New Issue Brief: Biopharma Drug Makers Are Not the Most Profitable Players in Health Care
A new issue brief released by the Center for Medical Economics and Innovation at the nonpartisan Pacific Research Institute finds that innovative drug manufacturers earn some of the lowest risk-adjusted returns in the U.S. health care system, despite making the ...
Watch PRI’s interview with Rick Caruso – one year after the wildfires
In this special Free Cities Center interview, Rick Caruso – founder and executive chairman of Caruso, longtime civic and philanthropic leader in Los Angeles and former mayor candidate – discusses LA’s rebuilding efforts one year after the wildfires. He shares ...
Competition Begets Better Banking Data Than Regulation
As it works to determine how to safeguard the sharing of and access to consumer financial data, the Consumer Financial Protection Bureau (CFPB) faces a clear choice. It can allow market-based frameworks developed by the private sector to continue evolving, ...
Deficits may save cities from democratic socialist pipedreams
Deficits may save cities from democratic socialist pipedreams By Sarah Downey | January 23, 2026 In New York City, the newly elected mayor, democratic socialist Zohran Mamdani, has pledged to make free or subsidize everything from rent to groceries, straining ...
Newsom budget expands green subsidies taxpayers can’t afford
California is staring at a $3 billion budget deficit, but Gov. Gavin Newsom still wants to spend $200 million on electric vehicle rebates. It’s both a foolish gesture and a graphic example of why Sacramento can’t get spending under control. ...
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How can we make drugs more affordable without sacrificing future cures?
How can we make drugs more affordable without sacrificing future cures? To a large extent, the current system works fairly well already to make most ...
Medicare for All remains a disaster proposition
Medicare for All is poised for a comeback. Earlier this month, Rep. Pramila Jayapal (D-WA), the former head of the Congressional Progressive Caucus, released polling ...
Do price controls affect which drugs patients have access to and how soon?
Do price controls affect which drugs patients have access to and how soon? They absolutely do. Just look at the situation in Europe. For years, ...
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The Pacific Research Institute for Public Policy promotes the principles of individual freedom and personal responsibility. The Institute believes these principles are best encouraged through policies that emphasize a free economy, private initiative, and limited government.
Worthy policy goals with such broad impact are not easily attained, and they require sustained effort and struggle. Together with its alliance of dedicated supporters, PRI is committed to leading the way toward a more free and prosperous future for all.
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If California is an economic powerhouse, then where are the jobs?