D.C. lawmakers probe rising generic prescription-drug prices

On the heels of the introduction in Congress of legislation aimed at controlling rising prescription drug prices, federal prosecutors have launched an investigation into generic price increases of pharmaceuticals. Despite this, Cardinal Health Chief Financial Officer Michael Kaufmann told financial analysts in New York that generic price inflation would continue, even as the rate of increase has eased in recent months. Read More »

Center for American Progress offers plan to improve Medicare

The Center for American Progress has put forward a proposal to make changes within Medicare aimed at helping users, including instituting consumer-friendly ratings of the benefits new drugs may have, limiting what patients must pay for new drugs and requiring pharmaceutical companies to disclose how much is actually spent on researching and bringing new drugs to market, the Associated Press said. Read More »