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In what may have been the last significant action of his presidency, President Trump issued two executive orders designed to lower prescription drug spending in Medicare.
The first order would eliminate the current system of “rebates” for prescription drugs covered by Medicare Part D. The second order, dubbed the “Most Favored Nation” model, ties Medicare payments for advanced medicines covered by Medicare Part B think chemotherapy infusions and other physician-administered medicines to the lowest prices paid by governments abroad.
The “rebate rule” will reduce out-of-pocket drug costs for American patients. The “Most Favored Nation” model will reduce access to advanced medicines today and deprive American scientists of research dollars tomorrow.
MANILA, Jan. 25 — Trade Secretary Ramon Lopez emphasized the need for the provisional safeguard measures on automotives following the news of the closure of operations of Nissan Philippines. Nissan informed on 20 January 2021 the Department of Trade and Industry (DTI) that Nissan will cease.
CEI Joins Coalition Letter Opposed to Most Favored Nation Drug Pricing Final Rule
Introduction
On behalf of the undersigned federal and state-based organizations, we write to express our opposition to the interim final rule to implement the Most Favored Nation (MFN) Model under section 1115A of the Social Security Act. We request you withdraw the rule.
The rule forces physicians, patients, and providers into a mandatory demonstration under the Obamacare Center for Medicare and Medicaid Innovation (CMMI) and ties the prices paid for medicines in Medicare Part B to the prices in foreign countries with socialized health care systems.
The proposal imports foreign price controls into America’s healthcare system. This will harm medical innovation and the development of new medicines. It will threaten high-paying American manufacturing jobs and do nothing to stop foreign freeloading. Instead, it will move the United States closer to a system of government-controlled healthcare.
SunStar
+ January 23, 2021 TRADE Secretary Ramon Lopez emphasized the need for the provisional safeguard measures on automotives following the news of the closure of operations of Nissan Philippines. Nissan informed on January 20, 2021, the Department of Trade and Industry (DTI) that Nissan will cease assembling its Almera model in the country in line with the group’s global plan to optimize production and efficient business operations in the Association of Southeast Asian Nations (Asean) region.
“The announcement of Nissan to close their assembly operations in the country is regrettable, as these developments all the more demonstrate the critical situation of the local motor vehicle industry. Thus, the provisional safeguard measures need to be immediately put in place to protect the domestic industry from further serious injury,” the Trade Secretary said.
By Donald Jeffries
In 1989, two momentous events happened in the Communist world. The Soviet Union, considered our deadly enemy during the decades-long Cold War, saw its Berlin Wall torn down and its power collapse within Russia and all its Eastern European satellites. Red China, meanwhile, cracked down horrifically on bold student protesters in Tiananmen Square. Estimates range from several hundred to possibly thousands of Chinese protesters who were reportedly killed by military forces.
President George H.W. Bush would boast that America had “won” the Cold War, and Ronald Reagan has generally been given credit for the demise of the Soviet empire. After the alleged massacre in Tiananmen Square, however, many assumed that Mr. Bush would at least withdraw China’s Most Favored Nation (MFN) trade status, a favor accorded allies like Britain, France, and Japan. At the time, it was estimated that the MFN perk was worth some $10 billion to China in American business opportunities.