GOP senators ask PhRMA for solutions to lower drug prices - (The Hill via NewsPoints Desk)

  • Republican lawmakers have asked the Pharmaceutical Research and Manufacturers of America (PhRMA) for "cooperation" in efforts to lower prescription drug prices, The Hill reported Friday.

  • "We write today to ask, as the trade association representing the pharmaceutical industry, what solutions does your association have that would increase transparency and directly lower the list price of drugs for consumers," the senators questioned, adding "what specific plans do you have to address price disparities in the international market?"

  • "Soaring drug prices are a serious problem and a problem Washington should have addressed long ago," the senators stated, continuing "we cannot understand why Americans pay two to six times more than the rest of the world for brand name prescription drugs or why the US comprised 42 percent of global pharmaceutical revenues based on 2016 data."

  • The news comes as Senators Rick Scott and Josh Hawley have proposed legislation that would bar drugmakers from charging higher prices in the US than they do in other countries.

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