What you need to know about Azar's drug price talk
The National Academy of Medicine is holding its big annual meeting this week — and all eyes are on HHS Secretary Alex Azar, who is delivering a talk on prescription drug prices this afternoon. Here's what you need to know:
- The details: Azar is slated to talk about efforts to bring down drug prices. On Friday, Politico reported that the Trump administration is moving forward with a plan to require pharmaceutical companies include the list price of their drugs in advertisements. It’s possible Azar will discuss that proposal today.
- The background: The administration has been hashing out the details of this idea since spring. But it’s still not clear how helpfulhaving list prices in ads will be to consumers, since many other factors impact the price a person pays for a drug.
- Also on the agenda: Academy members are also meeting for a slew of other talks centered around cancer, from treatment costs and shortcomings in prevention efforts to drug resistance.
Tune in to Azar’s speech live here at 4 p.m. ET.
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