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Archive for January, 2019
January 15th, 2019 at 11:31 am
Drug Price Controls Would Kill Innovation
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We at CFIF have been emphasizing the threat posed by new drug price controls inexplicably contemplated by the Department of Health and Human Services (HHS).  In December, CFIF filed formal Comment opposing that ill-advised proposal, and hopefully wiser minds will prevail before the damage is done.  In similar vein, The Wall Street Journal ran a welcome commentary entitled “The Drug Price-Control Threat” on January 8 of this year, and a followup letter from reader Bruce Zessar of Highland Park, Illinois in today’s edition offers a personal, real-world illustration of what could be lost:

Insulin isn’t the same now as when it was discovered a century ago.  My wife is a Type I diabetic, diagnosed when she was 14 in 1980.  She has been a beneficiary of the tremendous advances in insulin therapy during the last four decades, including Lantus and Humalog.  When we got married in 1990, she had to live on a rigid schedule, eating lunch at, say, noon, and then dinner by 6:30-7:00 every day.  That’s becaue of the way prior insulin therapies worked in managing blood sugar.  With the invention of Lantus and Humalog, she can now live a normal life like everyone else.

Insulin is a shining example of why drugs deserve the utmost patent protection to encourage continual innovation.”

Price controls have never worked in any nation that has tried them, or with any commodity.   Few, if any, products are as important to our lives as America’s world-leading pharmaceutical sector, and we mustn’t let the price control scheme contemplated by the HHS kill the goose that continues to lay golden eggs.

January 7th, 2019 at 4:55 pm
This Week’s “Your Turn” Radio Show Lineup
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Join CFIF Corporate Counsel and Senior Vice President Renee Giachino today from 4:00 p.m. CDT to 6:00 p.m. CDT (that’s 5:00 p.m. to 7:00 p.m. EDT) on Northwest Florida’s 1330 AM/94.1FM WEBY, as she hosts her radio show, “Your Turn: Meeting Nonsense with Commonsense.” Today’s guest lineup includes:

4:00 CDT/5:00 pm EDT: Pat Rosenstiel, Founder & Chairman of Trade Alliance to Promote Prosperity: Importing Price Controls for Prescription Drugs;

4:15 CDT/5:15 pm EDT: Sherman Joyce, President of American Tort Reform Foundation: Latest “Judicial Hellholes” List;

4:30 CDT/5:30 pm EDT: Phil Kerpen, President of American Commitment: Electric Vehicle Subsidy;

4:45 CDT/5:45 pm EDT: Adam Michel, Policy Analyst, Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation: House Democratic Rules Package;

5:00 CDT/6:00 pm EDT: Tim Wyrosdick, Superintendent of Santa Rosa County Schools: 2019 Legislative Session and Education Updates; and

5:30 CDT/6:30 pm EDT: William J. Conti, Partner at Baker & Hostetler: The New Congress and 2020.

Listen live on the Internet here. Call in to share your comments or ask questions of today’s guests at (850) 623-1330.

January 3rd, 2019 at 8:12 am
Ramirez Cartoon: New Year’s Resolutions
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Below is one of the latest cartoons from two-time Pulitzer Prize-winner Michael Ramirez.

View more of Michael Ramirez’s cartoons on CFIF’s website here.