Dem senators ask drug companies to list prices in ads

Dem senators ask drug companies to list prices in ads
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A group of mostly Democratic senators is urging eight major drug companies to include the price of their drugs in advertisements, a measure that President TrumpDonald John TrumpTrump says inviting Russia to G7 'a question of common sense' Pentagon chief does not support invoking Insurrection Act Dershowitz: Does President Trump have power to declare martial law? MORE endorsed last week in his drug-pricing blueprint.

“We are pleased that the President recently acknowledged the importance of requiring price disclosure on direct-to-consumer ads—it is our hope that he will actually follow through,” Sens. Dick DurbinRichard (Dick) Joseph DurbinRosenstein steps back into GOP crosshairs Frustration builds in key committee ahead of Graham subpoena vote  Senate Democrat introduces bill to protect food supply MORE (D-Ill.), Kirsten GillibrandKirsten GillibrandSenate Dems press DOJ over coronavirus safety precautions in juvenile detention centers Senate Democrat introduces bill to protect food supply It's as if a Trump operative infiltrated the Democratic primary process MORE (D-N.Y.), Maggie HassanMargaret (Maggie) HassanSenators ask DeVos to adjust FAFSA form due to the coronavirus pandemic The Hill's 12:30 Report: Trump spotted wearing a face mask Sen. Shaheen tells Biden campaign she does not want to be vetted for VP MORE (D-N.H.), Sherrod BrownSherrod Campbell BrownHillicon Valley: Twitter flags Trump tweet for 'glorifying violence' | Cruz calls for criminal investigation into Twitter over alleged sanctions violations | Senators urge FTC to investigate TikTok child privacy issues Democratic senators urge regulators to investigate Instacart over 'tip baiting' Senate Dems press DOJ over coronavirus safety precautions in juvenile detention centers MORE (D-Ohio) and Angus KingAngus KingDeadline for Kansas Senate race passes without Pompeo filing Memorial Day weekend deals latest economic blow to travel industry Bipartisan senators introduce bill to make changes to the Paycheck Protection Program MORE (I-Maine) wrote to the drug companies.

“As an honest first step to the American public, we urge you to immediately and voluntarily commit to transparency and disclose the price of your prescription drugs in direct-to-consumer advertisements,” the letter sent Friday states.

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The letter was sent to major pharmaceutical companies such as Eli Lilly, Novartis and Pfizer. 

Trump released a plan last week directing the Food and Drug Administration to study the possibility of including the list prices of drugs in direct-to-consumer advertising. The measure was part of Trump's blueprint aimed at lowering prescription drug costs.

Durbin introduced a bill last year that would require a similar disclosure of drug prices.

While pharmaceutical companies have to include warnings and side effects for drugs in television advertisements, they currently do not have to include prices.

Some have voiced concerns that including the list price of drugs could confuse consumers or deter them from purchasing the product, since the price at a pharmacy is often much lower if the individual has health insurance.

At an event with reporters Tuesday, Lori Reilly, an executive vice president of the Pharmaceutical Research and Manufacturers of America (PhRMA), discussed the issue of forcing companies to include the price of drugs in ads, arguing "it’s an open question about whether or not it’s constitutional.”

This post was updated at 4 p.m.