UPDATED 3:20 PM PT – Sat. February 2, 2019
Health and Human Services Secretary Alex Azar takes to social media to tout President Trump’s new drug pricing proposal.
In a video posted to Twitter Saturday Azar said the proposal has the potential to be the “most significant change in how drugs are priced at the pharmacy counter ever”.
The proposal calls for banning drug makers from providing rebates to pharmacy benefit managers in Medicare and Medicaid managed care plans.
Azar referred to these managers as middle-men who get a kickback from the drug companies when patients buy their medications
“How can anyone possibly defend this catastrophically broken status quo that rewards higher prices, conceals kickbacks to middlemen and denies seniors tens of billions of dollars in savings at the pharmacy counter?” said Azar.
According to Azar, if a patient pays $300 for medications the “kickback” could be anywhere between $60 to $100.
.@POTUS's proposal has the potential to usher in the most significant change in how your drugs are priced at the pharmacy, ever. It replaces a system of backdoor deals that drive up your drug prices with a system of discounts given directly to Americans at the pharmacy counter. pic.twitter.com/akin7uDvyB
— Secretary Alex Azar (@SecAzar) February 2, 2019