Senators and witnesses at today's Senate Finance Committee on PBMs took aim at PBMs for their role in what they say keeps drug prices high for consumers and for the Medicare program.
The National Association of Chain Drug Stores and the National Community Pharmacists Association are lauding the introduction of S. 1038, the Drug Pricing Transparency in Medicaid Act, introduced by U.S. Sens. Peter Welch (D-Vt.) and Roger Marshall (R-Kan.).
Starting next month, some Medicare beneficiaries will pay less out of pocket for 27 prescription drugs whose prices rose faster than inflation late last year, the Department of Health and Human Services said Wednesday.
House Republicans have launched an investigation into the companies that manage drug benefits, dialing up the scrutiny of the middlemen who play an important role in how much medicines cost.
The Biden administration unveiled three drug payment programs Tuesday aimed at helping reduce patients' out-of-pocket costs, including one that would potentially lower Medicare payments for promising treatments approved by the FDA before clinical trials are complete.
After several rounds of treatment for a rare eye cancer — weekly drug infusions that could cost nearly $50,000 each — Paul Davis learned Medicare had abruptly stopped paying the bills.
Humira has been the world's best selling medicine since it arrived on the market in 2002. Now, it is finally getting competition.
The U.S. government will begin imposing penalties in 2025 on drug companies that charge its Medicare program prices that rise faster than inflation, the Centers for Medicare & Medicaid Services said on Thursday.
The Senate Judiciary Committee on Thursday advanced five bipartisan bills that aim to boost generic and biosimilar competition in the pharmaceutical marketplace by voice vote.
The fear started when a few patients saw their nurses and dietitians posting job searches on LinkedIn. Word spread to Facebook groups, and patients started calling Coram CVS, a major U.S. supplier of the compounded IV nutrients on which they rely for survival.