Health Care Innovation

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U.S. Pharmaceutical Spending Is Below Average?

For the 30 nations that comprise the Organization for Economic Cooperation and Development (OECD), which promotes policies to improve the well-being of people around the world, pharmaceutical spending comprised, on average, 16.9 percent of total health care spending as of 2015. The OECD defines pharmaceutical spending as the expenditures on ...
Commentary

Piecemeal Repeal Is The Least Bad Obamacare Option

The demise of the Senate’s “skinny” repeal of Obamacare may be a blessing in disguise. Nobody should have mistaken that measure for genuine repeal of the Affordable Care Act — much less for the free-market healthcare reform that most of the GOP has long clamored for. Yet the collapse of ...
Business & Economics

Obstacles To Cutting Edge Cancer Treatments

Disincentives plague the U.S. health care system, driving costs higher and the quality of care lower. Improving health outcomes requires reforms that remove these disincentives. With respect to health insurers, this means returning payers to their proper role of providing effective risk management services to patients. In contrast to other ...
Business & Economics

Rising Regulatory Burdens, Declining Health Outcomes

Tweaks do not turn bad regulatory proposals into good ones. Yet, with only minor modifications, Congress is once again considering the CREATES Act (Creating and Restoring Equal Access to Equivalent Samples Act of 2017), and its close cousin, the FAST Act (Fair Access for Safe and Timely Generics Act of ...
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

Drug Importation Will Not Improve Health Care Affordability

The growing problem of health care affordability requires prompt and effective policy solutions. However, just as the wrong medical diagnosis will not cure a patient, and may make the patient even sicker, the wrong policy solution will not address the U.S. health care affordability problem, and may even worsen the ...
Business & Economics

New PRI Study Finds That High Prescription Drug Costs Are Not Driving Up U.S. Health Care Costs

A more realistic evaluation of U.S. prescription drug prices shows that high drug prices are not actually driving up health care costs overall, and reflect the higher U.S. health care costs compared to the rest of the world, according to a new report released today by the Pacific Research Institute. ...
Drug Innovation

ISSUE BRIEF: Nevada Proposal To Regulate Excess Costs Are Price Controls By Another Name

Click here to download a copy of PRI’s Issue Brief Senate Bill 265 would require pharmaceutical firms to reimburse insurers for any “excess costs” associated with drugs for diabetes, which are defined as the excess costs over the highest price in other developed countries. The Fiscal Notes on SB 265 ...
Commentary

The Good, The Bad, And The NICE: A Cautionary Tale For Government Negotiation

One of the cornerstones of Great Britain’s National Health Service is an agency that approves and controls access to prescription drugs, the National Institute for Health and Care Excellence. NICE recently announced a new policy that could delay and restrict access to new medicines for British citizens if the agency ...
California

Single Payer Is Fool’s Gold For California

While the latest Republican attempt to repeal and replace ObamaCare may have failed, Democrats in California and in D.C. are just getting started in their effort to eliminate the health law. Unfortunately, they’re angling to replace ObamaCare with something even worse. In California, State Senators Ricardo Lara and Toni Atkins ...
Blog

U.S. Pharmaceutical Spending Is Below Average?

For the 30 nations that comprise the Organization for Economic Cooperation and Development (OECD), which promotes policies to improve the well-being of people around the world, pharmaceutical spending comprised, on average, 16.9 percent of total health care spending as of 2015. The OECD defines pharmaceutical spending as the expenditures on ...
Commentary

Piecemeal Repeal Is The Least Bad Obamacare Option

The demise of the Senate’s “skinny” repeal of Obamacare may be a blessing in disguise. Nobody should have mistaken that measure for genuine repeal of the Affordable Care Act — much less for the free-market healthcare reform that most of the GOP has long clamored for. Yet the collapse of ...
Business & Economics

Obstacles To Cutting Edge Cancer Treatments

Disincentives plague the U.S. health care system, driving costs higher and the quality of care lower. Improving health outcomes requires reforms that remove these disincentives. With respect to health insurers, this means returning payers to their proper role of providing effective risk management services to patients. In contrast to other ...
Business & Economics

Rising Regulatory Burdens, Declining Health Outcomes

Tweaks do not turn bad regulatory proposals into good ones. Yet, with only minor modifications, Congress is once again considering the CREATES Act (Creating and Restoring Equal Access to Equivalent Samples Act of 2017), and its close cousin, the FAST Act (Fair Access for Safe and Timely Generics Act of ...
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

Drug Importation Will Not Improve Health Care Affordability

The growing problem of health care affordability requires prompt and effective policy solutions. However, just as the wrong medical diagnosis will not cure a patient, and may make the patient even sicker, the wrong policy solution will not address the U.S. health care affordability problem, and may even worsen the ...
Business & Economics

New PRI Study Finds That High Prescription Drug Costs Are Not Driving Up U.S. Health Care Costs

A more realistic evaluation of U.S. prescription drug prices shows that high drug prices are not actually driving up health care costs overall, and reflect the higher U.S. health care costs compared to the rest of the world, according to a new report released today by the Pacific Research Institute. ...
Drug Innovation

ISSUE BRIEF: Nevada Proposal To Regulate Excess Costs Are Price Controls By Another Name

Click here to download a copy of PRI’s Issue Brief Senate Bill 265 would require pharmaceutical firms to reimburse insurers for any “excess costs” associated with drugs for diabetes, which are defined as the excess costs over the highest price in other developed countries. The Fiscal Notes on SB 265 ...
Commentary

The Good, The Bad, And The NICE: A Cautionary Tale For Government Negotiation

One of the cornerstones of Great Britain’s National Health Service is an agency that approves and controls access to prescription drugs, the National Institute for Health and Care Excellence. NICE recently announced a new policy that could delay and restrict access to new medicines for British citizens if the agency ...
California

Single Payer Is Fool’s Gold For California

While the latest Republican attempt to repeal and replace ObamaCare may have failed, Democrats in California and in D.C. are just getting started in their effort to eliminate the health law. Unfortunately, they’re angling to replace ObamaCare with something even worse. In California, State Senators Ricardo Lara and Toni Atkins ...
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