August 17, 2018

The Hill: Companies report no signs of drugmakers cutting prices, despite Trump pledge

Several companies that manage prescription drug benefits for insurers say they have not received any commitments from drugmakers to lower list prices. 

Express Scripts, Humana, MedImpact, Optum RX and Prime Therapeutics all wrote in letters to Sens. Elizabeth Warren (D-Mass) and Tina Smith (D-Minn.) that they have not received commitments from drug manufacturers to lower drug prices. 

President Trump said earlier this summer that drugmakers would soon announce "massive" and "voluntary" price cuts, but so far Merck is the only company to decrease the costs of some medicines.

Read the full story on The Hill website here.

By:  Jessie Hellmann
Source: The Hill