Beggar-Thy-Neighbor Medicine
A $1,000 pill ignites an ObamaCare war of all against all.
To understand how ObamaCare is already bending the future of U.S. medical progress, consult the furor over specialty drug prices, as an alliance of convenience among third-party payers assails pharmaceutical innovation as too costly. Maybe patients should give up on cures and, as President Obama once put it, just take the painkiller.
This new defeatism has been triggered by the fake crisis of one of the most successful drug launches in modern history, the Gilead Sciences GILD -0.77% therapy for Hepatitis C. About 3.2 million Americans are infected with this blood-borne disease of the liver, which kills about 80,000 people a year, or five times the death rate of AIDS. Now a biologic drug called Sovaldi cures the virus in at least nine of 10 patients, and perhaps even 98%. ...
... PricewaterhouseCoopers estimates Sovaldi and other Hep C therapies will spike the U.S. medical cost trend by 0.5% in 2014, and some commercial insurers may miss their profit forecasts as a result of the pent-up need.
Nicholas G. Moore - Gilead | Investors
investors.gilead.com/phoenix.zhtml?c=69964&p...
Mr. Moore is the retired global Chairman of PricewaterhouseCoopers LLP, a professional services firm formed in July 1998 by the merger of Coopers & Lybrand ...
Gilead Sciences
Gilead | Investors | Board of Directors
investors.gilead.com/phoenix.zhtml?c=69964&p=irol...
Mr. Moore is the retired global Chairman of PricewaterhouseCoopers LLP, a professional services firm formed in July 1998 by the merger of Coopers & Lybrand ...
Gilead Sciences
Nicholas G. Moore Joins Gilead Sciences Board of Directors
investors.gilead.com/phoenix.zhtml?c=69964...
Mr. Moore, 62, is the recently retired global Chairman of PricewaterhouseCoopers, the firm formed in July 1998 by the merger of Coopers & Lybrand and Price ...
Gilead Sciences
Gilead | Investors | Committee Composition
investors.gilead.com/phoenix.zhtml?c=69964&p=irol...
Mr. Moore is the retired global Chairman of PricewaterhouseCoopers LLP, a professional services firm formed in July 1998 by the merger of Coopers & Lybrand ...
Gilead Sciences
https://twitter.com/Team_LIBer8/status/492791607645569025
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