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They are group purchasing organizations, which broker drug purchases for hospitals and other health-care providers, and drug wholesalers, which buy medicines from manufacturers and distribute them to providers. But the Biden administration is zeroing in on other players in the drug supply chain to uncover the "root causes and potential solutions" to ongoing shortages. The Federal Trade Commission on Wednesday said it is examining the role that drug wholesalers and companies that purchase medicines for U.S. health-care providers play in shortages of generic drugs, which account for the majority of Americans' prescriptions. Group purchasing organizations and wholesalers have gotten limited attention on Capitol Hill, even as reining in high drug costs has become a key priority among lawmakers in both chambers. PBMs contend that manufacturers are responsible for high drug prices, while drugmakers say rebates and fees collected by those middlemen force them to increase list prices for products.
Persons: Biden, Doug Farrar, Cencora Organizations: FTC, Department of Health, Human Services, Federal Trade Commission, Public Affairs, CNBC, HHS, Cardinal Health, Group, Capitol, CNBC PRO Locations: U.S
It was also unclear how deeply the destruction would exacerbate existing national drug shortages, which have reached a 10-year high in recent months. Hospitals are on high alert because low-cost generic products manufactured at the site, such as the sedative propofol, are already among the most shortage-prone on the market. The tornado ripped through a 16-mile strip of the Rocky Mount area, about 50 miles east of Raleigh, at about 12:30 p.m. on Wednesday. She said Pfizer and the Food and Drug Administration had teams on-site to assess the damage. It also makes vancomycin, an antibiotic administered to fight severe infections, and muscle blockers including succinylcholine, also used in surgery.
Persons: I’m, , Michael Ganio, Mittal Sutaria, Sutaria, Vizient Organizations: American Society of Health, Pharmacists, National Weather Service, Pfizer, Food and Drug Administration Locations: Rocky, Raleigh, Vizient
A powerful group of business organizations has pushed for the liability shields and donated generously to McConnell and other Republicans. Photo by Alex Wong/Getty ImagesThe Chamber of Commerce's big giveThe Chamber of Commerce has been among the most vocal proponents of liability protections. Overall, however, Walmart's workers and PAC gave about evenly to Democrats as to Republicans this election. Its PAC gave $9,000 to McConnell's campaign and gave $3,000 to Cornyn. During the past three decades, McConnell has received robust support from some of the industries lobbying hard for liability protections.
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