Hospital campaign against drug price increases is making a dent.
A Michigan hospital is seeing results from its 5-month-old effort to reject drug price increases that exceed the medical consumer price index and ban representatives of companies whose prices it considers excessive. So far, three vendors have rolled back prices or guaranteed long-term price protection, three others have said they would consider negotiating and four have declined to make any concessions.
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D016527:Drug Costs; D004345:Drug Industry / Q000191:economics*; D006745:Hospital Bed Capacity, 300 to 499; D008824:Michigan; D016134:Organizational Policy; D011682:Purchasing, Hospital / Q000191:economics*