Monday, October 15, 2018

What You Need to Know about Putting Drug Prices in TV Ads

U.S. Department of Health and Human Services

What You Need to Know about Putting Drug Prices in TV Ads

“If we want to have a real market for drugs, why not have [companies] disclose their prices in the ads, too? Consumers would have much more balanced information, and companies would have a very different set of incentives for setting their prices.” – HHS Secretary Alex Azar
In May 2018, President Trump and Secretary Azar introduced the American Patients First blueprint - PDF to bring down prescription drug prices.
·         The blueprint laid out four strategies for solving the problems patients face: boosting competition, enhancing negotiation, creating incentives for lower list prices, and bringing down out-of-pocket costs.
·         To create better incentives for list prices, the blueprint called for HHS to consider requiring the inclusion of list prices in direct-to-consumer advertising.

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