and Drug Administration. The event, dubbed Future of Medicine and held in Washington, […]

[Healthcare Payer News] Sovaldi spurs call to action on high drug costs

05-21-2014 Press Release

By Anthony Brino May 21, 2014   The breakthrough hepatitis drug Sovaldi has sparked a vigorous debate about the financial sustainability of U.S. healthcare and the role of government in regulating prices. “The Sovaldi example has brought us to a crossroads,” said Karen Ignagni, president and CEO of America’s Health Insurance Plans, during a conference […]

[Politico] No consensus on how to afford specialty drugs

05-21-2014 Press Release

By Brett Norman May 21, 2014 The astronomical price of a new “miracle” drug for hepatitis C has insurers and others who ultimately foot health care bills agreeing that drug costs are out of control and must come down. But there’s little consensus on how to make that happen. Executives from insurers, pharmacy benefit managers […]

[Roanoke Times] The People’s Pharmacy: Will cost of cancer drugs break the bank?

05-20-2014 Press Release

By Joe and Teresa Graedon May 20, 2014   Cancer has become a cash cow for drug companies. Over the past decade, the cost of lifesaving medications has soared to an average of $10,000 a month. Although pharmaceutical manufacturers maintain that such costs are needed to cover research and development, insurance companies, patients and doctors […]

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