Health and budget officials in the administration will meet Friday in a private session run by Office of Management and Budget Director Mick Mulvaney to discuss policies to lower drug prices. One policy being considered for the executive order is a focus on value-based care agreements, where pharmaceutical companies and health insurers construct arrangements to pay for products based on their efficacy, according to the report.
Earlier this week, HHS Secretary Tom Price disclosed that President Trump sought suggestions for lowering drug prices from leading health agencies, Bloomberg Politics reported.
Mr. Price, CMS Administrator Seema Verma, FDA Commissioner Scott Gottlieb and Treasury Secretary Steve Mnuchin are expected to attend the meeting.
President Trump has openly criticized pharmaceutical companies in the past, saying they are “getting away with murder” revealing his opinion that regulatory changes are necessary.
More articles on supply chain:
Medical Design Excellence Awards names top medical devices of 2017
More than 48k bottles of Bristol-Myers’ blood thinner recalled over dosing error
Takeda Pharma taps AI platform for drug development
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
