Latest Drugwonks' Blog
From the Lou Dobbs program, Thursday, August 20th, 2009:
DOBBS: Tonight the Obama administration working feverishly to set the record straight on what it calls myths about government-led health care. As Ines Ferre reports, however, the president insisting the insured will be able to keep their plans and their doctors just might not be the case.
(BEGIN VIDEOTAPE)
INES FERRE, CNN CORRESPONDENT (voice-over): It's come up in a number of town hall meetings on health care. The concern that if given the choice between a government plan and a private plan, many employers would choose a federal one assuming it's less expensive. President Obama and Democrats have gone through great pains to reassure Americans they can keep seeing their doctor.
OBAMA: If you like your health care plan, you can keep your health care plan. This is not some government takeover. If you like your doctor, you can keep seeing your doctor.
FERRE: Not true for everyone says FactCheck.org. Under the House bill, some employers may have to modify plans after a five-year grace period if they don't meet minimum benefit standards. Also some employers are likely to buy different coverage for their workers or drop coverage and pay a penalty instead, in which case workers would have to buy their own private insurance or go on a federal plan. The FactCheck.org analysis describes the legislation as a moving target with projections of how many would switch to federal plans ranging from near zero to as much as 56 percent of all covered workers. Peter Pitts worked for the FDA during the Bush administration.
PETER PITTS, CENTER FOR MEDICINE IN THE PUBLIC INTEREST: You may not be able to keep the plan that you've got because that plan may cease to exist. You may not be able to go see the doctor that you've always seen because your insurance plan may have changed. So when the president says definitely you can keep your doctor, when members of Congress say definitely you can keep your insurance plan. They're just guessing.
The complete Lou Dobb segment can be found here.
The 8th U.S. Circuit Court of Appeals has rejected
In its ruling, the 8th Circuit noted that the
That’s unfortunate since it will lead to
"
So there is preemptive authority when it comes to pricing – but their isn’t preemptive authority when it comes to safety? An unfortunate allegory akin to health reform really being abot cost containment rather than patient care.
The complete story can be found here.
Who is one of the major players driving this investigation? None other than Henry Waxman, Chairman of the House Energy and Commerce Committee.
How? By adhering to free market principles. The success of Part D is due to its uniquely American hybrid nature. The federal government partnered with the pharmaceutical and insurance industries to offer senior citizens healthcare choice via free market competition. Rather than a one-size-fits-all government plan, Part D offers dozens of private sector plans offering Medicare-eligible Americans various options that best suit their personal healthcare situations. Uncle Sam doesn't design the programs or process the claims or dictate the formularies. Uncle Sam writes the check and sets the ground rules so that everyone has access to the medicines they need. And the same can happen for access to health insurance - but only when we purge ourselves of the notion of the "essential nature" of a "public" plan.
As it is today.
According to a story in today’s Financial Times, Search engines pressed over drug ads policy,
“Pressure is building on the major US search engines to stop showing advertising from overseas drug sellers that deliver potentially counterfeit and dangerous products to consumers in violation of federal laws. The US Drug Enforcement Administration and the Food and Drug Administration are concerned that the practice is continuing despite the deaths of consumers who ordered drugs without examination by a doctor.”
It was the right thing to do in 2004 and it’s the right thing to do now.
- The private sector has been slowly funding less and less of the total national health expenditures; as of 2007 less than 54 percent of total national health care expenditures are paid for by the private sector.
- Reciprocally, the public sector has been slowly funding more and more of the total national health expenditures; as of 2007 public expenditures at the federal and state levels now fund nearly one-half of the total health care expenditures in the U.S.
- Total out-of-pocket expenditures have been plummeting as a share of total health expenditures at an even faster rate; today only a bit more than $1 out of every $10 spent on health care is being funded by individuals through out-of-pocket expenditures.
In keeping with President Obama’s request that patriotic Americans call out those who are spreading misleading information about healthcare reform, I must call out none other than New York Times columnist, Bob Herbert.
In his column today, “This is Reform?”,
A few points of clarification.
First of all, the net annual profit of the top 20 innovator pharmaceutical companies is about $110 billion. Anyone who pays taxes knows the difference between gross and net, so it’s not unfair to ask if Mr. Herbert was trying to be purposefully misleading.
Second, that same industry invests $60 billion a year in research and development. A fact entirely absent from Mr. Herbert’s analysis.
And, finally, Mr. Herbert omits the fact that on-patent pharmaceuticals represent about only 8% of our entire national healthcare spend. 8 cents on the healthcare dollar.
Madame Defarge, take note and keep knitting.
Center for Medicine in the Public Interest is a nonprofit, non-partisan organization promoting innovative solutions that advance medical progress, reduce health disparities, extend life and make health care more affordable, preventive and patient-centered. CMPI also provides the public, policymakers and the media a reliable source of independent scientific analysis on issues ranging from personalized medicine, food and drug safety, health care reform and comparative effectiveness.
