Posts filed under Drugs

Economists Agree: Free Markets Bring Down Prices

Photo source: Redstate

Photo source: Redstate

As the economists note, instituting price caps skews the market and “leads to shortages, squeezes the cost bubble toward some other portion of the economy, and imposes a deadweight cost on society.”

In laymen’s terms: these price controls will restrict patient access to needed drugs and reduce drug makers’ ability to invest in the research and development of new medicines.

Read more: Economists Agree: Free Markets Bring Down Prices

Posted on December 17, 2018 and filed under Drugs.

Drug-Price Controls Can Be Injurious to Your Health

Photo source: National Review

Photo source: National Review

President Trump is right to try to lower drug prices here at home. It is a travesty that other nations get access to U.S. innovation at cut-rate prices — much lower than what Americans pay. For example, the Health and Human Services Department reports that a senior who receives an eye medicine that currently costs Medicare $1,800 a month is charged only $300 a month in many other nations. A popular chemotherapy drug costs Medicare $4,700 for each treatment here in the U.S. but only $1,100 in other nations. HHS estimates that Americans pay “180 percent of what other countries pay for physician-administered drugs.” Something is seriously wrong here.

Read more: Drug-Price Controls Can Be Injurious to Your Health

Posted on December 11, 2018 and filed under Donald Trump, Drugs.

Americans for Tax Reform: Conservatives Oppose HHS International Pricing Index for Medicare Part B Drugs

Photo source: Twitter 

Photo source: Twitter 

In a letter to the Department of Health and Human Services, ATR and 56 other conservative groups and activists expressed opposition to HHS’s “International Pricing Index” (IPI) payment model for drugs administered under Medicare Part B.

Read more: Conservatives Oppose HHS International Pricing Index for Medicare Part B Drugs

Posted on December 7, 2018 and filed under Drugs, Taxes.

FDA Launches Global Crackdown on Websites Selling Illicit Opioids and Drugs

Photo source: FDA

Photo source: FDA

As part of the crackdown, called Operation Pangea XI, the FDA sent warnings to seven different networks operating 465 websites that were offering up misbranded or unapproved drugs. This is the 11th annual operation.

Some of the domains include seemingly innocuous names like bestgenericstore.com or top-meds-discounts.com.

Read more: FDA Launches Global Crackdown on Websites Selling Illicit Opioids and Drugs

Posted on November 12, 2018 and filed under Drugs.

Border wall needed to protect against a 'caravan' of a different kind: drugs

Photo source: Life Persona

Photo source: Life Persona

Illegal Fentanyl is flooding the southern border. According to a recent report, the illegal drug comes from two main sources: China and Mexico. It arrives in two ways: U.S. consumers order it directly from laboratories in China or Chinese companies ship it to smugglers in Mexico, where the goods are then shipped into the U.S. via popular trucking routes.

Read more: Border wall needed to protect against a 'caravan' of a different kind: drugs

Posted on October 31, 2018 and filed under Drugs, Immigration.

Fentanyl Smuggled From China Is Killing Thousands Of Americans

Photo source: Fortune

Photo source: Fortune

Fentanyl, 50 times more potent than heroin, and related laboratory-crafted drugs have become the No. 1 cause of opioid-related overdose deaths. And rogue chemical companies in China -- operating openly and outside the reach of U.S. authorities -- are the largest single source of the deadly drugs, law enforcement officials say.

"People in labs in China are producing this substance that is killing Americans," Deputy Atty. Gen. Rod Rosenstein said in an interview. "This is a real crisis. The Chinese government has the ability to stop this if they want to. We believe they should want to do that."

Read more: Fentanyl Smuggled From China Is Killing Thousands Of Americans

Posted on October 22, 2018 and filed under Drugs.

TRUMP: USMCA Deal "Will Make North America a Haven For Medical Innovation And Development"

President Trump says. "We want drugs to be made here...we don't like getting them from foreign countries, we don't know what is happening with those drugs"

Posted on October 2, 2018 and filed under Drugs, Donald Trump.

Canada must guard against unrestricted drug exports to the US

Photo source: Consumer Reports

Photo source: Consumer Reports

The notion of importing cheaper drugs from Canada is nothing new in American politics. In 2003, Congress passed the underlying legal framework to permit Canadian drug imports, and it subsists in American law today. Nor is it unique to one side of the political spectrum. Democratic Senator Bernie Sanders famously introduced “import from Canada” legislation as a solution to US drug woes, while similar bipartisan proposals have attracted prominent Republicans like John McCain.

Polls have shown a majority of Americans, regardless of party affiliation, support the idea. It has also caught on at the state level, with multiple states exploring the possibility of creating their own Canadian drug importation programs under the existing legal framework. Vermont became the first state to enact such a law earlier this year.

Read more: Canada must guard against unrestricted drug exports to the US

Posted on September 17, 2018 and filed under Drugs.

Drug Importation 'Just a Gimmick,' Says HHS Secretary

Photo source: Wikipedia

Photo source: Wikipedia

 

The prospect of reducing prescription drug prices by importing cheaper supply from Canada is "just a gimmick," Health and Human Services Secretary Alex Azar said Monday morning.

The comment came during a speech at the Hubert H. Humphrey building in Washington, D.C., following up on President Donald Trump's speech Friday outlining the administration's general plan to promote affordability.

Read more:  Drug Importation 'Just a Gimmick,' Says HHS Secretary

Posted on June 8, 2018 and filed under Medical, Drugs.