Reducing Prescription Drug Costs Central to Administration Opening Bid on Medicare

By: Friday November 30, 2012 2:34 pm

Courtesy Think Progress, here’s a pretty good chart detailing the health program savings that were included in the White House’s opening bid on the fiscal slope. You can get this information from the White House’s FY2013 budget request. As you can see above, the plurality of the savings come from “Medicaid drug rebates for Part [...]

VP Debate: The Constrained Discussion on Social Insurance

By: Friday October 12, 2012 8:30 am

I think Dave Weigel highlights the right moment in last night’s Vice Presidential debate, on the subject of Medicare. Paul Ryan is most closely associated with that policy, and Biden was clearly briefed that Ryan would try to bamboozle his way through the question. So Biden cut off the ring and never let one lie [...]

Medicare Advantage Example Yields Lessons for Both Parties

By: Monday August 27, 2012 8:21 am

The substance of the Medicare debate in the 2012 election is completely at odds with the realities. The Romney campaign hammers away at the $716 billion in “Medicare cuts” imposed by the Affordable Care Act, designed to blunt a traditional Democratic advantage on the topic, as it did in 2010. So far this has worked; [...]

Rare Judicial Rulings Go Against Corporate Power

By: Friday July 27, 2012 12:22 pm

A couple judicial rulings recently actually went against corporate America in favor of consumers and residents, in such a rare fashion that I feel compelled to report on it. First, in Pennsylvania a state appellate court delivered what may be one of the first rulings against expanded hydraulic fracturing in a state with plenty of [...]

Prescription Drug Reimportation Amendment Fails Again in Senate

By: Thursday May 24, 2012 1:50 pm

The Senate has spent the day on a must-pass FDA bill that reauthorizes a user fee from drug companies to finance FDA operations, in addition to making other changes to how the FDA deals with drug shortages. The bill is primed for passage in the House, so if it can get through the Senate without [...]

Biologic Market Slips as Biosimilars Come to the Fore

By: Tuesday December 20, 2011 8:55 am

During the health care debate, this website focused on the biologics provisions in the law. Because of the influence of biotechnology companies, lawmakers pushed for an exemption of 12 years for the expensive drugs, during which time no generics could enter the market. In the final negotiations that got lowered to 10 years. In some [...]

Census’ Alternative Poverty Statistics Prove that Elderly Benefits Are Too Meager

By: Monday November 7, 2011 9:35 am

The US Census Bureau changed its formulation of poverty for the first time in over fifty years, taking into account reductions in the cost of food while including rising costs in health care, child care, housing and transportation. In addition, non-cash government aid like food stamps and tax credits were finally included in the formulation. [...]

Obama Executive Order Seeks Crackdown on Drug Shortages

By: Monday October 31, 2011 10:15 am

In the latest in a flurry of executive actions, the Obama Administration has directed the FDA and the Justice Department to reduce shortages in prescription drugs, a growing problem over the last decade. The order is being sold as part of the Administration’s “We Can’t Wait” campaign to push economic actions in the midst of [...]

Obama Administration Plans Round of Trans-Pacific Free Trade Agreement Talks

By: Thursday September 1, 2011 6:50 am

Jon Huntsman’s economic plan should dispel any rumors of his moderation. It eliminates the Earned Income Tax and the child tax credit to pay for a reduction of the top marginal tax rate to 23%. I don’t think I need to go any further. It’s a reverse-Robin Hood special. And he’s barely scraping past 1% [...]

Harkin, Reed Want to Take Medicare Off the Table in Debt Limit Negotiations

By: Friday June 3, 2011 8:30 am

In addition to promising not to cave on tax cuts for the rich, President Obama in his meeting with House Democrats also promised not to cave on Medicare, amid urging from the caucus. Kathy Hochul (D-NY), the newest member of Congress, stressed the importance of Medicare to her Congressional victory last week. And Nancy Pelosi [...]

FDA Reverses Exclusivity Policy for Pregnancy Drug After Enormous Price Hike

By: Thursday March 31, 2011 9:10 am

Time to mix in a good news story. A few weeks back, the Food and Drug Administration gave exclusive rights for a pregancy drug named Makena that prevented premature births to KV Pharmaceuticals. They promptly raised the price for Makena, which needs to be injected weekly between 16 and 36 weeks of pregnancy, from $10 [...]

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