Wayne Winegarden
Business & Economics
New Medicare Price Controls Don’t Put America First
Health and Human Services Secretary Alex Azar just released a sweeping proposal that would drastically change how Medicare pays for advanced cancer therapies and other potent medicines. The plan relies on foreign price controls to reduce drug spending by $17 billion over five years. Although drug spending may decline, as ...
Business & Economics
The Law of Unintended Consequences: The Case of Proxy Advisory Firms
The SEC requires all institutional investors to vote on all matters put forth in proxy statements, or the measures voted on during shareholder meetings. For most institutional investors, keeping up with all of these issues is not feasible, so they turn to proxy advisory firms. Proxy advisory firms help institutional ...
Blog
Does President Trump Favor Price Controls?
At 2 pm Eastern time today, President Trump spoke at the Department of Health and Human Services where he recommended a litany of policies that would ultimately impose price controls on the pharmaceutical market. Take his proposal to force the prices paid by Medicare for drugs administer in doctors’ offices ...
Business & Economics
Repeal the Medical Device Tax
Rarely is there bipartisan agreement that a tax cut won’t cost the federal government money. But, in the case of the medical device tax (a 2.3 percent tax on medical devices and products that was passed as part of the Affordable Care Act) this is true by definition because the ...
Business & Economics
The benefits of repealing the medical device tax
As part of the Affordable Care Act, a 2.3 percent tax on medical devices and products was passed. The tax was levied on devices such as pacemakers, advanced imaging technologies (Cat Scan, MRI and ultrasound equipment), artificial joints, surgical gloves, and dental instruments. Devices that the public generally buys for ...
Commentary
Requiring That Drug Advertisements Include List Prices Promotes Misinformation
The largest problems in the health care industry are often created by reformers envisioning themselves as free market saviors, when in reality they are merely advocates for more intrusive government regulations. The Trump administration’s proposal to require that drug advertisements include the medicine’s list price is such an example. On its face, ...
Commentary
Free-market Environmentalism
Many of you may be unaware, but this past week was National Clean Energy Week. And, while many economically harmful policies have been proposed in pursuit of clean, efficient, and cost-effective renewable energy, the goal is worthwhile. It just matters how we get there. The Clean Capitalist Coalition (full disclosure, I participate in ...
Blog
Why the Two Orders? Freezing CAFE standards was the correct policy
The Environmental Protection Agency (EPA) has proposed freezing CAFE standards at the 2020 levels of 37 mpg. While a bit of a non sequitur, this freeze is reminiscent of the climactic scene from the 1992 film A Few Good Men. For those of you who missed the movie, or just ...
Business & Economics
The Opportunity Created by California’s Overly-Generous Public Pensions
Americans are facing two very different pension outlooks. Most private sector workers contribute to 401(k) plans (which are often matched by employers), and rely on investments, savings, and Social Security for their retirement. But, their savings is inadequate. According to a 2018 survey by Northwestern Mutual, 33 percent of Baby Boomers ...
Business & Economics
CAFE Standards versus Public Opinion
Calls for stricter environmental mandates contradict the broad public consensus on global warming. According to a 2018 report by the Yale Program on Climate Change Communication, seven out of ten Americans believe global warming is happening and six out of ten say they are at least “somewhat worried”. Other polls differ ...
New Medicare Price Controls Don’t Put America First
Health and Human Services Secretary Alex Azar just released a sweeping proposal that would drastically change how Medicare pays for advanced cancer therapies and other potent medicines. The plan relies on foreign price controls to reduce drug spending by $17 billion over five years. Although drug spending may decline, as ...
The Law of Unintended Consequences: The Case of Proxy Advisory Firms
The SEC requires all institutional investors to vote on all matters put forth in proxy statements, or the measures voted on during shareholder meetings. For most institutional investors, keeping up with all of these issues is not feasible, so they turn to proxy advisory firms. Proxy advisory firms help institutional ...
Does President Trump Favor Price Controls?
At 2 pm Eastern time today, President Trump spoke at the Department of Health and Human Services where he recommended a litany of policies that would ultimately impose price controls on the pharmaceutical market. Take his proposal to force the prices paid by Medicare for drugs administer in doctors’ offices ...
Repeal the Medical Device Tax
Rarely is there bipartisan agreement that a tax cut won’t cost the federal government money. But, in the case of the medical device tax (a 2.3 percent tax on medical devices and products that was passed as part of the Affordable Care Act) this is true by definition because the ...
The benefits of repealing the medical device tax
As part of the Affordable Care Act, a 2.3 percent tax on medical devices and products was passed. The tax was levied on devices such as pacemakers, advanced imaging technologies (Cat Scan, MRI and ultrasound equipment), artificial joints, surgical gloves, and dental instruments. Devices that the public generally buys for ...
Requiring That Drug Advertisements Include List Prices Promotes Misinformation
The largest problems in the health care industry are often created by reformers envisioning themselves as free market saviors, when in reality they are merely advocates for more intrusive government regulations. The Trump administration’s proposal to require that drug advertisements include the medicine’s list price is such an example. On its face, ...
Free-market Environmentalism
Many of you may be unaware, but this past week was National Clean Energy Week. And, while many economically harmful policies have been proposed in pursuit of clean, efficient, and cost-effective renewable energy, the goal is worthwhile. It just matters how we get there. The Clean Capitalist Coalition (full disclosure, I participate in ...
Why the Two Orders? Freezing CAFE standards was the correct policy
The Environmental Protection Agency (EPA) has proposed freezing CAFE standards at the 2020 levels of 37 mpg. While a bit of a non sequitur, this freeze is reminiscent of the climactic scene from the 1992 film A Few Good Men. For those of you who missed the movie, or just ...
The Opportunity Created by California’s Overly-Generous Public Pensions
Americans are facing two very different pension outlooks. Most private sector workers contribute to 401(k) plans (which are often matched by employers), and rely on investments, savings, and Social Security for their retirement. But, their savings is inadequate. According to a 2018 survey by Northwestern Mutual, 33 percent of Baby Boomers ...
CAFE Standards versus Public Opinion
Calls for stricter environmental mandates contradict the broad public consensus on global warming. According to a 2018 report by the Yale Program on Climate Change Communication, seven out of ten Americans believe global warming is happening and six out of ten say they are at least “somewhat worried”. Other polls differ ...
