Morning Briefing
Summaries of health policy coverage from major news organizations
Perspectives: Drug-Pricing Policies Of Biden, Trump; Medical Innovation
Both parties (Republicans, Democrats) would replace today鈥檚 market-driven system, which bases prices on the value of the product to the consumer, with controlled prices tied to those in countries where governments set reimbursement rates substantially lower than here.聽The resulting drop in revenue for the pharmaceutical industry would kill innovation in the U.S. and Europe and cripple the biotech community.聽(Standish Fleming, 10/22)
During the 2016 campaign, Donald Trump promised "great聽health care" for聽any American who is sick, and at affordable prices. 鈥淲e鈥檒l be terminating Obamacare and we鈥檒l be replacing it with so many different options, but you鈥檒l have great health care at a fraction, a fraction of the cost and it鈥檒l be great,鈥 Trump said from the聽Robarts Arena stage in Sarasota, Florida,聽during one of the last rallies of his campaign. But nonpartisan experts say health care costs have continued to rise during Trump鈥檚 administration, raising concerns about the affordability of care when it is most needed 鈥撀爄n the midst of a global pandemic. (Zac Anderson, 10/27)
If you were hoping that this was going to be the year of government action to lower prescription drug prices, I鈥檓 here to say that is not going to happen 鈥 even though the House of Representatives passed far-reaching legislation almost a year ago that would allow Medicare to begin negotiating drug prices for beneficiaries. Recall that the 2003 law that made possible a prescription drug benefit for seniors prohibits the government from negotiating with drug companies in order to lower prices. The Senate has not taken up the bill, and Congress will have to start over in the next session. (Trudy Lieberman, 10/21)
Democrats and Republicans alike can agree on one thing: prescription drug prices are unacceptably high. Predictably, however, we cannot seem to agree on a proper solution to this urgent issue. The Trump administration has, thankfully, kickstarted efforts and approved record numbers of generic drugs while simultaneously lowering overall prescription drug prices by 13 percent. It is our responsibility in Congress to keep this momentum going and establish permanent fixes to the current pharmaceutical pricing standards. Despite the efforts of Republicans to make bipartisan progress to reform the prescription drug standards, our Democrat colleagues refuse to collaborate. (Rep. Greg Steube, R-Fla., 10/26)
For decades, America has led in medical innovation, producing lifesaving cures and treatments for the world鈥檚 most debilitating diseases. Unfortunately, these treatments have come at too high a cost, forcing many Americans to choose between providing for our families or purchasing medication. Even during these hyper-partisan times in Washington, addressing the high cost of prescription drugs must rise above partisan politics; the health of too many Americans is at risk. (U.S. Rep. Scott Perry, R-Pa., 10/26)