Albert Bourla, the CEO of Pfizer, is set to attend a high-profile fundraiser at President Trump's golf club in Bedminster, New Jersey. The event, organized to support the pro-Trump group MAGA Inc. , aims to raise a whopping $25 million. This comes just a day after Trump sent letters to major drug companies, including Pfizer, demanding lower drug prices in the U. S. t...
In a surprising move, President Donald Trump hinted at a massive 200% tariff on imported pharmaceuticals. This announcement came during a cabinet meeting, catching many off guard. The president mentioned that these tariffs could be implemented soon but gave a grace period of about a year and a half. However, he didn't provide specific details, leaving everyone in sus...
The U. S. Federal Reserve has been printing a lot of money lately. From 2019 to 2023, they added over $6. 3 trillion to the economy. This has made things more expensive, including prescription drugs. People without insurance or with low incomes are hit the hardest. Bitcoin is different. It has a fixed supply. This means its value is more predictable. Some scientists...
The Republican Party is pushing forward with a plan to reduce Medicaid spending by hundreds of billions of dollars. This move comes despite internal disagreements and a promise from former President Trump not to cut the program. The House Republicans are determined to advance key parts of their bill, which includes significant changes to Medicaid and tax policies. ...
The United States has long struggled with high drug prices, which are often two to three times higher than in other developed countries. This is why President Trump recently revived a policy aimed at reducing these costs. This policy, known as the "most favored nation" approach, ties the prices the U. S. government pays for certain medicines to the lower prices pai...
Imagine hospitals and clinics buying drugs at bargain prices, yet billing insurance companies full price. This is the 340B Drug Pricing Program. It's designed to support safety-net hospitals and clinics, but it's also changing how doctors prescribe medicines, especially for breast cancer treatment. Doctors in the 340B program often prescribe more medicines and highe...
In a big step to make medications more affordable, the Biden administration recently revealed 15 prescription drugs that Medicare will negotiate prices for. Topping the list are drugs like Ozempic and Wegovy from Novo Nordisk. These drugs treat Type 2 diabetes and help with weight management, but their high costs have made them hard to access for many seniors. The ne...
Ever wondered how a country decides the price of new medicines? Spain has been working on an update to how it evaluates and prices drugs for its National Health System (NHS). They've got a plan that stretches from 2019 to 2024. The Advisory Committee on Pharmaceutical Financing (CAPF) has shared some recommendations to make this process more efficient and fair. Firs...
Lawmakers have been questioning Novo Nordisk, the company behind popular weight loss drugs Ozempic and Wegovy. The Senate wants to know why these medications are priced so much higher in the U.S. compared to other countries. For example, Americans with diabetes pay $969 per month for Ozempic, while Canadians pay just $155. The CEO of Novo Nordisk, Lars Fruergaard Jør...
Imagine a world where drugs cost differently based on where you live. That's what happened at a recent Senate hearing in Washington, D.C. Novo Nordisk's CEO, Lars Fruergaard Jorgensen, was asked some tough questions about the high prices of two important medications: Ozempic for diabetes and Wegovy for weight loss. Jorgensen blamed pharmacy benefit managers (PBMs) f...