Sen. Chuck Grassley rips pharmaceutical executives' response to soaring drug prices. 'I'm sick and tired of the blame game. It's time for solutions.'
Sen. Ron Wyden, the ranking member of the committee, called soaring drug prices"morally repugnant" and derided the pharmaceutical executives in attendance as conducting business in an"unacceptable" way.
At the start of the hearing, Wyden said he was present decades ago when tobacco executives were called before Congress to explain themselves."They lied that day," Wyden said."This chairman and I expect better than that today." Among cost-saving ideas from the Trump administration, one suggests setting the reimbursement level for certain drugs administered in doctors' offices and hospital outpatient centers based on their cost in other countries, which typically pay far less. The so-called International Pricing Index model has already faced blowback from many quarters, including some Republican lawmakers.
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