PHARMA
Bourla bankrolled Dr. Oz's campaign
The day the Inflation Reduction Act passed the House of Representatives last year, plenty of people in the pharmaceutical industry were disappointed that Democrats' drug pricing policies were going to become law. But only one industry executive decided to donate to the campaign of Dr. Oz.
Pfizer CEO Albert Bourla gave Mehmet Oz $2,900, the maximum individual contribution, on Aug. 12, according to federal campaign finance filings. The two make an odd couple politically, as Oz is well-known for peddling medical misinformation, and Bourla touts the merits of scientific innovation as he runs one of the world's largest pharmaceutical companies.
Pennsylvania's Senate race was one of the most competitive in the country, and drug makers were certainly eager to avoid giving Democrats another two years with trifecta control of government. I break down the unusual donation in a new story out this morning.
WHITE HOUSE
Two things to watch on Budget Day
We should be learning a whole lot more about President Biden's budget today, and the STAT team will be tracking all the biggest developments for health care policy. Again, budgets are more of a wishlist than a realistic legislative agenda, but it is at least a signal of the White House's priorities ahead of a politically tense year.
We have two glimpses as to what will be coming out so far. The first is a hint by White House science advisor Francis Collins at our STAT event this week that the administration will request "significant investments" to help eliminate hepatitis C in the United States. (Democratic Rep. Hank Johnson of Georgia hinted that it could be about a $10 billion ask.)
The second is that the Biden administration will be proposing to expand the Inflation Reduction Act's drug price negotiation program to include more drugs, and make drugs eligible sooner after they come on the market. We got a preview earlier this week, but expect more details to come.
HOSPITALS
A red flag for hospitals in a red state
State legislative sessions are well underway, and hospitals are in trouble in Indiana. The Republican-state legislature is considering an unprecedented step to lower hospital costs in the state: price controls.
A bill being considered this session would penalize nonprofit hospitals that charge more than 260% of Medicare rates. It passed the state House on an 85-11 vote, and is now before the Senate. Hospitals oppose it, arguing that they are already operating in the red and the cost containment measures could cause further financial stress.
The state is a hotbed of innovation on hospital pricing policy, driven by a wealthy, well-connected businessman who used to work in the Bush White House and supported by Laura and John Arnold, who I profiled last year.
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