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Jeffries Says GOP Healthcare Crisis Is Devastating
Bloomberg Television· 2025-10-01 19:12
Democrats have repeatedly made clear. We are ready to sit down with anyone at any time and at any place in order now to reopen the government to enact a spending agreement that meets the needs of the American people. And to address the devastating Republican health care crisis.That has caused extraordinary harm on people all across the country. In rural America, working class America, urban America, small town America, the heartland of America and black and brown communities throughout America. The Republic ...
Steve Rattner: GOP doesn't talk about repealing Obamacare, but that is what they are doing
MSNBC· 2025-10-01 16:27
GOP is repeating what the New York Times calls a new and misleading talking point that Democrats are shutting down the government to fund free health care for unauthorized immigrants. The false assertion, false, has been repeated by Vice President J. D.Vance and Speaker Mike Johnson along with the president himself. Here's what is important to note. Undocumented immigrants have long been prohibited from taxpayer funded Medicaid coverage except for treatment in emergency medical situations.They also do not q ...
Pres. Trump's deal with Pfizer is pretty devastating to PBMs and insurance companies: John Lamattina
CNBC Television· 2025-10-01 11:34
Market Dynamics & Drug Pricing - President Trump announced a deal with Pfizer to sell medication directly to consumers through Trump RX, contingent on US manufacturing investment [1] - Drug company stocks experienced an increase following the announcement [3] - The initiative aims to address concerns about drug pricing, building upon the Inflation Reduction Act's price controls in Medicare and Medicaid [4] - Pfizer emphasized the voluntary nature of its participation in Trump RX [4] - Drug companies typically receive less than 50% of the list price due to pharmacy benefits managers (PBMs) and other intermediaries [6] - Pharmaceutical Research and Manufacturing Association is launching America's Medicines com to allow direct access to drug pricing [6][7] - Concerns exist that drug companies might raise prices in Europe to match lowered US prices [10] - Bristol Myers Squibb will sell its new anti-psychotic drug in Europe at the same price as in the US [11] Impact on Stakeholders - Direct drug sales could be devastating to PBMs and insurance companies [9] - Reduced income for drug companies could negatively impact R&D, as 25% of drug sales go into R&D [12] - A hypothetical $100 billion reduction in industry income could result in $25 billion less for R&D, equivalent to 60% of the NIH's R&D budget [13] Lucarin & Drug Shortages - The FDA's announcement regarding Lucarin for autism led to a surge in demand and subsequent shortages [15][16] - Lucarin, a generic drug used to mitigate toxicities from methotrexate in cancer and rheumatoid arthritis patients, is now difficult to obtain [16][17] - The increased demand for Lucarin, driven by the White House announcement, has strained existing supplies [19] - Manufacturers are expected to increase production of Lucarin to address the shortage, but the timeline remains uncertain [20][21]
1.3 million people won't get paid if government shuts down, says PIMCO's Libby Cantrill
CNBC Television· 2025-09-30 18:58
Because when you hear shutdown, it's easy to assume that everything I mean the entire store is closed. Not the case. Let's welcome in Pimco's head of public policy, Libby Cantrill.Uh Libby, welcome. Um lot of 750,000 people, huge potential impact. But I do want to remind our audience that I think this is critical because a lot of people are scared.People get social security, they they use Medicare for healthcare. They're scared. Let's be very clear.During a quote shutdown, people still get social security. ...
Pfizer to invest $70B in US manufacturing facilities, CEO says.
Yahoo Finance· 2025-09-30 17:50
Today, Fiser is committing to offer all of their prescription medications to Medicaid, and it will be at the most favored nation's prices. It's going to have a huge impact on bringing Medicaid costs down uh like nothing else. In addition, Fiser is agreeing to provide some of their most popular current medications to all consumers at heavily discounted prices of anywhere between 50 and even 100%.That's off the price and in some cases even more than that. These drugs will be available for direct purchase onli ...
Trump announces agreement with Pfizer to lower Medicaid drug prices
CNBC Television· 2025-09-30 17:30
Today, Fiser is committing to offer all of their prescription medications to Medicaid, and it will be at the most favored nation's prices. It's going to have a huge impact on bringing Medicaid costs down. This is a critical step forward to our work and to improve healthcare and hardworking lowincome Americans, especially low-income Americans, will be helped so greatly.In addition, Fiser is agreeing to provide some of their most popular current medications to all consumers at heavily discounted prices of any ...
Trump: Pfizer agreed to heavily discount prices for some current drugs
CNBC Television· 2025-09-30 16:46
President Donald Trump speaks from the Oval Office to announce that Pfizer has agreed to take measures to lower U.S. drug prices, including selling its existing drugs to Medicaid patients at the lowest price offered in other developed nations. ...
Health care premiums ‘going to double or triple’ unless Congress acts: Dem Rep.
MSNBC· 2025-09-30 16:26
Healthcare Policy & Debate - The debate centers around a "clean" continuing resolution versus Republican policy agenda priorities, particularly concerning healthcare [1][2] - Democrats argue Republican healthcare policies, including HR1, will cause healthcare premiums to double or triple, impacting American people [3][4][11] - Republicans accuse Democrats of wanting to fund free healthcare for undocumented immigrants, a claim Democrats refute as dishonest [8][9] - The core issue is healthcare affordability and access for regular people, especially regarding Medicaid funding and ACA tax credits [10][14] Political & Governmental Operations - A potential government shutdown could negatively impact constituents, including approximately 40,000 federal employees representing 11% of a district [4] - The Trump administration is accused of firing federal government employees, impacting critical government services like clinical trials and vaccine development [5][6] - There's a lack of trust in Donald Trump among some constituents due to perceived actions over the past nine months [7] Social & Ethical Concerns - Republicans are accused of prioritizing tax cuts for wealthy individuals ("billionaire friends") at the expense of Medicaid funding for the needy [9] - Concerns are raised about potential discriminatory targeting of undocumented immigrants and transgender individuals in policy debates [10] - The release of the Epstein files is mentioned, but healthcare for the American people is prioritized [12][13][14]
Trump, Pfizer to announce agreement to lower Medicaid drug prices
CNBC Television· 2025-09-30 15:45
Well, we are expecting the president to announce a drug pricing deal with Fizer any minute now. That's according to two people familiar with those plans. Now, we're looking for three things in particular, and that's according to one person familiar with what we're expecting. So, first, we're expecting that Fiser will agree to lower prices in Medicaid.We're also expecting a three-year exemption from tariffs on the condition that Fizer builds more in the US. And the third thing is that Fizer will agree to sel ...
President Trump to announce drug-pricing deal with Pfizer
CNBC Television· 2025-09-30 15:05
may have noticed uh some of the pharmaceutical names have moved up sharply in the last few minutes. We've got some breaking news out of Washington on drug pricing. Aean Jabers has the details perhaps filling us in on why we've seen this move.Aean. Yeah, David. It is pharmaceutical related.Uh and we don't have all the details right now. We're trying to solve a mystery in real time here, which is that the president has an event on his calendar at 11:00 a. m.just scheduled as an announcement. Uh and the questi ...