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Pfizer Price Increases Underscore Rebate Problem, HHS’ Hargan Says

 
• By Cathy Kelly

The Trump Administration remains convinced that rebates lead to high list prices and that reform of the system is needed, US HHS Deputy Secretary Eric Hargan emphasizes.

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Pfizer Inc.’s recent disclosure that it would be raising list prices on some of its prescription drugs next year is a case in point on why the current system of rebates must change, HHS Deputy Secretary Eric Hargan pointed out during the FDA/CMS Summit in Washington D.C. Dec. 12.

Pfizer announced in November that it would increase prices on 41 drugs, representing 10% of its portfolio, in mid-January. Increases for most of those drugs would be about 5%. (Also...

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