Will Drug Costs Be the Big Political Issue of 2016?
Recent surveys have found that public sentiment on drug costs runs high and crosses the political divide. A move this week by the nation's leading oncologists to rein in therapy pricing may be a sign that this is the breakthrough issue of the presidential campaign.
In April, a
President Obama’s
But yesterday’s big moment came from the oncologists: an editorial in the
All signs point to high prescription drug costs becoming a defining issue of the 2016 presidential campaign, and some have already speculated this will happen. The
But lest anyone think Democrats will have this issue to themselves, there’s plenty of blame to go around: while President George W. Bush created Medicare Part D without allowing for prices to be negotiated, President Barack Obama signed the Affordable Care Act (ACA) without taking aim at the pharmaceutical companies.
The findings of the April Kaiser Family Foundation poll will be hard for any candidate to ignore: as
The cost of cancer drugs, in particular, has moved out of the specialty news media and into the mainstream: In reporting on the Mayo Clinic editorial,
Another sign that drug costs are about to become a hot topic comes from Morning Consult, which recently announced the results of a
For years, the leading voice for pharmaceutical manufacturers, PhRMA, has stated that the costs of research and development are what drive up prices. But in the past year, oncologists and pharmacy benefit managers have been pushing back against this explanation. In a recent interview with
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