Pharmaceutical executives seemed to reach a consensus that it'll take government action to solve the conundrum of how we get to lower drug prices.
\n\nPharmaceutical CEOs and executives from seven companies went in front of Congress on Tuesday to testify about the high price of prescription drugs.\nOver the course of a few hours, senators grilled the executives about the role they play in setting high prices for Americans as well as what they could do to fix it. \nToward the end, the executives seemed to reach a consensus that it;'ll take government action to solve the conundrum of how we get to lower prices.
\n;"We couldn’t do that independently of major reform because we would lose formulary placement if we were doing that in isolation, especially in competitive areas,;" Brandicourt said. \nAstraZeneca CEO Pascal Soriot said the US healthcare system is set up in a way that no longer works. \n;"We are in a system that used to be fit for purpose and drove enormous savings, but is no longer fit for purpose,;" Soriot said.
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