policy
Who came up with a $35 insulin price cap?

Evan Vucci/AP
The idea of a $35 monthly cap on insulin has popped up in nearly every corner of the American health care system. It was codified in Medicare, has been reflected in multiple state laws, and is the basis for proposals in Congress to extend cost protections to people with insurance through their jobs. Even pharmaceutical companies have adopted similar limits in their copay assistance programs.
But the origin story of that oddly specific dollar amount has not been previously reported. Both President Biden and former President Trump love to claim credit for getting more people $35 insulin. STAT's Rachel Cohrs Zhang reports that the credit should actually go to one giant pharmaceutical company — just the type that both men claim to have challenged. Read her exclusive story in STAT+ to learn more. (And look at the featured image above for a hint.)
drugs
Federal health agencies issue warning on a shroom company's edibles
The CDC and FDA are investigating Diamond Shruumz brand chocolate bars, cones, and gummies for a potential connection with severe acute illnesses experienced by 12 people around the U.S., 10 of whom were hospitalized. Patients experienced symptoms including seizures, tremors, muscle rigidity, abnormal heart rate and blood pressure, and slowed neurological function, the agencies announced yesterday. None have died.
Most "magic mushroom" products like these don't actually contain psilocybin. Those that are available in smoke shops around the country can be sold because they're made from a different mushroom that's legal — but still hallucinogenic, STAT's Nick Florko reported in a short video earlier this year. "It's just the latest example of how public health policy has been impacted by entrepreneurs finding loopholes in our federal drug policy," he says.
one big number
$4.8 trillion
That's the estimated amount of money that was spent on hospital care, clinical services, drugs, and all other health spending in 2023, according to data from the Office of the Actuary at the Centers for Medicare and Medicaid Services. And projections based on the data, published yesterday in Health Affairs, show that number is expected to rise to $7.7 trillion by 2032.
awards
Three scientists win the 2024 Kavli nanoscience prize
Three scientists won the 2024 Kavli nanoscience prize for their seminal work in biomedicine, the Norwegian Academy of Sciences and Letters announced yesterday. Only awarded once every two years, the prize recognizes scientists for significant contributions to astrophysics, nanoscience, and neuroscience. Ten out of 65 past winners have gone on to win the Nobel Prize.
You may know winner Robert Langer as the co-founder of Moderna, who was recognized for his research to improve drug delivery. Paul Alivisatos, a physical chemist and currently the president of the University of Chicago, won for his application of "quantum dots" in medicine. And Chad Mirkin, a chemist at Northwestern University, won for pioneering the construction of spherical nucleic acids. To learn about the scientists and their work, read more from STAT's Rohan Rajeev.
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