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Bookmark or Share- AMA supports changing the fundamentals of drug pricingBrand name drug prices in the U.S. have spiked 98.2 percent since 2011. The average price of brand-name drugs rose 16.2 percent in 2015, according to Express Scripts. Prescription drug prices have been frequently cited as a main justification for higher health insurance premiums, and growing cost-sharing requirements.
- How are prescription drug prices determined?To improve prescription drug price transparency, the TruthinRx campaign is focusing on three major market players who significantly impact drug prices: Pharmaceutical companies. Pharmaceutical companies make and sell drugs, but don’t explain pricing or why costs can greatly exceed research-and-development (R&D) expenses.
- The truth behind drug prescription pricingThe high cost of prescription drugs is rapidly becoming a serious barrier to care for many Americans. Access to treatment can be a matter of life or death, and the closed-door negotiations that keep patients and providers in the dark on drug pricing can be extremely harmful to individuals.
- Latest on Prescription Drug News - American Medical AssociationDrug coverage & spending: Council on Medical Service reports Download PDFs of council reports that have proposed strategies to address high and escalating prescription drug prices and costs, including promoting transparency and pharmaceutical market competition, combating anti-competitive practices, and outlining criteria for value-based pricing and prescription drug importation.
- Experts explain high drug prices, offer solutionsAddressing the rising cost of prescription drugs, 3 experts in the pharmaceuticals field discuss marketplace trends affecting drug spending and pricing. They also discuss solutions to address drug prices and availability.
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