ACI Joins Coalition Letter in Support of Biosimilar Competition

Today, ACI joined over two dozen groups in sending a letter to Congress in support of legislation that would increase competition for biologic drugs as a means to lower drug prices for patients. On behalf of millions of patients, providers, and taxpayers, we strongly support promoting the use of affordable and safe biosimilars across the […]

Town Hall: Level the Playing Field for Drug Companies and Patients

According to the Centers for Medicare and Medicaid Services (CMS), prescription drug expenditure in the United States amounted to a total of $358.7 billion in 2020. It’s estimated that Americans pay around $1,200 each year for prescription medication, well above other comparable countries. One significant cause of high drug prices are the Pharmacy Benefit Managers (PBMs). To read this […]

Town Hall: H.R.3 Creates A False Choice Between Drug Supply and Price

In exchange for some short-term price reduction, H.R.3 threatens access to medicine, innovation, research, and drug shortages, which can negatively impact the U.S. healthcare system. Reforming Pharmacy Benefit Managers, for example, rather than establishing price controls or allowing medications to be imported from Canada, is essential for lowering drug prices in a system that currently lacks […]

Townhall: Price Controls Will Kill Pharmaceutical R&D

While imposing price controls on prescription medications may be well-intentioned, it should be clear to legislators that a move in that direction will only create a new set of intractable problems for American patients. Rather than being unable to afford medications, patients could be denied access to future drugs as well as those already on […]

House Bill Could Prevent Patients from Accessing Lifesaving Medications

In late April, Democratic representative Frank Pallone (D-NJ06) re-introduced the Lower Drug Costs Now Act (LDCNA) to the House of Representatives. If passed, the bill would lower prices for medications by placing price controls on prescription drugs sold in the United States. Americans spent an average of $1,200  for prescriptions in 2020, which the bill’s […]

ACI Sends a Letter to Senate and House Leadership: HR3 Will Create Drug Shortages

Dear Senate Majority Leader Schumer, House Speaker Pelosi, Senate Republican Leader McConnell, and House Republican Leader McCarthy: As you tackle prescription drug affordability, we urge Congress to remove any international reference pricing proposals out of drug pricing reform legislation. Failure to do so will have the opposite effect of rising healthcare costs for Americans and […]

Want Lower Drug Costs? Increase Generic Competition

The list price of prescription drugs has already risen this year an average of 4.5%, with most of the increases coming from drugs that do not have a generic alternative. These price increases impose a greater burden on the 25% of Americans who already struggle to afford their medicines. The Kaiser Family Foundation found in […]

Inside Sources: Biden Administration Should Continue Closing PBM Loopholes

Now that the new administration has taken over, a lot of attention surrounds what President Biden plans for the future of health care in America. One especially important issue to consumers is that of prescription drug prices, and what the new President can do to bring them down… To continue reading, visit Inside Sources.

Coalition Opposes Expansion of CMS Regulations

Today, a group of 28 organizations, including ACI, sent a letter to the administrator of the Centers for Medicare and Medicaid Services (CMS) in opposition to proposed regulations that would demand additional rebates from drug prices, including drugs that may have applications for patients during the current COVID crisis. The letter explains the many unintended […]

Patriot News: Drug Affordability Boards Will Backfire, Harm Consumers

The coronavirus outbreak has become a worldwide emergency, and has led to serious concerns about medical shortages, including the availability of prescription drugs. While some states, including Pennsylvania, are trying to cap the price of prescription drugs, sometimes by creating so-called “affordability boards,” their policies will only lead to greater shortages and threaten public health. […]