Latest Prescription drug costs News

This April 2019 photo provided by America's Health Insurance Plans shows Matt Eyles, CEO of America’s Health Insurance Plans.  Health insurers are hunting for more ways to tame rising costs. Aside from looking at prescription drugs, they're also covering meal deliveries and even some housing costs to keep people healthy and out of expensive emergency rooms.    Eyles discusses with The Associated Press about these challenges and other issues.(America's Health Insurance Plans via AP)

Insurers weigh future filled with pricey drugs, coronavirus

Mar. 15, 2020 10:00 AM EDT

If your doctor wants to prescribe an extremely expensive drug, expect your insurer to look hard first at whether it works before agreeing to pay. Health insurers are hunting for more ways to tame rising costs. Aside from looking at prescription drugs, they're also covering meal deliveries and even some housing...

FILE - In this June 19, 2015, file the Justice Department Building in Washington. The Justice Department says pharmaceutical company Sandoz Inc. will pay a $195 million penalty to resolve criminal charges of conspiring to fix prices and rig bids for generic drugs. Officials say Monday, March 2, 2020, that the company would admit guilt and pay the penalty. (AP Photo/Andrew Harnik, File)

Drug maker Sandoz Inc. to pay $195M fine in antitrust case

Mar. 2, 2020 7:01 PM EST

WASHINGTON (AP) — The Justice Department said Monday that pharmaceutical company Sandoz Inc. will pay a $195 million penalty to resolve criminal charges of conspiring to fix prices and rig bids to stifle competition for generic drugs. As part of the agreement, the generic pharmaceutical company...

The British Prime Minister's Europe adviser David Frost, left, arrives for the start of the first round of post -Brexit trade talks between the EU and the UK, at EU headquarters in Brussels, Monday, March 2, 2020. Long-awaited trade talks between the EU and Britain kick off Monday amid deep tensions over Prime Minister Boris Johnson's threat to walk away from the talks if not enough progress is made within four months. (Olivier Hoslet. Pool Photo via AP)

EU-UK trade talks kick off amid threats and deadlines

Mar. 2, 2020 1:15 PM EST

BRUSSELS (AP) — Long-awaited trade talks between the European Union and Britain kicked off Monday amid deep tensions over Prime Minister Boris Johnson’s threat to walk away from the negotiations if not enough progress is made within four months. Britain left the EU on Jan. 31, the first country ever...

This undated photo provided by Esperion Inc. shows the cholesterol-lowering drug Nexletol made by Esperion Therapeutics Inc.  The Food and Drug Administration on Friday, Feb. 21, 2020  approved Esperion Therapeutics Inc.’s Nexletol for people genetically predisposed to have sky-high cholesterol and others who have heart disease and need to further lower their bad cholesterol.(Esperion Inc. via AP)

FDA approves drug that lowers cholesterol in a new way

Feb. 22, 2020 4:11 PM EST

TRENTON, N.J. (AP) — U.S. regulators on Friday approved a new type of cholesterol-lowering drug aimed at millions of people who can't tolerate — or don't get enough help from — widely used statin pills like Lipitor and Crestor. The Food and Drug Administration approved Esperion Therapeutics...

AP FACT CHECK: Trump hypes 'comeback,' impeachment acquittal

Feb. 10, 2020 12:54 AM EST

WASHINGTON (AP) — President Donald Trump says the world is witnessing a great American economic revival that he brought on by reversing course from the Obama years. Yet the economy is not so different from the robust one he inherited and disparages at every turn. Trump's State of the Union speech came...

In this Jan. 31, 2020, photo, Ann Lovell carries her box of prescriptions after returning to Salt Lake City International Airport following her visit to Tijuana, Mexico. Lovell travels every few months to Tijuana, Mexico, to buy medication for rheumatoid arthritis with tickets paid for by the state of Utah's public insurer. Lovell is one of about 10 state workers participating in a year-old program to lower prescription drug costs by having public employees buy their medication in Mexico at a steep discount compared to U.S. prices. (AP Photo/Rick Bowmer)

Utah sends employees to Mexico for lower prescription prices

Feb. 9, 2020 10:57 AM EST

SALT LAKE CITY (AP) — Ann Lovell had never owned a passport before last year. Now, the 62-year-old teacher is a frequent flier, traveling every few months to Tijuana, Mexico, to buy medication for rheumatoid arthritis — with tickets paid for by the state of Utah’s public insurer. Lovell is...

State Senate considers bills to cut prescription drug costs

Feb. 9, 2020 10:04 AM EST

PROVIDENCE, R.I. (AP) — Rhode Island's Senate is considering a package of bills aimed at addressing the rising cost of prescription drugs. Eight bills were introduced this month. They aim to provide a way to import cheaper drugs from Canada, ensure more market transparency, raise consumer awareness about...

President Donald Trump delivers his State of the Union address to a joint session of Congress on Capitol Hill in Washington, Tuesday, Feb. 4, 2020, as Vice President Mike Pence ad House Speaker Nancy Pelosi of Calif., listen. (AP Photo/Patrick Semansky)

AP FACT CHECK: Trump, Dems and the state of disunion

Feb. 8, 2020 8:22 AM EST

WASHINGTON (AP) — President Donald Trump says the world is witnessing a great American economic revival that he brought on by reversing course from the Obama years. Yet the economy is not so different from the robust one he inherited and disparages at every turn. Trump's State of the Union speech came...

FILE - In this Sept. 7, 2016 file photo, John Davis, then executive director of the Mississippi Department of Human Services, answers lawmakers questions at a hearing at the Capitol in Jackson, Miss. Special agents from the office of State Auditor, have arrested Davis, and several others in connection with a multi-million dollar embezzlement scheme. The indictments include a range of violations involving fraud and embezzlement. (AP Photo/Rogelio V. Solis, File)

Auditor: More than $4M stolen from Mississippi welfare funds

Feb. 6, 2020 7:48 PM EST

JACKSON, Miss. (AP) — Mississippi's state auditor said Thursday that investigators believe at least $4 million in federal welfare money was stolen by the former head of the state welfare agency and others in the nation's poorest state. At least $48,000 of that paid for a luxury drug rehabilitation program...

President Donald Trump delivers his State of the Union address to a joint session of Congress on Capitol Hill in Washington, Tuesday, Feb. 4, 2020, as Vice President Mike Pence ad House Speaker Nancy Pelosi of Calif., listen. (AP Photo/Patrick Semansky)

AP FACT CHECK: Trump's exaggerated 'great American comeback'

Feb. 5, 2020 1:20 PM EST

WASHINGTON (AP) — The "great American comeback” President Donald Trump claimed in his State of the Union speech drew on falsehoods about U.S. energy supremacy, health care and the economy as well as distortions about his predecessor's record. In arguing, in essence, that he has made America great...