Pharmaceutical companies will have to disclose drug prices in television commercials in the U.S. for the first time as the Trump administration begins to put in place a plan to lower prescription costs.
Health and Human Services Secretary Alex Azar testifies before a House Appropriations subcommittee on Capitol Hill in Washington.
The Department of Health and Human Services finalized a rule Wednesday that would require drugmakers to disclose a drug’s cost if its price before rebates and discounts is above $35 for a month’s supply or the usual course of therapy.
Drugmakers had started disclosing prices online, with the Pharmaceutical Research and Manufacturers of America urging members to, which discuss different pricing scenarios rather than just the list price. The trade association said the rule would give patients watching TV the false impression that they’re required to pay the full price and that the ads would deter patients from seeking treatment. The group also said the proposal would violate the 1st Amendment by compelling commercial speech.California Inc. Newsletter
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