Don't expect the Trump administration's newest drug pricing plan to lower all US drug prices yet, 7 pharma execs just told Congress

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Don't expect the Trump administration's newest drug pricing plan to lower all US drug prices yet, 7 pharma execs just told Congress
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Seven top pharma executives said they were in support of lowering drug prices. But they also had certain conditions.

He asked seven top pharmaceutical executives if they would commit to lowering their prices, should rebates be curbed.

"Some of you have voiced support for the recent rebate rule proposed by the administration," Grassley said."Should the administration finalize this rule, will you commit to lowering your drug prices?" Sen. Chuck Grassley, R-Iowa, chairman of the Senate Finance Committee, attends a hearing on drug prices, Tuesday, Feb. 26, 2019 on Capitol Hill in Washington.Their answers were mixed. Most were clear that they would support it — but also added some caveats. Here's what they said:Mr. Chairman, we are supportive of the rule. We'd like to see it in its final form, obviously, to make a final decision. But we are supportive of taking the discount to the patient at the point of sale.

Yes we're supportive, and that definitely would be my goal. We would just need to see the final legislation, provided that there aren't additional fees that are added into system to compensate for the rebates.""I would expect that our prices would go down if we change the system. Again, on the commercial side as well as the Medicare side."It is very clear intention that we will not keep a single dollar from these rebates.

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