New Study: Medicare’s Price Controls Are Fueling America’s Growing Doctor Shortage
The Pacific Research Institute’s Center for Medical Economics and Innovation today released a new issue brief warning that continued federal underpayment of doctors is fueling a looming healthcare crisis by accelerating the nation’s physician shortage and undermining access to care. Written by PRI senior fellow in business and economics and CMEI director Dr. Wayne Winegarden, the brief (titled “It’s Time for Medicare to Stop Shortchanging Physicians”) finds that Medicare reimbursement rates are well below market ...
Read the new book from Sally Pipes “The World’s Medicine Chest”
Just released from PRI – read The World’s Medicine Chest, the latest book from PRI President, CEO and Thomas W. Smith Fellow in Health Care Policy. <The World’s Medicine Chest explores how America became the world’s leader in biopharmaceutical innovation through market capitalism. Click here to register to watch a special live webinar with Pipes on Wednesday, February 26 at 11 AM Pacific time, discussing her new book in conversation with PRI’s Dr. Wayne Winegarden. In ...
Learn How Drug Price Controls Hurt Patients
Big Pharma Is Not Gouging Americans nor Driving Up Healthcare Costs
Whether it is Sanders vilifying pharmaceutical companies or Trump’s emphasis on imposing price controls, they both allege that drug spending is a primary driver of the nation’s rising healthcare costs. Even a cursory look at the data demonstrates their focus is misplaced. Let’s start with the national health expenditure data that shows the U.S. currently spends around $5 trillion annually, or $15,000 per person, on healthcare. This is a gargantuan amount. Prescription drug spending accounts ...
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Single Payer
Medical Debt
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Podcasts
Sally Pipes – The World’s Medicine Chest
March 3, 2025
Wayne Winegarden – The Impact of Covid-19 Restrictions
October 2, 2023
Bill Smith – Rationing Medicine
May 23, 2023
Blogs
Learn How Drug Price Controls Hurt Patients
Big Pharma Is Not Gouging Americans nor Driving Up Healthcare Costs
Wayne Winegarden
October 8, 2025
Read part 3 of a series on drug pricing
Regulations, Not Anticompetitive Actions, Are Obstructing Drug Competition
Wayne Winegarden
July 30, 2025
Read part 1 of a 3 part series on drug pricing
Conspiracies Aside, Drug Company Profits Are Average
Wayne Winegarden
July 16, 2025
Commentary
Seniors Will Soon Pay the Price for Biden’s Medicare Misstep
Sally C. Pipes
September 29, 2025
Drug Innovation is Dying in UK, Don’t Let it Happen Here
Sally C. Pipes
September 25, 2025