Years ago I wrote about how to save money on prescription drugs. I periodically updated the report. It was popular with reporters at a time when consumers were worried about the excessive cost of drugs. This was before Obamacare (2010) when many people did not have drug coverage. While perusing the Internet I ran across a recent article on the same topic. It included many of my old tips, so I thought it worth discussing.
Author: Devon Herrick
How Much Innovation is Too Much Innovation?
This is a happy story about a baby saved from death and disability caused by developmental delays. This type of technology could really transform health care, but at a huge cost. The baby was an inpatient in the hospital for nine months to control rising ammonia levels due to the genetic defect. The lead researchers collaborated with others to develop the technique that would be used to edit the precise gene that was lacking or malfunctioning. The race to develop the custom gene editing therapy was a herculean effort involving teams from numerous institutions.
Trump Unlikely to Lower Drug Prices by Making Rich Countries Pay More
Drugs cost more in the United States for a variety of reasons, the primary of which is that the U.S. has almost no price controls. Other countries, such as Canada, the United Kingdom and much of Europe places ceilings on the prices charged in their respective countries. Critics often claim that the U.S. bears the load for research & development, while other countries free ride paying little above marginal cost. Other countries do get a bargain.
Trump Administration Should Not Defend a Biden-Era Mental Health Parity Regulation
Today is the deadline for the Trump Administration to decide whether it should defend a Biden-era rule beefing up enforcement of mental health parity and addiction coverage. It should not bother. Mental health parity is a set of rules and regulations that require health plans to cover mental health treatments to the same level as it does for physical health. The original act dates back to 1996, while addiction equity of treatment was added in 2008. At its most basic, mental health parity requires health plans to cover mental health conditions to the same dollar limits as physical health care.