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Morning Briefing

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Wednesday, Nov 4 2020

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Perspectives: Price Transparency; Trump's Socialized Medicine; And More

Read recent commentaries about drug-cost issues.

It is official that health insurance companies across the nation will soon be mandated to disclose the real prices of their covered medical treatments and procedures. The new rule marks a huge step forward in medical price transparency and is estimated to assist over 200 million Americans. Health Secretary Alex Azar said Americans have to be 鈥渁ble to work with their doctor to decide on the health care that makes sense for them鈥 and that 鈥渢hose conversations cannot take place in a shadowy system where prices are hidden.鈥 Americans will garner 鈥渧astly more control over their care鈥 with lower costs and more choices promised by the president. (Robert Moffit, 11/2)

On Wednesday, the Trump administration announced it will spend $375 million in taxpayer funds to purchase 300,000 doses of an experimental coronavirus antibody drug from pharmaceutical giant Eli Lilly & Co. ... Just a few things to consider here. This pledge of $375 million in government funding comes days after Lilly said it was ending a study of the new drug after 鈥渢rial data鈥 revealed the drug, bamlanivimab, 鈥渋s unlikely to help hospitalized COVID-19 patients recover from this advanced stage of their disease.鈥 You read that right. It may not work. (David Lazarus, 10/29)

The COVID-19 pandemic continues to create serious challenges for every Nebraskan in every community across our state. Our safety-net hospitals, with their health care providers, have provided heroic care for Nebraskans stricken by the virus, saved many lives and protected their communities from harm. As COVID-19 hit our communities, we postponed elective procedures to preserve PPE, create bed capacity and ventilator availability. While the resultant lost revenue was significant, our hospitals did the right thing and responded quickly to prepare for those with COVID-19 requiring hospitalization. One way hospitals have been able to weather the serious financial impact of COVID-19 is the 340B Drug Pricing Program. (Harris Frankel and Olivia Little, 10/29)

Over the past year we have probably seen more news articles about prescription drugs than in the previous ten years combined. The reason, of course, is Covid-19. The trouble is that most articles about drugs used to treat Covid tend to raise more questions than they answer. Here are some questions that struck me, reading through daily newspapers. (John C. Goodman, 10/28)

Arkansas continues to be hammered by covid-19, but it seems the big drug manufacturers, for some ill-conceived reason, have chosen this time to attack a prescription drug program that benefits thousands of low-income Arkansans. Our society demands quality, dependable health care now more than ever. People shouldn鈥檛 stress over affording their prescriptions. (LaShannon Spencer, 10/30)

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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