Category Archives: Jim’s Corner

Bill Gates is Right

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In a recent Bloomberg interview, Microsoft founder and noted philanthropist Bill Gates debunked much of the recent criticism of the biopharmaceutical industry and the drug pricing system in the United States, stating: “The current system is better than most other systems one can imagine … The drug companies are turning out miracles, and we need their R&D budgets to stay strong. They need to see the opportunity.” Gates also praised the innovations that are coming Read More >

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Bloomberg Caught Spreading Another Inaccurate “False Alarm” About Drug Prices

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I was deeply disturbed by Bloomberg’s inaccurate report this morning that attempted to examine drug costs. The article claims it “decodes [our industry’s]…pricing practices.” But, in reality, it does no such thing. It fails to take in the full picture of biopharmaceutical successes and failures; admits its “proof” is merely guesstimates from an organization that wasn’t involved in pricing decisions; and in some cases, it just plain gets the facts wrong. First, this article myopically Read More >

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Stop Demeaning the Healthy Dialogue Between Doctors and Drug Companies

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A recent report in The Wall Street Journal entitled, “Even Cheap Meals Influence Doctors’ Drug Prescriptions, Study Suggests,” attempts to suggest an untoward influence resulting from drug company-sponsored physician education events. After reading the full study, it is clear that the WSJ author not only misinterpreted the conclusions of the study, but completely discounts the role that companies have in educating physicians about their products. Contrary to the author’s point, communication between drug companies and Read More >

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Time for AHIP to Finally Join Us And Work Toward A Solution

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I worked as an elected leader in government for 24 years. One of the enduring lessons I learned is that to accomplish big things, people from different backgrounds must come together and unite behind a common solution. When that happens, our nation flourishes. And those problems that once seemed deep and complex, suddenly don’t seem so insurmountable anymore. That’s why it was so disappointing to hear America’s Health Insurance Plans’ (AHIP) ridiculous claim that my Read More >

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ICER’s Flawed Methodology Could Lead To Healthcare Rationing

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In a column published in USA Today recently, Jeff Stier, a Senior Fellow at the National Center for Public Policy Research, sheds light on the Institute for Clinical and Economic Review (ICER). Stier points out the group’s fundamentally-flawed (and possibly dangerous) approach and how their reports influence which drugs are listed on your insurer’s formulary based on what those drugs will cost the insurer – rather than what’s best for you as a patient.  “…we’ve Read More >

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