Couple to Give $7.2 Million Toward Effort to Lower Drug Prices
A Houston-based philanthropist couple is adding their financial firepower to efforts to make prescription drugs more affordable in the U.S.
The Laura and John Arnold Foundation will provide a total of $7.2 million to four organizations to fund research and pilot projects aimed at reining in drug costs and lowering financial barriers for patients, according to the foundation.
The money will go towards efforts to expand payment arrangements in which health insurers and government programs pay drug companies based on how well a treatment works in patients - "pay-for-performance" - rather than solely based on volume.
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