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  • Business & Economics

    Business & Economics

    Pensions: The Case For Defined Contribution Retirement Plans

    Three problems, exemplified by the crises afflicting the public pension systems in Houston and Dallas, plague state and local pension systems across the country. First, state and local governments have only contributed 88 percent of the required annual contributions into their public pension funds between 2001 and 2015. In total, ...
    Business & Economics

    Lack Of Transparency In Public Contract Negotiations Would Lead To Higher Taxpayer Costs

    No state needs to reform the relationship that governments have with public-employee unions more than California. Yet lawmakers keep going in the wrong direction. Contract negotiations between government and the labor unions who represent the public employees should be transparent. Too often, both sides are working toward a common goal ...
    Business & Economics

    CAPITAL IDEAS: Time for Return to Reasonableness in Federal Land Grabs

    Download the Brief Nearly half of California isn’t actually California. It’s an extension of Washington, D.C. Almost 46 percent of the state’s land mass is owned by the federal government, according to the Congressional Research Service. This means business opportunities in virtually half of the state are greatly restricted. In ...
    Business & Economics

    Free Speech Can Improve Health Care Outcomes

    In a unanimous and bipartisan vote, Arizona’s legislature passed the Free Speech in Medicine Act, which was signed into law about two months ago. Passing anything with bipartisan support is noteworthy in today’s hyper-partisan environment. Passing a bill with such important and positive implications for patients, even if the law ...
    Business & Economics

    New Study Finds High Prescription Drug Costs Are Not Driving Up U.S. Healthcare Costs

    It’s easy for politicians and consumers to rage about the high price of prescription drugs, but Wayne Winegarden, Pacific Research Institute’s senior fellow in business and economics, said those prices are not to blame for the high cost of healthcare in the United States. Recently, U.S. Bernie Sanders has been ...
    Business & Economics

    Pharmacy Benefit Managers Add Cost To Healthcare, Impose Consumer And Market Burdens, Study Says

    Due to inefficiencies in the current regulatory framework, pharmacy benefit managers can add cost to the healthcare system and impose burdens on both consumers and market competition, according to a new study released by the Pacific Research Institute. PBMs — essentially middlemen who process prescription transactions, negotiate drug discounts and ...
    Business & Economics

    Government Should Leave Sharing Economy Alone

    Governments tend to target innovative industries that are too new to be regulated and single them out for punitive taxes and nasty abuse. As Art Laffer once put it, governments aren’t happy when business pioneers enjoy “success without the benevolent, guiding wisdom of” of the regulatory state. This was the ...
    Business & Economics

    Empower Patients, Not ICER

    An obscure institute that most people have never heard of threatens to impose unwarranted restrictions on medically-advised treatments for patients. The Institute for Clinical and Economic Review, or ICER as it is commonly known, assesses whether medicines are cost effective, based on ICER’s definition, of course. These assessments are intended ...
    Business & Economics

    It’s Time To Switch Our Pharmacy Benefit Manager

    Click here to read PRI’s new issue brief, The Economic Costs of Pharmacy Benefit Managers Express Scripts, the largest pharmacy benefit manager (PBM) in the nation, is discovering just how much customer service matters. It may also be discovering that suing your biggest customer in court is generally not considered ...
    Business & Economics

    Prevailing Wage Would Make California’s Housing Crisis Worse

    California has a grim housing problem and nearly everyone in the state, whether they have tried to buy or rent a home or not, is aware of it. Apparently, though, some in Sacramento haven’t noticed and hope to mix in more of the poison that created the crisis in the ...
    Business & Economics

    Pensions: The Case For Defined Contribution Retirement Plans

    Three problems, exemplified by the crises afflicting the public pension systems in Houston and Dallas, plague state and local pension systems across the country. First, state and local governments have only contributed 88 percent of the required annual contributions into their public pension funds between 2001 and 2015. In total, ...
    Business & Economics

    Lack Of Transparency In Public Contract Negotiations Would Lead To Higher Taxpayer Costs

    No state needs to reform the relationship that governments have with public-employee unions more than California. Yet lawmakers keep going in the wrong direction. Contract negotiations between government and the labor unions who represent the public employees should be transparent. Too often, both sides are working toward a common goal ...
    Business & Economics

    CAPITAL IDEAS: Time for Return to Reasonableness in Federal Land Grabs

    Download the Brief Nearly half of California isn’t actually California. It’s an extension of Washington, D.C. Almost 46 percent of the state’s land mass is owned by the federal government, according to the Congressional Research Service. This means business opportunities in virtually half of the state are greatly restricted. In ...
    Business & Economics

    Free Speech Can Improve Health Care Outcomes

    In a unanimous and bipartisan vote, Arizona’s legislature passed the Free Speech in Medicine Act, which was signed into law about two months ago. Passing anything with bipartisan support is noteworthy in today’s hyper-partisan environment. Passing a bill with such important and positive implications for patients, even if the law ...
    Business & Economics

    New Study Finds High Prescription Drug Costs Are Not Driving Up U.S. Healthcare Costs

    It’s easy for politicians and consumers to rage about the high price of prescription drugs, but Wayne Winegarden, Pacific Research Institute’s senior fellow in business and economics, said those prices are not to blame for the high cost of healthcare in the United States. Recently, U.S. Bernie Sanders has been ...
    Business & Economics

    Pharmacy Benefit Managers Add Cost To Healthcare, Impose Consumer And Market Burdens, Study Says

    Due to inefficiencies in the current regulatory framework, pharmacy benefit managers can add cost to the healthcare system and impose burdens on both consumers and market competition, according to a new study released by the Pacific Research Institute. PBMs — essentially middlemen who process prescription transactions, negotiate drug discounts and ...
    Business & Economics

    Government Should Leave Sharing Economy Alone

    Governments tend to target innovative industries that are too new to be regulated and single them out for punitive taxes and nasty abuse. As Art Laffer once put it, governments aren’t happy when business pioneers enjoy “success without the benevolent, guiding wisdom of” of the regulatory state. This was the ...
    Business & Economics

    Empower Patients, Not ICER

    An obscure institute that most people have never heard of threatens to impose unwarranted restrictions on medically-advised treatments for patients. The Institute for Clinical and Economic Review, or ICER as it is commonly known, assesses whether medicines are cost effective, based on ICER’s definition, of course. These assessments are intended ...
    Business & Economics

    It’s Time To Switch Our Pharmacy Benefit Manager

    Click here to read PRI’s new issue brief, The Economic Costs of Pharmacy Benefit Managers Express Scripts, the largest pharmacy benefit manager (PBM) in the nation, is discovering just how much customer service matters. It may also be discovering that suing your biggest customer in court is generally not considered ...
    Business & Economics

    Prevailing Wage Would Make California’s Housing Crisis Worse

    California has a grim housing problem and nearly everyone in the state, whether they have tried to buy or rent a home or not, is aware of it. Apparently, though, some in Sacramento haven’t noticed and hope to mix in more of the poison that created the crisis in the ...
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