Morning Briefing
Summaries of health policy coverage from major news organizations
Perspectives: Trump Is Trying To Fix A Wheel That (For The Most Part) Isn't Broken
Dear President Trump: During your speech to Congress last week, you took a whack at the Food and Drug Administration for its 鈥渟low and burdensome鈥 approach toward approving medicines. You then suggested聽that if 鈥渨e slash the restraints鈥 on the agency, Americans will be blessed with more miracle cures. To be sure, the FDA is not infallible. Like any institution, the agency is a collection of people who sometimes make mistakes or exercise poor judgment. And the public is right to demand more new medicines more quickly. (Ed Silverman, 3/6)
The health-care goals President Donald Trump mentioned in his address to聽a joint session of Congress Tuesday night were聽a high-water mark for policy specificity from this president. But that mark was a low bar. The lack of detail was still glaring, and Trump either skirted the alligators lurking in the morass of Affordable Care Act repeal and replacement, or just poked them with a long stick. The process remains as chaotic as ever. That's a threat to health insurers who focus narrowly on government programs. It may also hurt those who don't. (Max Nisen, 3/1)
Over the last decade, private employers from Boeing to Xerox have led the nation in developing innovative strategies for delivering better health at less cost. Whatever the Trump administration and Congress decide to do about the Affordable Care Act in 2017, this business role won鈥檛 鈥 and shouldn鈥檛 鈥 change. In fact, it should expand, especially if employers are bold enough to ask the administration to roll back outdated regulations that prevent employers, insurers, and drug companies from linking drug prices to real-world health outcomes. (Paul Howard and Lauren Pickering, 3/3)
There is no shortage of outrageous examples of medication price hikes by pharmaceutical companies. Take your pick (and swallow with a full glass of water): 鈥淧harma Bro鈥 Martin Shkrelli, who jacked the price of a drug used to treat patients with malaria and HIV by 5,000 percent; Mylan, which raised the price of its EpiPen auto-injector for life-threatening allergy attacks to $365 for a generic drug that normally costs a dollar a dose; and more recently drugmaker Kaleo, which has increased the price for a two-pack of its 鈥渢alking鈥 Naloxone auto-injector 鈥 used to halt opioid overdoses 鈥 from $690 in 2014 to $4,500 today. (3/3)
Pharma Bro is back. In this case, it鈥檚 not a disgraced pharmaceutical executive but a drug firm looking to sell a life-saving drug for $89,000 a year, even though it鈥檚 available from overseas for less than $2,000. It鈥檚 an example of whipsawing drug prices that are infuriating both Democrats and Republicans and leading major pharmaceutical firms to promise to curb prescription drug costs... The pressure is building in ways that could produce sweeping changes in drug pricing. (3/1)
The story in the Sunday Journal Star, 鈥淪worn to secrecy, drugstores stay silent as customers overpay,鈥 cited examples in other states, but the same thing is happening in Nebraska. It鈥檚 a nationwide problem. At the heart of the controversy is the giant pharmacy benefit management industry -- perhaps the largest industry of which you have never heard, even though it has companies that are larger than some household names like Pepsi, Coca-Cola and Boeing. (3/3)
Roche Holding AG's blockbuster cancer drugs face a huge聽impending sales decline in the next few years. Its investors aren't worried. The company's ADRs聽spiked as much 6.8 percent on Thursday, in response to positive trial data for a combination of Herceptin -- one of those big blockbusters -- and a newer drug called Perjeta. (Max Nisen, 3/2)