Senate Passes Measure to Require Disclosure of Drug Prices in TV Ads
Source: The Hill
The Senate on Thursday passed a measure to provide funding to require drug advertisements to disclose the price of the drug after a last-minute push.
The move marks a rare moment where Congress took some action aimed at high drug prices, a contentious issue that has been a recent target of Democrats and the Trump administration.
“More information gives transparency to the transaction, and will help give American consumers a break and start to slow down the skyrocketing cost of prescription drugs,” Durbin said in a statement.
The Senate’s health spending bill still needs to be reconciled with the House’s before it goes to the president’s desk.
Grassley and Durbin worked up until Thursday to get their amendment included, warning that powerful pharmaceutical companies were working against them.
“What we’re up against here is a very powerful interest in this town,” Grassley said earlier on Thursday.
The pharmaceutical industry opposes requiring prices to be disclosed in TV ads. The Pharmaceutical Research and Manufacturers of America, the main drug industry lobbying group, warned the move would “confuse patients” and could violate the First Amendment.
The Trump administration supports the idea, and has proposed it as part of President Trump’s plan to lower drug prices.
David Mitchell, president of the advocacy group Patients for Affordable Drugs, said the move was not a major step but was going in the right direction.
“We don’t see this as a big step that will lower drug prices,” he tweeted. “But giving consumers/patients more info is a good thing in and of itself.”
Filed Under: ACA/Health Reform