skip to main content
skip to newscasts

Thursday, September 26, 2024

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

Hurricane Helene charges toward Florida's Gulf Coast, expected to strike late today as a dangerous storm; Millions of Illinois' convenient voting method gains popularity; House task force holds first hearing today to investigate near assassination of Donald Trump in Pennsylvania; New report finds Muslim students in New York face high levels of discrimination in school.

view newscast page
play newscast audioPlay

Biden says all-out-war is threatening in the Middle East, as tensions rise. Congress averts a government shutdown, sending stopgap funding to the president's desk and an election expert calls Georgia's latest election rule a really bad idea.

view newscast page
play newscast audioPlay

The presidential election is imminent and young rural voters say they still feel ignored, it's leaf peeping season in New England but some fear climate change could mute fall colors, and Minnesota's mental health advocates want more options for troubled youth.

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
A new report from the Council on American Islamic Relations-New York showed 43% of students who were bullied for being Muslim said they never asked for help. (Adobe Stock)

Social Issues

play sound

A new report found Muslim students in New York City public schools face high levels of discrimination in school. The report from the Council on …


Social Issues

play sound

With the election six weeks away, concern is building about attempts to intimidate voters at the polls - so, lawmakers are taking action at the state …

Health and Wellness

play sound

While overdose deaths in the Commonwealth have declined, deaths among Black Kentuckians have increased by 5%, according to data from the latest …


Environment

play sound

A North Dakota task force meets again next month as it considers updating the scope of local zoning laws dealing with factory farms. It is an issue …

Labor policy analysts said the pandemic brought workers' rights back into the forefront, with employees in a variety of sectors expressing a desire for their well-being to be taken more seriously by their employers. (Adobe Stock)

Social Issues

play sound

Through this Saturday, Minnesota is recognizing Workplace Rights Week. From COVID precautions to emerging technology, labor voices said there is key …

Social Issues

play sound

The election is less than six weeks away and Washingtonians will be deciding on a slate of initiatives, including one measure affecting funding in …

Environment

play sound

A Montana conservation group is holding a photo contest, with a focus on dogs and social media to promote the state's vast trove of public lands…

 

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