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Trump signs bills lifting pharmacist 'gag clauses' on drug prices
NBC News reported last year on the agreements between pharmacies and insurance companies that had kept some pharmacists from disclosing cheaper drug options to consumers.
Oct. 10, 2018
By Dartunorro Clark and Brenda Breslauer
President Donald Trump signed two bills at the White House on Wednesday aimed at lowering pharmaceutical drug prices by promoting greater disclosure in drug pricing.
The two bills the president signed — the Know the Lowest Price Act and the Patients' Right to Know Drug Prices Act — are meant to prevent "gag clauses" in agreements between pharmacies and pharmacy benefit managers, the middlemen who administer prescription drug programs for insurance companies, which pharmacists say kept them from disclosing cheaper drug options to consumers.
Trump said of the current state of drug pricing at the signing. "You look at prices in our country and for the exact same drug in other countries, it's much lower — made in the same plant by the same company — and I said, 'What's going on?'"
He added, "Now, they'll be able to see pricing and they'll be able to see where they should go and as they start leaving certain pharmacies, those pharmacies will be dropping their prices."
https://www.nbcnews.com/politics/wh...ing-pharmacist-gag-orders-drug-prices-n918721
NBC News reported last year on the agreements between pharmacies and insurance companies that had kept some pharmacists from disclosing cheaper drug options to consumers.
Oct. 10, 2018
By Dartunorro Clark and Brenda Breslauer
President Donald Trump signed two bills at the White House on Wednesday aimed at lowering pharmaceutical drug prices by promoting greater disclosure in drug pricing.
The two bills the president signed — the Know the Lowest Price Act and the Patients' Right to Know Drug Prices Act — are meant to prevent "gag clauses" in agreements between pharmacies and pharmacy benefit managers, the middlemen who administer prescription drug programs for insurance companies, which pharmacists say kept them from disclosing cheaper drug options to consumers.
Trump said of the current state of drug pricing at the signing. "You look at prices in our country and for the exact same drug in other countries, it's much lower — made in the same plant by the same company — and I said, 'What's going on?'"
He added, "Now, they'll be able to see pricing and they'll be able to see where they should go and as they start leaving certain pharmacies, those pharmacies will be dropping their prices."
https://www.nbcnews.com/politics/wh...ing-pharmacist-gag-orders-drug-prices-n918721

