In an attempt to combat the soaring cost of prescription drugs and Big Pharma’s stranglehold on the U.S. healthcare system, the American Medical Association (AMA) has approved a new policy to “support a ban on direct-to-consumer advertising for prescription drugs and implantable medical devices.”
“Today’s vote in support of an advertising ban reflects concerns among physicians about the negative impact of commercially-driven promotions, and the role that marketing costs play in fueling escalating drug prices,” said AMA board chair-elect Patrice Harris, M.D., in a press statement on Tuesday. The vote took place at the AMA’s 2015 Interim Meeting in Atlanta.
Supporters of the ban also cited concerns including patient confusion and encouragement of off-label, or unapproved, use of certain drugs.
The AMA points out that the U.S. and New Zealand are the only two countries in the world that allow direct-to-consumer advertising of prescription drugs. What’s more, advertising dollars spent by drug makers have increased by 30 percent in the last two years to $4.5 billion, according to the market research firm Kantar Media.
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And in the past few years, prices on generic and brand-name prescription drugs have steadily risen, experiencing a 4.7 percent spike in 2015 alone, according to the Altarum Institute Center for Sustainable Health Spending.
Though the move is largely symbolic, as any such ban would have to be authorized by Congress, the AMA plans to pull out all the stops in an effort to sway federal regulators, elected officials, and the public at-large.
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