Senate to hold drug pricing hearing after 3-month delay

The Senate Health, Education, Labor and Pension Committee will hold a hearing on the high cost of prescription drugs Oct. 17, the second installment of a three-part series that began in June, according to The Hill.

The hearing was originally scheduled for July, but Sen. Lamar Alexander, R-Tenn., chairman of the committee, delayed it when he became frustrated by Democratic senators using the June hearing to discuss the GOP's ACA repeal efforts.

For the latest panel, Mr. Alexander has invited representatives from multiple pharmaceutical companies to discuss how drugs are manufactured and priced.

Mr. Alexander said he hopes the discussions cover everything from the "manufacturer's development of a drug, the different steps through which the drug travels before arriving in the patient's hands, how this is paid for and what the costs are at each of the different steps," according to The Hill.

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