Page 85 - Rebates News Today

Ebates. something to believe in. join today for a $10 bonus. >> neil: it is looking better for gina haspel to be the first woman to hold the cia director as some key senate republicans and a number of top democrats have said they would be yea votes for the presidents choice to head that, including mark warner who has said that he would support her in that effort. so far, not such a commitment from republican kentucky senator rand paul. he joins us right now. senator, good to see you. >> thanks, ...

Prices, president trump talked about more price transparency where you will know what prescription drugs actually cost and rebates will come into play so that prices wont be as inflated. again, less out of pocket payment by the patient. carley: you say competition is also key. >> well, competition is key. this is how competition will come into the equation, more generic drugs approved. fda is working on that. lest year over a thousand new drugs were approved that were generics, most on record ev...

Incentives to lower list prices. so how do you see all of this? >> i was largely a big nonevent. you know that for sure because the stock prices of the pharmaceutical makers, pharmacy benefit managers went up. went down temporarily and then went back up. they didnt think this was serious. its certainly not going to affect their sales or profits. probably having medicares formulary rules change so there could be more competition, estimates from various experts have put that savings at about $500 ...

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Its time for cnn money now. president trump will unveil his plan to lower your prescription drug prices today. christine romans joins us now with more and fine print. what does that look like? >> drug companies are getting away with murder. remember the president said this. this is his big campaign promise to cut your drug prices. will it work? the big question, does it lower the sticker price of drugs or just shift around who pays? heres the plan. its designed to improve drug price negotiations...

To derail the gravy train of special interests by ending obamacares twisted incentives that actually encourage higher drug prices. it also gives medicare part d plans new tools to negotiate lower prices for more drugs and make sure that medicare part d incentives encourage drug companies to keep prices low. theres a big incentive to do that. we are not going to reward companies that constantly raise prices, which in the past has been most companies. frankly, alex used to run one of them so nobod...

Prices by making it easier for generic drugs to hit the market. also targeting this shadowy world of drug rebates. the president wants insurers to share their big discounts for buying pricey brand name drugs, share the discounts with consumers. thats an idea that the obama administration also championed, but the president is dropping one campaign promise, having medicare directly negotiate with drugmakers. instead, officials say theyll remove government rules, preventing medicare from getting be...

Former top executive from drug maker eli lilly. zek, explain this to us because the president and the things he highlighted, hes talking about the middlemen, right, the folks who in a very nontransparent way negotiate these rebates, these discounts with drug companies that theyre not going to make the money that they would. as we understand it, it means that some of the savings there is going to be passed on to the consumer. it doesnt mean its necessarily going to affect that initial price from ...

Prices rise, youre going to pay one way or another, increased premiums, increased taxes, even if the person actually using the drug pays less. the idea of getting more of the rebates passed on to the individuals buying the drug or back to medicare, who is paying a large portion of the drug, thats going to affect it a little bit. its not going to affect it huge, prices a substantial amount. we need also to be clear that these rebates, drug companies can change the rebates and lower the rebates an...

Let them compete for lower prices. so seniors get to choose. incentivize it by giving more rebates to seniors. so seniors will pay less for the prescription drug. thats the second thing. and the third is list prices and this is huge and the secretary was talking about this this morning. list prices mean. this the drug company says heres what you have to pay and its an overinflated price so everyone comes in and they game the system. middle level manager and pharmacy benefit manager, express scri...