Pharma to Push Obama Plan in $150M Ad Blitz

New rules aim to increase transparency

(NEWSER) - Studies have found that when doctors accept payments from drug companies, it can influence their treatment decisions—so the Obama administration will soon require drug companies to disclose those payments. The New York Times reports that around 25% of doctors receive cash from drug companies for consulting, speaking engagements, and more; in addition, almost two-thirds accept staff lunches or dinners out. The new requirements, part of the new health care law, will ensure that such payments and gifts, even small ones, are disclosed on a website; drug companies will be subject to fines for any omissions. More»

9% rise, in a year of falling prices, will add $10B to drug spending

(NEWSER) - Bracing for health care reform, drug companies have been raising prices at the fastest rate in almost 20 years—even as they pledge to support Washington's goal of cutting the nation's drug bill. The pharmaceutical industry is scrambling to get the price base as high as possible before legislation to curb drug spending kicks in, critics tell the New York Times . More»

(NEWSER) - The Obama administration is thwarting poor countries' access to affordable drugs in order to win Big Pharma's support for health care reform, according to Doctors Without Borders and other NGOs. As the Los Angeles Times reports, governments from Asia to Latin America are feeling pressure from Washington on their use of generics, even on treatments for HIV/AIDS. "It's appalling coming as it does from the Obama White House," says one activist. More»

Drug giants collect now against expected future losses

(NEWSER) - Drug companies have slapped a series of huge price hikes on some prescription drugs ahead of drug patent expirations, the Wall Street Journal reports. GlaxoSmithKline has raised the price of antidepressant Wellbutrin 44.5%, while Sanofi-Aventis hiked Ambien's price 70%. Wholesale prices for the top 50 drugs increased an average of nearly 8% last year. More»

President warns Supreme Court of 'judicial activism'

(NEWSER) - President Obama stood up for health care reform today and took a swipe at "unelected" Supreme Court justices who might rule against Obamacare, the Washington Post reports. “Ultimately, I am confident the Supreme Court will not take what would be an unprecedented, extraordinary step of overturning a law that was passed by a strong majority of a democratically elected Congress,” Obama said at the White House, during a joint press conference with Mexican President Felipe Calderon and Canadian Prime Minister Stephen Harper. More»