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The Latest Breaking News from Prescription Drug

WeightWatchers gets into prescription weight loss business

WeightWatchers' stock is soaring after the company said it is getting into the prescription drug weight loss business with the acquisition of Sequence

The Independent UK

Biden previews Medicare drug price, tax increase proposals

WASHINGTON — President Joe Biden on Tuesday said he’ll propose increasing taxes on some upper-income business owners and expanding prescription drug cost controls enacted in last year’s budget reconciliation package as a means of lowering federal deficits and extending Medicare’s solvency.

Tribune News Service

Commentary: Want to make drugs, including insulin, affordable? End patent abuse

Drugmaker Eli Lilly on Wednesday said it will drop prices on some versions of insulin, and cap monthly out-of-pocket costs at $35 per product for insured individuals not covered by Medicare’s prescription drug program, which also maintains a $35 cap. The welcome move comes as lawmakers in both major parties…

Tribune News Service

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A bitter battle over the ‘orphan drug’ program leaves patients’ pocketbooks at risk

A prescription drug that helps Lore Wilkinson walk and talk despite a rare muscle disease cost her so little for more than a decade that she didn’t even use her insurance to pay for it. But now, her Medicare insurance is shelling out about $40,000 for a one-month supply of…

Tribune News Service

Editorial: FTC crackdown on GoodRx sends a message that private consumer data must be protected

Since 2017, GoodRx has helped millions of people find deals on prescription drugs via an app and website. But what its customers may not have known is that the Santa Monica-based health company had also been sharing information about their prescriptions and illnesses with third parties such as Google and…

Los Angeles Times

State of the Union 2023: Data and context behind Biden’s address

Biden highlighted legislative achievements from his past two years and described his economic, health, climate, and safety priorities moving forward. Here are the facts and data.

USAFacts

FTC fines GoodRx for unauthorized sharing of health data

The Federal Trade Commission has imposed a $1.5 million penalty on telehealth and prescription drug discount provider GoodRx Holdings Inc. for sharing users’ personal health data with Facebook, Google and other third parties without their consent

The Independent UK

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Mixing prescriptions and over-the-counter medicines can be dangerous—especially for older adults. Here's how to protect your health

Even seemingly harmless over-the-counter medicines can interfere with prescription drugs making for an unsafe combination

Fortune

Amazon Launches a Subscription Prescription Drug Service

Amazon is adding a prescription drug discount program to its growing health care business. The retail giant said Tuesday that it will launch RxPass, a subscription service for customers who have Prime memberships.

Asharq Al-Awsat

Amazon launches a subscription prescription drug service

Amazon is adding a prescription drug discount program to its growing health care business

The Independent UK

Editorial: Delay in making naloxone an over-the-counter drug to counter opioid overdoses was deadly

It's been six years since a startling story in The New York Times detailed how fatal opioid overdoses were tearing through rural regions of the United States "like a plow through soil." The report came as the nation was beginning to grasp that it faced the deadliest wave of drug…

Tribune News Service

How the pharmaceutical industry uses disinformation to undermine drug price reform

Canada’s drug prices are the fourth highest in the developed world. Despite this, Innovative Medicines Canada (IMC), the lobby group for Big Pharma, put out a call in November 2022 for the Canadian government to suspend consultations on guidelines aimed at lowering prescription drug prices.

The Conversation

States challenge Biden to lower drug prices by allowing imports from Canada

The Biden administration is facing mounting pressure from states to let them import medicine from Canada to help lower prescription drug costs.

Tribune News Service

Mark Cuban’s prescription drug company in talks with hospitals to fill drug shortages

Mark Cuban’s prescription drug company, known for “cutting out the middle man,” is in conversations with hospitals around the nation to identify the most common drug shortages.

Tribune News Service

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Tribune News Service

Medicare plan finder likely won’t note new $35 cap on out-of-pocket insulin costs

A big cut in prescription drug prices for some Medicare beneficiaries kicks in next year, but finding those savings isn’t easy.

Tribune News Service

Post-Roe, contraceptive failures carry bigger stakes

Birth control options have improved over the decades. Oral contraceptives are now safer, with fewer side effects. Intrauterine devices can prevent pregnancy 99.6% of the time. But no prescription drug or medical device works flawlessly, and people’s use of contraception is inexact.

The Independent UK

Biden aims to drive GOP contrast in Florida 1 week out

President Joe Biden is heading to Florida to blast the Republican Party over proposals to undo prescription drug price caps and change Social Security and Medicare

The Conversation

Health secretary Thérèse Coffey gave leftover prescription drugs to a poorly friend – is this advisable or legal?

Thérèse Coffey, the health secretary for England, has admitted to giving her leftover antibiotics to friends and family who were feeling unwell. This led to the British Medical Association issuing a statement, describing her actions as “not only potentially dangerous, but also against the law”.

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Axios

Biden to sign executive order aimed at lowering drug costs

It's Biden's last push to position the Democratic party as a champion for lowering health care costs.

The Independent UK

Biden pushing lower prescription drug costs in midterm press

President Joe Biden will head to a community college in Irvine, California, on Friday to meet with seniors and tout his administration’s efforts to reduce inflation and drive down costs

The Independent UK

How to change Medicare plans — and why you might want to

Medicare open enrollment starts soon, but 7 in 10 Medicare beneficiaries say they don’t compare Medicare plans during this period, which stretches from Oct. 15 to Dec. 7

WEKU

Legal fights and loopholes could blunt Medicare's new power to control drug prices

The Inflation Reduction Act gives Medicare historic new powers to limit prescription drug prices. But the pharmaceutical industry is already lobbying to dull their impact.

Chicago Sun-Times

Importing prescription drugs from Canada would help more Americans afford medications they need

Congress should take up the Affordable and Safe Prescription Drug Importation Act, a bill that would offer immediate drug price relief.

Chicago Sun-Times

Congress can do more to reduce prescription drug costs

The Inflation Reduction Act is a huge step in the right direction. Two proposed laws would do more to help millions of Americans afford the prescriptions they need.

Tribune News Service

Commentary: A miss in the Inflation Reduction Act: Better paid leave policies

The Inflation Reduction Act is now law. In the long run, the law is expected to have beneficial effects on deficit reduction as per the Congressional Budget Office. Through extensions of Affordable Care Act subsidies and prescription drug pricing reforms, it aims to decrease health care expenditures for seniors and…

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