In his latest column, Davidlaz writes: Drugmakers need to take a chill pill over the new price-disclosure requirement.
The rigged nature of the U.S. healthcare system was highlighted this week as the drug industry challenged even a half-hearted attempt to shine a little sunlight on pricing.
The drug industry responded as if Trump is forcing manufacturers to hand out their products for free. “We support providing patients with more transparency about medicine costs,” Ubl said, insisting that patients prefer the industry’s less-transparent approach of posting prices online, where they’re harder to find.
The auto industry was interested in profits before public safety, and drug companies are behaving in no less a contemptuous fashion.They say disclosing drug prices in TV ads would give the impression that patients have to pay that much for their meds, when in reality, thanks to insurance and discounts, out-of-pockets costs likely are less.
A big problem here is that drug prices are deliberately complicated to prevent anyone from knowing how much money is truly changing hands.
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