Daily Policy Digest
|A Modest Proposal to Reduce the Price of EpiPens
Posturing politicians on Capitol Hill conducted a hearing, in which they grilled Heather Bresch, CEO of Mylan. N.V., which makes EpiPens. Prices of EpiPens have skyrocketed in the last few years. The politicians ignored a fundamental reform to the FDA's powers, which would quickly reduce prices of EpiPen, writes NCPA Senior Fellow John R. Graham...
|A Health Care Legacy Moonshot for Obama
President Obama has an opportunity to win a positive legacy in health care. Legislation modernizing the FDA, the 21st Century Cures Act, is being fumbled inches away from the Congressional end zone. Presidential leadership is needed, writes NCPA Senior Fellow John R. Graham...
|Hillary's Campaign to Lower Drug Costs Is a Downer No Happy Pill Can Fix
Drug prices have become a campaign issue accompanied by a plethora of bad ideas. Spending on prescription drugs has grown tremendously over the past few decades, mainly due to the increase in the number of diseases and conditions treated using drug therapy. The truth is: most drugs are dirt cheap! Only a small portion -- maybe 1 or 2 percent -- are rather costly, writes NCPA Senior Fellow Devon Herrick in a Townhall column...
|Medicare Accountable Care Organizations Continue to Underwhelm
Medicare's Accountable Care Organizations (ACOs), which launched in 2012, were supposed to introduce a significant shift away from paying for "volume" to paying for "value." If ACOs pass certain thresholds of cost and quality, they can pocket some of the savings. The 2015 results for Medicare's ACOs have been reported, and the results are underwhelming.
|Medical Prices Rose 10 Times More Than Non-Medical Prices in August
The Consumer Price Index rose 0.2 percent in August. Medical prices, however, continued their upward march, increasing by one full percent -- 10 times more than non-medical consumer goods and services. If prices for medical care had been flat, the CPI would have risen by just 0.1 percent, writes NCPA Senior Fellow John R. Graham...
|What Is A Health Insurance Market Where No Health Insurance Is Offered?
Obamacare is becoming a Zen philosophical riddle: What is a health insurance market where no health insurance is offered? Obamacare appears to be in a death spiral, with a shrinking pool of insurers offering coverage, far fewer individuals purchasing insurance than advocates had anticipated, and double-digit price increases making policies unaffordable, writes NCPA Senior Fellow John. R.Graham...
|EpiPen: A Case Study in Health Insurance Failure
EpiPen is a case study in how health insurance distorts our choices and increases their cost. I learned this by following an Internet advertisement for EpiPen down its rabbit hole. The ad induced me to download my "EpiPen Savings Card" which would ensure I paid nothing for my EpiPens, writes NCPA Senior Fellow John. R Graham...
|Do Transparency Tools Work in Health Care?
Encouraging workers to reduce unnecessary spending is all about creating the appropriate incentives, writes NCPA Senior Fellow Devon Herrick...
|Recent Rise In Health Coverage Due To Return of Jobs With Benefits
Over seventy percent of residents, age 18 to through 64, had private health insurance in the first quarter of this year, which is which is the same rate as persisted until 2006. Obamacare has not achieved a breakthrough in coverage. It has just restored us to where we were a decade ago. Further, the contribution of Obamacare’s exchanges to this is almost trivial, covering only four million people, writes NCPA Senior Fellow John R. Graham...
|EpiPen: A Case Study in What's the Matter with Health Care
Americans throw away unused epinephrine auto-injectors worth more than $1 billion annually. Or maybe it would be more accurate to say that Americans waste more than $1 billion annually on $50 million worth of epinephrine auto-injectors that are discarded unused. The devices should only cost $20 a pair. So, why do they cost $608 instead, writes NCPA Senior Fellow Devon Herrick...