Photo: Tim Boyle/Getty Images

The Trump administration is moving ahead with a proposal that would require drug companies to include the sticker prices of their products in direct-to-consumer advertising — a controversial part of President Trump's blueprint for lower drug prices.

Between the lines: As simple and straightforward as price disclosures might sound, this information may not end up being very useful. Few patients pay the sticker price for a drug. Their insurance plans negotiate discounts, and then often pay only a fraction of that amount.

Driving the news: The White House budget office is reviewing a proposed rule on "drug price transparency."

  • Two sources familiar with the proposal said it would implement Trump's call to require pricing information in consumer-focused advertising. One of those sources said it would be drugs' list prices.

What to watch: This will be controversial. Drugs' list prices are much higher than the prices most consumers actually pay. But because every insurance plan is different, it's hard to find a single alternative that would give patients a more accurate picture of their own price tag.

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Updated 7 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 31,444,163 — Total deaths: 967,305— Total recoveries: 21,551,157Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 6,889,086 — Total deaths: 200,641 — Total recoveries: 2,615,974 — Total tests: 95,846,925Map.
  3. Health: The U.S. reaches 200,000 coronavirus deaths — The CDC's crumbling reputation — America turns against coronavirus vaccine.
  4. Politics: Elected officials are failing us on much-needed stimulus.
  5. Business: Two-thirds of business leaders think pandemic will lead to permanent changes — Fed chair warns economy will feel the weight of expired stimulus.
  6. Sports: NFL fines maskless coaches.

House Democrats, Trump administration strike deal to avert government shutdown

House Speaker Nancy Pelosi (D-Calif.). Photo: Tom Williams/CQ-Roll Call via Getty Images

House Democrats have reached a deal with the Trump administration on legislation to fund the government through Dec. 11, Speaker Nancy Pelosi (D-Calif.) announced Tuesday.

Why it matters: The deal will avert a government shutdown when funding expires in eight days. Pelosi and House Majority Leader Steny Hoyer (D-Md.) said earlier that they hoped to hold a vote on the legislation on Tuesday evening.

Updated 1 hour ago - Politics & Policy

Trump says he will announce Supreme Court pick on Saturday

Photo: Mandel Ngan/AFP via Getty Images

President Trump tweeted Tuesday that he plans to announce his Supreme Court pick on Saturday. He later told reporters that the announcement will come at 5 p.m.

Why it matters: Republicans are moving fast to replace the late Justice Ruth Bader Ginsburg, which would tilt the balance of the high court in conservatives' favor and have lasting impact on climate policy, immigration and the Affordable Care Act.

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