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Morning Briefing

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Tuesday, Mar 24 2020

Full Issue

Perspectives: Will Americans Actually Be Able To Afford A Vaccine If One Is Available?

Read recent commentaries about drug-cost issues.

Since its discovery in Wuhan, China, in December last year, coronavirus has infected more than 100 000 people in 103 countries and resulted in panic, travel bans and quarantines.聽Talk has turned to a potential vaccine, with President Trump promising one in 鈥渁 couple of months.鈥 However, Health and Human Services Secretary Alex Azar effectively decided the opposite by stating that the U.S. would not place price controls 鈥 regulations to control the cost鈥 on potential coronavirus vaccines. In Azar鈥檚 words: 鈥淭he priority is to get vaccines and therapeutics. Price controls won鈥檛 get us there.鈥 (Safura Abdool Karim, 3/20)

Ihave spent my career as a biomedical entrepreneur working to develop products that have the potential to save lives while also generating returns for shareholders. Two years ago, I co-founded a new company, Octagon Therapeutics, focused on a critical unmet medical need and a growing market opportunity: more effective antibiotics. It turned out to be a disaster. (Isaac Stoner, 3/18)

Over the past 15 years, insulin prices have more than doubled. Pharmaceutical companies have been on the receiving end of most of the blame, and the chorus of angry voices has grown louder given Speaker Nancy Pelosi鈥檚 H.R. 3 bill, which shows that Americans pay three times more for the same medicines than Europeans do. (Duane Schulthess, 3/19)

While estimates suggest that hundreds of millions of Americans may contract the coronavirus, the complications experienced by those infected will vary widely. The whole point of 鈥渇lattening the curve鈥 is to ensure that those who are most in need of medical resources 鈥 the elderly and those with underlying health conditions 鈥 can receive medical attention when they need it. The over 34 million Americans living with diabetes make up a significant part of this group, and we need Congress and the states to provide urgent help to blunt the potentially devastating impact on our community. (Tracey D. Brown, 3/23)

Big Pharma opposes a bill introduced by Sen. Chuck Grassley and supported by Sen. Joni Ernst that would curb rising drug prices, but you wouldn鈥檛 know that from a聽recent聽 op-ed in the Des Moines Register that calls them pawns of the pharmaceutical industry. The column charged that the Prescription Drug Pricing Reduction Act, which is supported by both Democrats and Republicans, is a giveaway to pharmaceutical companies, falsely claiming that the proposed cap on out-of-pocket costs for Iowans on Medicare wouldn鈥檛 鈥渟top corporations鈥 and that the bill is merely paying 鈥渓ip service鈥 to voters. But what it left out were critical details about the bill, while including irrelevant personal attacks on those who support bipartisan solutions. (Laura Kaminenski, 3/18)

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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