Featured Post, healthcare January 26, 2021 at 5:40 pm
In February of last year, Michigan Governor Gretchen Whitmer convened a task force to study the causes of increasing prescription drug costs and to make recommendations to solve this intractable problem. Today, the task force released its report and it has a number of steps the state government can take help get control over drug prices which are rising much faster than the rate of inflation. It outlines key policy solutions and offers recommendations on four key areas: Transparency, Affordability, Accountability, and Accessibility.
The report goes into detail about the complex interplay of multiple stakeholders in the prescription drug market, shown here graphically:
streak. merck is joining pfizer pledging to limit drug price increases in the united states. merck is cutting the price of medication by 60% and six other drugs by 10% each. it will not raise the average price of the drugs it sells beyond the annual rate of inflati inflation. this comes among the increased prices in the industry. the public pressure led the company to reverse course. the trump administration did not do much until may when it laid out a blueprint for changing incentives forest industry play. the bully pulpit is working in theses cases here. pressure from the president caused them to stop that. speaking of pressure from the president looming large over the nfl. the nfl and players union
money. u.s. futures are down right now after the lower close yesterday. the dow snapped the five-day win streak. fell 135 points. merck is joins pfizer to limit drug price increases. merck is cutting the price of hepatitis drug. it also said it will not raise the average price of the drugs it sells beyond annual rate of inflation in the u.s. it comes among criticism of the drug industry because of rising prices. criticism by the president in particular. pfizer slammed by president trump after price hikes for three dozen drugs. public pressure led them to reverse course. trump promised to lower drug prices. the administration did not do much about this after the campaign pledge. it rolled out a blueprint in may for changing incentives fores y