News & Updates
News
Drug price hikes without new evidence upped spending by $1.2B, ICER says
In its report released last Tuesday, a nonprofit drug pricing research group claims that seven drugs have prices that do not align with any newly discovered increase in clinical benefit, leading to over $1.2 billion in excess drug spending in 2019, alone.
Time to make drugs more affordable
I was disheartened and angered to learn that nearly half of New Mexicans have skipped taking medication or not filled a prescription because of cost concerns, according to a recent statewide survey. That is unacceptable. Medications don’t work if people can’t afford them. That’s why I am introducing legislation to create a Prescription Drug Affordability Board.
Exclusive: Drugmakers to hike prices for 2021 as pandemic, political pressure put revenues at risk
NEW YORK (Reuters) - Drugmakers including Pfizer Inc, Sanofi SA, and GlaxoSmithKline Plc plan to raise U.S. prices on more than 300 drugs in the United States on Jan. 1, according to drugmakers and data analyzed by healthcare research firm 3 Axis Advisors.
AHF Thanks HHS for Clarifying Rules on 340B Drug Pricing; Blasts Pharma’s Greed
AIDS Healthcare Foundation (AHF) welcomed and praised an advisory opinion issued earlier today by the Office of the General Counsel for the United States Health and Human Services Department (HHS) which concluded that drug manufacturers are required to deliver discounts under the 340B Drug Pricing Program on covered outpatient drugs when contract pharmacies are acting as agents of 340B covered entities. (HHS press release)
Legislature can make prescriptions more affordable
I was disheartened and angered to learn that nearly half of New Mexicans have skipped taking medication or not filled a prescription because of cost concerns, according to a recent statewide survey. That is unacceptable. Medications don’t work if people can’t afford them.
New Mexico Needs Prescription Drug Price Controls
New Mexicans continue to struggle to afford the prescription drugs they need, often having to choose between their medication and other necessities, such as rent and groceries. Drug costs were out of control before COVID, but are even worse now. The big drug companies have taken advantage of the pandemic to raise prices on 645 brands almost 6% in the first eight months of 2020, according to the data firm Analysource.
New Study Predicts More Than 1.1 Million Deaths Among Medicare Recipients Due to High Cost of Prescription Drugs
Beneficiaries skipping medications is causing early death and worsening medical conditions that will cost Medicare an extra $177.4 billion over the next 10 years
Our worst pre-existing condition: Big Pharma
Tax aversion and using public funds for private profits are part and parcel to the pharmaceutical industry
Consumer and health advocates launch campaign to take on high cost drugs in New Mexico
Even before COVID-19, Americans were paying the highest drug prices in the world. It is unconscionable that prices may have increased even more during the pandemic.
NEWS RELEASE – Consumer and health advocates launch campaign to take on high cost drugs in New Mexico
Citing new data that big drug companies have taken advantage of the COVID-19 pandemic to raise prices on hundreds of medications, AARP New Mexico, Health Action New Mexico and a statewide coalition of health experts, patient advocates and consumers today launched New Mexico.