The House Ways and Means Health Subcommittee yesterday held a on proposals to lower drug prices and promote new cures. 

Witness Ge Bai, an associate professor at Johns Hopkins University鈥檚 Carey Business School and Bloomberg School of Public Health, said Congress should require drug makers to disclose their financial relationships with independent patient assistance programs and patient advocacy organizations and their free drug samples to clinicians. She said these transactions 鈥渃an undermine the best interests of patients and their insurance plans while benefiting drug manufacturers financially.鈥   

Juliana Keeping, communications director for Patients for Affordable Drugs and the mother of a child with cystic fibrosis, also urged Congress to 鈥渆liminate the need for patient assistance programs by making drug costs affordable and cost-sharing manageable.鈥 

Tara O鈥橬eill Hayes, director of human welfare policy for the American Action Forum, called for changes to the Part D benefit to remove 鈥減erverse incentives for insurers and drug manufacturers to benefit from high-cost drugs.鈥 

Steven Tananbaum, a senior fellow for the Council on Foreign Relations, recommended Congress remove incentives for drug makers to move profits and production offshore.

In December, the House of Representatives passed H.R. 3, legislation that would make changes to the Medicare program in an effort to lower prescription drug prices. 

Subcommittee Ranking Member Devin Nunes, R-Calif., said both parties 鈥渃an work together to lower drug prices for families without reducing cures, but H.R. 3 is not the answer.鈥 Instead, he voiced support for . 
 

Related News Articles

Headline
The Department of Health and Human Services May 20 announced it has identified specific pricing targets for pharmaceutical manufacturers to meet to satisfy鈥
Headline
The Centers for Medicare & Medicaid Services May 12 released draft guidance for the third round of negotiations for the Medicare Drug Price Negotiation鈥
Headline
The White House May 12 released an executive order to reduce prescription drug costs by allowing consumers to make direct purchases from drug manufacturers at鈥
Headline
The White House April 15 released an executive order directing federal agencies to undertake a broad range of tasks aimed at reducing the costs of prescription鈥
Headline
The Department of Commerce yesterday released notices announcing national security investigations on imports of pharmaceuticals, pharmaceutical ingredients and鈥
Headline
The AHA Feb. 28 filed a friend-of-the-court brief in the U.S. Court of Appeals for the 4th Circuit, urging the court to affirm a decision by the U.S. District鈥