Latest Prescription drug costs News

President Donald Trump participates in a roundtable discussion on the coronavirus outbreak and storm preparedness at Pelican Golf Club in Belleair, Fla., Friday, July 31, 2020. (AP Photo/Patrick Semansky)

AP FACT CHECK: Trump hype on drug costs, hydroxychloroquine

Aug. 3, 2020 12:07 AM EDT

WASHINGTON (AP) — President Donald Trump is making grandiose claims about slashing drug prices and the efficacy of a treatment for COVID-19 that don’t hold up to reality. In a tweet Sunday, he asserts that he will reduce drug prices by at least 50%. That’s highly unlikely. Measures announced...

With Air Force One in the background, President Donald Trump speaks during a campaign event with Florida Sheriffs in Tampa, Fla., Friday, July 31, 2020. (AP Photo/Patrick Semansky)

AP FACT CHECK: Trump's election agitations and distortions

Aug. 1, 2020 8:09 AM EDT

WASHINGTON (AP) — Heads snapped and eyes rolled when President Donald Trump made a case for considering an election postponement in the pandemic. Republican and Democratic lawmakers, who agree on precious little, said forget about it. Among them, Senate Majority Leader Mitch McConnell agreed Nov. 3 is set...

President Donald Trump speaks during an event to sign executive orders on lowering drug prices, in the South Court Auditorium in the White House complex, Friday, July 24, 2020, in Washington. (AP Photo/Alex Brandon)

With no new law to curb drug costs, Trump tries own changes

Jul. 25, 2020 12:18 AM EDT

WASHINGTON (AP) — Unable to land the big deal with Congress to curb drug costs, President Donald Trump has moved on his own to allow imports of cheaper medicines, along with other limited steps that could have some election-year appeal. At a White House ceremony Friday, Trump signed four executive orders....

President Donald Trump speaks during an event to sign executive orders on lowering drug prices, in the South Court Auditorium in the White House complex, Friday, July 24, 2020, in Washington. (AP Photo/Alex Brandon)

With no new law to curb drug costs, Trump tries own changes

Jul. 24, 2020 9:23 PM EDT

WASHINGTON (AP) — Unable to land the big deal with Congress to curb drug costs, President Donald Trump on Friday moved on his own to allow imports of cheaper medicines, along with other limited steps that could have some election-year appeal. At a White House ceremony, Trump signed four executive orders....

Sununu signs bill to import prescription drugs from Canada

Jul. 16, 2020 5:02 PM EDT

CONCORD, N.H. (AP) — Gov. Chris Sununu on Thursday signed a bill to import low-cost prescription drugs from Canada to New Hampshire. New Hampshire will now follow Maine, Vermont and other states that have passed legislation to set up importation programs with Canada. Sununu said in a news release the...

Mississippi man pleads guilty in big health care fraud case

Jul. 12, 2020 11:11 AM EDT

HATTIESBURG, Miss. (AP) — A Mississippi businessman faces up to 20 years in prison and $500,000 in fines after pleading guilty to his part in a $510 million health care fraud scheme involving high-priced prescription pain cream. Wade Walters, 53, of Hattiesburg, appeared in federal court Thursday and...

House Speaker Nancy Pelosi of Calif., speaks at a news conference on Capitol Hill in Washington, Friday, June 26, 2020. (AP Photo/Carolyn Kaster)

Dems push campaign-season health care bill through House

Jun. 29, 2020 5:56 PM EDT

WASHINGTON (AP) — Democrats pushed a package expanding “Obamacare” coverage through the House on Monday, a measure that's doomed to advance no further but spotlights how the coronavirus pandemic and President Donald Trump's efforts to obliterate that law have fortified health care's potency...

FILE - This is an April 30, 2020, file photo showing Gilead Sciences headquarters in Foster City, Calif. The maker of a drug shown to shorten recovery time for severely ill COVID-19 patients says it will charge $2,340 for a typical treatment course for people covered by government health programs in the United States and other developed countries. Gilead Sciences announced the price Monday, June 29 for remdesivir, and said the price would be $3,120 for patients with private insurance. It will sell for far less in poorer countries where generic drugmakers are being allowed to make it. (AP Photo/Ben Margot, File)

Gilead's $2,340 price for coronavirus drug draws criticism

Jun. 29, 2020 11:55 AM EDT

The maker of a drug shown to shorten recovery time for severely ill COVID-19 patients says it will charge $2,340 for a typical treatment course for people covered by government health programs in the United States and other developed countries. Gilead Sciences announced the price Monday for remdesivir, and said...

Members of the South Korean military band wearing face masks to help protect against the spread of the new coronavirus cross a road during an event to commemorate the upcoming 70th anniversary of the Korean War, in Seoul, South Korea, Monday, June 15, 2020. (AP Photo/Ahn Young-joon)

The Latest: Coronavirus still spreading in 2nd S Korea wave

Jun. 18, 2020 11:30 PM EDT

SEOUL, South Korea — The coronavirus continues to spread in South Korea, particularly in the densely populated Seoul metropolitan region, which is home to half the country’s 51 million people. The Korea Centers for Disease Control and Prevention reported 49 new cases for the nation Friday, with 26...

FILE - In this June 15, 2018 photo, pharmaceuticals are seen in North Andover, Mass. In a major legal setback for President Donald Trump on a high-profile consumer issue, a federal appeals court has ruled that his administration lacks the legal authority to force drug companies to disclose prices in their TV ads. (AP Photo/Elise Amendola, File)

Court strikes down Trump rule that drugmakers disclose price

Jun. 17, 2020 5:06 PM EDT

WASHINGTON (AP) — In a major legal setback for President Donald Trump on a high-profile consumer issue, a federal appeals court has ruled that his administration lacks the legal authority to force drug companies to disclose prices in their TV ads. The ruling denies Trump an easy-to-understand win on a...