U S Senate Joins House in Sponsoring Legislation Expanding Medicare Patients Access to Pharmacist Services prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
The AAMC and five other organizations representing hospitals and pharmacists sent a letter on April 20 to Health and Human Services (HHS) Secretary Xavier Becerra, JD, requesting that the HHS immediately take action to prevent six drug companies from refusing to provide hospitals with 340B discounts for drugs dispensed through community pharmacies (also known as “contract pharmacies”).
The letter highlighted the importance of community pharmacies and requested that the “HHS immediately and definitively state that these refusals to provide discounts are illegal and take the action Congress specifically prescribed to address this type of situation impose civil money penalties.”
The same organizations the AAMC, the American Hospital Association, 340B Health, America’s Essential Hospitals, the Children’s Hospital Association, and the American Society of Health-System Pharmacists previously filed a lawsuit after Eli Lilly and Co. and five other major drug manufacturers
Shifts in care due to COVID-19 pandemic likely to drive drug expenditures in 2021
The COVID-19 pandemic heavily influenced spending on prescription drugs in the U.S. in 2020, according to the ASHP s (American Society of Health-System Pharmacists) National Trends in Prescription Drug Expenditures and Projections for 2021. Shifts in care related to the pandemic will continue to be a significant driver of drug expenditures in 2021, along with uptake in the use of biosimilars, a large pipeline of new cancer drugs, and increased approvals of specialty medications.
Prescription drug spending in 2020 grew at a moderate rate of 4.9% to $535.3 billion. Increased utilization drove the growth, which accounted for 2.9% of the total increase. Spending on new drugs accounted for 1.8% of the increase, and price changes accounted for 0.3%.
Covid to drive US prescription drug spending in 2021: Study prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.
The COVID-19 pandemic heavily influenced spending on prescription drugs in the U.S. in 2020, according to the ASHP s (American Society of Health-System Pharmacists) National Trends in Prescription Drug Expenditures and Projections for 2021. Shifts in care related to the pandemic will continue to be a significant driver of drug expenditures in 2021, along with uptake in the use of biosimilars, a large pipeline of new cancer drugs, and increased approvals of specialty medications.