Studies
Drug Prices
New Issue Brief: Biopharma Drug Makers Are Not the Most Profitable Players in Health Care
A new issue brief released by the Center for Medical Economics and Innovation at the nonpartisan Pacific Research Institute finds that innovative drug manufacturers earn some of the lowest risk-adjusted returns in the U.S. health care system, despite making the largest investments in research and development. The findings challenge the ...
Drug Prices
PRI Files Amicus Brief in Major Supreme Court Case That Could Upend Future Medical Innovation Nationwide
SACRAMENTO – California-based free market think tank the Pacific Research Institute announced today that it has filed an amicus curiae brief urging the U.S. Supreme Court to hear two cases challenging the federal government’s new prescription drug pricing program enacted under the Inflation Reduction Act. The cases, Janssen Pharmaceuticals, Inc. ...
Blog
The Gordon Chang Report–Is This the End of the Atlantic Alliance?
READ THE PDF Is This the End of the Atlantic Alliance? BYD Co., the world’s largest maker of electric vehicles, reported that sales in August increased 0.2% from the same month last year. That rate was down from July’s year-on-year increase of 0.6% and the 12.0% jump in June. The company’s ...
California
The Real Cost of Coexistence: How Wolf Policies Are Failing Western Ranchers
Key Takeaways There are nearly 3,500 gray and Mexican wolves scattered across the western United States. Every time cattle are eaten by wolves, taxpayers reimburse ranchers for their losses. Depending on the state, that reimbursement can cost anywhere from $500 to $15,000 per animal. Ranch income is negatively impacted by ...
Health Care
New PRI Brief: Patent Taxes Threaten America’s Most Productive Engine of Growth
SACRAMENTO. (December 22, 2025) — The free-market Pacific Research Institute today released an issue brief finding that the Trump administration’s proposed 50% tax on patent revenue from inventions created using federal grants would disincentivize universities from expending the time, money, and effort to engage in federally-funded research. “Universities respond to ...
Blog
In the Age of AI, Will Machines Start a Nuke War?
READ THE PDF In the Age of AI, Will Machines Start a Nuke War? In May of last year, China rejected American proposals to limit the use of artificial intelligence for controlling the launch of nuclear weapons. President Joe Biden raised this issue with Xi Jinping in California the preceding ...
Blog
Spending Watch
Lacking Fundamental Reforms, California’s Fiscal Outlook Is Still Dismal
Lacking Fundamental Reforms, California’s Fiscal Outlook Is Still Dismal Wayne Winegarden and Nikhil Agarwal December 2025 The Legislative Analysts’ Office’s (LAO) latest Fiscal Outlook for 2026-27 warns that more budget pain is on the way. The nonpartisan budget analyst’s review concurs with previous PRI Spending Watch analyses where we warned ...
Blog
The Gordon Chang Report–For China, Demography Is a Grim Destiny
READ THE PDF For China, Demography Is a Grim Destiny “China has embarked on a road of demographic no-return,” writes Wang Feng of the University of California, Irvine. “Left unaddressed, China’s demographic trap could precipitate a civilizational collapse,” Yi Fuxian of the University of Wisconsin-Madison tells us. China will suffer ...
Drug Prices
ISSUE BRIEF: Stronger Reforms Needed to Fix Medicare Competitive Bidding Problems
SACRAMENTO – Proposed reforms to fix the problems with the current Medicare bidding process for acquiring prosthetics, CPAP machines, wheelchairs and other durable medical equipment don’t go far enough to fix the fundamental flaws in the process, finds a new brief released today by the Center for Medical Economics and ...
Blog
The Gordon Chang Report–“Keep Out, China!”: Trump Resurrects the Monroe Doctrine
READ THE PDF “Keep Out, China!”: Trump Resurrects the Monroe Doctrine “Murder.” That’s how Colombian President Gustavo Petro, in comments to the BBC late last month, termed recent U.S. airstrikes on small drug boats in the Caribbean Sea. He also called the attacks an “act of tyranny.” Petro said America’s ...
New Issue Brief: Biopharma Drug Makers Are Not the Most Profitable Players in Health Care
A new issue brief released by the Center for Medical Economics and Innovation at the nonpartisan Pacific Research Institute finds that innovative drug manufacturers earn some of the lowest risk-adjusted returns in the U.S. health care system, despite making the largest investments in research and development. The findings challenge the ...
PRI Files Amicus Brief in Major Supreme Court Case That Could Upend Future Medical Innovation Nationwide
SACRAMENTO – California-based free market think tank the Pacific Research Institute announced today that it has filed an amicus curiae brief urging the U.S. Supreme Court to hear two cases challenging the federal government’s new prescription drug pricing program enacted under the Inflation Reduction Act. The cases, Janssen Pharmaceuticals, Inc. ...
The Gordon Chang Report–Is This the End of the Atlantic Alliance?
READ THE PDF Is This the End of the Atlantic Alliance? BYD Co., the world’s largest maker of electric vehicles, reported that sales in August increased 0.2% from the same month last year. That rate was down from July’s year-on-year increase of 0.6% and the 12.0% jump in June. The company’s ...
The Real Cost of Coexistence: How Wolf Policies Are Failing Western Ranchers
Key Takeaways There are nearly 3,500 gray and Mexican wolves scattered across the western United States. Every time cattle are eaten by wolves, taxpayers reimburse ranchers for their losses. Depending on the state, that reimbursement can cost anywhere from $500 to $15,000 per animal. Ranch income is negatively impacted by ...
New PRI Brief: Patent Taxes Threaten America’s Most Productive Engine of Growth
SACRAMENTO. (December 22, 2025) — The free-market Pacific Research Institute today released an issue brief finding that the Trump administration’s proposed 50% tax on patent revenue from inventions created using federal grants would disincentivize universities from expending the time, money, and effort to engage in federally-funded research. “Universities respond to ...
In the Age of AI, Will Machines Start a Nuke War?
READ THE PDF In the Age of AI, Will Machines Start a Nuke War? In May of last year, China rejected American proposals to limit the use of artificial intelligence for controlling the launch of nuclear weapons. President Joe Biden raised this issue with Xi Jinping in California the preceding ...
Spending Watch
Lacking Fundamental Reforms, California’s Fiscal Outlook Is Still Dismal
Lacking Fundamental Reforms, California’s Fiscal Outlook Is Still Dismal Wayne Winegarden and Nikhil Agarwal December 2025 The Legislative Analysts’ Office’s (LAO) latest Fiscal Outlook for 2026-27 warns that more budget pain is on the way. The nonpartisan budget analyst’s review concurs with previous PRI Spending Watch analyses where we warned ...
The Gordon Chang Report–For China, Demography Is a Grim Destiny
READ THE PDF For China, Demography Is a Grim Destiny “China has embarked on a road of demographic no-return,” writes Wang Feng of the University of California, Irvine. “Left unaddressed, China’s demographic trap could precipitate a civilizational collapse,” Yi Fuxian of the University of Wisconsin-Madison tells us. China will suffer ...
ISSUE BRIEF: Stronger Reforms Needed to Fix Medicare Competitive Bidding Problems
SACRAMENTO – Proposed reforms to fix the problems with the current Medicare bidding process for acquiring prosthetics, CPAP machines, wheelchairs and other durable medical equipment don’t go far enough to fix the fundamental flaws in the process, finds a new brief released today by the Center for Medical Economics and ...
The Gordon Chang Report–“Keep Out, China!”: Trump Resurrects the Monroe Doctrine
READ THE PDF “Keep Out, China!”: Trump Resurrects the Monroe Doctrine “Murder.” That’s how Colombian President Gustavo Petro, in comments to the BBC late last month, termed recent U.S. airstrikes on small drug boats in the Caribbean Sea. He also called the attacks an “act of tyranny.” Petro said America’s ...
