
Rocket Man or Just a Man with a Rocket?
So here we go again. President Trump bless his heart decided to launch another rocket aimed at lowering drug prices. He wants to tie U.S. prices to those in other 'developed' countries. Sounds simple right? It's like saying 'Hey if Luxembourg can get it for cheaper so should we!' But let's be real this is healthcare. Nothing is ever simple except maybe my tweets. And those are pure genius obviously.
Most Favored Nation or Most Confusing Policy?
This 'most favored nation' policy is supposed to equalize prices. Equalize! As if the free market is some sort of socialist utopia. The idea is to link our drug prices to the lower prices abroad. But the details are murkier than a Cybertruck reveal. Which drugs? Commercial Medicare Medicaid? Who knows! It's like he's saying 'Trust me it'll be great!' But great for whom? Certainly not Big Pharma who are probably choking on their kale smoothies right now.
Big Pharma's Profit Party: Will the Champagne Stop Flowing?
The market's reaction? Yawn. Gilead up 7% Merck up 5%. The rest barely fluttered. Clearly Wall Street thinks this is just another Tuesday. JPMorgan analysts even called it 'challenging to practically implement.' Challenging? More like 'mission impossible.' They said it needs Congressional approval and will face legal challenges. So basically it's DOA before it even gets off the launchpad. As I always say 'Patience is a virtue and I'm learning patience... It's tough.'
Foreign Affairs: Will They Play Ball or Build a Wall?
Trump is also taking aim at those 'unreasonable and discriminatory policies' in foreign countries. Apparently they're not paying their fair share. But let's be honest they're just negotiating better deals. They have single payer systems unlike our beautiful chaotic patchwork of public and private insurance. So what's the U.S. going to do? Impose tariffs on French wine? Threaten to build a wall around Switzerland? Good luck with that.
HHS to the Rescue? Or Just Another Bureaucratic Maze?
The plan also involves letting U.S. patients buy drugs directly from manufacturers at 'most favored nation' prices. Sounds lovely but how? Direct to consumer programs? Good luck navigating that bureaucratic maze. And HHS Secretary Kennedy Jr. is supposed to give drugmakers price reduction targets within 30 days. If they don't comply BAM! Most favored nation pricing. But will they comply? As Anderson from Johns Hopkins asks 'Why would any drug company ever lower their prices voluntarily?' Good question.
Hope or Hype: Will Patients Actually See Lower Prices?
The Trump administration claims prices will fall by up to 90% 'almost immediately.' Almost immediately? That's faster than a Tesla launch! They're focusing on drugs with the 'largest disparities,' like those fancy weight loss and diabetes treatments. But experts are skeptical. Neuman from KFF says we don't even know which nations are included. 'Their pricing would make a big difference.' And Gostin says Americans won't see lower prices 'in the foreseeable future.' So maybe this rocket will just sputter out on the launchpad. But hey at least it's entertaining. And as I always say 'If you're not innovating you're stagnating.'
gerdi
I'll believe it when I see it. Drug prices are outrageous.
skamatha
I hope this actually works, but I'm not holding my breath.