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The Latest Breaking News from Prescription Drug

Can Medicare negotiate the price of prescription drugs?

The ten most expensive drugs covered by Medicare are responsible for about a fifth of total Medicare drug spending.

USAFacts

Editorial: In the Inflation Reduction Act, a much-needed step toward lowering prescription drug costs

It's become tiresome to see progressive politicians act like a pouting teenager who seems to think it's a sin to ever admit satisfaction with anything. Their lukewarm reaction to Senate passage of the admittedly ill-named Inflation Reduction Act won't help energize the voters Democrats need to avoid conservatives regaining Congress…

The Philadelphia Inquirer

Editorial: History will judge us on action (and inaction) on climate

On Friday, the U.S. House of Representatives is scheduled to cap off what has been a very good week for President Joe Biden with passage of the Inflation Reduction Act, legislation that is expected to lower prescription drug costs and raise corporate taxes while helping fight rising consumer prices.

Tribune News Service

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First Thing: Senate passes $739bn healthcare and climate bill

Inflation Reduction Act will reduce planet-heating emissions and lower prescription drug costs – and give Biden a crucial victory. Plus, meet Casper the ghostly octopus

The Guardian - UK

Senate Democrats pass sweeping health care, tax and climate bill

WASHINGTON — Senate Democrats on Sunday passed a sweeping health care, tax and climate change bill that will allow Medicare to negotiate prescription drug costs — a significant political win as the party tries to send a message before the midterm election that it is delivering on its promises.

Los Angeles Times

Senate Democrats pass bill that tackles climate crisis and lowers prescription drug prices

The legislation – which would be the largest investment yet in combating the climate crisis – now heads to the House of Representatives.

The Independent UK

US Senate passes $739bn healthcare and climate bill after months of wrangling

Inflation Reduction Act will reduce planet-heating emissions and lower prescription drug costs – and give Biden a crucial victory

The Guardian - US

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Drug price bill pruned by Senate arbiter in partial industry win

Medicare was cleared to negotiate drug prices for the first time by the Senate’s top rules official, though the Democrats’ proposal intended to cap price increases for prescription drugs in the commercial market was blocked.

Tribune News Service

Drug price bill pruned in Senate in partial industry win

Tribune News Service

Senate parliamentarian kills key part of Democrats’ prescription drug plan in the Inflation Reduction Act

The plan would cause manufacturers to rebate Medicare if they increased drug prices higher than inflation.

The Independent UK

Congress is about to act on drug price reform. Here's what you need to know

A deal on the table in Congress would help deliver on a long-time promise: to make prescription drugs more affordable. It includes a $2,000 cap on out-of-pocket expenses for Medicare patients.

WEKU

Groups launch last-ditch effort against drug pricing changes - Roll Call

Interest groups are spending millions in hopes of blocking legislation allowing Medicare to demand lower prices for prescription drugs.

Roll Call

Build Back Manchin: Here’s what is included in the monster spending deal agreed to by Democrats

Tons of money for renewable energy, lease sales for drilling in Alaska and the Gulf of Mexico and prescription drug pricing.

The Independent UK

Manchin, Schumer reach deal on climate, health, tax measure - Roll Call

A budget deal that West Virginia Democrat and the Senate majority leader had been discussing is officially back on the table.

Roll Call

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Axios

Big decisions loom for Democrats' giant health bill

Democrats' high-stakes math game

Axios

Democrats' Manchin rage

They're furious with him but privately take him at his word that he's still committed to lowering prescription drug prices.

Tribune News Service

Biden OKs health care-focused budget pact struck in Senate

WASHINGTON — President Joe Biden on Friday endorsed a plan hatched by two key Senate Democrats to pass a budget reconciliation package that would help lower the cost of prescription drugs and protect millions of households from health insurance premium spikes, even if it leaves out important clean energy priorities.

Axios

Manchin rules out climate spending and tax hikes, but open to prescription drug reform

Manchin remains open to a much smaller bill that focuses on deficit reduction.

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Los Angeles Times

Commentary: Mark Cuban won’t fix our drug pricing problem

Mark Cuban, the billionaire “Shark Tank” celebrity and Dallas Mavericks owner, is getting attention again — this time for his Mark Cuban Cost Plus Drug Co., which seeks to reduce prescription drug prices for Americans. A new study finds that Medicare could have saved $3.6 billion in 2020 if it…

Benzinga

AstraZeneca Says Imfinzi/Chemo Combo Shows Promising Action In Late-Stage Lung Cancer Study

AstraZeneca Plc (NASDAQ:AZN) announced high-level results from a planned interim analysis of the AEGEAN Phase 3 trial of Imfinzi (durvalumab) combined with neoadjuvant chemotherapy in patients with resectable non-small cell lung cancer (NSCLC). The data showed that Imfinzi plus neoadjuvant chemo before surgery demonstrated a statistically significant and meaningful improvement in pathologic complete…

Benzinga

U.S. FDA Accepts Emergent's Anthrax Vaccine Candidate Filing For Review

The U.S. Food and Drug Administration (FDA) has accepted to review Emergent BioSolutions’ (NYSE: EBS) Biologics License Application (BLA) for its new anthrax vaccine candidate AV7909. The regulatory agency sets the Prescription Drug User Fee Act (PDUFA) goal date for a decision in month of April 2023.

The Independent UK

Liz Weston: How to afford your meds and support your health

What you pay for a prescription drug varies enormously depending on your medication, pharmacy, insurance and other factors

Miami Herald

A handyman, wives, Escalades, ghost pharmacies: A $9 million Miami drug coupon fraud

MIAMI — Two Kendall men spent seven years — not even pausing during the two years one of them was in prison — raking in $9 million in a scam involving coupons meant to help people pay for prescription drugs. They used friends, wives of friends, shell companies and pharmacies…

Tribune News Service

California wants to slash insulin prices by becoming a drugmaker. Can it succeed?

SACRAMENTO, Calif. — California is diving into the prescription drug business, attempting to achieve what no other state has done: produce its own brand of generic insulin and sell it at below-market prices to people with diabetes like Sabrina Caudillo.

Boston Herald

Prices for new brand-name prescription drugs spike: Brigham and Women’s Hospital research

BOSTON — A new study out of Brigham and Women’s Hospital shows how newly marketed brand-name drugs in the U.S. are driving up health care spending, resulting in “detrimental effects for patient access and affordability.”

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