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March 2, 2020 Blog, Coronavirus, Policy Proposals

The Green New Dealers want us to think we have to either live more austere lives under coercive government policies or destroy the planet. Opponents of their plan, the theory goes, are willing to sacrifice the environment for short-term financial prosperity for the elite few. Nothing could be further from the truth. Meeting Americans’ needs, especially those of the neediest, requires free markets that can realize and reward the benefits of technological innovations, big and small. Big innovations are those such as the...

March 2, 2020 Blog, Coronavirus, Industry Trends

Fractions are taught in elementary school, but adults sometimes still manage to misunderstand how they work in everyday life. I was reminded of that after President Trump’s Saturday press conference, which focused on the federal government’s response to the Wuhan coronavirus (formally SARS-CoV-2, with the illness it causes designated COVID-19). Let me explain. Dr. Anthony Fauci, the articulate, veteran director of the National Institute of Allergy and Infectious Diseases, described at the presser how the efforts to prevent the spread—or “contain”...

February 26, 2020 Blog, Coronavirus, Industry Trends, Issues

CDC warns on coronavirus in US: Should you start to worry? By Madeline Farber, Fox News Federal health officials this week warned that community spread of the novel coronavirus in the U.S. is seemingly inevitable, with one Centers for Disease Control and Prevention (CDC) official saying it’s no longer “a question of if, but when, and how many people in this country will have severe illness.” In the same vein, officials have maintained that the immediate threat to the public remains low. So how worried should you be?...

February 26, 2020 Blog, Coronavirus, Industry Trends, Issues, Radio

Dr. Henry Miller, PRI’s senior fellow for the Center for Medical Economics and Innovation, joins the John Batchelor Show to offer analysis on the search for a vaccine for the coronavirus. Dr. Miller says the United States has a steep learning curve ahead for dealing with the coronavirus pandemic and talks about the latest developments from the World Health Organization.  ...

February 26, 2020 Blog, Coronavirus, Industry Trends, Issues, Radio

PRI's Henry Miller, M.S., M.D., joins the nationally-syndicated Lars Larson Show to discuss the latest developments in the spread of the coronavirus. Larson and Dr. Miller look at the rise of coronavirus cases in South Korea and Italy, and what the United States is doing to prepare for the impact of the pandemic. Miller's segment begins at the 47:00 minute mark. ...

February 26, 2020 Blog, Coronavirus, Industry Trends, Issues

The World Health Organization, a part of the United Nations, has proposed an official name, COVID-19, for the illness caused by the Wuhan coronavirus, after the city in China where it emerged. (The new designation stands for coronavirus disease 2019, as the illness was first detected toward the end of last year.) The director-general of WHO, Tedros Adhanom Ghebreyesus, noted that the name was chosen “to avoid stigma”—or as the woke might say, microaggressions—thus, the new name makes no reference to...

February 24, 2020 Blog, Issues, Policy Proposals

California wants to get into the drug making business. Gov. Gavin Newsom just announced his intention to have the state contract with generic drug manufacturers to make drugs to sell to state residents, presumably at lower cost than they’re available on the market today. But the plan won’t deliver much in the way of savings. In fact, it could cost taxpayers a significant amount of money. There are far more effective ways to make prescription drugs more affordable — say, by injecting...

February 24, 2020 Blog, Coronavirus, Issues

WHO says coronavirus ‘absolutely’ has potential for pandemic status as Italy, Iran brace for surge By: Alexandria Hein Health officials stressed on Monday that while Iran and Italy have reported a surge in coronavirus cases over the last several days and raced to cancel public events, the outbreak, which originated in China, has not yet met the criteria for a pandemic, although it “absolutely” has the potential to get there. “Using the term pandemic now, it doesn’t fit the facts, but it may...

February 18, 2020 Blog, Coronavirus, Issues

As Coronavirus Infections Top 72,000, 'We Are Learning About This as We Go' By: Adam Smith The Street As the coronavirus continues its rapid spread throughout China and the rest of the world, one thing is becoming increasingly certain: There’s a lot that’s still unknown about the newly discovered and sometimes deadly pathogen. We have no idea how far and for how long it will spread or how many it will kill. We don't know when a vaccine will be created and even treatment...

February 12, 2020 Blog, Coronavirus, Innovation, Issues

As the outbreak of a novel coronavirus accelerates in China, and sporadic cases appear elsewhere in Asia, North America, Australia, and Europe, there is intense interest in the development of a vaccine, and several U.S. drugmakers have begun working on them with the National Institutes of Health. As the Wall Street Journal noted in a Jan. 30 editorial, “It took scientists 20 months to develop a SARS vaccine to test on humans, but the NIH hopes to have a vaccine ready for human trials...

February 10, 2020 Blog, Coronavirus, Industry Trends, Issues

Business impact widens as China fights to get infections under control By: Anjalee Khemlani, Yahoo! Finance Feb. 7, 2020 China’s deadly coronavirus outbreak continues to threaten multi-national companies, as a range of businesses from leisure to retail suffer from the outbreak’s after-effects. The number of confirmed cases in the country surged past 31,000 Friday, well beyond three times the number of cases last week. While the number of new cases daily have dipped slightly, World Health Organization officials said on Friday the organization’s not...

February 10, 2020 Blog, Coronavirus, Industry Trends, Issues

As the cases of the Wuhan coronavirus (formally 2019-nCoV) continue to increase, and China and other countries aggressively perform screening, isolation, treatment and tracking of patients’ contacts, demand for various essential medical items is unprecedented, and shortages have been reported. For example, American dentists, who go through large numbers of surgical masks daily, are already finding their supply chain interrupted. Ironically, most of the world’s supply of masks and respirators, along with other materials essential for health care, comes from manufacturers in...

February 7, 2020 Blog, Issues, Price and Costs

Swiss drugmaker Novartis recently launched a lottery-style program to allocate free doses of Zolgensma, its groundbreaking treatment for children with spinal muscular atrophy (SMA), to patients in countries that haven't approved the drug. But with a $2.1 million price tag, Zolgensma is inaccessible to some patients even where it has been approved. The prohibitive cost has been a source of criticism since the drug was approved. In a letter to the U.S. Food and Drug Administration's (FDA) Acting Commissioner last August, five U.S. senators, including presidential...

February 6, 2020 Coronavirus, Innovation, Issues, Multimedia, Radio

https://www.youtube.com/watch?v=so744sbVJ_E Dr. Henry Miller, senior fellow with PRI’s Center for Medical Economics and Innovation, joins PRI's "Next Round" podcast to discuss the Wuhan Coronavirus. We explore a wide variety of topics related to this public health crisis, including how people get the illness and how it is being treated, how the Chinese and U.S. governments are working to combat it, the prospects for the rapid development of a vaccine, how social media disinformation is fueling the crisis, and how concerned Americans...

January 31, 2020 Blog, Policy Proposals

The White House Council of Economic Advisors just issued a damning indictment of a House bill (H.R. 3) designed to lower drug prices. According to White House economists, the measure endorsed by Nancy Pelosi and her fellow House Democrats could prevent the development of 100 new drugs over the next ten years. CEA concluded "the threat [the bill] poses to continued medical innovation will harm American patients in ways that far outweigh any benefits." This analysis is spot-on. That's why it's so surprising that...

January 30, 2020 Blog, Industry Trends, Issues

The outbreak of infections from a novel virus that appears to have originated in Central China has elicited a storm of commentary, much of it uninformed. Opinions have ranged from predictions of a worldwide apocalypse to dismissal of quarantines and “social distancing” as a kind of public relations stunt by the Chinese government—neither of which is likely to be true. Even at this early and rapidly evolving stage of the outbreak, science can and should inform our actions. I have what...

January 30, 2020 Blog, Issues, Price and Costs

Trump administration officials keep searching for solutions to rising prescription drug prices, which are increasing faster than inflation. “Drug makers and companies are not living up to their commitments on pricing. Not being fair to the consumer, or to our Country!” President Donald Trump tweeted last year. However, it’s hard to know what “fair” prices are. After all, pharmaceutical research and development is expensive and high risk. Bringing a drug to market may take 10 or more years and costs, on average, more than $2.5...