Latest News | Dec 3, 2022

The Week in Review in Prescription Drug Pricing

Welcome To The Week In Review.

  1. Inflation Reduction Act: A Victory For Patients

2. Big Pharma Watchdog Alerts

3. Spotlight on Congress: Drug Prices Matter

BONUS: This #WorldAIDSDay, we recognized that people living with HIV/AIDS face exorbitant prices for essential drugs because of price gouging from Big Pharma. Gilead Sciences, which has a monopoly on many essential HIV and AIDS medications, price gouges patients taking its HIV antiviral treatment Biktarvy, charging more than $3,500 a month for a drug that is keeping people alive. We must continue to fight for equitable access to life-saving drugs. 

Have a great weekend, everyone!

Happy Thanksgiving from P4AD! We’re immensely grateful for the historic progress made to lower drug prices this year.

Welcome To The Week In Review.

  1. Election Results: Votes For Lower Drug Prices

2. #WorldDiabetesDay

3. STAT Summit 2022

STAT’S RACHEL COHRS, DAVID MITCHELL, AND GUNNAR ESIASON

Have a great weekend, everyone!

Happy Veterans Day! Hope everyone is resting up post-election.

Welcome To The Week In Review.

  1. Drug Pricing + The Election

2. We Need Patent Reform

3. Lower Drug Prices Now

Have a great weekend, everyone!

This No-vember we’re saying no to high drug prices.

Welcome To The Week In Review.

  1. Sheldon and President Biden

2. Patients Say No To GOP Bill

3. No Good Reason For High Rx Prices

4. Patients Are Suffering From High Drug Prices

5. Big Pharma’s Latest Scapegoat, Same BS

?️BONUS: It’s nearly election day! And drug prices are still top of mind as Americans cast their ballots. Patient advocate Jackie Trapp, who lives with a ​​rare blood cancer, told CBS this week that she’s planning on voting for Democrats, and that “she’s looking forward to seeing those [drug] costs drop in coming years as drug-pricing provisions of the Inflation Reduction Act kick in.”

Have a great weekend, everyone!

FLORIDA — Patient advocate Sheldon Armus, a Medicare beneficiary from Boynton Beach, shared his story about the high price of his cardiac medications today and introduced President Biden, thanking him for passing the Inflation Reduction Act that will lower drug prices and improve the health of millions of patients. The president delivered remarks in Hallandale Beach about lowering prescription drug costs through the Inflation Reduction Act and protecting Social Security and Medicare.

Sheldon, 74, takes Xarelto and Brilinta, blood thinners that prevent him from developing dangerous blood clots that could lead to a heart attack or stroke. Sheldon explained that Johnson & Johnson has raised the price of Xarelto every year, far outpacing the rate of inflation. It now costs $500 for a 30-day supply, whereas if it had been held to the rate of inflation since 2013, its price would be less than $300 for a month’s supply.

The provisions in the Inflation Reduction Act will, for the first time, allow Medicare to negotiate lower drug prices, curb annual drug price increases to no more than the rate of inflation, cap out-of-pocket costs for Medicare Part D beneficiaries at $2,000 in 2025, limit monthly insulin copays to $35 per month for Medicare beneficiaries, and make adult vaccines free for Medicare beneficiaries starting next year.

“Medicare is gonna have the power to negotiate lower drug prices,” said President Biden at today’s speech. “The total amount of prescription drug prices you have to pay in any one year if you’re a senior on Medicare…will not be more than $2,000 a year – that’s it.”

“Sheldon is a tremendous advocate and we are grateful he shared his story while introducing the president today,” said Merith Basey, Patients For Affordable Drug Now’s Executive Director. “The Inflation Reduction Act will lower costs for hundreds of thousands of Floridians like Sheldon which will make a significant difference in improving their lives. This is one of the many reasons the drug price provisions are supported by almost 80 percent of Americans, including seven out of 10 Republicans.”

Sheldon added: “Knowing that we have leaders like President Biden fighting to bring down our drug prices — not keep money in the pockets of the pharmaceutical companies — means the world to seniors like my wife and myself, who have been waiting on this relief for years.”

Watch Sheldon’s remarks and the president’s full speech here.

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Thanks to the Inflation Reduction Act, millions of patients won’t get Tricked by Big Pharma, only Treated to lower drug prices ?

Welcome To The Week In Review (a day early, as P4AD is closed today).

  1. Popular Provisions

2. Patient Feature: Therese Humphrey Ball

3. Patients Footing The Bills

Have a great weekend, everyone!

Pharma should not be left to their own devices
They come with prices
Patients end up in crisis ? 

Welcome To The Week In Review.

  1. New Study: 1 in 5 Ration Insulin

2. Voters Care About Drug Prices

3. Pandemic Profiteering

BONUS WATCH: Check out the new documentary White Coat Rebels, which dives into Big Pharma’s power, the medical profession, and the activists who are fighting back against the status quo. In particular, the film features the powerful stories of two fierce medical students from Universities Allied for Essential Medicines (UAEM), where our very own Merith Basey was previously executive director before joining P4AD!

Have a great weekend, everyone!

Welcome To The Week In Review.

  1. “This Legislation Is Unforgivable.”

2. Thank You, Mr. President

3. Popular Provisions

One more thing: We were thrilled to learn that Priti Krishtel is among the newest recipients of the MacArthur genius grant! ? Congratulations, Priti! Thank you for your work to expose Big Pharma’s patent abuses and to increase access to medicine for all patients. Check out Priti’s NPR interview here.

Have a great weekend, everyone!