Pric­ing deal col­laps­es over Big Phar­ma's re­fusal to is­sue $100 'cash card­s' be­fore the elec­tion — re­port

Late in Au­gust, as ne­go­ti­a­tions on a pric­ing deal with Pres­i­dent Trump reached a boil­ing point, PhRMA pres­i­dent Stephen Ubl sent an email up­date to the 34 bio­phar­ma chiefs that sit on his board. He wrote that if the in­dus­try did not agree to pay for a $100 “cash card” sent to se­niors be­fore No­vem­ber, White House chief of staff Mark Mead­ows was go­ing to tell the news me­dia Big Phar­ma was re­fus­ing to “share the sav­ings” with the el­der­ly — and that all of the blame for failed drug pric­ing ne­go­ti­a­tions would lie square­ly on the in­dus­try.

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