New Jersey Technology & Manufacturing Association

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News

New Policy Proposal
During President Trump\\\\\\\'s speech, the Department of Health and Human Services released what it called a blueprint titled \\\\\\\"American Patients First\\\\\\\" with details of the plan. \\\\\\\"American Patients First\\\\\\\" proposes:
• A potential requirement for drug makers to disclose the cost of their medicine in television advertisements
• Banning a pharmacist \\\\\\\"gag rule,\\\\\\\" which prevents druggists from telling customers when they can save money by paying cash instead of using their insurance
• Reconsider how Medicare pays for some high-priced drugs administered at a doctors\\\\\\\' offices
• Speeding up the approval process for over-the-counter medications so people can buy more drugs without prescriptions
Some parts of the plan were previously proposed in the President\\\\\\\'s budget proposal sent to Congress, including providing free generic drugs to low-income seniors and sharing rebates from drug makers with Medicare patients.

The United States spent $1,162 per person on prescription drugs in 2015, according to the Organization for Economic Cooperation and Development.