The Trump administration just proposed a ban on a little-known practice in the pharmaceutical industry that’s been blamed for high drug prices
|02/01/2019||Posted by BusinessMediaguide.Com under General World News||
- The Trump administration just proposed a new rule that could bring down the cost of prescription drugs for patients.
- The Department of Health and Human Services wants to ban some payments, called rebates, between drugmakers and middlemen.
- Rebates are negotiated between middlemen called pharmacy benefit managers and drugmakers, and are linked to individual drugs. They’re usually passed along to health plans, but don’t always make it to the patients taking the drugs.
- These rebates have historically been protected from the Anti-Kickback Statute.
The Trump administration just made a big move against a little known pricing practice that the pharmaceutical supply chain depends on. read more >>>