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DRIVING ANTI -INDUSTRY CRITICISM · While health care prices rose 1.5% in August 2019 over August 2018, drug prices fell by -.7% in that span

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Page 1: DRIVING ANTI -INDUSTRY CRITICISM · While health care prices rose 1.5% in August 2019 over August 2018, drug prices fell by -.7% in that span
Page 2: DRIVING ANTI -INDUSTRY CRITICISM · While health care prices rose 1.5% in August 2019 over August 2018, drug prices fell by -.7% in that span
Page 3: DRIVING ANTI -INDUSTRY CRITICISM · While health care prices rose 1.5% in August 2019 over August 2018, drug prices fell by -.7% in that span

DRIVING ANTI-INDUSTRY CRITICISMConflation of List Price & Patient Out-of-Pocket Costs

Manufacturer’s Retail List Price

Page 4: DRIVING ANTI -INDUSTRY CRITICISM · While health care prices rose 1.5% in August 2019 over August 2018, drug prices fell by -.7% in that span

Morning Consult poll conducted from March 25-29, 2019.

Page 5: DRIVING ANTI -INDUSTRY CRITICISM · While health care prices rose 1.5% in August 2019 over August 2018, drug prices fell by -.7% in that span

While health care prices rose 1.5% in August 2019 over August 2018, drug prices fell by -.7% in that span.

The 12-month moving average for drug prices was -.4% in July – the lowest rate since 1972.

Drug Costs Only Part of Health Spend Going Down

Page 6: DRIVING ANTI -INDUSTRY CRITICISM · While health care prices rose 1.5% in August 2019 over August 2018, drug prices fell by -.7% in that span

OUR TWO MORAL IMPERATIVES1) Patients should never go without the medicine they need

because they can’t afford what comes out of their pocket

2) We must expand access to treatment in ways that don’t kill innovation for patients still waiting for their cure.

Page 7: DRIVING ANTI -INDUSTRY CRITICISM · While health care prices rose 1.5% in August 2019 over August 2018, drug prices fell by -.7% in that span

Bipartisan Agreement: Capping Seniors Out-of-Pocket Costs

Government price-setting

Foreign reference pricing in Medicare andcommercial markets

Foreign reference pricing in Medicare

Capping out-of-pocket drug costs

for seniors

Reforming Part Dcatastrophic coverage

Addressing obstacles to

generic uptake

DTC requirement to include list price in ads

PBM reforms

Trump Administration

House Democrats

Senate Finance

Page 8: DRIVING ANTI -INDUSTRY CRITICISM · While health care prices rose 1.5% in August 2019 over August 2018, drug prices fell by -.7% in that span

How Does Impeachment Impact Patients & Innovation?

Page 9: DRIVING ANTI -INDUSTRY CRITICISM · While health care prices rose 1.5% in August 2019 over August 2018, drug prices fell by -.7% in that span

WELCOMES AMY WALTERNational Editor of The Cook Political Repo