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Gus Bilirakis: Lower drug costs through competition and innovation

in 2017/Top Headlines by

In Florida and across the country, Americans continue to feel the pressure of rising prescription drug costs. Too often, bad actors in the marketplace take advantage of monopolies, skyrocketing the price of lifesaving medication simply because there is little to no competition. We need to take thoughtful action, and avoid knee-jerk responses, to solve this issue affecting so many millions. Leveraging the power of the free market and incentivizing competition among drugmakers will drive costs down — not government mandates.…

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Kathy Castor signs on to bipartisan legislation calling for drug price transparency

in The Bay and the 'Burg/Top Headlines by

Tampa Bay-area Congresswoman Kathy Castor is the latest Democrat to sign on to bipartisan legislation that addresses skyrocketing prescription drug price increases. On Tuesday, the Tampa Representative announced she was co-sponsoring the FAIR Drug Pricing Act, would require manufacturers who increase the price of a drug by more than ten percent a year to disclose the information behind that decision to taxpayers, including their spending on research and development, as well as advertising and marketing. “We must work to ensure that lifesaving treatments are never out…

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Martin Dyckman: EpiPen debacle demonstrates need for price controls

in Apolitical by

“Your money or your life,” a laugh line for the great comedian Jack Benny, must be the business model of the American pharmaceutical industry. It’s time for a serious national discussion on establishing price controls over Big Pharma. The latest provocation is the staggering increase in the price of the EpiPen, a necessity for people with life-threatening food and bee-sting allergies. The two-dose pack that cost about $100 in 2007 is priced at around $600 now. A different company sells…

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