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Morning Briefing

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Wednesday, Jul 29 2020

Full Issue

Perspectives: Time To Cut Costs; Trump's Drug-Pricing Orders

Read recent commentaries about prescription drug issues.

If the Trump administration succeeds in lowering the prices of some popular prescription drugs this year, you can apparently thank the Supreme Court and its decision to restore the Deferred Action for Childhood Arrivals program. This was the bizarre and disturbing position that President Trump advanced Monday when chatting briefly with reporters on the White House lawn. The president signed four executive orders last week that aim to slash the premium prices that Americans pay for insulin and other medications, a laudable goal that has met with stiff resistance from elements of the pharmaceutical industry. Although all of these proposals have been in the works for years, they have foundered in the face of industry objections and, more notably, serious implementation challenges. (Jon Healey, 7/27)

President Trump鈥檚 decline in the polls is getting more expensive by the day. The next virus spending bill will cost trillions, and late Friday the President made a pitch for seniors with haphazard executive orders to lower drug prices. His prescription is akin to what Democrats are offering: more government control. 鈥淚鈥檓 unrigging the system that is many decades old. We鈥檙e doing something that should have been done a long time ago,鈥 the President said at a press conference. 鈥淧revious administrations did nothing鈥攁bsolutely nothing鈥攁s drug lobbyists, special interests, and foreign countries freely ripped off our citizens.鈥 Did Bernie Sanders ghost write his remarks? (7/26)

I have not been able to find a rigorous analysis of how much these proposals are likely to affect the overall cost of prescription drugs. At a guess, though, the first two are minuscule and cancel each other out. The Canadian reimportation rule will save consumers some money, but not much overall. So that leaves the 鈥渇avored nation鈥 rule, which at least has the potential to drive down the cost of certain expensive drugs. Unfortunately, there鈥檚 no way of knowing what impact it will have until Trump issues an actual order instead of simply using it as a threat to hold over the heads of the pharma industry鈥攚hich he鈥檚 been doing for the past couple of years with no results. Given the opposition of both pharma and most of the Republican Party, this is a pig in a poke until we see a final order. (Kevin Drum, 7/27)

More than a third of Americans say healthcare is the single most important issue going into November鈥檚 election. According to Gallup, 35% of U.S. adults say healthcare is extremely important to winning their vote 鈥 and that鈥檚 based on a survey taken prior to the COVID-19 pandemic causing about 150,000 deaths and turning everyone鈥檚 life upside-down. Yet Democrats and Republicans continue to struggle, as has been the case for decades, for solutions to this country鈥檚 shamefully, pathetically, inexcusably dysfunctional healthcare system, which prioritizes corporate profits ahead of patients鈥 well-being. (David Lazarus, 7/28)

Also 鈥

To protect all of us from Covid-19, we need new medicines鈥攂ut especially new medicines that work for the people suffering most from this disease. By now we know the harsh truth, that minorities around the U.S. are three times more likely than non-Hispanic whites to become infected with the novel coronavirus鈥攁nd twice as likely to die from it, according to data from the Centers for Disease Control and Prevention. When adjusted for age differences, Hispanics and African Americans have been hospitalized due to Covid at rates four to five times higher than whites. (Tim Garnett and Joy Fitzgerald, 7/20)

This is part of the Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.
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