prescription drug prices
Coverage of prescription drug prices in the Nexus archive.
- States seek to lower drug prices by targeting the companies that manage them for health plans
States are implementing laws to reduce drug prices by regulating pharmacy benefit managers (PBMs) like CVS, which oversee prescription coverage for insurers. Tennessee's law, set to take effect in 2028, prohibits PBMs from operating retail pharmacies, prompting a lawsuit from CVS. Over 60% of U.S. adults express concern about affording prescriptions, with states passing measures to limit PBM compensation and increase transparency.
- Three GOP senators back Sanders amendment to slash drug prices
Three Republican senators, including Susan Collins and Dan Sullivan, supported a Bernie Sanders amendment to cap prescription drug prices in the U.S. at levels seen in Europe and Canada. The amendment aims to reduce medication costs for Americans by aligning them with international pricing.