This week, P4AD released a fact check breaking down six misleading claims found in pharma-funded ads, including falsehoods about the non-interference clause and the impact of Medicare negotiation. Through front groups and its own lobby groups, the drug industry has bankrolled at least $18 million in ad spending this year to attack reforms that would allow Medicare to negotiate prices. But patients aren’t letting Big Pharma get away with the lies; it’s clear that we must pass Medicare negotiation to lower drug prices and improve access to medications patients need. — (P4AD)
2. “The Tides Are Finally Shifting”
In a new op-ed, Senator Klobuchar shares stories from Minnesotans who have struggled to afford prescription drugs and explains why this is the best opportunity in years to pass Medicare negotiation. “Not only does President Biden support [Medicare negotiation], he publicly endorsed it in a prime-time address and explicitly stated that he wanted to include it in the upcoming budget,” Senator Klobuchar writes. “Let’s use this political momentum and the power of 46 million seniors to finally get a fair deal.” — (Star Tribune)
Building on two national ads launched last weekend, P4ADNow launched a seven-figure ad buy on Tuesday thanking representatives across 12 House districts for supporting Medicare negotiation. The new ads, which counter Big Pharma’s recent attack ads against H.R. 3, will run through August recess and feature three patients who have struggled with high drug prices. “Right now, there’s a plan in Congress to let Medicare negotiate lower drug prices,” says the ad in Kansas’ third congressional district. “Sharice Davids supports it. Representative Davids, thank you.” — (Endpoints News)
2. “Put The Patients First”
In a new op-ed, Rep. Tim Ryan debunks pharma’s innovation myth and calls on his colleagues to pass H. R. 3 and allow Medicare to negotiate lower drug prices on behalf of Americans. “There’s never been a better time to deliver than now, as Congress contemplates a historic stimulus package that will reshape the economy and make long-overdue improvements in key areas,” he writes. “We must allow Medicare to negotiate lower drug prices so that Ohioans and all Americans get the affordable medications they need. Families and seniors can’t afford to wait.” — (Akron Beacon Journal)
3.A Profitable Pandemic
As the Biden administration announces plans for COVID-19 booster shots, vaccine makers Pfizer and Moderna are expected to rake in billions more in revenue. Analysts now forecast global vaccine sales of $74 billion for Pfizer and partner BioNTech and $35 billion for Moderna through 2022. Though the companies took billions of dollars in government funding to help bring the vaccines to market, Pfizer has raised its U.S. price from $19.50 to $24 per dose, and Moderna’s U.S. price has increased from $15 to $16.50 per dose. Americans continue to grapple with the uncertainty of this public health crisis, but one thing is clear: Drug companies are profiteering off a pandemic. — (The Wall Street Journal, Reuters)
One more thing:Watch HHS Secretary Xavier Becerra discuss the need for lower drug prices and how President Biden’s plan balances pricing and innovation in a segment for Yahoo! Finance.
He’s not Biden his time — the president wants Medicare negotiation now. Welcome to the Week in Review.
1. “We Have To Change This. And We Can.”
On Thursday, President Biden delivered an enthusiastic speechhighlighting how his Build Back Better agenda will call for Medicare to be allowed to negotiate lower prescription drug prices and extend negotiated prices to the private sector. The president urged Congress to move forward on legislation to deliver on his plan, which comprises a strong, comprehensive set of reforms that will deliver much-needed relief to Americans. “These prices put the squeeze on too many families and strip them of their dignity,” President Biden said. “Medicare is going to negotiate a fair price!” — (The Washington Post)
2. The Power Of Our Stories
President Biden featured patient advocate Gail deVore in his speech this week, and the White House released a video highlighting Gail’s one-on-one conversation with the president in the Oval Office. Gail lives with type 1 diabetes and uses Novolog insulin priced at $289 per vial. She was also invited to take over the White House Twitter account for a day. Gail, we are so proud of you for your tireless advocacy! Thank you for representingpatients across the country calling for immediate action to restore balance to our drug pricing system. — (The White House)
3.A Path Forward
This week, as Senate Democrats took the next step on their path toward a reconciliation package to deliver on the president’s Build Back Better agenda, it’s clear that Medicare negotiation is a critical piece of the plan. During the vote, a group of senators up for re-election led an amendmentemphasizing their commitment to ensuring the drug pricing policy is included in the package. In addition to lowering drug prices for patients, the policy would save hundreds of billions of dollars for taxpayers through direct drug savings as well as lower Part D premiums. This is the year we can get it done. — (Axios)
4. “It’s Killing Americans”
This weekend, P4ADNow will launch two new nationalads calling on Congress to lower drug prices by allowing Medicare negotiation. The ads, which will run throughout August recess, feature five patients who have struggled to afford their prescription drugs. The campaign also launched a website hub for patients to contact their members of Congress and write to their local publications in support of Medicare negotiation. “No one should have to drain their bank account for relief,” Ashley, a psoriatic arthritis patient, says in an ad. “The system is broken.” — (P4ADNow)
5. PhRMA’s Nose Grows
The Washington Post Fact Checker analyzed a new TV ad making the rounds from the drug industry lobby group PhRMA. The ad claims that the Medicare non-interference clause “protects access” to medicines and that negotiation would “make it harder for people on Medicare to get the medicines we need.” Fact Checker’s verdict? Three Pinocchios for misrepresenting Medicare negotiation as designed in H.R. 3 and for unsubstantiated fear-mongering. PhRMA is getting desperate as lawmakers work to hold the industry accountable — and now it shows it’s willing to lie to keep prices high. — (The Washington Post)
Climbing made its debut at the Olympics this week, but we’ve been watching drug prices ascend to new heights for years.
Welcome to the Week in Review.
1. Seniors Vote Yes On Medicare Negotiation
Across the country, seniors of all political affiliations agree: Medicare must be allowed to negotiate lower drug prices. A new poll from the Alliance for Retired Americans indicates that drug pricing reform is a winning issue, as seniors are more likely to vote for a candidate who supports Medicare negotiation. Right now, elected officials have the choice to side with patients or protect pharma’s unfettered pricing power. Voters are taking note. — (Alliance for Retired Americans)
2. Sounding Off: Letters For Lower Drug Prices
This week, lawmakers and Americans from all over the country wrote letters highlighting the need for drug pricing reform. Twelve senators signed a letter to Senate leadership asking to include Medicare negotiation in the reconciliation bill. In an op-ed, Delaware state Senator Jack Walsh urged Senators Chris Coons and Tom Carper to help pass legislation to allow Medicare to negotiate drug prices. And in letters to their local publications, constituents in Colorado, Rhode Island, and Florida discussed how lowering prices would help improve the lives of vulnerable communities, including seniors and people of color. It’s clear: Lowering drug prices is a top priority for Americans. — (Endpoints News, Delaware Business Times, Sentinel Colorado, Westerly Sun, The Ledger)
3.AbbVie’s Patent Abuses
While patients in other countries are benefiting from biosimilar competition to AbbVie’s top-selling drug Humira, Americans are forced to pay increasing prices that are five times what Europeans pay as AbbVie blocks competition with deals to delay biosimilars from entering the U.S. market until 2023. Just this year, AbbVie raised the price of Humira by 7.4 percent, continuing its trend of annual price hikes. Our broken patent system is breaking the bank for patients and taxpayers. We must reform it to incentivize innovation, not decades-long monopoly pricing. — (Axios)
If price hikes were an Olympic event, pharma would take gold, silver, and bronze.
Welcome to the Week in Review.
1. Putting The Brakes On Patent Abuse
In a unanimous, bipartisan vote, the Senate Judiciary Committee passeda package of four bills that would lower drug prices by addressing anticompetitive behavior from drug companies. The bills would curb patent abuses by designating product hopping, pay-for-delay deals, and sham citizen petitions as anticompetitive. We applaud the committee for protecting true innovation at prices patients can afford by advancing these bills, urge the Senate to pass the package, and call on Congress to continue the important work of lowering drug prices for Americans by allowing Medicare negotiation. — (P4ADNow)
2. 100 Years Later, A $100 Biosimilar
In the same week that the world marked 100 years of insulin, the FDA approved Semglee, the first interchangeable biosimilar to the long-acting insulin Lantus. It’s a step in the right direction, but Semglee’s $98 price tag still represents a 2,000 percent markup from a manufacturing cost of $4.50. We must ensure that all patients who depend on insulin have access to affordable medications by building a system that delivers reasonable profits and incentivizes competition for all forms of insulin. — (Axios)
3. Rep. Peters’ Flip Flop: Unforgivable
Back in 2019, Rep. Scott Peters (CA-52) supported H.R. 3, a bill that would allow Medicare to negotiate drug prices. But two years later, the congressman is now an outspoken opponent of the landmark legislation. Rep. Peters has filled his pockets with Big Pharma money and is actively opposing reform that would deliver much-needed relief to millions of patients across the country. Simply put, that’s unforgivable. — (Salon)
One more thing: This week, members of Congress highlighted pharma’s July price hikes and the need for Medicare to negotiate lower prices. Check it out here.
Welcome to the Week in Review.
1. 1,100 Reasons To Pass Medicare Negotiation
A new analysis from P4AD reveals that drug companies have raised the prices of 1,100 drugs so far this year, with 90 percent of hikes over the rate of inflation. This includes hikes on 21 of 25 of the most costly drugs for Medicare Part D and some of the most expensive drugs for Part B. Year after year, drug corporations keep raising prices at will. Our lawmakers have the power to protect patients by passing provisions to allow Medicare to negotiate lower prices for drugs covered by both Part B and D. Congress must act. — (P4AD)
2. “It’s Long Overdue”
Momentum for Medicare negotiation continues to grow in Washington. President Biden tweeted that his Build Back Better plan includes allowing Medicare to negotiate lower drug prices, and White House senior adviser Anita Dunn included Medicare negotiation in her briefing to lawmakers this week. Meanwhile on Capitol Hill, Rep. Jason Crow (CO-06) wrote an op-ed urging his colleagues to “take bold action on drug pricing,” and Rep. Susan Wild (PA-07) delivered a passionate speech calling for Medicare negotiation in the reconciliation bill. We are grateful to all lawmakers fighting for patients’ right to affordable prescription drugs. — (Axios, Sentinel Colorado, P4ADNow)
3. Patients Save With H.R. 3
Passing H.R. 3 and allowing Medicare to negotiate drug prices would result in significant savings for patients and taxpayers, according to a new analysis from the Center for American Progress. The authors estimate that H.R. 3 could save patients and taxpayers $176 on a 30-day supply of the diabetes drug Trulicity, and nearly $100,000 on a three-week course of Acthar, a drug that treats multiple sclerosis and other diseases. H.R. 3 will deliver the critical drug pricing reforms that patients need. Let’s get it done. — (Center for American Progress)
One more thing: A new coalition was launched in Virginia today pushing the state legislature to create a prescription drug affordability board, and patient Kat Schroeder shared her story of rationing insulin due to its high price.
On Tuesday, P4AD founder David Mitchell testified in front of the Senate Judiciary Subcommittee on Competition Policy, Antitrust, and Consumer Rights, explaining how anticompetitive pharmaceutical industry practices keep drug prices high and hinder innovation. “If drug companies can block competition and raise prices at will on old drugs to drive profits and executive bonuses, they have far less incentive to take risk and invest in R&D to find innovative new drugs,” Mitchell said. “We need comprehensive reforms, including allowing Medicare to negotiate lower drug prices. Medicare negotiation is supported by 90 percent of Americans. It’s time to pass it.” — (P4AD)
2.Senate Makes Moves
Democrats are expected to include Medicare negotiation in the next budget reconciliation bill to both deliver on a top priority for a majority of Americans and help offset the costs of other provisions in the package. Senate Finance Chairman Ron Wyden said that Democrats are “moving aggressively” to protect Americans from high drug prices, and Senator Joe Manchin remarked that allowing Medicare to negotiate “should have been done years ago.” Fifteen vulnerable House Democrats also sent a letter this week asking congressional leadership to include Medicare negotiation in the budget bill. Momentum is building to deliver real change for the American people. Let’s keep it going. — (Kaiser Health News)
3.Unity
Nearly 40 health care, business, labor, and consumer organizations — including the AFL-CIO, Families USA, and P4ADNow — united to call onCongress to pass legislation to allow Medicare to negotiate lower drug prices. The burden of out-of-control drug prices impacts every person in this country. Collectively, we’re saying: Enough is enough. — (The Hill)
4. Patients Pay The Price
This week, New Jersey patient advocate Elizabeth Gallagher, who lives with type 2 diabetes, joined Rep. Andy Kim at an event calling on Congress to allow Medicare negotiation. Elizabeth and patient advocate Lisa Wetzel-Trainor, who lives with fibromyalgia, PTSD, and ADHD, also shared their experiences with high drug prices with NJ Spotlight News. Patients in New Jersey and across the country have been waiting too long for relief. Lawmakers must stand up and defend patients, not drug industry greed. — (NJ Spotlight News)
5. Eyes On Maine
When the Maine state legislature reconvenes on Monday, lawmakers must override the governor’s veto of two critical bills that would lower prescription drug prices for Mainers, writes Senate President Troy Jackson in an op-ed. The bills, passed by the legislature in June, would prohibit drug makers from making excessive price hikes. “It’s time for elected officials to do what’s right for Mainers and put an end to sky-high prescription drug prices,” Jackson writes. — (St. John Valley Times)
Oversight Committee Sheds Light on Big Pharma’s Big Lie
The House Committee on Oversight and Reform’s latest reportundercutsthe drug industry’s biggest lie: That it needs high drug prices to fund meaningful innovation. The report found that Big Pharma spends billions more on stock buybacks, dividends, and executive pay than on research and development. The committee announced the report at a press callhosted by Chairwoman Carolyn B. Maloney, alongside Speaker Nancy Pelosi and Rep. Peter Welch. Patient advocate Lynn Scarfuto joined the lawmakers to tell reporters, “Congress has the power to change our broken system by passing H.R. 3 and allowing Medicare to negotiate drug prices so we can have the innovative medications we need at prices we all can afford.” — (The Hill)
2.President Biden Doubles Down
With a new executive order signed Friday, President Biden demonstrated, once again, his commitment to delivering relief to patients struggling to afford their prescription medications. The President committed both to promoting competition among drug companies and topushing for comprehensive legislation that would allow Medicare to negotiate lower drug prices. Together these policies can drive true drug innovation and bring down drug prices for Americans. — (The Washington Post)
3.Data, Data, Data
Big Pharma’s favorability among Americans is slipping, as the industry hiked the prices of nearly 60 drugs in the first days of July. Voters show strong continued support for reforms to rein in the industry’s unfettered pricing power. New polling data from AARP show nearly nine of 10 older Americans want Medicare to negotiate lower drug prices. With drug prices starting higher and growing faster in the U.S. than in other high-income countries, it’s clear why voters want reform. — (AARP)
