Connect with us

President Donald Trump signed a law that ends insurance companies’ pharmacist gag clauses in an effort to lower drug prices Wednesday.

“If there’s anything bipartisan it’s lowering drug prices,” Trump said while signing the Patients’ Right To Know Drug Prices Act according to CBS News.

Currently, insurers and pharmacy benefit managers use the gag clauses to “forbid pharmacists from proactively telling consumers if their prescription would cost less if they paid for it out-of-pocket rather than using their insurance plan,” according to a press release from Maine Republican Sen. Susan Collins, the bill’s sponsor.

Trump also signed Democratic Michigan Sen. Debbie Stabenow’s Know the Lowest Price Act, which “prohibits Medicare drug plans from putting a gag clause on a pharmacy in their contracts,” according to CNN.

The Patients’ Right To Know Drug Prices Act would lead to “a slight decrease in federal revenues,” according to the Congressional Budget Office.

That decrease could be offset by another provision in the bill, reported Politico.

Collins’s bill also targets “pay-for-delay,” a tactic where a brand drug company pays a generic manufacturer to withhold a product that would compete with the brand drug for market share.

Closing this loophole could save consumers and taxpayers money, according to the Federal Trade Commission.

“Who would think that using your debit card to buy your [prescription] drugs could be less expensive than using your insurance card? It’s counterintuitive. Americans have the right to know which payment method provides the most savings when purchasing their prescription drugs,” Collins tweeted Wednesday after Trump signed the bill.

The bill’s other authors are Republican Sens. John Barrasso of Wyoming and Bill Cassidy of Louisiana, as well as Democratic Sens. Claire McCaskill of Missouri and Debbie Stabenow of Michigan.

Trump publicized his support for the Senate bill Sept. 17.

“Americans deserve to know the lowest drug price at their pharmacy, but ‘gag clauses’ prevent your pharmacist from telling you!”

Trump tweeted about the Patient Right to Know Drug Prices Act.

“I support legislation that will remove gag clauses and urge the Senate to act.”

Advertisement
3 Comments

3 Comments

  1. Stephen Russell

    October 12, 2018 at 3:09 pm

    Need more Herbal RX, organic RX vs the processed crap from Big Pharma IE Marijuana pills, gummies etc.
    Herbal teas etc remedies vs Big Medicine crap Nationwide

  2. Lou7

    October 12, 2018 at 4:21 pm

    I will tell you what I do and not name the Pharmacy so as not to get them in trouble. I just ask for the generic drug and ask the PHARMACIST to price check. One prescription was billed at $36.00 and after it was price checked with COSCO and Was Mart I was charged $4.00. I do not have prescription insurance. Other prescriptions the pharmacist will find coupons for. An ointment I needed was $400.00+ and I got it for $179.00. The inhaler I use has a generic which is not allowed to be sold in the USA. The name brand is over $400.00, I get the generic thru Canada for $33.00 each. The house and senate should be ASHAMED, they are the ones who allow this garbage. The inhaler was a trade off with a medicare decision on drugs. Shame, shame, shame. I have so many friends who in 3 months are in the doughnut hole on their drugs and are not taking the drugs because of cost. Shame on our government!

  3. Jon Wisdom

    October 17, 2018 at 1:59 pm

    I agree with outlawing gag clauses. But the law needs to go farther. If you buy outside the insurance plan, the cost of the drug does not count toward your deductible or out of pocket maximum. For those who will meet their deductible or out of pocket maximum, these lower prices now could cost more later in the year. Several years ago you could pay the lower pharmacy price and have it count. It is fraud for PBMs to profit like this.

Leave a Reply

Your email address will not be published. Required fields are marked *

CF