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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.
(Score: 2) by Runaway1956 on Monday February 11 2019, @07:02AM (3 children)
I can argue that mankind is an infectious virus . . . so even if I were what you believe me to be, then I would be "normal".
No need to worry so much though. The measles outbreak will induce a major die off soon enough. And, then all the rest of the White Horseman's bag of tricks.
I'm going to buy my defensive radar from Temu, just like Venezuela!
(Score: 2) by Azuma Hazuki on Monday February 11 2019, @11:48PM (2 children)
You and people who think and act like you have summoned that Horseman. Your collective death-instinct is so powerful and so strongly expressed that it's becoming a self-fulfilling prophecy. *That* is what I have a problem with: that the arc of the Reaper's scythe makes no distinction between the deserving and otherwise, and if anything tends to fall hardest on those who least deserve an untimely death.
I am "that girl" your mother warned you about...
(Score: 2) by Runaway1956 on Tuesday February 12 2019, @01:49AM (1 child)
*rolleyes*
I'm going to buy my defensive radar from Temu, just like Venezuela!
(Score: 2) by Azuma Hazuki on Tuesday February 12 2019, @01:53AM
Well, shit, now THERE is a decisive victory. How in the hell am I ever gonna argue with that kind of erudition and wit and well-researched rebuttal?
Seriously though: shortest. concession. speech. EVER. At least you finally admit it.
I am "that girl" your mother warned you about...