Latest Prescription drug costs News

Setbacks for Trump's drive to lower prescription drug costs

Jul. 11, 2019 6:09 PM EDT

WASHINGTON (AP) — After two setbacks this week, President Donald Trump is now focusing his drive to curb drug costs on congressional efforts aimed at helping people on Medicare and younger generations covered by workplace plans. The White House on Thursday yanked its own regulation to ease the financial...

Judge strikes down rule requiring drug ads to reveal prices

Jul. 8, 2019 10:52 PM EDT

WASHINGTON (AP) — A federal judge Monday blocked a major White House initiative on prescription drug costs, saying the Trump administration lacked the legal authority to require drugmakers to disclose their prices in TV ads. The narrow ruling by U.S. District Judge Amit Mehta in Washington, D.C., struck...

Congress has ambitious agenda tackling health care costs

Jul. 7, 2019 9:00 AM EDT

WASHINGTON (AP) — Lawmakers are trying to set aside their irreconcilable differences over the Obama-era Affordable Care Act and work to reach bipartisan agreement on a more immediate health care issue, lowering costs for people who already have coverage. Returning from their Fourth of July recess, the...

Trump promises order aimed at lower prescription drug prices

Jul. 5, 2019 1:04 PM EDT

WASHINGTON (AP) — President Donald Trump is promising an executive order that he says is intended to enable the U.S. government to pay lower prices for prescription drugs. Trump says his administration soon would announce a "favored-nations clause," where the amount paid by the government for a particular...

Police: $30,000 offered in shooting that wounded Ortiz

Jun. 30, 2019 3:58 PM EDT

SANTO DOMINGO, Dominican Republic (AP) — Police say a suspected drug trafficker offered to pay $30,000 for the shooting that wounded baseball slugger David Ortiz, who was sitting near the intended victim. National Police spokesman Frank Félix Duran Mejía told a news conference on Sunday that the...

Future is in doubt for cheaper versions of biologic drugs

Jun. 27, 2019 10:47 AM EDT

TRENTON, N.J. (AP) — They were the drugs that were supposed to save the U.S. tens of billions of dollars. Called "biosimilars," they are near-copies of complex and expensive biologic drugs to treat cancer, rare diseases and autoimmune disorders like rheumatoid arthritis and colitis. But U.S. sales have...

Louisiana reaches 'Netflix-model' deal to tackle hepatitis C

Jun. 26, 2019 5:17 PM EDT

BATON ROUGE, La. (AP) — For years, Louisiana offered hepatitis C treatment to only the most severe cases in its Medicaid program and prisons, unable to afford broader access to the extremely high-priced medications. That will change in July, when the state begins a treatment model it says can cure tens of...

Suit: Generic drug makers used code to fix price increases

Jun. 24, 2019 6:32 PM EDT

BOSTON (AP) — Representatives of some of the nation's largest generic drug manufacturers used code words to collude with competitors to divvy up market share and coordinate price increases according to a federal lawsuit. The code words were used in internal emails highlighted in the lawsuit filed last...

Trump, Canada's Trudeau try to build momentum for trade pact

Jun. 20, 2019 8:03 PM EDT

WASHINGTON (AP) — President Donald Trump and Canadian Prime Minister Justin Trudeau sought to demonstrate a united front Thursday in the uphill effort to get a replacement for the North American Free Trade Agreement over the finish line. At Trump's insistence, the U.S., Canada and Mexico agreed to an...

Florida governor signs bill for foreign drug importation

Jun. 11, 2019 4:27 PM EDT

FORT LAUDERDALE, Fla. (AP) — Floridians could eventually gain access to cheaper prescription drugs from Canada and other countries under legislation signed into law Tuesday by Gov. Ron DeSantis, if the federal government gives it a green light. The Republican governor signed the bill in The Villages, home...