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.
this post authored by Jonathan McCarthy
The coronavirus pandemic and the various measures to address it have led to unprecedented convulsions to the U.S. and global economies. In this post, I examine those extraordinary impacts through the lens of personal consumption expenditures on discretionary and nondiscretionary services, a framework I developed in a 2011 post (and subsequently employed in 2012, 2014, and 2017).
In particular, I show that there were exceptional declines in both services categories during the spring; their recoveries, however, have displayed notably different patterns in recent months, with nondiscretionary services expenditures nearly back to their prior level and discretionary services expenditures seemingly stalled well below their pre-pandemic peak.
By Jimmy Williams | Guest columnist Jan 24, 2021
Jimmy Williams
What is the driver of our economy in the United States? Is it labor? Not entirely because our nation is suffering one of its highest unemployment rates in recent history based on a report by the U.S. Bureau of Labor Statistics dated January 8, 2021, and the world keeps spinning.
The current United Stated unemployment rate of 6.7% is not the actual number that concerns me. When you understand the factors that compute the unemployment rate in our country, you must also consider those individuals who have simply dropped out the job market and resigned themselves to remaining unemployable. The true number of unemployed and underemployed individuals in the United States, the quoted unemployment rate would easily double.
As President Joe Biden takes office, he inherits: The worst disease outbreak in over a century, which is spreading faster and killing more people in the U.S..
What President Biden Inherits
As President Joe Biden takes office, he inherits:
The worst disease outbreak in over a century, which is spreading faster and killing more people in the U.S. than at any time since it began one year ago.
Highly effective vaccines that so far have reached only 4% of the public.
An economy struggling with 10 million jobless and millions more out of the workforce.
A rising tide of murders up nearly 36% last year in major cities.
Federal debt the highest since World War II, as a percentage of the U.S. economy, and an annual deficit running at $2.3 trillion this year even before Biden asks for a $1.9 trillion aid package.