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Drug Transparency

By Clip Syndicate
Frustration over prescription drug prices is prompting some states to force pharmaceutical makers to justify the cost of medications.

http://eplayer.clipsyndicate.com/view/12493/7132389 Video: Drug Transparency
Frustration over prescription drug prices is prompting some states to force pharmaceutical makers to justify the cost of medications.
http://chic.clipsyndicate.com/video/playlist/12493/7132389?cpt=8&wpid=2637 Tue, 17 Oct 2017 02:04:33 +0000 Drug Transparency Frustration over prescription drug prices is prompting some states to force pharmaceutical makers to justify the cost of medications. http://chic.clipsyndicate.com/video/playlist/12493/7132389?cpt=8&wpid=2637 WLAX for april. frustration over prescription drug prices is prompting some states to force pharmaceutical makers to justify the cost of medications.a trio of bills introduced by democratic lawmakers here in wisconsin calls for more transparency in the prescription drug industry. brooke schwieters explains... 1:02 i always say we can never talk about the cost of medicine, because we don't know what the cost is anymore, we only know what people charge or what the prices are for drugsfor state representative deb kolste, the unknown for patients is the focus for reforming the pharmaceutical industry...one of the bills would prevent insurers from suddenly cutting off coverage for a medication ... another would require pharmacy benefit managers to register with the state's office of commissioner of insurance before operating in wisconsin.the third, which would require drug manufacturers of name brand and generic prescription drugs to notify the state prior to price increases of more than 25%, a phrma representative says the proposed bills would "do nothing to lower cost for patients."he says it's because patients are paying higher out-of-pocket costs because health plans are shifting more of their costs to consumers kolste says the legislation is simply about transparency6:08 we expect companies to make a profit, but this is more manipulation of the system, it's a system that we don't understand, so we've got to figure out a way to understand the system and bring pricing under control.one local man says it is the pricetag that people are concerned about 27:21 "the pharmaceutical 3 companies and the consumer, they will push it as far as it will go, it's all about the money, follow the money, and you can make a lawy that says they have to be more transparent, but it can't change what they're doing- making





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