Stories
Slash Boxes
Comments

SoylentNews is people

posted by mrpg on Saturday February 09 2019, @07:01AM   Printer-friendly
from the good dept.

Ahead of potential regulation, Johnson & Johnson will include the list and potential out-of-pocket prices of the drugs it sells in television commercials, beginning with Xarelto (rivaroxaban):

Johnson & Johnson said on Thursday it will start adding the price of its medicines to television commercials by next month, becoming the first drugmaker to heed a call by U.S. President Donald Trump for price transparency of drugs advertised directly to consumers on TV.

The healthcare conglomerate said it will include both the list price of a product - the price before any rebates or discounts to insurers or pharmacy benefit managers - as well as potential out-of-pocket costs that patients will pay.

The move, announced in a statement on J&J's website, won swift praise from U.S. Health and Human Services Secretary Alex Azar. Last May, Azar's office released a blueprint for reducing the cost of drug prices, which included a proposal to require disclosure of list prices in TV ads for drugs.

[...] Republican Senator Chuck Grassley, chairman of the Senate Finance Committee, and Democratic Senator Ron Wyden, ranking member of the committee, on Monday invited executives from seven pharmaceutical companies, including J&J, to testify at a Feb. 26 hearing on rising drug prices.

Also at MarketWatch.


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 2) by istartedi on Saturday February 09 2019, @07:30PM

    by istartedi (123) on Saturday February 09 2019, @07:30PM (#798899) Journal

    The ones that really get me are the cancer drugs. I just picture a scene like: "Yeah, I know this is the Mayo Clinic and you're one of a few dozen oncologists who have handled a case like mine, but do you think Tumoraway would help?". face palm.

    --
    Appended to the end of comments you post. Max: 120 chars.
    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2