Sen. Bill Cassidy says he's an 'optimist' that Congress will be able to hammer out a significant drug-price package by the end of the year
During lunch, Cassidy defended the measure as striking a balance between affordability and the ability and incentive to be innovative.During a panel discussion, the CMS administrator said she supports the effort to experiment with tying payments for drugs to how effective they perform. But Verma noted the tactic may lead to higher launch prices, adding “I think we should be cautious on this.”
“Manufacturers, if they understand that we’re going to give you a discount if the drug didn’t work or you don’t have to pay if the drug didn’t work, then that gets built into the base cost of the drug,” Verma said.of the idea of letting Medicare directly negotiate drug prices, saying that she believes the private sector is better positioned to more swiftly act on controlling costs.
Pulse noted that House Democrats' bill would specifically empower the HHS secretary to negotiate on drug prices and asked if Verma didn't trust Alex Azar to effectively negotiate. "I don't think we should put that much power and authority in the hands of government," Verma responded.Roy, the president of Foundation for Research on Equal Opportunity and an influential conservative on health policy, poked holes in one emerging attack on House Democrats' bill.
But "it's almost certain that if there were fewer drugs developed, it would be the least innovative drugs that were abandoned," Roy told Pulse. He noted that industry could still see massive profits: "The returns on a successful drug are still massive even at 2015 prices instead of 2020 prices."A panel of trauma surgeons and emergency physicians wrestled with the ongoing epidemic of gun deaths, ranging from suicides to mass shootings.
Mallory Williams, trauma chief at Howard University Hospital, discussed how he treats victims of gun violence while owning both a handgun and an assault rifle himself. Williams also said he tried to save the life of a 19-year-old who was killed last month, a shooting that
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