Norcross, who hosted an earlier roundtable on the issue of drug prices in April, has stressed there is no single “silver bullet” solution. Rather he believes the problem can only be addressed with multiple actions, such as giving the government the ability to negotiate down the price of prescription drugs, increasing transparency surrounding the pricing and rebates offered to pharmacy benefit managers, and making it easier for brand drugs to be reproduced as generics.
“Russia has better pricing than we do in the United States. That’s a problem. But it’s a problem that can be fixed,” Norcross said.