Los Angeles Times

Consumer Confidential: Drugmakers need to take a chill pill over new price-disclosure requirement

The rigged nature of the U.S. healthcare system was highlighted this week as the drug industry challenged even a half-hearted attempt to shine a little sunlight on pricing.

The Department of Health and Human Services finalized a rule Wednesday that would require drugmakers to disclose a drug's cost in TV ads if its price before rebates and discounts is above $35 for a month's supply. The rule will go into effect 60 days after it's published, which is expected Friday.

"Patients who are struggling with high drug costs are in that position because of the high

You’re reading a preview, subscribe to read more.

More from Los Angeles Times

Los Angeles Times6 min read
California In A Jam After Borrowing Billions To Pay Unemployment Benefits
California's massive budget deficit, coupled with the state's relatively high level of joblessness, has become a major barrier to reducing the billions of dollars of debt it has incurred to pay unemployment benefits. The surge in unemployment brought
Los Angeles Times8 min read
Free Speech, Campus Safety Collide In USC's Cancellation Of Valedictorian Speech
LOS ANGELES — Five months ago, USC cited safety as a rationale for banning economics professor John Strauss, who is Jewish, from campus after student activists said they felt threatened when he approached them at a protest and said "Hamas are murdere
Los Angeles Times4 min readAmerican Government
Commentary: Don’t Want Biden Or Trump To Have So Much Power? Maybe The US Needs A Poly-presidency
At the Constitutional Convention in 1787, Pennsylvania delegate James Wilson brought up a seemingly un-American idea. He said the executive branch of America’s government should be headed by a single person: a president. Several constitutional delega

Related Books & Audiobooks