Tag: pharmaceuticals

EpiPen Pricing Controversy Reveals Ignorance about Market Competition »

Increased competition is the remedy to skyrocketing drug prices.

Don’t Be Fooled by Misleading Rhetoric on Medicare Payment Reform »

A few weeks ago, Medicare proposed a pilot program to test a new way to pay doctors who inject drugs. Cancer is the big kahuna, cost-wise, when it comes to injected drugs. Medicare payment policy leads to certain industry practices to profit from the status quo. When the status quo is threatened, the “preservatives”…
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Trumped on Health Care! »

Donald Trump does not want Chinese goods or Mexican workers to come into America. However, there appears to be one set of items he wants to cross our border, according to his Healthcare Plan to Make America Great Again: Remove barriers to entry into free markets for drug providers that offer safe, reliable and…
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The Decline in R&D Efficiency in the Drug Industry »

Panel “a” in the graphic below shows that the number of new drugs approved by the U.S. Food and Drug Administration (FDA) per billion U.S. dollars spent on research and development (R&D) in the drug industry has halved about every nine years since 1950, in inflation-adjusted terms. This represents a decline in drug R&D…
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