skip to main content
skip to newscasts

Thursday, April 25, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

SCOTUS skeptical that state abortion bans conflict with federal health care law; Iowa advocates for immigrants push back on Texas-style deportation bill; new hearings, same arguments on both sides for ND pipeline project; clean-air activists to hold "die-in" Friday at LA City Hall.

view newscast page
play newscast audioPlay

"Squad" member Summer Lee wins her primary with a pro-peace platform, Biden signs huge foreign aid bills including support for Ukraine and Israel, and the Arizona House repeals an abortion ban as California moves to welcome Arizona doctors.

view newscast page
play newscast audioPlay

The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken, and a new federal rule aims to put the "public" back in public lands.

8 in 10 Say Prescription Drug Prices "Unreasonable"

play audio
Play

Monday, April 11, 2022   

Most adults in new polling said prescription drug costs are unreasonable, with nearly one in three not taking medications as prescribed at some point.

According to the Kaiser Family Foundation, those patients either skipped a dose, cut pills in half or took an over-the-counter drug instead. Affordability especially is a problem for people taking four or more prescriptions, those with chronic conditions and households with incomes less than $40,000 a year.

Antonio Ciaccia, CEO of Ohio-based 46brooklyn Research and president of 3 Axis Advisors, formerly of the Ohio Pharmacists Association, said each year, consumers are paying more and more for prescriptions.

"Brand-name drugs are increasing their list prices to the tune of around 4% to 5% on average," Ciaccia reported. "And on top of that, you have new drugs that are entering the marketplace that are more expensive than the ones that just existed the year before."

AARP data found the yearly cost of prescription-drug treatment increased 26% in Ohio between 2015 and 2019, while incomes only rose 14%.

While each player in the prescription-drug marketplace influences prices, Ciaccia pointed to pharmacy benefits managers (PBMs), the middlemen who decide which drugs will be covered and at what cost to the patient.

He explained instead of drugmakers competing to lower prices, they provide rebates and discounts to the benefits managers in exchange for covering their products.

"Drugmakers are being shaken down for bigger and bigger discounts," Ciaccia asserted. "And to accommodate for those discounts, they raise the prices. And so the PBM that is supposed to be working on our behalf can get kickbacks, and that dynamic is creating an artificial inflation in prices."

Ohio took steps to reform PBMs after a 2018 investigation revealed two PBMs working on behalf of Medicaid-managed care plans billed the state for almost a quarter-billion dollars more than they had paid out to pharmacies for medications.

Ciaccia called for better accountability and transparency.

"We only uncovered this $244 million dumpster fire in Ohio because of what little transparency we had," Ciaccia contended. "And more public access to granular levels of drug price data can help us better diagnose dysfunction at the pharmacy counter."

The Pharmaceutical Care Management Association insists PBMs help reduce the cost of insurance premiums for consumers. Meanwhile, the Federal Trade Commission is investigating the impact of PBM practices and seeking public comment.

Reporting by Ohio News Connection in association with Media in the Public Interest and funded in part by the George Gund Foundation.


get more stories like this via email
more stories
Rep. Crystal Quade, D-Springfield, the House Democratic floor leader, called Missouri politicians "extremist" on social media after they passed the most restrictive abortion ban in the country and defunded Planned Parenthood. (Fitz/Adobe Stock)

Health and Wellness

play sound

The Missouri Legislature has approved a law to stop its Medicaid program known as MO HealthNet from paying Planned Parenthood for medical services for…


Environment

play sound

A round of public testimony wrapped up this week as part of renewed efforts by a company seeking permit approval in North Dakota for an underground pi…

Social Issues

play sound

Air travelers could face fewer obstacles in securing a refund if their flight is canceled or changed under new federal rules announced Wednesday…


The Iowa Movement for Migrant Justice calls Senate File 2340 a "ridiculous stunt," passed in an election year "to mobilize voters using fear and anti-immigrant sentiment." (Adobe Stock)

Social Issues

play sound

Advocates for immigrants are pushing back on a bill signed by Iowa Gov. Kim Reynolds in the last few days of the legislative session, modeled on a …

Environment

play sound

An environmental group is suing the U.S. Fish and Wildlife Service to protect the Arkansas mudalia snail under the Endangered Species Act. In …

Currently, more than 2.7 million Californians live within 3,200 feet of an operational oil well. (MSPhotographic/Adobestock)

Environment

play sound

Leaders concerned about pollution and climate change are raising awareness about a ballot measure this fall on whether the state should mandate buffer…

play sound

A coalition of climate groups seeking cleaner air at the rail yards and ports of Los Angeles and Long Beach will hold a "die-in" rally tomorrow at Los…

Health and Wellness

play sound

By Marianne Dhenin for Yes! Magazine.Broadcast version by Shanteya Hudson for Georgia News Connection reporting for the YES! Media-Public News …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021