Thursday, 20 September, 2018

Trump sells out to the drug companies, according to Trump

President Donald Trump speaks during a roundtable discussion on tax reform at the Cleveland Public Auditorium in Cleveland Ohio U.S President Donald Trump speaks during a roundtable discussion on tax reform at the Cleveland Public Auditorium in Cleveland Thomson Reuters
Ellis Copeland | 11 May, 2018, 22:30

President Donald Trump is set to unveil his long-awaited plan for reducing drug prices after more than a year of bold promises to tackle pharmacy costs that are squeezing millions of Americans.

In February, the White House released a white paper proposing policies to lower high prescription drug prices, an idea Trump had campaigned on. "Because of the drug companies".

"America will remain the innovative pharmaceutical center of the world, but our patients are going to get more affordable drugs and our taxpayers are going to get better deals under the president's initiative", he told FOX Business' Charles Payne during an interview on Friday.

The populist rhetoric appears to be giving way to a more nuanced strategy focused on making the pharmaceutical market more open and competitive, with the aim of lowering costs for consumers.

Mr. Trump is also expected to target pharmacy benefit managers (PBMs), who negotiate drug discounts and rebates from pharmacies and manufacturers on behalf of commercial health plans and self-insured employers.

When you inflate drug prices it gives benefit managers a chance to take a slice of a bigger discount for themselves, while also adding to out-of-pocket expenses.

Medicare Part D, which provide prescription drug coverage for seniors, was enacted under President George W. Bush. However, some Administration officials have suggested tomorrow's proposals could go beyond these ideas and that "every ox will be gored".

The Department of Health & Human Services will take "a range of immediate actions" to implement the blueprint, according to a fact sheet provided by the White House on Thursday.

Brazil's Dani Alves suffers injury blow ahead of World Cup
The injury comes just days before Brazil coach Tite's Monday appointment to make his 23-man World Cup squad announcement. Alves played for Brazil in the last two World Cups and has 107 appearances for the team since his 2006 debut.


Washington: Iran Nuclear Inspections Must Continue
India has maintained that peaceful negotiations should be carried out to resolve the situation that has risen after U.S. Indo-Iran ties have been on a upswing after Tehran sealed the nuclear deal with the global community in 2015.


Boston Dynamics took the leashes off its robots Atlas and SpotMini
Run, Atlas, run: Boston Dynamics has received plenty of attention for videos of eerily lifelike legged robots in action. Once the operator presses "GO" at the beginning of the video, the robot is on its own.


It's uncertain how a full throated roar against "socialist" drug pricing policies will do anything to cut U.S. prices - or if raising prices overseas would even help achieve the administration's goal of lowering outlays for drugs here.

Some of the administration's efforts will seek to lower what consumers or the federal government pay at the pharmacy or to a provider, which some policy experts argue does little to affect the source of the problem: the high list prices of medications.

Most other developed nations pay far less for brand-name drugs than the United States does, which has led to claims that Americans are subsidizing medical costs for the rest of the world.

Meanwhile, the Food & Drug Administration is focusing on reducing prices by increasing competition from generic drugs and so-called biosimilars, which are almost identical to super-expensive biologic medicines.

In a speech last week, Food and Drug Administration Commissioner Scott Gottlieb proposed re-examining a safe harbor in anti-kickback laws for rebates drugmakers negotiate with insurers and pharmacy-benefit managers.

Pharma has also pointed a finger at insurers for increasingly forcing patients to shoulder more of the cost of drugs through rising co-pays and deductibles.

A majority of Americans say bringing down prescription drug prices should be a "top priority" for Trump and Congress, according to recent polling by the Kaiser Family Foundation. And they've been quick to point out that Mr. Trump's health secretary - Mr. Azar - is a former pharmaceutical executive.

Recommended

Minecraft Cross-Platform Play Comes To Nintendo Switch In June Minecraft Cross-Platform Play Comes To Nintendo Switch In June The Bedrock edition for Switch will contain all previously included content, such as the exclusive Super Mario Mash-Up Pack. Players will also gain access to new mini-games and game modes through online community-run servers.

Did Democrats' Blue Wave Crash On The Shores Of Ohio? Did Democrats' Blue Wave Crash On The Shores Of Ohio? Democrat Liz Watson, a former congressional staffer, eclipsed two other candidates with 66% of the vote in Tuesday's primary. Now, Braun's setting the table for Trump's visit with hefty praise for the president's tax cuts.

Barrie no longer has the highest unemploymnent rate in Canada Barrie no longer has the highest unemploymnent rate in Canada Meanwhile, the unemployment rate remained unchanged at a decade-plus low and wage growth accelerated at its fastest pace in almost six years.

Premier Rachel Notley unveils pro-Trans Mountain ads Premier Rachel Notley unveils pro-Trans Mountain ads He said the Alberta-to-B.C. pipeline would carry what he called "dirty tar sands oil", a term favoured by industry opponents. Trudeau's government approved expansion of the Trans Mountain line in 2016, but the B.C. government has been fighting it.

Alexa, Siri, and Google Assistant can hear silent commands that you can't Alexa, Siri, and Google Assistant can hear silent commands that you can't The researchers have now demonstrated that automatic speech recognition, too, is vulnerable to such attacks. It was also able to embed the same command within a four second segment of Verdi's Requiem.

Cryptocurrency and data centre drops hit Nvidia results Cryptocurrency and data centre drops hit Nvidia results In total, Nvidia's GeForce gaming business brought in $1.72 billion, growing 68 percent compared to Q1 past year . Nvidia is coming off a record quarter in which revenue shot up 66 percent year-over-year to $3.21 billion.

Burglar Allegedly Invades Rihanna's Home Burglar Allegedly Invades Rihanna's Home When officers reportedly arrived at the house, they found a man who appeared to have stayed at the property overnight. The 26-year-old Orange County man made himself comfortable at the singer's home , spending a night there.

Rebel House Republicans seek to force 'Dreamer' immigration vote Rebel House Republicans seek to force 'Dreamer' immigration vote The Goodlatte bill deals with the 700,000 "DACA" [people] who have that status, and the Democrats said no after asking for that... Bob Goodlatte, R-Virginia, and others to the floor, which GOP leadership has been sitting on because it lacks the votes.

Alonso throws his Formula One future in the air Alonso throws his Formula One future in the air Alonso also steered clear of saying that last weekend's victory at Spa was enough to energize him or his team for a big effort - or even a win - this weekend in Barcelona .

Pence calls on Mueller to 'wrap up' investigation Pence calls on Mueller to 'wrap up' investigation Trump teased something new on health care soon and touted the repeal of the law's individual mandate previous year . "He was deaf. It's the recreational vehicle-making capital of the world: More than 80% of all RVs are manufactured in the region.

Treasury inspector basic probing potential leak of Cohen monetary information Treasury inspector basic probing potential leak of Cohen monetary information Novartis said the business relationship was brief but still paid Cohen $1.2 million because it couldn't get out of the contract. Cohen's relations with Trump began with his dabbling in real estate and purchases of apartments in Trump buildings in NY .

Elon Musk Shows Off Almost Finished Boring Company Tunnel Elon Musk Shows Off Almost Finished Boring Company Tunnel Musk describes a system in which vehicles would descend via elevators into tunnels and move on electrically powered sleds. Musk - who is also the CEO of Tesla and SpaceX - posted a short video on Instagram of a trip through the Loop's tunnel.

Saudi tests siren after Yemen rebels fire new missiles Saudi tests siren after Yemen rebels fire new missiles So far, a total of 135 missiles have been shot down since Saudi Arabia launched its military campaign in Yemen in 2015. The missiles were "unquestionably" fired at the city "with the intention of hitting inhabited areas", he added.

Alexa smart homes show Amazon partnership with builder Alexa smart homes show Amazon partnership with builder There is no better way - and that is exactly what Amazon is doing with its new lineup of Amazon Experience Centers . But the folks at Amazon don't want to stop there.

FCC fines man $120M for sending millions of robocalls FCC fines man $120M for sending millions of robocalls Abramovich claimed that he had no intent to cause harm, and that the proposed forfeiture amount was unconstitutional. With these cheap services and software, nearly anyone can plug in and play in the robocalling game, Abramovich said.