Similar Stories to Did Landmark Laws From Congress Enable High Drug Prices? on Bing News

In the last 13 years, Congress passed major legislation that expanded taxpayer-financed coverage for prescription drugs but lacked explicit mechanisms for dealing with costs, instead relying mainly on market forces. "Congress in attempting to expand access to prescription drugs has inadvertently created a situation where price increases are much more rapid," said economist Paul Ginsburg, a former congressional adviser on Medicare who now directs the Brookings Institution health policy center. Government-sponsored coverage injected more dollars into the market for medications, and new consumer protections curtailed some blunt instruments insurers used to control costs, such as annual and lifetime limits on the dollar value of coverage. Congressional indignation was on display recently as House members grilled Mylan CEO Heather Bresch about price increases for her company's EpiPens, prefilled syringes that deliver a rescue drug for people suffering life-threatening allergic reactions. —Obama's health care law provided makers of cutting-edge biologic drugs 12 years of protection from generic competitors, not a shorter period sought by consumer advocates. A Kaiser Family Foundation poll released Thursday shows strong support for requiring drug companies to disclose how they set prices (86 percent), Medicare negotiations (82 percent), price limits on costly drugs to treat cancer and diseases like hepatitis (78 percent), and allowing Americans to import medications from Canada (71 percent).

BING NEWS:
  • As the US moves to reclassify marijuana as a less dangerous drug, could more states legalize it?
    A federal proposal to reclassify marijuana as a less dangerous drug has raised the hopes of some pot backers that more states will embrace cannabis ...
    05/4/2024 - 2:02 am | View Link
  • Senate Finance Committee introduces legislation aimed at fixing drug shortages
    The Senate Finance Committee introduced bipartisan legislation Friday aimed at preventing and reducing generic drug shortages by leveraging Medicare and Medicaid programs. The draft legislation ...
    05/2/2024 - 10:00 pm | View Link
  • Schumer Reintroduces Comprehensive Cannabis Legalization Bill in Congress
    A trio of U.S. Senators reintroduced their plan for comprehensive cannabis law reform on Wednesday. Senate Majority Leader Chuck Schumer and Senate Majority Leader Chuck Schumer and Sens. Ron Wyden ...
    05/1/2024 - 10:03 am | View Link
  • Easing Marijuana Laws Doesn’t Mean the Drug Is Safer
    “Once published by the Federal Register, it will initiate a formal rulemaking process as prescribed by Congress in the Controlled Substances ... Doing research studies involving a Schedule I drug ...
    04/30/2024 - 1:00 pm | View Link
  • Biden Administration Aims to Reclassify Marijuana as Less Dangerous Drug
    W ASHINGTON—The Biden administration is working on a plan to reclassify marijuana as a less dangerous drug, people familiar with the matter said, a potentially historic move that could make it much ...
    04/30/2024 - 12:35 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News