The Catalyst

Then and Now: How Prescription Drug Prices Fall Significantly Over Time

Posted by Holly Campbell on August 4, 2015 at 9:59 AM

Prescription drug prices fall significantly over time because the marketplace is unlike any other part of the U.S. health care system.

Innovator companies invest in pioneering research to bring new treatments to patients, and over time those medicines become available as lower-cost generic copies. Nearly 90 percent of all medicines prescribed to U.S. patients are generics and typically cost up to 80 percent less than the original brand medicine.

This is possible because significant research and development resources are not required for the manufacturing of generic medicines.

Read More

Topics: Value, drug cost, cost

Legislative and Legal Action Seeks to Improve Communications with Health Care Professionals to Better Inform Patient Care

Posted by Jeff Francer on August 3, 2015 at 3:00 PM

July was an active time in healthcare policy, with promising policy developments on Capitol Hill and in the court system regarding the ability of biopharmaceutical companies to share up to date and accurate information about medicines with physicians and other healthcare professionals. Such information sharing could improve both patient care and the efficiency of our healthcare system.

21st Century Cures

On July 10th, the U.S. House of Representatives passed the 21st Century Cures Act, which was supported by PhRMA and many other advocacy organizations. Two provisions of the Act address the Food and Drug Administration’s (FDA) outdated regulations which prohibit biopharmaceutical companies from sharing certain accurate, data-driven information with healthcare providers and payers to inform patient care.

Read More

Topics: FDA, Cures, Congress

#MedicareMonday: Did You Know Four out of Five Part D Prescriptions Are Generic?

Posted by Andrew Powaleny on August 3, 2015 at 9:00 AM

The success of the Medicare Part D program has been well documented, providing seniors and individuals living with disabilities access to affordable prescription drug coverage. Before the implementation of Medicare Part D, seniors used generic medicines at low rates, with about 54 percent generic utilization in 2005. Since Part D’s implementation and the creation of a marketplace for older Americans to access needed medicines, generic utilization has increased steadily to 84 percent in 2013 and 85 percent in 2014 (as recently reported by the Medicare Trustees).

Read More

Topics: Chart Pack, CMS, Part D, Medicare, #MedicareMonday, seniors

Week in Review: The Latest from PhRMA

Posted by Priscilla VanderVeer on July 31, 2015 at 1:58 PM

Medicare: Medicare celebrated its 50th anniversary this week! To note the occasion, we looked at the continued success of Part D, which helps many older Americans and people living with disabilities:

  • Learn from patients themselves about how Part D helps them in a new video.
  • Find out about the more than 435 medicines in development for older Americans.
  • Get more information about how average monthly premiums for 2016 Part D plans will remain relatively stable, just as they have since 2011.

Fact Check Fridays: Today we launched “Fact Check Fridays,” a series we’ll be using to separate truth from fiction and set the record straight. This week’s fact-check: the truth about inter partes review (IPR) and patent litigation reform.

Read More

Topics: The Hill

Celebrating Anniversaries: Americans with Disabilities Act

Posted by Guest Contributor on July 31, 2015 at 12:00 PM

Conversations and healthy debate about issues facing our industry and the health care system are critical to addressing some of today’s challenges and opportunities. The Catalyst welcomes guest contributors including patients, stakeholders, innovators and others to share their perspectives and point of view. Like in our Conversations series, views represented here may not be those of PhRMA, though they are no less key to a healthy dialogue on issues in health care today. 

In celebration of the 25th anniversary of the Americans With Disabilities Act, we’re pleased to host a guest blog from Katy Beh Neas, executive vice president, public affairs for Easter Seals.

Read More

Topics: Discrimination, Congress, patient advocacy

Fact Check Friday: The Truth about IPR and Biopharmaceutical Patents

Posted by Tina Stow on July 31, 2015 at 11:12 AM

Today, we’re pleased to be kicking off our newest Catalyst blog series: Fact Check Friday. We’ll be using this space to separate truth from fiction and set the record straight when the rhetoric strays too far from reality.

First up in our series, patent litigation reform and the inter partes review (IPR) process.

The IPR process is necessary to challenge biopharmaceutical patents.

Congress already created systems to challenge biopharmaceutical patents – and it’s working.

Read More

Topics: Patents, IP, Congress

Happy 50th Anniversary Medicare!

Posted by Allyson Funk on July 30, 2015 at 10:42 AM

Today we bring you a special edition of #MedicareMonday on Medicare’s 50th anniversary. As Medicare celebrates 50 years, we wanted to remind you about some of our Medicare resources and continue highlighting the success of the prescription drug benefit, also known as Part D.

Just yesterday, average monthly premiums for 2016 Part D plans were announced and they will remain relatively stable as they have since 2011, keeping access to prescription drug coverage affordable for seniors and people living with disabilities.

Read More

Topics: Part D, Medicare, #MedicareMonday

4 Things to Know about the Medicare Part D Premium Announcement

Posted by Allyson Funk on July 29, 2015 at 7:01 PM

Today, the Centers for Medicare & Medicaid Services announced that average monthly premiums for Medicare Part D prescription drug coverage in 2016 will remain stable at an estimated $32.50 per month. This reflects the fact that Part D is a robust marketplace and continues to work to keep costs low for both beneficiaries and taxpayers because of substantial competition and negotiation in the program.

Read More

Topics: Access, Part D, Medicare

ICYMI: Community Oncologists Speak Out Against Hospital Cancer Doctors’ Drug Price Control Proposals

Posted by Holly Campbell on July 29, 2015 at 3:24 PM

In case you missed it, the Community Oncology Alliance (COA) called the drug-price control recommendations made by 118 oncologists published in the journal Mayo Clinic Proceedings “misguided because most of the doctors behind the suggestions work for large, teaching hospitals where cancer care is more expensive than at cancer clinics.”

Check out a few highlights below and read the story here. A subscription to Inside Health Policy is required.

  • According to Community Oncology Alliance Executive Director Okon, “Most of the doctors who endorsed the recommendations in the journal are employed by large teaching institutions, many of which receive 340B drug discounts, and nearly 30 percent of the signatories are employed by a small group of hospitals where cancer care is high even compared to teaching hospitals.”
Read More

Topics: cancer, drug cost, Oncology, cost

3 Points You Need to Know about the Federal Government’s Health Spending Projections

Posted by Robert Zirkelbach on July 28, 2015 at 5:18 PM

New National Health Expenditure (NHE) projections released today by the Centers for Medicare & Medicaid Services (CMS) call into question claims that have been made in recent months about the sustainability of prescription drug spending. Even with new treatments and cures for hepatitis c, high cholesterol and cancer, spending on retail prescription medicines is projected to remain approximately 10 percent of U.S. health care spending through 2024 – the same percentage as in 1960.

Read More

Topics: Value, drug cost, cost

Personalized Updates

Posts by Topic

see more