Listen Now ButtonListen Live Now!

Mailing List ButtonSign up for our Mailing List!

Senators urge action to block drastic drug price hikes

Local

Senators urge action to block drastic drug price hikes

WASHINGTON (AP) – Two senators are urging Congress to block companies from cornering the market on old, off-patent drugs and hiking their prices many times over. Republican Susan Collins of Maine and Democrat Claire McCaskill of Missouri on Wednesday released findings from a year-long investigation into companies including Turing Pharmaceuticals, which generated national outrage after […]

Senators urge action to block drastic drug price hikes

WASHINGTON (AP) – Two senators are urging Congress to block companies from cornering the market on old, off-patent drugs and hiking their prices many times over.

Republican Susan Collins of Maine and Democrat Claire McCaskill of Missouri on Wednesday released findings from a year-long investigation into companies including Turing Pharmaceuticals, which generated national outrage after increasing the price of a decades-old drug by more than 700 percent.

The congressional report comes as lawmakers and pharmaceutical executives try to gauge President-elect Donald Trump’s interest in government interventions to curb rising drug prices, a leading health care concern among U.S. patients.

Most pharmaceutical companies increase prices annually as a matter of doing business. But drastic price increases by Turing, Valeant Pharmaceuticals and several other drugmakers have turned drug pricing into a national issue.

Share:
  • googleplus
  • linkedin
  • tumblr
  • rss
  • pinterest
  • mail

By News

Error, no group ID set! Check your syntax!