J&J Becomes First Drugmaker To Add Prices To Television Ads

www.oann.com | 1/24/2017 | Staff
catcrazy24 (Posted by) Level 4
CHICAGO (Reuters) – Johnson & Johnson said on Thursday it will start adding the price of its medicines to television commercials by next month, becoming the first drugmaker to heed a call by U.S. President Donald Trump for price transparency of drugs advertised directly to consumers on TV.

The healthcare conglomerate said it will include both the list price of a product – the price before any rebates or discounts to insurers or pharmacy benefit managers – as well as potential out-of-pocket costs that patients will pay.

Move - Statement - J - J - Website

The move, announced in a statement on J&J’s website, won swift praise from U.S. Health and Human Services Secretary Alex Azar. Last May, Azar’s office released a blueprint for reducing the cost of drug prices, which included a proposal to require disclosure of list prices in TV ads for drugs.

“We commend Johnson & Johnson for recognizing the value of informing consumers about list prices and for doing...
(Excerpt) Read more at: www.oann.com
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