Morning Briefing
Summaries of health policy coverage from major news organizations
Perspectives: Who Could Lose Out Under Pelosi's Drug Plan?; The Trade War's Impact
This year has brought new treatments for osteoporosis, advanced bladder cancer, Ebola, tuberculosis, spinal muscular atrophy, and postpartum depression. And it鈥檚 only autumn 鈥 the season in which Congress and President Trump will decide to kill biomedical innovation with their proposals on drug prices just as we鈥檙e entering a new era of curative medicines. The press is reporting on 鈥渂ipartisan efforts to lower drug prices,鈥 taking for granted that any debate about drug prices presumes that there are drugs to price. (Peter Kolchinsky, 9/23)
The trade conflict with China seems to escalate, although it can change with a tweet. The first of two rounds of tariffs on billions of dollars鈥 worth of Chinese goods is now in effect, even as the final positioning or even talk of deals and delays are in flux. These tariffs have implications for pharmaceutical companies鈥 supply chain planning for active pharmaceutical ingredients (APIs), the components of drugs that produce their therapeutic effects. Tariffs on APIs imported from China pose risks for pharmaceutical companies, both for generic and name-brand products. (Roddy Martin, 9/25)
Most Americans are affected in some way by rising prescription drug and healthcare prices. Whether you鈥檙e personally impacted or hear about the effects of rising costs on a family member or friend, you know things aren鈥檛 getting better. The Senate Finance Committee, on which I serve, started working this year on a series of hearings to better understand the complexity of drug pricing, especially in the Medicare Part D prescription drug program. We鈥檝e heard from pharmaceutical experts, federal regulators and patients. I鈥檝e been surprised at the bipartisan common ground we鈥檝e been able to achieve toward solutions in lowering prescription drug costs. (Sen. James Lankford, 9/21)
Americans from coast to coast disagree about plenty of issues. As a U.S. senator, I know at least one issue that unites all Americans: Drug prices are too high. The soaring cost of prescription medicine has struck a nonpartisan nerve. Sticker shock is hitting consumers at the pharmacy counter and socking it to taxpayers who foot the bill for government health programs. While most Americans agree the U.S. healthcare system provides the most innovative cures and quality care available in the world, they also know the delivery system is too complex, too secretive, too confusing and too expensive.聽(Sen. Chuck Grassley, 9/21)
Congress was gaveled back into session this month with unprecedented momentum behind legislative efforts to hold Big Pharma accountable and lower prescription drug prices. An array of key factors are aligned that make now the time that lawmakers simply must act to get these, and additional, solutions in the end zone. (Lauren Anderson, 9/25)
Drug companies play games. One of them involves product hopping 鈥 switching from one version of a drug to a trivially different version just to keep generic rivals off the market. Congress is actively considering legislation targeting this conduct. In June, the Senate Judiciary Committee passed by a 22-0 vote the Affordable Prescriptions for Patients Act of 2019. Rep. David Cicilline (D-R.I.) recently introduced companion legislation, the Affordable Prescriptions for Patients Through Promoting Competition Act of 2019. Both aim to quash anticompetitive behaviors by drug companies, and take specific aim at product hopping. (Michael A. Carrier and Genevieve Tung, 9/26)
Every visit to a pharmacy is a reminder to millions of Californians of the high price of prescription drugs in this country. It鈥檚 not just that they cost more, but that the costs are often unjust 鈥 the result of price-gouging practices and patent manipulation by the pharmaceutical industry. The tactics of Martin Shkreli became famous because they were shameless, not because they were unique. One egregious example of problematic pricing by drug companies is a practice called 鈥減ay for delay.鈥 (Anthony Wright, 9/25)
Prescription drug prices, always a sore point for consumers, have become a front-burner political issue for policymakers in both parties heading into this campaign cycle. The Trump administration聽claims聽that reducing the price of drugs is one of its highest priorities and recently issued new聽regulations聽requiring manufacturers to list the price of their drugs in television ads. Congress meanwhile passed two price transparency bills last year and is holding a set of聽hearings聽on the subject, which could lead to聽bipartisan legislation聽that would reduce government spending on drugs by up to $100 billion over the next decade.聽And now Speaker Nancy Pelosi has introduced聽legislation聽forcing drug makers whose products do not face competition to dramatically lower their prices in order to sell in the United States. (Joe Kennedy, 9/25)