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AMA goes after Big Pharma

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The American Medical Association went after Big Pharma at its annual meeting in Chicago:

It urged the federal government to:

  • Let Medicare and Medicaid negotiate prices with drug companies
  • Compel companies  to disclose retail prices in consumer drug ads.
  • Require drug makers to explain why they are increasing the price of any drug by 10 percent or more “each year or per course of treatment,” and making them tell the public before price increases.
  • Allow  the Feds “to take legal action to address price gouging by pharmaceutical manufacturers and increase access to affordable drugs”
  • Speed “review of generic drug applications and prioritize review of such applications when there is a drug shortage, no available comparable generic drug, or a {nongeneric-drug} price increase of 10 percent or more.”

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