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More than half of Americans say they have a hard time affording their prescription drugs. Luckily for them, the Trump administration recently proposed a rule to criminalize the shady business practices that keep drug prices high for patients at the pharmacy counter. Lawmakers should support the proposal full stop. The president’s reform takes aim at middlemen in the drug supply chain known as “pharmacy benefit managers” or PBMs. Insurers hire PBMs to negotiate with drug manufacturers and help decide which drugs insur...
Imagine you’re diagnosed with a rare cancer. There are no FDA-approved treatments. But after frantically searching the internet, you discover hopeful news — a pharmaceutical company is developing a possible cure. Unfortunately, the drug is in the early stages of development. It’s not FDA approved — at least not yet. There’s no guarantee the medicine will work. There might even be serious, unknown side effects. But, of course, you’re eager to try it — the alternative is certain death. The good news is that under current law,...
