HomeBusinessMerck, J&J, Bristol Myers Squibb CEOs face Senate drug price hearing

Merck, J&J, Bristol Myers Squibb CEOs face Senate drug price hearing

Sen. Bernie Sanders, left, appears at a news conference with Sen. Ed Markey on issuing subpoenas for pharmaceutical company CEOs to testify regarding drug prices, in the Capitol, Jan. 25, 2024.

Bill Clark | Cq-roll Call, Inc. | Getty Images

Senators are questioning the CEOs of Johnson & Johnson, Merck and Bristol Myers Squibb on U.S. drug prices at a hearing Thursday, as lawmakers on both sides of the aisle work to rein in high health-care costs for Americans. 

The push to cut drug prices is one of those rare hot-button issues that unites the two major political parties, even though they often back different approaches. 

Roughly 9 million American adults did not take their drugs as prescribed in 2021 due to the high cost of medications, according to a federal survey. Prescription drug prices in the U.S. are also more than 2.5 times as high as those in other high-income nations, another…

Read more at www.cnbc.com

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