Morning Briefing
Summaries of health policy coverage from major news organizations
Perspectives: Getting Generics To Market Faster Will Help Drug Prices, But Is Public Shaming The Way To Go?
FDA Commissioner Scott Gottlieb says he鈥檚 not looking to shame brand-name drug companies into providing generic drugmakers with聽the samples they need to create copies. It鈥檚 hard to see what else he has in mind by publishing a list of companies that generics makers say aren鈥檛 playing ball. If pushing the big pharmaceutical companies to allow more competition from generics is indeed his goal, it鈥檚 a good one. Getting generic medicines to market faster could go a long way toward lowering exorbitant drug prices in the U.S. But whether Gottlieb鈥檚 effort to shine daylight on the companies鈥 鈥渟henanigans,鈥澛燼s he puts it, will work is an open question. (5/22)
The drug price reforms that President Trump recently proposed are as potent as a placebo, but not as harmless. Trump once blustered that drug firms were 鈥済etting away with murder,鈥 but his real-life plan caused pharmaceutical stocks to surge as investors foresaw even higher prices and profits ahead. The president stepped away from his earlier promises to allow Medicare to negotiate prices, while vowing to fight for higher drug prices abroad 鈥 a gold mine for the industry that would do nothing to reduce drug prices at home. (Adam Gaffney, 5/23)
President Trump鈥檚 long-awaited plan to reduce the costs of prescription drugs calls for a comprehensive set of reforms, including redesigning the patent system to prevent drug monopolies, uncloaking the role of pharmacy benefit managers, and charging foreign governments more for brand name drugs. He also proposed bringing more negotiation tactics into Medicare Part D and Part B, which cover most cancer therapies.In the abstract, these approaches seem to make sense. But as oncologists, we see how they play out in the clinic and how they affect patients. While we support an effort to bring value across the health care ecosystem, the president鈥檚 plan needs to go further to help people with cancer. (Steven Kalkanis and Jonathan Trent, 5/22)
he debate about drug costs can be hard to follow because it is both broad and deep. Between patients not being able to afford their medication, the role of 鈥渕iddlemen鈥 (pharmacy benefit managers), and lawyers filing class-action lawsuits, the topic is complex and can be emotional for many. I鈥檇 like to put it into perspective with insulin, a lifesaving drug used by most of my patients 鈥 and millions of Americans 鈥 that is a perfect case study of the drug pricing issue. (Irl Hirsch, 5/17)
Vermont has pipe-dreamed for years about combating sky-high prescription drug prices by importing pharmaceuticals from Canada, but perhaps never has the effort seemed more quixotic than at present. Nonetheless, the Legislature passed and Gov. Phil Scott signed into law last week a bill that would create a wholesale drug importation scheme with the state鈥檚 neighbor to the north, a first-in-the-nation program. 鈥淚鈥檓 in favor of doing whatever we can do to reduce cost for Vermonters,鈥 Scott said. (5/22)
Populists often put their finger on problems that irk their countrymen. They also tend to come up with inadequate solutions to them. So it is with President Donald Trump鈥檚 plan, unveiled on May 11th, to lower the price of prescription drugs. Drugs are more expensive in America than anywhere else. A month鈥檚 supply of Harvoni, which cures hepatitis C, costs $32,114 in America and $16,861 in Switzerland. Some cancer drugs can cost more than $150,000 a year. Mr Trump campaigned on a promise to reduce prices. He suggested that he would make it easier to import drugs from abroad and would force drug companies to lower prices for Americans, using the state鈥檚 bargaining power to save $300bn a year鈥攑reposterous, given that this is almost the entire sum the government spends on drugs. Nevertheless, his promises may have helped Mr Trump win the support of the majority of older voters. (5/19)
Drug prices in the U.S. will continue to be the highest in the world for some time to come, President Trump鈥檚 plan notwithstanding. But an unexpected move from Amgen聽Inc. suggests some progress is being made at the source on bringing down costs.聽聽The company鈥檚 new migraine drug Aimovig,聽which聽will be sold in collaboration聽with Novartis AG, was approved Thursday evening by the FDA. The drug, which聽can substantially cut headache frequency and severity, will cost $6,900 a year rather than $10,000 or more as some predicted. (Max Nisen, 5/18)
What self-respecting health-care reporter wouldn鈥檛 want a one-on-one interview with Stephen Ubl, president and聽chief executive of the Pharmaceutical Research and Manufacturers of America? PhRMA is among the top 10 D.C. lobbies, having spent some $350 million since the late 1990s, according to OpenSecrets.org. It laid out a record amount in recent months fighting drug-price legislation in Congress. So Bloomberg News reporter Cynthia Koons said yes to the opportunity to corner Ubl at the Wednesday conference 鈥淭he State of Care: Patient Access & Affordability,鈥 organized by the prolific-as-heck events team at the Atlantic. 鈥淲hen journalists have the opportunity to sit down with our CEO, they certainly will ask the tough questions,鈥 says Holly Campbell, PhRMA鈥檚 deputy vice president for public affairs. Not in this case: Koons recently withdrew from the event. (Erik Wemple, 5/22)
The control of administering drug benefits for the elderly who buy Medicare Part D plans is rapidly dwindling to just a few health聽firms as consolidation sweeps the health insurance and drug benefit management industry.If the health insurer Cigna successfully completes its acquisition of the PBM聽Express Scripts and CVS Health pulls off its purchase of Aetna, nearly three in four seniors will have drug benefits controlled by just four companies , a new report from the Kaiser Family Foundation shows. (Bruce Japsen, 5/22)