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Drug Innovation – Page 5 – Pacific Research Institute

Drug Innovation

Commentary

Thank the IRA for Cuts to Critical Drug Research

President Biden’s Inflation Reduction Act is just eight months old. It hasn’t yet slayed inflation. But it’s already gutting drug research and development. The law gives Medicare the power to impose price controls on certain prescription drugs for the first time. By September, federal officials will select the first 10 ...
Commentary

Small-Molecule Price Controls Are A Big Mistake

The Biden administration is in the midst of setting the terms for its program of price controls on prescription drugs dispensed through Medicare. The first 10 medicines subject to the price caps will be selected by the end of this year. That prospect is already chilling investment in drug research, particularly ...
Drug Innovation

Wayne Winegarden on NTD News to Discuss Congress Pushing Back on Pharmaceutical Benefit Managers

Congress is beginning to push back on pharmaceutical benefit managers (PBMs). PRI’s Wayne Winegarden tells NTD News that a large problem lies in the lack of transparency in the drug pricing system. Reforming the PBM system could reduce costs for patients. Click to watch the interview on NTD News.
Commentary

Price controls in Medicare will kill new cures

President Biden just released his budget plan for the next fiscal year. It purports to extend Medicare’s solvency by decades and reassure the millions of Americans who rely on the program. But once they realize his approach will grind drug research to a halt, perhaps they’ll come to a different conclusion. The ...
Commentary

Read about the middlemen in healthcare

Pharmacy benefit managers are picking patients’ pockets

Pharmacy benefit managers are in the congressional hot seat. Last Thursday, the Senate Finance Committee held a hearing examining the middlemen’s impact on patients. Earlier in March, the House Committee on Oversight and Accountability launched an investigation into PBM tactics that are “harming patient care and increasing costs for consumers.” ...
Commentary

A Bipartisan Regulatory Reform Opportunity: 340B

Despite the rancor, there are many bipartisan opportunities for the divided 118th Congress. Near the top of the to-do list should be reforming the well-intentioned, but poorly designed, 340B drug discount program. 340B enables qualifying institutions to purchase medicines from manufacturers at steep discounts, generally between 25% and 50% off list ...
Blog

Key Takeaways from President Biden’s Proposed 2024 Healthcare Budget

The United States currently faces a deficit of over $700 billion.  Not including other health programs, in 2021, over $734 billion was spent on Medicaid alone. Despite these facts, President Biden’s 2024 budget proposal aims to increase funding for healthcare by 11.5%. The proposal claims proposed tax increases  will not ...
Commentary

Grave Mistake to Fix Drug Prices Without Esteem for Their Value

Democrats remain fixated on prescription drug prices. Last August, they managed to include price controls on drugs dispensed through Medicare in the Inflation Reduction Act. And they’re not done meddling. Earlier this month, Rep. Lloyd Doggett, D-Texas, called on President Biden to unilaterally suspend drug patents in order “to address the crisis ...
Commentary

To help patients save money, Congress needs to tackle the middlemen in health care

As a Republican-controlled House of Representatives with a small majority opens for business in January, one member has especially big ideas for saving patients money on prescription drug costs — and the research to back it up. A year ago, Rep. James Comer (R-KY) released a comprehensive report on the ...
Commentary

Price Controls, Publicly Funded Insurance Won’t Deliver Value

On Dec. 14, the Centers for Medicare and Medicaid Services (cms.gov) released their latest estimate of the country’s annual healthcare tab. For the second straight year, U.S. healthcare spending topped $4 trillion. In 2021, health spending accounted for more than 18% of U.S. GDP. Progressives tend to cite numbers like these ...
Commentary

Thank the IRA for Cuts to Critical Drug Research

President Biden’s Inflation Reduction Act is just eight months old. It hasn’t yet slayed inflation. But it’s already gutting drug research and development. The law gives Medicare the power to impose price controls on certain prescription drugs for the first time. By September, federal officials will select the first 10 ...
Commentary

Small-Molecule Price Controls Are A Big Mistake

The Biden administration is in the midst of setting the terms for its program of price controls on prescription drugs dispensed through Medicare. The first 10 medicines subject to the price caps will be selected by the end of this year. That prospect is already chilling investment in drug research, particularly ...
Drug Innovation

Wayne Winegarden on NTD News to Discuss Congress Pushing Back on Pharmaceutical Benefit Managers

Congress is beginning to push back on pharmaceutical benefit managers (PBMs). PRI’s Wayne Winegarden tells NTD News that a large problem lies in the lack of transparency in the drug pricing system. Reforming the PBM system could reduce costs for patients. Click to watch the interview on NTD News.
Commentary

Price controls in Medicare will kill new cures

President Biden just released his budget plan for the next fiscal year. It purports to extend Medicare’s solvency by decades and reassure the millions of Americans who rely on the program. But once they realize his approach will grind drug research to a halt, perhaps they’ll come to a different conclusion. The ...
Commentary

Read about the middlemen in healthcare

Pharmacy benefit managers are picking patients’ pockets

Pharmacy benefit managers are in the congressional hot seat. Last Thursday, the Senate Finance Committee held a hearing examining the middlemen’s impact on patients. Earlier in March, the House Committee on Oversight and Accountability launched an investigation into PBM tactics that are “harming patient care and increasing costs for consumers.” ...
Commentary

A Bipartisan Regulatory Reform Opportunity: 340B

Despite the rancor, there are many bipartisan opportunities for the divided 118th Congress. Near the top of the to-do list should be reforming the well-intentioned, but poorly designed, 340B drug discount program. 340B enables qualifying institutions to purchase medicines from manufacturers at steep discounts, generally between 25% and 50% off list ...
Blog

Key Takeaways from President Biden’s Proposed 2024 Healthcare Budget

The United States currently faces a deficit of over $700 billion.  Not including other health programs, in 2021, over $734 billion was spent on Medicaid alone. Despite these facts, President Biden’s 2024 budget proposal aims to increase funding for healthcare by 11.5%. The proposal claims proposed tax increases  will not ...
Commentary

Grave Mistake to Fix Drug Prices Without Esteem for Their Value

Democrats remain fixated on prescription drug prices. Last August, they managed to include price controls on drugs dispensed through Medicare in the Inflation Reduction Act. And they’re not done meddling. Earlier this month, Rep. Lloyd Doggett, D-Texas, called on President Biden to unilaterally suspend drug patents in order “to address the crisis ...
Commentary

To help patients save money, Congress needs to tackle the middlemen in health care

As a Republican-controlled House of Representatives with a small majority opens for business in January, one member has especially big ideas for saving patients money on prescription drug costs — and the research to back it up. A year ago, Rep. James Comer (R-KY) released a comprehensive report on the ...
Commentary

Price Controls, Publicly Funded Insurance Won’t Deliver Value

On Dec. 14, the Centers for Medicare and Medicaid Services (cms.gov) released their latest estimate of the country’s annual healthcare tab. For the second straight year, U.S. healthcare spending topped $4 trillion. In 2021, health spending accounted for more than 18% of U.S. GDP. Progressives tend to cite numbers like these ...
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