KEY TAKEAWAY: President Donald Trump is contemplating a new strategy to get repeal of the Affordable Care Act through Congress: threatening to torpedo insurance for millions of Americans unless Democrats agree to negotiate with him. And the silence from pharma executives is once again deafening. Continue reading
KEY TAKEAWAY: While Democrats and Republicans unite in the fight against high drug prices the fact remains that our healthcare costs are going to continue to increase even if ALL prescription drugs were free. Continue reading
KEY TAKEAWAY: Americans are really stressed about their healthcare and they believe nobody is listening to their concerns. It’s causing some to stay in jobs they dislike because of the health coverage while causing others to spend more time online looking at healthcare treatment options when it comes to cost. Continue reading
OK, I get it. Prescription drug prices are too high, but before we send out a lynching party, perhaps we had better look at the real reason healthcare in America costs us too much.
KEY TAKEAWAY: Vertex received approval for a new two-drug therapy called Orkambi, designed to treat 8,500 cystic fibrosis patients over the age of 12 who have the most common mutation for this disease. Vertex has priced this drug at $259,000 per patient annually and, not surprisingly, many are outraged. One patient said ““It’s egregious, this is more than five times the annual salary of the average American family. How can they in good conscience charge that much? Continue reading
KEY TAKEAWAY: Oncologists have been very vocal about the cost of cancer drugs, but what about the cost of flying to Hawaii and staying at a resort? Even though they may be paying for it it still can be considered a “business expense” and can be written off. Continue reading
KEY TAKEAWAY: Although Mr Trump has caved to pharma it would be a huge mistake for pharma companies to think they have won the battle. This battle is not going to end and is going to continue to heat up until it results in action. Continue reading