Policy

Healthcare

Life, liberty and the pursuit of happiness are all promises of the Declaration of Independence. Good health is critical to our pursuit of happiness. Without it, the right to life is threatened and the right to liberty is undermined. Because the United States government was instituted to secure these unalienable rights, there is a role and a social imperative for government to promote public health through sound public policy, particularly for citizens whose financial means limit their access to quality medical care.

While providing medical care to those in need is a moral and social imperative, the main components of healthcare – health insurance, medical services and prescription drugs – are market goods and services. An economy promoting free enterprise still promises to be the best system in America for increasing the quality, affordability and accessibility of goods and services. Therefore, the goal of government health policy ought to be to support and improve a free and competitive market environment for doctors, nurses, specialists, hospitals, clinics and patients. Making prices transparent, tearing down barriers to competition, and protecting against concentrated economic and political power will enable patients, providers and communities to maintain choice and discover the healthcare solutions that are the best and most realistic for their particular healthcare needs.

Policy

Healthcare

Life, liberty and the pursuit of happiness are all promises of the Declaration of Independence. Good health is critical to our pursuit of happiness. Without it, the right to life is threatened and the right to liberty is undermined. Because the United States government was instituted to secure these unalienable rights, there is a role and a social imperative for government to promote public health through sound public policy, particularly for citizens whose financial means limit their access to quality medical care.

While providing medical care to those in need is a moral and social imperative, the main components of healthcare – health insurance, medical services and prescription drugs – are market goods and services. An economy promoting free enterprise still promises to be the best system in America for increasing the quality, affordability and accessibility of goods and services. Therefore, the goal of government health policy ought to be to support and improve a free and competitive market environment for doctors, nurses, specialists, hospitals, clinics and patients. Making prices transparent, tearing down barriers to competition, and protecting against concentrated economic and political power will enable patients, providers and communities to maintain choice and discover the healthcare solutions that are the best and most realistic for their particular healthcare needs.

    Research & Insights

    Prescription Drug Q&A: The U.S. market and COVID vaccines

    “The U.S. has a vibrant and thriving biopharma sector” – says American Enterprise Institute scholar and Milton Friedman chair James C. Capretta – “in large part because the payments system for these products is more favorable to the industry than it is elsewhere.”

    Prescription Drug Q&A: The U.S. market-based system makes it a world leader in discovering new medicines

    Americans get what they pay for when it comes to prescription drugs. We pay higher prices for drugs but gain access to nearly twice as many new medicines as citizens in foreign countries that use the law or government programs to set drug prices.

    VP debate illustrates need for serious policy solutions – not slogans

    As we go into the closing stretch of the 2020 election season, remember that slogans are not solutions. Remember that there are important tradeoffs to consider in any major healthcare policy proposal.

    Prescription Drugs 101: Executive order on international reference pricing

    The example of international reference pricing is just one of many prescription drug policy reforms that can (and will) have unintended consequences and unpredictable impacts.

    Prescription Drugs 101: One visual to rule them all

    The prescription drug market can seem like a complex web. This visual describes where and how the money flows as prescription drugs travel from manufacturers to patients.

    Prescription Drugs 101: The 6 things that determine the price we pay

    Of the many factors that influence the price we pay at the pharmacy, only a few are controlled by the patient. Some factors can be influenced by policymakers – whom patients elect – but the complexity of the prescription drug market is critically important for such policy considerations.

    Prescription Drugs 101: Follow the money

    Following the flow of money and learning how each player makes money is important for understanding what you pay at the pharmacy. Decisions that prescription drug market players make to improve their cash flow can often directly impact a patient’s out-of-pocket cost for prescription drugs.

    Prescription Drugs 101: The players

    The prescription drug market can feel overwhelmingly complicated. There are multiple players with sometimes unfamiliar names. The impact each has on the price we pay at the pharmacy is not always clear.

    Prescription Drugs 101: Understanding the price you pay at the pharmacy

    This series will describe and decode each component of the prescription drug market for policymakers and interested members of the public through sound research and analysis, written to be understood by a general audience.

    Will healthcare sector choose reform – or be pushed?

    2020 is bringing us to a fork in the road for the future of American healthcare. Will the healthcare sector change itself, or will public policy force it to change?

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