Page 86 - Rebates News Today

Pricing and value. thank you for joining me today. what do you think is possible that would have an immediate effect of the consumers that the president might talk about today? >> thank you for having me, dana. there is a lot of reason to think some of the proposals and even the early drafts we have heard about could help patients today in terms of particularly passing along the rebates. the money that drug companies give back to insurance companies after drugs are dispensed. that money isnt get...

That actually encourage higher drug prices. it also gives medicare part "d" plans new tools to negotiate lower prices for more drugs and makes sure that medicare part "d" incentives encourage drug companies to keep prices low. its 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 nobody knows the system better than alex. thats what we needed. and a very successful one...

Pfizer, hey, well buy that lipitor and viagra and this is what were going to pay. there are millions of people that are going to get it. we dont negotiate prices. the government will give rebates and incentives to pharmaceutical companies to lower their list prices. and thats really important at a time of big technology. >> julie: all right, great. dr. mark siegel great to see you this morning. happy friday. >> bill: president trump announcing details on an upcoming summit with kim jong un. what...

Tears where a person has to pay a lot out-of-pocket, but only if you havent increased your list price in the last 18 months. the other big area we have to look at is the entire system of rebates that we have with pharmacy benefit managers. we are calling into question today the entire structure of using rebates as the method of negotiating discounts in the pharmacy channel because right now, every incentive is for the drug company to have a very high list price, and what if instead we said no re...

Interests by ending obamacares twisted incentist isis isives y 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. it is 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 no one knows the system better than alex. t...

The formularies, doing rebates, doing claims, but theyre negotiating all of these prices between the drug companies and the insurance companies that ultimately trickles down and ends up as the patient co-pay. there is a lot of different explanations for why drug prices are so high to begin with. these three people, these three players all blame each other for why theyre so high, but a lot of experts in the health care policy field say that it is really the drugmaker, the pharmaceutical companies...

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>> laura: it is all made up. he made it up. >> the d.c. circuit law. hes got to follow the d.c. circuit. >> laura: he made it up. you do not think we have a problem with runaway judges in this country? >> absolutely, and im not saying i agree with judge bates decision but its a mainstream decision and all he said -- if he had wanted to be like one of these california judges, he wouldve said i vacate it right away. youve got 90 days. you were sloppy, is what he sai said. >> permanent injunction. ...

Its not president in our history. this judge did go further than the judge in california. he issued a partial summary judgment here with no trial. he sort of made up some of these rulings, they make no sense. finally president obama himself in 2012 when he signed the daca order, he said this is a temporary measure. this is a stopgap. this is to give hope to some people until congress acts. now its being converted. >> laura: comey made a comment. i want to play this for all of you. scott, you can...