Morning Briefing
Summaries of health policy coverage from major news organizations
Perspectives: It's Time To Start Putting America's Patients First When It Comes To Drug Pricing
Let鈥檚 think about this for a second. Pharmaceutical companies charge low prices for prescription drugs in Canada, Europe, and Japan. At the same time, they charge American consumers significantly more. Why? Because politicians have let them for far too long. I recently met Sheldon Armus, who has Type-2 Diabetes. The price of his insulin went from $60 a month to more than $300 a month in a short period of time. (Sen. Rick Scott, 5/21)
The Trump administration makes a lot of noise about drug pricing. Its actions so far aren鈥檛 as聽resounding. This dynamic was on display Thursday,聽when the administration聽moved forward with聽a regulation that will help privately run Medicare Advantage plans that cover about 20 million seniors聽negotiate prices on some medicines. But at the same time, it decided聽not to go ahead with a聽planned change that could have cut costs in a larger program. The net result is聽that聽the overall impact is dulled.聽(Max Nisen, 5/17)
When it comes to the prescription drugs America聽use, too often money is the last thing consumers聽think about. Formulaic prescription drug ads are part of the reason why.聽Suffer from blood clotting or find yourself at an elevated risk of stroke due to an irregular heartbeat? Then Eliquis is your answer. Got moderate to severe ulcerative colitis, psoriatic arthritis or Crohn鈥檚 disease? Then talk to your doctor about Humira. (5/16)
The House Oversight Committee just held a hearing to examine Gilead Sciences鈥 pricing on Truvada for PrEP 鈥 an HIV prevention drug that was funded almost entirely by the U.S. taxpayer and private charities, not the pharmaceutical industry. Not since the 1989 hearing over AZT has the House held a hearing on HIV drug pricing. (Christian Urrutia and Nicholas Faust, 5/21)
Louisiana is putting the final touches on a revolutionary deal that promises to simultaneously control health care costs and increase access to a drug that actually cures Hepatitis C, an infectious disease that kills more Americans than any other, including HIV/AIDS. The idea is remarkably simple: The state would pay a flat fee over a set number of years 鈥 in effect, a subscription 鈥 and in return, the drug company provides the drug to every sick patient covered by the state, without limit. (Ike Brannon, 5/20)
The pharmaceutical industry can be selective when it wants to talk about the role of 鈥渕arket forces鈥 regarding the price of medications. Drug makers are quick to explain that price increases are helping to continue the work of research and development that can lead to new and better medications, for example. Fair enough. But when it comes to the most basic of market forces 鈥 knowing what patients are paying for a particular medication and why the price keeps going up 鈥 there鈥檚 less interest in providing the transparency most of us expect for the goods and services we purchase. (5/21)
When you leave the doctor鈥檚 office to pick up a new prescription, do you know how much you鈥檒l pay out-of-pocket to fill it? If you鈥檙e like the vast majority of Americans, probably not.Think about that for a second. In what other industry would you agree to purchase an item or service without knowing the cost? We鈥檙e so used to sticker shock at the pharmacy that it has taken over a decade of rising drug prices for the issue to make it under the national spotlight. (Joe Harpaz, 5/17)