Public Citizen Challenges Notion of Drug Prices Falling
Public Citizen says the Trump administration “has been unable to enact a single meaningful reform to bring down drug prices. That happens when you hire pharma execs to regulate pharma execs. Now the president is turning to the Council of Economic Advisers (CEA) to invent the drug pricing victory he did not achieve.”
In a statement, the advocacy group says a CEA report issued earlier this week “measures pricing trends by high-volume drugs dispensed at pharmacies rather than by the high-priced drugs that are causing rationing, bankruptcy, and suffering. The White House put work into these alternative facts. Instead, it should work to line up Republican votes for the modest but meaningful legislation developed by Sens. Chuck Grassley (R-IA) and Ron Wyden (D-OR). Perhaps the president could remember a more ambitious promise he made and broke, and support legislation for direct government price negotiations with drugmakers. People are still waiting for that real relief.”
Public Citizen also criticizes Trump for allowing drug companies to “rig” the revised North American Free Trade Agreement to lock in high drug prices in the U.S. and raise prices in Canada and Mexico.