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Drug lobbyists shift blame for high prices

Drugmakers said in prepared remarks that insurers, pharmacy-benefit managers and hospitals, among others, keep a large chunk of the money Americans spend on medicine and dont pass on savings to patients.

By Anna Edney | Updated on October 17, 2017
At a recent Senate hearing, members of the drug supply chain say that the measures used to assess them are incorrect, and that they only get a portion of the profit their critics say they do. (Photo: Shutterstock)

A day after President Donald Trump renewed his attack on high drug prices, officials from the drug industry’s top lobbying groups sat down at a black cloth-draped table in a Senate hearing room and told lawmakers who’s to blame: the person a few seats over.

Drugmakers said in prepared remarks that insurers, pharmacy-benefit managers and hospitals, among others, keep a large chunk of the money Americans spend on medicine and don’t pass on savings to patients. 

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