Post by Logan on Apr 20, 2016 23:07:47 GMT -6
BOSTON — As prescription costs keep climbing, lawmakers in Massachusetts want drug-makers to justify the prices they charge for life-saving medicines.
Lawmakers backing a proposal to require drug companies to reveal their production costs say the goal is to force the industry to provide some transparency on pricing.
"Prescription drug prices are spiraling out of control, and it's stressing the whole system," said Rep. Lori Ehrlich, D-Marblehead, a co-sponsor of the bill and member of Legislature’s Committee on Healthcare Financing, which held a hearing on the proposal Monday.
Lynn Quincy, lobbyist for the nonprofit Consumers Union, said patients face "outrageous" spikes in prescription costs, while the actual costs of making drugs are "shrouded in secrecy."
Read more: www.dailyindependent.com/cnhi_network/massachusetts-lawmakers-want-drug-makers-to-reveal-costs/article_cad6f0d6-ba14-516c-8138-52f92aa5fad5.html
Lawmakers backing a proposal to require drug companies to reveal their production costs say the goal is to force the industry to provide some transparency on pricing.
"Prescription drug prices are spiraling out of control, and it's stressing the whole system," said Rep. Lori Ehrlich, D-Marblehead, a co-sponsor of the bill and member of Legislature’s Committee on Healthcare Financing, which held a hearing on the proposal Monday.
Lynn Quincy, lobbyist for the nonprofit Consumers Union, said patients face "outrageous" spikes in prescription costs, while the actual costs of making drugs are "shrouded in secrecy."
Read more: www.dailyindependent.com/cnhi_network/massachusetts-lawmakers-want-drug-makers-to-reveal-costs/article_cad6f0d6-ba14-516c-8138-52f92aa5fad5.html