Tag: drug prices
President Biden Faces Longstanding Challenge to Lower Insulin Prices. Will He Succeed?
President Biden seems comfortable using the executive branch’s power to push his agenda. As of February 2, 2021 (less than two weeks after taking office), he has signed 25 executive orders on issues ranging from environmental policy, racial equality, Covid-19 relief, and reinstating elements of the Affordable Care Act. While passing an unprecedented amount...
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Bernie Sanders Plans Trip to Windsor, Ontario, to Tout Canada’s Lower Drug Prices
Bernie Sanders failed to note that Canadians Frederick Banting and Charles Best invented insulin in the early 1920s. During his stay in Windsor, he might check out a few other realities. 
A Defense of “Big Bad Pharma”
Late last year Turing Pharmaceuticals provoked a serious backlash after hiking the price of the pill Daraprim from $13.50 to $750 per pill. The head of the company defended his firm against the criticism, but many found his arguments lacking. While we may question the overnight price jump of more than 5,400 percent, economics...
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Drug Companies’ Pricing Firewall Is Melting
A recent Kaiser Family Foundation Tracking Poll brings dire news for innovative drug companies: 83 percent of the survey’s respondents favor a policy “allowing the federal government to negotiate drug prices for Medicare beneficiaries.” That includes 93 percent of Democrats and 74 percent of Republicans. There is no point discussing the rationality of this...
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