Late last week, The Council of Economic Advisers which operates within the Executive Office of the President released a nearly 30 page white paper outlining issues related to the ongoing increase in costs associate
d with pharmaceutical drugs. The report was broken into multiple parts, ranging from introducing this issue, describing how Americans are paying higher prices for prescription drugs than the rest of the developed world, and finally how we might improve innovation to reduce the overall price of healthcare. Within the sub-parts of the document were topics including how Medicaid and Medicare procure prescriptions for their participants, how other world markets are benefiting from the U.S. led innovation and development, how middle-men known as Prescription Benefit Managers are inflating the overall cost of prescriptions, and the lengthy process by which drugs become available in the marketplace.
SUMMARY & COMMENTARY
While the original intent of the White Paper was to both outline problems and offer up solutions, the document favored the former, and provided little by way of real policies that might impact the rising cost of prescription drugs. We agree with the information provided in the brief; however it fell short in the areas of solutions only offering few suggestions limited in substance. Healthcare is a real problem in the United States making up 18% of the Gross Domestic Product. Of the $3.4 trillion spent on healthcare each year in the United States, roughly 20% of that number, $457 billion, is on prescription drugs. Said differently, for every $100 generated in the United States, $2.50 is spent on prescriptions.
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Topics:
Republican Healthcare,
healthcare reform,
iamthelorax,
prescription drugs
Seth Denson joins "Need to Know with Jeff Angelo" on 1040 WHO in Des Moines to discuss the Amazon, Berkshire Hathaway, JP Morgan collaboration on healthcare and its impact on the stock market.
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Topics:
healthcare reform,
stock market,
iowa,
amazon,
iamthelorax
Seth Denson join's Brian Glenn on DFW's KEXB Radio to discuss all things Healthcare, Amazon and living in North Texas.
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Topics:
healthcare,
amazon,
texas,
iamthelorax
GDP Co-Founder, Seth Denson is interviewed by Fox News anchor Jessica Rosenthal regarding Amazon, Berkshire Hathaway & JP Morgans recent annoucment that they will collaborate impact the healthcare of their employees.
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Topics:
healthcare,
amazon
Today, both the House of Representatives and the U.S. Senate are expected to pass the “Tax Cuts and Jobs Act” (recently re-named due to Senate rules related to the length of the name of the bill). While all of the details related to the new legislation will become clearer over time, one key provision that is catching quite a bit of attention (including ours) is the provision impacting the individual mandate that ALL citizens be covered by a qualified health insurance plan.
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Topics:
ACA,
Individual Mandate,
Tax Reform
In the early hours of the morning, the U.S. Senate voted down the "Skinny Repeal" - here are our thoughts on that vote, as well as the future of healthcare reform in the United States.
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Topics:
ACA,
Cure for Healthcare,
Skinny Repeal,
BCRA
Today the US Senate voted 51-50 to move forward on debate of the Better Care Reconciliation Act of 2017 (BCRA), the Republican proposed healthcare repeal and replace legislation. In today's video blog we will discuss the proceedings and what did - or didn't - happen and what happens next.
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Topics:
ACA,
Cure for Healthcare,
U.S. Healthcare,
healthcare reform,
brca
Last month, GDP released a four part series of blogs/videos outlining our ideas for solving the healthcare crisis in the United States. While the four parts go into great detail, this week’s blog/video is a brief summary of our solutions. For more details, we encourage you to view all of the video’s within the series.
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Topics:
ACA Update,
Cure for Healthcare,
Republican Healthcare
All week we have rolled out our thoughts surrounding the current state of the healthcare system and why it's broken. We have qualified data to support out thoughts and address issues, both political and practical. Since we've identified and quantified the problem, it's time we lay our our ideas to solve it. In Part 4 in our series on Curing Healthcare we do just that.
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Topics:
ACA,
AHCA,
U.S. Healthcare,
Health Insurance
Earlier today, the Senate released their version of an ACA partial replacement bill. One of the key topics our clients are tuned into is the Employer Mandate and how it is addressed in the Senate's bill.
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Topics:
ACA,
AHCA,
Employer Mandate
