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Morning Briefing

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Wednesday, Oct 28 2020

Full Issue

Biden May Borrow Germany's Approach To Drug Pricing; Despite Trump's Claims, Drug Prices Are Climbing

Read about the biggest pharmaceutical developments and pricing stories from the past week in KHN's Prescription Drug Watch roundup.

Democratic presidential nominee Joe Biden is offering clues about how his administration would approach drug pricing鈥攁nd he's looking to Germany. Under Biden鈥檚 plan, the government would set up a group to assess 鈥渇air鈥 values of drugs, like the Institute for Clinical and Economic Review already does in the U.S. Other governments have their own drug value assessment agencies, but ICER is not a U.S. government group. Biden made the proposal Sunday night, Bernstein analyst Ronny Gal wrote in a note to clients. (Sagonowsky, 10/20)

As the days to Nov. 3 dwindle down, the president of the United States has been hand selecting his points of emphasis for rallies and Twitter posts. Often, those choices go against the wishes of his own advisers. Veering away from core issues, Donald Trump has repeatedly invoked Hunter Biden鈥檚 name, doubled down on unsupported allegations of mail-in ballot vote fraud, suggested he鈥檒l leave the country if he loses the election and repeated debunked claims that masks are not effective in preventing COVID-19.At most stops, however, Trump has at least attempted to broach one topic that pollsters have repeatedly found to be resonant with voters: the high cost of prescription drugs. And time and again, Trump has not only promised to cut them 鈥 鈥淒rug prices will be coming down 80 or 90 percent,鈥 he said during the first presidential debate 鈥 but insisted that, functionally, he has already done so. (Kreidler, 10/27)

As with so many issues, there is a major gulf between President Trump and former Vice President Joe Biden when it comes to issues that directly affect older adults. Biden has proposed a long list of specific proposals. Trump has said remarkably little about what he鈥檇 do in a second term, and that silence extends to programs that affect seniors. But over the past four years he has described several initiatives that he could address starting next year. Here is a quick rundown of where each candidate stands on Medicare, Social Security, long-term care, and health insurance for older working adults. (Gleckman, 10/26)

Also 鈥

Quinn Nystrom鈥檚 first campaign ad slammed her opponent for voting against legislation to lower prescription drug costs. So did her second ad. And her third. Nystrom, a 34-year-old with type 1 diabetes, is waging a spite campaign of sorts against her congressman, Pete Stauber. She launched her bid to unseat the freshman Republican after he backed away from a promise to hold a town hall on insulin affordability in their district, Minnesota鈥檚 8th, a 27,000-square-mile expanse that runs from the Ontario border to the outer suburbs of the Twin Cities. (Florko, 10/27)

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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