Wayne Winegarden
California
The Perils of Regulating Drugs by Sound Bite
There is a legal adage that “hard cases make bad law.” California may soon rediscover this wisdom. Assembly member Jim Wood has introduced a bill (AB 824) with the intention of discouraging “pay-for-delay” tactics. “Pay-for-delay” practices refer to a situation when a manufacturer of a patented drug pays the manufacturer ...
Commentary
Pharmaceutical Rebates — Keeping The Right Score
Sometimes the important reforms are those that address the mundane details. The Administration’s proposed changes to how pharmaceutical rebates are paid fall into this category. While far from a panacea, this reform could meaningfully improve the pharmaceutical market. For this reason, the Congressional Budget Office’s (CBO) just released “budget score“ on ...
Commentary
Price Controls by Another Name
The costs of medicines continue to dominate the headlines, attracting the attention of Congress and the Trump Administration. Reforms are necessary, but many of the reforms under consideration will make the situation worse. Indexing U.S. prices to the prices in other countries that use price controls, or using third-party arbitration ...
Business & Economics
Control Spending To Grow The Economy
Milton Friedman used to say, “keep your eye on one thing and one thing only: how much government is spending because that’s the true tax”. Judged against this criterion, despite the recent tax reforms, the U.S. economy is still taxed too much. At the federal level, Congress recently passed another ...
Business & Economics
Reform Payment Models to Encourage Gene Therapies
Gene therapies are transformative treatments that fundamentally differ from traditional medical and pharmaceutical options because they modify a patient’s DNA in order to address the genetic causes of diseases. These therapies have the potential to dramatically improve the lives of millions of Americans living with life-threatening or life-altering diseases. Since ...
Business & Economics
To reduce inequality, lawmakers must end government-created burdens to entrepreneurship
Many Sacramento lawmakers have named reducing poverty and economic inequality among their top priorities this session. They have unveiled a variety of proposals to address these issues, most center around new government programs, increased state spending, and new mandates. As history has shown, bigger government usually doesn’t solve the problem. ...
Business & Economics
Reinvigorating Entrepreneurship Is Key to America’s Economic Future
Even during times of strong job and economic growth, as we’re experiencing today, economists are looking for warning signs about future economic distress – after all, it is called the “dismal science”. The fact that entrepreneurship is declining in the United States, and has been for some time, is one ...
Business & Economics
Price Controls Are Never The Answer
Senator Rick Scott (R-FL) has just doubled down on one of the Trump Administration’s unsound ideas. His proposal is disappointing for many reasons, particularly because Alex Azar, Secretary of Health and Human Services, has proposed an alternative reform that, if Congress implemented, would meaningfully improve the affordability of prescription drugs ...
Climate Change
Green New Deal would cause a new Depression
Democrat firebrands Rep. Alexandria Ocasio-Cortez and Sen. Ed Markey just unveiled their “Green New Deal,” a multi-trillion-dollar effort to overhaul the energy industry and slash America’s net greenhouse gas emissions to zero within a decade. The legislation’s title is fitting. The original New Deal failed to create jobs and actually ...
Blog
We Need to Budget for Growth
Spring is in the air, which of course means it’s time to start thinking about the federal budget. Our latest Beyond the New Normal analysis examined what it would take to transform our current unaffordable federal budget. And while it would take political discipline and courage beyond what current leadership ...
The Perils of Regulating Drugs by Sound Bite
There is a legal adage that “hard cases make bad law.” California may soon rediscover this wisdom. Assembly member Jim Wood has introduced a bill (AB 824) with the intention of discouraging “pay-for-delay” tactics. “Pay-for-delay” practices refer to a situation when a manufacturer of a patented drug pays the manufacturer ...
Pharmaceutical Rebates — Keeping The Right Score
Sometimes the important reforms are those that address the mundane details. The Administration’s proposed changes to how pharmaceutical rebates are paid fall into this category. While far from a panacea, this reform could meaningfully improve the pharmaceutical market. For this reason, the Congressional Budget Office’s (CBO) just released “budget score“ on ...
Price Controls by Another Name
The costs of medicines continue to dominate the headlines, attracting the attention of Congress and the Trump Administration. Reforms are necessary, but many of the reforms under consideration will make the situation worse. Indexing U.S. prices to the prices in other countries that use price controls, or using third-party arbitration ...
Control Spending To Grow The Economy
Milton Friedman used to say, “keep your eye on one thing and one thing only: how much government is spending because that’s the true tax”. Judged against this criterion, despite the recent tax reforms, the U.S. economy is still taxed too much. At the federal level, Congress recently passed another ...
Reform Payment Models to Encourage Gene Therapies
Gene therapies are transformative treatments that fundamentally differ from traditional medical and pharmaceutical options because they modify a patient’s DNA in order to address the genetic causes of diseases. These therapies have the potential to dramatically improve the lives of millions of Americans living with life-threatening or life-altering diseases. Since ...
To reduce inequality, lawmakers must end government-created burdens to entrepreneurship
Many Sacramento lawmakers have named reducing poverty and economic inequality among their top priorities this session. They have unveiled a variety of proposals to address these issues, most center around new government programs, increased state spending, and new mandates. As history has shown, bigger government usually doesn’t solve the problem. ...
Reinvigorating Entrepreneurship Is Key to America’s Economic Future
Even during times of strong job and economic growth, as we’re experiencing today, economists are looking for warning signs about future economic distress – after all, it is called the “dismal science”. The fact that entrepreneurship is declining in the United States, and has been for some time, is one ...
Price Controls Are Never The Answer
Senator Rick Scott (R-FL) has just doubled down on one of the Trump Administration’s unsound ideas. His proposal is disappointing for many reasons, particularly because Alex Azar, Secretary of Health and Human Services, has proposed an alternative reform that, if Congress implemented, would meaningfully improve the affordability of prescription drugs ...
Green New Deal would cause a new Depression
Democrat firebrands Rep. Alexandria Ocasio-Cortez and Sen. Ed Markey just unveiled their “Green New Deal,” a multi-trillion-dollar effort to overhaul the energy industry and slash America’s net greenhouse gas emissions to zero within a decade. The legislation’s title is fitting. The original New Deal failed to create jobs and actually ...
We Need to Budget for Growth
Spring is in the air, which of course means it’s time to start thinking about the federal budget. Our latest Beyond the New Normal analysis examined what it would take to transform our current unaffordable federal budget. And while it would take political discipline and courage beyond what current leadership ...
