WASHINGTON — A coalition that includes pharmacy middlemen and insurers has launched a six-figure ad campaign attacking a cornerstone of President Trump’s plan to lower drug prices, declaring it would amount to a “big pharma bailout.”

The ads, launched by the Campaign for Sustainable Rx Pricing, are focused on Trump’s plan to end the rebates that middlemen and insurers negotiate with drug makers in exchange for a drug’s placement on insurance formularies. The ads seize upon the Trump administration’s own admission that the proposal could raise Medicare premiums, given rebates are typically used to make insurance cheaper for patients.

Unlock this article by subscribing to STAT Plus and enjoy your first 30 days free!


What is it?

STAT Plus is STAT's premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond.

What's included?

  • Daily reporting and analysis
  • The most comprehensive industry coverage from a powerhouse team of reporters
  • Subscriber-only newsletters
  • Daily newsletters to brief you on the most important industry news of the day
  • Online intelligence briefings
  • Frequent opportunities to engage with veteran beat reporters and industry experts
  • Exclusive industry events
  • Premium access to subscriber-only networking events around the country
  • The best reporters in the industry
  • The most trusted and well-connected newsroom in the health care industry
  • And much more
  • Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr.

Leave a Comment

Please enter your name.
Please enter a comment.

  • You must be kidding!!! PCMA must really be getting a ass kicking from the PBM’s! Taking away drug rebates will take hundreds of millions of dollars from the PBM’s, That were really never theirs to begin with!!!
    This is extortion money !! Period!!
    These PBM’s have to be governed!
    Actually the CEO’s need to be incarcerated for defrauding the federal and state (many states)
    Governments !!! Why doesn’t D.O.J see this !!!!

A roundup of STAT’s top stories of the day in science and medicine

Privacy Policy