Drug Firms Fear PBM ‘Discrimination’ Over List Price Reductions, Azar Tells Hearing

HHS Secretary Azar explains why companies have not voluntarily lowered prices as yet, despite President Trump’s recent comments. He also discussed using regulations to prohibit rebates.

Alex Azar, Trump’s HHS secretary nominee, who spoke at the Senate HELP committee 11/29/17

The US Congress could help deter pharmacy benefit managers from discouraging list price decreases by ensuring there is “transparency” to payers about when their PBMs "receive offers to lower list prices and actually act against that,” HHS Secretary Alex Azar suggested during a Senate Health, Education, Labor and Pensions hearing June 12.

Azar raised the issue of PBMs obstructing price reductions in response to a question from HELP Committee Chairman Lamar Alexander,...

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