Tag Archives: pricing

It’s not just pricing and patenting. Now, AbbVie’s taxes are the target of congressional scrutiny

AbbVie has spent years responding to a congressional probe over its drug pricing and patenting strategies, with the findings just becoming public late last month. Now, in a newly unveiled probe, congressional Democrats are zeroing in on the company’s tax payments.  In a letter to CEO Richard Gonzalez dated Wednesday, Sen. Ron Wyden, D-Oregon, chairman of the Senate… Read More »

CMS cracks down on spread pricing by pharmacy benefit managers

The Centers for Medicare and Medicaid Services is taking aim at pharmacy benefit manager spread pricing practices that it says results in an upcharge to Medicaid and CHIP managed care plans and higher costs for states and taxpayers. Spread pricing occurs when health plans contract with a pharmacy benefit manager to manage their prescription drug… Read More »