CT's Gov. Lamont seeks to cap prescription drug prices, drawing fire from an industry split between

[George II]

Source: Hartford Courant

Full Headline: CT’s Gov. Lamont seeks to cap prescription drug prices, drawing fire from an industry split between pharmaceuticals and insurers

HARTFORD — Gov. Ned Lamont is proposing to cap drug prices, drawing criticism from an industry divided between pharmaceutical companies and insurers.

In the annual debate in the General Assembly over health care policy, Lamont proposes to set a maximum price on drugs and seek imports from Canada as part of a health care package. Connecticut’s largest business group is opposed, pointing to the success of drug companies to rapidly bring to market COVID-19 vaccines.

The pharmaceutical industry said insurance companies must do more to reduce drug costs.

“It’s really important to note that this proposal does not address the root cause of patients’ biggest concern — rising out-of-pocket costs,” said Jasmine Gossett, director of public affairs at biopharmaceutical policy group PhRMA.

Read more: https://www.courant.com/business/hc-biz-lamont-health-care-20220214-u46gklu3y5chpeqzvbvi3xrpdu-story.html

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THIS is how to do it!

[ck4829]

1. K&R

[Backseat Driver]

2. Unless pharmacies and mail recipients in CT suddenly don't receive their US deliveries

of commonly prescribed medications???

Heck, I renewed my drivers license mid-January and still waiting for that Real ID to show up in my mailbox in its plain white envelope...

[apnu]

3. Think how bonkers this is.

Gov. Lamont believes its cheaper to buy drugs from Canada, who already imported them (and taxed) then exports them back to the US (taxes again). And this is cheaper than purchase in the US.

[DownriverDem]

4. It would help

a friend of mine on Eliquis. It is very expensive even though she has prescription coverage under Medicare. There is no generic either.

[madville]

5. Unless they just decline to sell that drug

At the proposed capped price in that particular state.