BREAKING NEWS: OBAMA-APPOINTED JUDGE BLOCKS TRUMP ADMIN EFFORT TO FORCE PHARMACEUTICAL COMPANIES TO DISCLOSE LIST PRICE OF THEIR DRUGS
by Kevin Ryan
A federal judge has ruled that the Trump administration cannot require pharmaceutical companies to disclose the list price of their drugs in television ads. The effort to introduce transparency in drug pricing has been a cornerstone of the president’s efforts to fight the rising costs of prescription drugs.
Merck, Eli Lilly, and Amgen sued to block the rule in June, arguing that many patients have health insurance that lowers their out-of-pocket costs, and seeing the price insurance companies pay might lead them to stop taking drugs they needed.
Judge Amit P. Mehta, appointed by President Obama in 2014, ruled today that the Department of Health and Human Services exceeded its regulatory authority by seeking to require all drugmakers to include in their television commercials the list price of any drug that costs more than $35 a month. The rule was set to take effect this week.
SOURCE: https://www.nytimes.com/2019/07/08/health/drug-prices-tv-ads-trump.html
by Kevin Ryan
A federal judge has ruled that the Trump administration cannot require pharmaceutical companies to disclose the list price of their drugs in television ads. The effort to introduce transparency in drug pricing has been a cornerstone of the president’s efforts to fight the rising costs of prescription drugs.
Merck, Eli Lilly, and Amgen sued to block the rule in June, arguing that many patients have health insurance that lowers their out-of-pocket costs, and seeing the price insurance companies pay might lead them to stop taking drugs they needed.
Judge Amit P. Mehta, appointed by President Obama in 2014, ruled today that the Department of Health and Human Services exceeded its regulatory authority by seeking to require all drugmakers to include in their television commercials the list price of any drug that costs more than $35 a month. The rule was set to take effect this week.
SOURCE: https://www.nytimes.com/2019/07/08/health/drug-prices-tv-ads-trump.html