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More Competition is Needed to Help Drive Down Healthcare Costs, Says CEO

May 27, 2023
in Trade Tube
Reading Time: 1 min read
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With the CEO of Mylan preparing to appear before Congress next week to discuss EpiPen pricing, one healthcare executive says speedier drug approvals would help to lower the costs of medicine. “I don’t think it’s about any one product or one company. The FDA needs to speed up their process of approval,” said Susan DeVore, CEO of Premier( ). “You need at least two to three competitors in the space to create the friction to drive the price down.” DeVore also commented on the Affordable Care Act, saying she expects the basic framework of Obamacare will continue, even if there is a Republican sweep in the fall elections. Premier uses a membership model to

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