Innovating new drugs is an expensive and uncertain business, typically taking 10-12 years and costing, on average, $2.55 billion to bring a new product to market. The risks are enormous, and deserve significant financial rewards; at the same time, it's undeniable that the costs of...
Determining whether the prices for medicines are appropriate or not is critically important, which is why studies that attempt to answer this question must stand up to scrutiny. Studies that undervalue medicines jeopardize the development of future cures, while studies that overvalue medicines justify the...
The California Senate Banking Committee is scheduled to hold a hearing Wednesday (June 26) on a bill that caps consumer loan rates and threatens to sever a vital credit lifeline for many. Oddly, three commercial lenders who offer the kind of loans subject to this...
In their continuing war against charter schools, teacher unions have persistently argued that charter schools, which are mostly non-union, have a large negative financial impact on the regular public school system. New research, however, contradicts this claim. In Sacramento, the California Teachers Association is pushing a...
Some business leaders are hopping aboard the Medicare for All bandwagon. The Business Alliance for a Healthy California, for example, now has 300 businesses calling for universal healthcare. But any businessman considering getting behind Medicare for All should know the sales pitch is flawed. The architects of...
Next week, 20 Democratic presidential hopefuls will gather in Miami for their first debate. One issue is sure to dominate the discussion – "Medicare-for-all." The promise of free, government-run health care has become quite popular among Democrats since Sen. Bernie Sanders, I-Vt., made it a major...
California Democratic Gov. Gavin Newsom predicted this week that the Republican Party will “will go into the waste bin of society.” It was an interesting comment, coming only a couple of weeks after his party’s presidential candidates appeared at California’s Democratic Party convention. That convention showed why California...
Researchers from MIT and Harvard recently released a report concluding that Obamacare had a "clearly positive effect on access to and consumption of health care." Nearly 16 million people gained coverage through Medicaid expansion while just over 11 million purchased insurance through Obamacare's exchanges in...
By Henry I. Miller and John J. Cohrssen Published in Issues and Insights We hear a lot about rising drug prices, but largely ignored is a far more acute and worrisome problem: widespread shortages of critical medications, many of which are essential in medical practice. University of Chicago...
By Henry I. Miller and Josh Bloom Published in Genetic Literacy Project Dietary supplements are big business. Three out of four Americans take one or more on a regular basis, and for older Americans the fraction is four out of five. One in three children also takes...