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Mar 6, 2024
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senator cassidy? >> thank you all. mr. maybarduk , it's been made persuasively. clearly patents are part of the free-market system as though you intellectual property and you and sent creativity. whether it is being abuse is another issue. you think it is legislations sponsored by john cornyn to do away that. i think without intellectual property we would not have this innovation. why would you? what would you put the time into it? dr. lakdawalla makes a persuasive point that without the profit incentive, you will not get the innovation. are you disputing that? >> i am not. >> the degree of the profit- taking, if you will? i will point out the three examples you gave seem to be all medicare patients and there is legislation out there which will cap the out-of-pocket exposure to -- for medicare patients. i think it will be $2000 in june of 2025 and catastrophic portion is going away now. but, that said, somebody is paying. yes, insurance makes it more affordable. medicare is making it more affordable, but somebody is paying. in my state, i was told that pharmaceut
senator cassidy? >> thank you all. mr. maybarduk , it's been made persuasively. clearly patents are part of the free-market system as though you intellectual property and you and sent creativity. whether it is being abuse is another issue. you think it is legislations sponsored by john cornyn to do away that. i think without intellectual property we would not have this innovation. why would you? what would you put the time into it? dr. lakdawalla makes a persuasive point that without the...
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Mar 7, 2024
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i'll start on the left, mr. duato, going left-right. >> thank you, senator cassidy. we absolutely want to be part of the solution. we understand that co-pay obligation for use patients are burdensome and does create health inequities. what are we doing for that? we have a very extensive haitian assistance program that for commercial patients enables them to be able to pay low co-pays, $5-$15 per month. we supported more than 1 million patients in 2022 with our co-pay assistance programs. if the patient is under insured or not insured we provide free drug. we gave $3.9 billion in free drug in 2022. but i think we can do more and we can work together in order to lower out-of-pocket costs for patients, even in medicare as you mentioned. because that's a real need that we're committed, all our employees are committed in order to make sure that our medicines get to the patients that they deserve. >> mr. davis? >> senator, very much like j&j, we have tiered levels of patient assistance programs because we want to make sure the patient to meet our drugs can access them. if
i'll start on the left, mr. duato, going left-right. >> thank you, senator cassidy. we absolutely want to be part of the solution. we understand that co-pay obligation for use patients are burdensome and does create health inequities. what are we doing for that? we have a very extensive haitian assistance program that for commercial patients enables them to be able to pay low co-pays, $5-$15 per month. we supported more than 1 million patients in 2022 with our co-pay assistance programs....
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Mar 4, 2024
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chair brown: thank you senator cassidy. i can't improve the introduction offered by our friend. mr. hecht, welcome. mr. kaniewski is the managing director of marsh mclennan. he worked for fema during the trump administration. steve patterson, the mayor of athens, ohio, the largest city in appalachia. he serves as the second vice president of the national league of cities. i meet with him and other mayors frequently >>. first elected in 2015 after two terms as city council, he is a former associate professor at ohio university, former air force pilot serving as a major from the ash tittered to columbia air national guard. -- from the district of columbia air national guard. mr. hecht, you may begin. mr. hecht: thank you so much, chairman brown and ranking member scott and senator cassidy. i want to thank him for his leadership on this issue and many others. my name is michael hecht. i am president and ceo of greater new orleans inc. for the past decade we have let the coalition for sustainable flood insurance, and national alliance of approximately 250 organizations across 35 states.
chair brown: thank you senator cassidy. i can't improve the introduction offered by our friend. mr. hecht, welcome. mr. kaniewski is the managing director of marsh mclennan. he worked for fema during the trump administration. steve patterson, the mayor of athens, ohio, the largest city in appalachia. he serves as the second vice president of the national league of cities. i meet with him and other mayors frequently >>. first elected in 2015 after two terms as city council, he is a former...
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Mar 7, 2024
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mr. bernard, we want you to explain to the american people why bristol myers squibb charges patients in our country $700 a year for eloquence, when that same exact product can be purchased for just $900 in canada, $650 in france. mr. duato, , where going to ask you why johnson & johnson charges americans with arthritis $79,000 for stone barrel when that same example can be purchased for just 20,000 in canada and just 12,000 in france. mr. davis, please tell us later why merck charges americans with cancer $191,000 a year for keytruda in the same product can be purchased for 112,000 in canada and $91,000 in france. let's be clear, johnson & johnson, merck and bristol myers squibb are not just charging higher prices in the united states compared to other countries. they are also charging americans much higher prices today than they did in the past, even accounting for inflation. from 2004-282 the eighth the median price of new innovative drugs sold by these three copies was just $14,000. in
mr. bernard, we want you to explain to the american people why bristol myers squibb charges patients in our country $700 a year for eloquence, when that same exact product can be purchased for just $900 in canada, $650 in france. mr. duato, , where going to ask you why johnson & johnson charges americans with arthritis $79,000 for stone barrel when that same example can be purchased for just 20,000 in canada and just 12,000 in france. mr. davis, please tell us later why merck charges...
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Mar 20, 2024
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and just last month suing cassidy hutchinson for $10 million after she reported mr. bobulinski wearing a mask met with mark meadows, which ms. hutchinson has now backed up with actual documentary photographic evidence. something in very short supply in this investigation. mr. bobulinski made his hazy allegations against the biden's public for the first time at a press conference choreographed by the trump for president campaign, which provided him a venue, a gaggle of journalists, and even a dress shirt that they went out and bought for him to wear to the event. hours later, mr. bobulinski points to the second 2020 presidential debate as donald trump's personal guest where he was seated with kent brock and mark meadows. the other star witness, mr. galanis, who i believe is appearing by zoom today, is a surreal fraudster and con man, a term i would certainly not use on a witness except it was explicitly bestowed upon him by not one but two different federal u.s. court judges, including the one who sentenced him to over 15 years in prison for defrauding union pension f
and just last month suing cassidy hutchinson for $10 million after she reported mr. bobulinski wearing a mask met with mark meadows, which ms. hutchinson has now backed up with actual documentary photographic evidence. something in very short supply in this investigation. mr. bobulinski made his hazy allegations against the biden's public for the first time at a press conference choreographed by the trump for president campaign, which provided him a venue, a gaggle of journalists, and even a...
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Mar 9, 2024
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we heard from cassidy hutchinson a couple of rooms over today about it and mr. rove just walk through how much criminal evidence that could result in a conviction. what is your response to that? both politically, which is this panel? and morally, if you if you care to weigh in? well, mean so far it hasn't played a role if anything at least temporarily within republican primary it's helped the president solidify his support, solidify his base. certainly i think a conviction without a doubt would be certainly not helpful and certainly problems attic. but i think that the way things are going it doesn't look like of these cases are going to get resolved before the election it's anyone's guess whether they will or they won't. if i didn't i'll let you finish. but if he's innocent, would it be better to have i mean, if he gets acquitted on one of these things? i mean, this is as high stakes poker as it gets i mean, i think if the president gets acquitted on one of these items, i think it's going to be even his chances of winning going to be even greater. i mean, the r
we heard from cassidy hutchinson a couple of rooms over today about it and mr. rove just walk through how much criminal evidence that could result in a conviction. what is your response to that? both politically, which is this panel? and morally, if you if you care to weigh in? well, mean so far it hasn't played a role if anything at least temporarily within republican primary it's helped the president solidify his support, solidify his base. certainly i think a conviction without a doubt would...
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Mar 6, 2024
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i will give senator cassidy the same time i had. >> mr. duato, in 2021 , jansen constructed an exclusionary contract to protect their dr blockbuster drug. it change the outcome but the deal protected competition from new bio similar which was launched at a 15% lower cost. i i understand that this is confidential in terms of the settlement with the court -- by the way, let me just say this involves a rebate law. for the sake of those that are c watching, it is a competitor tool that can be used to restrict a competitor inching in. a manufacture could offer more significant rebates for access to the formulary contingent upon the blocking -- we have been discussing the promise to lower the cost in a market oriented competitive way. we are not going to have government regulation. we have to have a market situation in the market would be bio similar. this sort of arrangement blocks it. in the full support of a market oriented approach, do any of your current contracts support rebate walls -- >> we welcome genetics. we have a part of the system.
i will give senator cassidy the same time i had. >> mr. duato, in 2021 , jansen constructed an exclusionary contract to protect their dr blockbuster drug. it change the outcome but the deal protected competition from new bio similar which was launched at a 15% lower cost. i i understand that this is confidential in terms of the settlement with the court -- by the way, let me just say this involves a rebate law. for the sake of those that are c watching, it is a competitor tool that can be...
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Mar 20, 2024
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mr. chairman. >> i would now like to introduce our witnesses. mr. tony bobulinski. mr. bobulinski was a business partner of mr. biden in a joint venture between a chinese energy entity. mr. bobulinski separate interview with the committee on february 13th, 2024. mr. 1010. lev parnas he is a political activist and an author. and mr. jason galanis. he was a business partner of hunter biden's. he sat for a transcribed interview with this committee on january 23rd, 2024. we asked the bureau of prisons to make him available in person today. they would only provide mr. galanis for virtual testimony. notably, he applied for c.a.r.e.s. act home confinement and after a lengthy approval process was approved on june the ninth, 2023. on june 12, 2023, i issued a subpoena for testimony. on the following day, june 13th, 2023, mr. galanis's approval was reversed as a result of department of justice intervention. so mr. galanis has remained in a federal prison facility. he is currently in montgomery, ala
mr. chairman. >> i would now like to introduce our witnesses. mr. tony bobulinski. mr. bobulinski was a business partner of mr. biden in a joint venture between a chinese energy entity. mr. bobulinski separate interview with the committee on february 13th, 2024. mr. 1010. lev parnas he is a political activist and an author. and mr. jason galanis. he was a business partner of hunter biden's. he sat for a transcribed interview with this committee on january 23rd, 2024. we asked the bureau...