• STAT+: Inflation caused another big drop in net drug prices, analysis finds

    6 days ago - By STAT

    Amid ongoing debate over the cost of prescription medicines, a new analysis finds that brand-name drugmakers increased their wholesale prices by 4.9% in the second quarter this year, up slightly from 4.4% a year earlier. But when accounting for inflation, wholesale prices fell by 3.7%, and inflationary pressures are likely to push wholesale prices still higher.
    At the same time, net prices that health plans paid for medicines - after subtracting rebates, discounts, and fees - dropped by 0.8%. But after considering inflation, net prices actually fell 7.9% compared with 3.8% in this year's...
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  • STAT+: White House pitches drug pricing reforms as a way to extend cancer patients' lives

    6 days ago - By STAT

    WASHINGTON - The White House is pitching an added benefit to Democrats' recent drug pricing reform package: lower cancer death rates.
    A new analysis by the Council of Economic Advisers focused on the new law capping Medicare patients' out-of-pocket costs for pharmacy drugs at $2,000 per year, starting in 2025. Over 449,000 current Medicare enrollees with a prior cancer diagnosis would save an average of nearly $1,600 per year on prescription drugs because of the out-of-pocket cap. Right now, there's no limit on patients' out-of-pocket costs. Continue to STAT+ to read the full story...
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