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Germer International is a specialized govt search agency relentless in the pursuit of connecting the precise professionals with our clients within the Pharmaceutical and Biotech industries. As we look forward to the U.S. Senate to take up the Decrease Drug Costs Now Act, action can also be needed on the state degree. In 2019, state Sen. Matt Lesser and Rep. Sean Scanlon emerged as leading voices to lower prescription drug prices, and we look ahead to their continued leadership on this situation in 2020. AARP CT has joined Lesser, Scanlon and dozens of other supportive legislators across the state in recent months for community conversations about high drug costs. These conversations have made clear that decreasing drug costs is an pressing and bipartisan challenge, and AARP expects legislators to do the right factor and move substantive prescription drug costs discount legislation within the coming months.
Prescription drug spending within the United States continues to develop, totaling $477 billion in 2016. Spending by Medicaid, which is jointly funded by states and the federal authorities, surpassed $31 billion that yr. These rising costs have strained state budgets, leading policymakers to look for strategies—within Medicaid and beyond—to higher manage spending while ensuring a patient's access to wanted medications. Below are some noteworthy insurance policies advanced in 2017.
A associated strategy is reimportation,” or having U.S. wholesalers and pharmacies import and sell branded drugs that had been produced within the United States however offered in different international locations the place prices are decrease, so long as the FDA has accredited a model of the identical drug for domestic use. 7 Essentially, the objective of reimportation is to negate drug manufacturers' differential pricing throughout nations—and, specifically, the pattern of charging extra in the United States than in other nations for a similar drug ( Outterson 2005 ). Such packages might in precept also be established by state or native governments.
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