Washington Research Council
About This Show
The Washington Research Council produces four podcasts: Policy Today (an in-depth look at one public policy issue), Common Ground (searching for bipartisan consensus & solutions in a politically polarized world), InFocus (covering a variety of issues) and 90 Seconds (a quick summary of one topic). The Washington Research Council is the state’s premier business-supported research organization. We provide timely, credible economic research and policy analysis supporting economic vitality and private-sector job creation, and examine how public policy issues will affect business, government and the community. For more information go to researchcouncil.org.
Most Recent Episode
Policy Today: All About Prescription Drug Prices
2 days ago
Today's guest is Saumil Pandya, Senior Director of Policy & Research at PhRMA, the Pharmaceutical Research and Manufacturers of America. We discuss the lengthy process of getting a drug to market; comparing the high prices of some drugs (such as those used to cure Hepatitis C) with the even higher prices of treatment, hospitalization and surgery; how the prescription drug industry interacts with Medicaid; and the price-reducing effects of drugs going off-patent and being available in generic form.
Here are links to some of the studies and reports mentioned in this podcast:
Washington Research Council report on "How Medicaid and Prescription Drug Spending Impact the State Budget:" http://researchcouncil.org/files/docs/2016/11/hca2016.pdf
Tufts study on the average cost to develop and gain marketing approval for a new drug (summary): http://csdd.tufts.edu/news/complete_story/tufts_csdd_rd_cost_study_now_published
Berkeley Research Group study on "The Pharmaceutical Supply Chain:" http://www.thinkbrg.com/assets/htmldocuments/Vandervelde_PhRMA-January-2017_WEB-FINAL.pdf
Health Affairs Study, "Medication Adherence Leads To Lower Health Care Use And Costs Despite Increased Drug Spending:" http://content.healthaffairs.org/content/30/1/91.full.pdf+html