CEO DATELINE - Association sues to prevent listing of drug prices in ads
CEO DATELINE - Association sues to prevent listing of drug prices in ads
- June 17, 2019 |
- Walt Williams
Consider joining CEO Update. Membership gives full access to the latest intelligence on association management, career advancement, compensation trends and networking events, as well as hundreds of listings for senior-level association jobs.
The Association of National Advertisers has joined three pharmaceutical companies in suing the federal government to block a new rule requiring drug makers to disclose the list prices of their products in ads to consumers, CNBC reported Friday.
The regulation by the U.S. Department of Health and Human Services, which was finalized in May, required drug makers to disclose prices in drug ads targeted at consumers. The requirement is part of the Trump administration's efforts to reduce drug prices.
In the lawsuit, ANA and the drug companies say the prices that appear in the ads do not reflect what consumers actually pay because they fail to take into account rebates and discounts offered by drug makers, according to CNBC.
"Not only does the rule raise serious freedom of speech concerns, it mandates an approach that fails to account for differences among insurance, treatments and patients themselves, by requiring disclosure of list price," one of the plaintiffs, the drug maker Amgen, said in a statement.
In addition to ANA and Amgen, the other plaintiffs are Merck and Eli Lilly. https://cnb.cx/2ImfkEE
MORE CEO DATELINE
- Vermont to shut down association health plans in 2020
- NMPA board now includes songwriters
- Diversified Search acquires Koya Leadership Partners
- U.S. Chamber boots consultant following media leak
- Medical association adopts policies on transgender violence, vaccinations