NEW YORK – As the U.S. House Ways and Means Committee was hearing testimony from a handful of experts Tuesday morning on how to tackle the rising cost of drug prices, a few hundred miles away panelists at the BIO CEO & Investor Conference also were discussing the need to cut patients' out-of-pocket expenses. Addressing a roomful of biopharma execs and investors in the New York Marriott Marquis in Times Square, the panel members all agreed that the Trump administration's proposed International Pricing Index (IPI) payment model, aimed at reducing reimbursement levels for the Centers for Medicare & Medicaid Services, is not the way to do it.