Congressional Dems Want ‘Drug Deal’ Information
In letters to AstraZeneca, Lilly, Novo Nordisk, and Pfizer, congressional Democratic health leaders are asking for detailed information on the companies’ agreements with the Trump administration to lower prices for some of their drugs in some markets. In a statement (includes links to the letters to the companies) from Democrats on the House Energy and Commerce Committee, three House members and one senator say, “The administration has yet to provide any public information that the announcements [of pricing agreements with the companies] will result in any real savings for consumers. In fact, economists have questioned whether consumers will see any meaningful benefits. The public deserves answers on this and a better understanding of what this means for their everyday costs.”
The statement says the letters ask for more information on the contours of the agreements, including the effects on Medicare, future pricing predictions, the parameters of the TrumpRx platform, and any other benefits the companies are receiving from the administration as a result of the agreements.
“While President Trump has made misleading and false claims to the American public with rhetoric around lowering drug prices, in reality, actions taken by the administration thus far have yielded little, and in some cases have raised prices for consumers,” the legislators wrote in the letters. “Skepticism and scrutiny are warranted as the Trump administration has repeatedly made announcements that fail to meet their stated goals, and instead, only increase costs on the consumer, and yield benefits to the Trump family and administration….Basic details about the agreement have yet to be confirmed by either [party], making it seem that both parties are attempting to shield themselves from oversight accountability, and specifics that could inform consumers whether the agreement will save money.”