Category Archives: Jim’s Corner

Latest One-Sided CNBC Interview Repeats Falsehoods, Offers Misleading Statistics

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I was disappointed by CNBC’s one-sided reporting in an article that repeated numerous falsehoods and misleading statistics that have been previously debunked, apparently based on a single interview with Dr. Kenneth Davis, the President and CEO of Mount Sinai Medical. Unfortunately, this is nothing new. The insurance industry and its allies continue to use the biopharmaceutical industry as a scapegoat for their ever-increasing insurance premiums, deductibles, and co-pays. It’s time to set the record straight. Read More >

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BIO Principles Put Patients First

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Patient advocacy organizations play an indispensable role in the biopharmaceutical development process: They help scientists and researchers better understand what it’s like to live with the diseases they’re trying to cure. That’s why BIO and our member companies are deeply committed to meaningful partnerships with patient advocacy organizations as we work to discover new medications to help patients live longer, healthier, more fulfilling lives. Today, there are more than 250 biotechnology health care medications and Read More >

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Despite Latest Report, ICER Still Limits Patient Input and Maintains Strong Ties To Insurers

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After months of criticism, including some from BIO, the Institute for Clinical and Economic Review (ICER) released a document that tries to address many of the legitimate and persistent concerns that have been raised. We appreciate that ICER is taking such criticism more seriously, and recently opened up its methodology to more public comment.  However, after reviewing the document, it remains clear to us that ICER still doesn’t quite get why so many organizations, including Read More >

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The Washington Post Unfairly Attacks The Orphan Drug Act

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The Orphan Drug Act has been a tremendous success and addressed a market failure by providing incentives to bring new treatments to those suffering with rare diseases. That’s why I was deeply troubled by Friday’s unfair article in The Washington Post targeting the Orphan Drug Act through selective and unsubstantiated attacks that seem designed to undermine this bipartisan and hugely successful regime that has helped so many patients with rare diseases live longer and healthier Read More >

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New Avalere Study: Drugs Not Major Drivers Of Premium Growth, Dispels Insurance Industry Myth

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Today, Avalere Health published a study that further dispels the pervasive myth that prescription drugs are a major driver of increased health insurance premiums. It is, in fact, outpatient spending and professional services that are the largest drivers of insurance premium growth—not prescription drugs, which represent only about 14 percent of premium growth.  Outpatient spending accounts for 29.9 percent of 2017 premium increase justifications. While professional services account for 27.7 percent. This data comes from Read More >

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