Contribute Try STAT+ Today

In a blow to the pharmaceutical industry, California Gov. Jerry Brown on Monday signed a bill into law that requires drug makers to explain and justify price hikes, making this the latest state to actively address the high cost of medicines.

The bill, which was vociferously fought by the pharmaceutical industry, is set to become one of the more comprehensive state efforts to address pricing transparency.

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

GET STARTED

What is it?

STAT+ 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
  • STAT+ Conversations
  • Weekly opportunities to engage with our reporters and leading industry experts in live video conversations
  • 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.
  • Ed,
    Hopefully this will come to a head and finally be resolved . And you know what your gonna say, ” Damn ! that Jeff Liberman was right !” Ed the manufacturers are correct, unless there is transparency from the PBM’s NOTHING will change!
    Don’t you see where the problem is ? I keep saying it over and over , It’s the PBM’s Ed !!!! Tell me, if the PBM’s have nothing to hide and are blaming the manufacturers for the high prices of drugs, then why is everything such a secret with the PBM’s ? The PBM’s need to be totally transparent. This will never happen because if they were they couldn’t steal from every possible direction ! Why wouldn’t a PBM tell they’re client how much they are paying pharmacies ?That’s because if they did that then they couldn’t steal the spread between those 2 amounts. These D.I.R fees that are imposed upon pharmacies, totally stealing and there are no laws to stop them from doing so.
    Remember these words Ed…. ” As soon as the PBM’s are totally transparent every party that’s complaining about the high price of drugs will start saying I can’t believe how much money we’re saving” Except the PBM’s of course !

Comments are closed.

Your daily dose of news in health and medicine

Privacy Policy