The Trump administration’s vow to deliver $200 drug coupons to Medicare beneficiaries before Election Day is a no-go, according to Medicare officials. Such a move may violate election law and has triggered congressional requests to review the plan. What Americans desperately need now is lasting reform to lower drug prices, not another political ploy that changes nothing for the millions of people suffering under Big Pharma’s greed. — (The New York Times)
2. Stage Set for Drug Pricing Reform in 2021
In 2021, Congress is expected to continue its push to lower drug prices that was — understandably — interrupted by the COVID-19 pandemic. Regardless of the makeup of the 117th Congress, one thing is certain: Our legislators must work together to stand up to Big Pharma and provide relief to all Americans. — (FierceHealthcare)
3.Double-Charged in a Pandemic
Billions of dollars in federal funding flowed to pharma’s coffers to develop COVID-19 vaccines. Now, pharma plans to charge Americans a second time for the taxpayer-funded doses and make a killing on the public investment. This game is rigged — we’re being set up to pay twice. — (Salon)
4. Oh, COME ON
The FDA on Thursday approved Gilead’s COVID-19 drug remdesivir, only days after data from a WHO megastudy suggested the drug had “little to no” effect on COVID-19 patients and did not prevent death. Even so, one course of treatment for the taxpayer-funded drug is $3,120, a price that ignores the massive taxpayer support that prompted its creation. Accessibility to an expensive COVID-19 treatment with mixed reviews shouldn’t be one more thing we need to worry about. — (STAT)
5.Milking Mayhem
Pfizer could make as much as $3.5 billion next year from its potential COVID-19 vaccine and $1.4 billion in the years following, according to analysts. Drug corporations are treating this unprecedented public health crisis as a way to cash in. — (FiercePharma)
We need Clare-ity on drug prices.
1.Follow the Money: Pharma Peddles Influence in State Races
Big Pharma’s tentacles are reaching into the industry’s deep pockets, throwing millions in cash donations at state candidates’ races across the country to prevent state legislatures from passing drug pricing reform, a comprehensive investigation into the money flow found. Pharma may have the cash, but we must use our voices and votes to call on our legislators to stand up to drug companies and protect us from predatory pricing. — (STAT News)
2. Drug Pricing on the Ballot
On Tuesday, Patients For Affordable Drugs Now hosted a presidential town hall on drug pricing featuring representatives from the Trump and Biden campaigns and moderated by Kaiser Health News’ Elisabeth Rosenthal. We are grateful for their participation in a substantive conversation about how to lower drug prices — a top issue for many voters heading to the ballot box. Watch the full event here. — (Patients For Affordable Drugs Now)
3.Taxpayer Cash Flows to Pharma
AstraZeneca received $486 million from the U.S. federal government for the development and supply of 100,000 doses of its COVID-19 antibody treatment. Let’s add it to the growing list of vaccines and treatments that taxpayers have funded — we deserve to see our investments reflected in the final price. — (Reuters)
4. Transparency Needed
The government has awarded billions of dollars in COVID-19 vaccine deals to drug companies through a third-party organization, bypassing typical contracting and leaving American taxpayers in the dark about how their money is being spent. Taxpayers need transparency now. — (NPR)
5. Betting on Pandemic PR
The drug industry is betting its outsized role in the COVID-19 pandemic will buoy reputations and profits — not to mention increase political leverage as the companies face drug pricing reforms. Pharma’s work on vaccines and treatments does not erase the industry’s history of abusive pricing and monopolistic behavior. We must stay the course and continue our work to hold Big Pharma accountable and lower drug prices. — (The New York Times)
Time flies when you’re lowering drug prices.
1.We Already Own It
Moderna has promised not to enforce patent rights on its developing COVID-19 vaccine “while the pandemic continues” and is “willing” to license rights afterward, meaning other drug companies could produce vaccines based on the same technology. Good. But remember, taxpayers 100 percent funded the vaccine candidate. It should already belong to the people. — (The Wall Street Journal)
2. Do Better, America
On average, Americans pay about 11 times more for insulin than people with diabetes living in peer countries, according to a study from the RAND Corporation. Big Pharma is going to continue charging what it can get away with for this vital, life-saving medication until our elected leaders make lasting, meaningful reform. — (Axios)
3.Big Pharma Scam
Pfizer has sued the federal government in an attempt to weaken federal policies prohibiting direct copay assistance for Medicare beneficiaries. The company claims it’s just sticking up for patients who need a $225,000 Pfizer drug to treat a rare and potentially fatal cardiac condition. But all is not as it seems. Copay assistance is a Big Pharma scam. These programs blunt patient sensitivity to drug costs, putting taxpayers on the hook to pick up outrageous price tags. Instead of copay scams, we need comprehensive drug pricing reform to bring down the prices pharmaceutical companies set in the first place. — (Barron’s)
Welcome to the Week in Review.
1.Pharma Exposed
The House Committee on Oversight and Reform released reports on five pharmaceutical manufacturers’ abusive pricing practices this week. The reports, part of an 18-month investigation led by the committee, revealed internal company documents that expose a disturbing pattern of abusive pricing practices, anti-competitive behavior, and manipulative marketing campaigns. The documents exposed that pharma’s favorite talking points are nothing more than smoke and mirrors. — (Bloomberg, FiercePharma)
2. Debate Dishonesty
During Tuesday’s presidential debate, President Trump claimed that he has drastically lowered the prices of prescription drugs, including insulin, which he claimed is “so cheap, it’s like water.” Our verdict? False. Many insulin-dependent patients still pay hundreds of dollars each month, and pharma companies have actually hiked drug prices during the pandemic. The president has spent nearly four years in office talking about lowering drug prices, but we’ve yet to see meaningful action. — (STAT)
3.Life or Death
Drug pricing is emerging as a top issue this election year, with candidates from both parties fighting to claim it as their own. But at the heart of the issue are patients like Travis, who is forced to seek lower insulin prices from other countries, and Jacquie, who worries about what she would do if her insurance stopped covering her drug. Lowering drug prices should be more than a talking point for politicians — for many Americans, it’s a matter of life or death. — (Center for Health Journalism)
1. “I live, battle, and conquer sickle cell”
A new Patients For Affordable Drugs Action ad features Floridian Clayton “DJ” Martin, who shares his worries about high drug prices and urges voters to support candidates who will take action to lower prices. The ad is part of a 15-state campaign to elevate the issue of drug prices across the country. We are grateful to DJ and all patient advocates for their tireless work to stand up to Big Pharma. — (Florida Politics)
2. Called to the Stand
Six pharma executives representing some of the biggest names in the drug industry are testifying in front of the House Committee on Oversight and Reform next week. The committee’s probe on unethical and anti-competitive drug pricing practices continues the important work of its late chairman, Rep. Elijah Cummings. We’ll be watching the hearings, and we look forward to getting some long-awaited answers. — (FiercePharma)
3. Dubious Discount
President Trump announced Thursday that he will send $200 discount cards to 33 million Medicare beneficiaries. Had he kept his commitment to lower drug prices, he wouldn’t need to promise some Medicare beneficiaries a dubious discount card days before an election. Americans need systemic, enduring drug pricing reforms, not election-year gimmicks. — (STAT)
4. The System is Rigged
The entire drug pricing system is broken, from drug companies that set ever-increasing list prices to pharmacy benefit managers that keep rotating formularies. And who’s paying the price? Patients, who often face uncertainty and exorbitant drug costs at the pharmacy counter. It’s long past time for change. — (The New York Times)
5. Her Story, Her Voice, and Her Vote
Patient advocate Ramae Hamrin, a Minnesota resident who has multiple myeloma, is sharing her story to push for drug pricing reforms that will benefit us all. “Even if you are not in my shoes at the moment, you or someone you love could also be one step away from losing everything in order to simply stay alive. I’m more than happy to bring a face to the unfairness and high cost of prescription drugs for all of us in hopes that something can be done. It has to be.” — (Incurable Blessings)
TikTok may be going away. But your drug pricing newsletter is here to stay.
1. #AskAboutDrugPrices
Patients For Affordable Drugs Action, our sister organization, launched a campaign this week featuring patients calling on fellow voters to support candidates who will commit to lowering drug prices. As part of the campaign, the group will launch digital ads in 15 states, starting this week with Georgia, Iowa, Montana, Minnesota, and Virginia. Patients For Affordable Drugs Action will also focus its efforts on exposing Senator Thom Tillis‘ record of turning his back on patients in service of Big Pharma. — (Patients For Affordable Drugs Action)
2. Yes, the U.S. Government Will Pay Twice for a COVID-19 Vaccine
U.S. taxpayers are underwriting the development of a COVID-19 vaccine — to the tune of $12 billion. But the drug corporations plan to charge taxpayers yet again for the final product. P4AD Founder and President David Mitchell breaks it down from the patient perspective on PBS NewsHour. Our rigged drug pricing system is long overdue for major reforms. — (PBS NewsHour)
3. Drug Prices: Not Falling
On Sunday, President Trump signed the most-favored nations executive order that ties Medicare drug prices to lower prices in other countries. However, many questions about the details of the executive order remain unanswered, and it’s unlikely that Americans will see lower drug prices anytime soon. Advancing the order was a step in the right direction, but we’ll be waiting to see if any meaningful action comes next. — (NPR)
4. Profit Maximizers Don’t Wear Capes
American tax dollars filled global pharma giant AstraZeneca’s coffers with $1.2 billion for the development of a COVID-19 vaccine, but the company has CONTINUED TO RAISE DRUG PRICES this year — sometimes even twice on the same medication. — (Los Angeles Times)
5. ?Drug Corporations Cashing in on Crisis
Drug companies are peddling unsubstantiated “news” about progress in the race for a COVID-19 vaccine, which leads to inflated stock value. Then, pharma executives and shareholders are selling their stock shares and making millions. Pharma’s relentless bad behavior underscores that Congress must act to protect us from pandemic profiteering. — (Newsweek)
1. Even More Pandemic Price Hikes
Amid the backdrop of the COVID-19 pandemic, drug companies have hiked the prices of 645 brand-name drugs this year, including those used to treat chest pain and depression. Time and again, pharma companies display limitless greed. — (AnalySource)
2. Leave No One Behind
It’s been five years since “pharma bro” Martin Shkreli increased the price of the medication Daraprim by over 5,000 percent to $750 per pill — and the drug still costs that much. Widespread outrage has not stopped drug corporations’ unchecked powers to increase prescription drug prices. We must reform the system to serve all patients — and that means lowering drug prices for all conditions. — (Roll Call)
3. System of Patent Abuse
In a new podcast, host Angela Glover Blackwell and Priti Krishtel, the co-founder of the drug patent watchdog organization I-MAK, discuss how Big Pharma’s patent abuses disproportionately harm people of color. The fight for health equity must include tackling drug companies’ monopoly pricing power. — (Radical Imagination)
1. We’re Drug Pricing Voters
More than one-third of Americans cite lowering drug costs as a top issue influencing their 2020 vote. The numbers don’t lie: This November, Americans are looking for candidates who will stand up to Big Pharma and pass legislation to curb predatory drug pricing practices. — (Gallup)
2. Paying Twice
A new analysis found American tax dollars helped to fund every new drug approved in the past decade. We’re paying billions of dollars to produce life-saving medications, only to be overcharged while pharma juices profits. Our rigged drug pricing system has to change. — (Institute for New Economic Thinking)
3. Profiteering Poster Child
Chairwoman Carolyn Maloney plans to subpoena pharma giant AbbVie after the company failed to provide the House Committee on Oversight and Reform with requested information on blockbuster drugs Imbruvica and Humira. AbbVie has raised the price of Humira 18 times between 2009 and 2019. We’re glad to see the committee continue the investigation, which started in January 2019 under the leadership of the late then-Chairman Elijah Cummings. — (FiercePharma)
4. Made in Cali
This week, the California state legislature passed a bill that opens the door for the state to become the first to produce its own line of generic drugs. The measure would require the state’s health agency to partner with drug companies to manufacture or distribute generics, helping to drive down the cost of expensive prescriptions. — (Kaiser Health News)
5. “PhRMA lacks standing”
“PhRMA lacks standing,” Minnesota Attorney General Keith Ellison said this week in response to a federal lawsuit brought by PhRMA that challenged the constitutionality of the Alec Smith Emergency Insulin Act.The legislation, named for a young man with type 1 diabetes who died after he rationed insulin, would provide an emergency supply of the drug to the numerous patients who struggle to afford the critical medication. — (MinnPost)
