Valuing Life-Saving Drugs: What is the Price of Life and Who Decides?

Hubwonk host Joe Selvaggi talks with Pioneer Institute visiting fellow Dr. Bill Smith about Quality Adjusted Life Years (QALY) standards, and the ways in which so-called objective cost-containing strategies use expert opinion to determine the value of a life and thereby disadvantage the elderly, disabled, and those with less common vulnerabilities to disease.

Guest:

William S. Smith is Visiting Fellow in Life Sciences at Pioneer Institute. He has 25 years of experience in government and in corporate roles, including as vice president of public affairs and policy at Pfizer, and as a consultant to major pharmaceutical, biotechnology and medical device companies. He held senior staff positions for the Republican House leadership on Capitol Hill, the White House, and in the Massachusetts Governor’s office. He is affiliated as research fellow and managing director with the Center for the Study of Statesmanship at The Catholic University of America (CUA), where he earned his PhD.

Related research: Analysis: ICER Framework Ignores Patient Preferences, Innovation & Societal Benefits in Evaluating Cost-Effectiveness of New Cancer Treatments

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February 21, 2023

Joe Selvaggi talks with Greater Boston Real Estate Board’s President and CEO Greg Vasil about the likely effect on all residents of Boston of Mayor Wu's rent control proposal now before the City Council.

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Unchecked Agency Power: Consumer Safety Bans Fair Process

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February 14, 2023

Joe Selvaggi talks with Pacific Legal Foundation senior attorney Oliver Dunford about his work on Leachco v. Consumer Product Safety Commission, a case challenging the constitutionality of an executive agency structure (CPSC), in which leadership is beyond presidential removal, which uses its product safety mandate to ban products with no independent recourse for producers.

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Cooking Without Gas: Stove Ban a Plan or Conspiracy Theory

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February 7, 2023

Joe Selvaggi talks with reporter and author of six climate policy books Robert Bryce about his investigation into the statements made by the U.S. Consumer Product Safety Commissioner about the safety of gas cooking and the origins of the movement that assert that such appliances could be and should be banned.

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Innovation Reduction Act: Price Controls’ Prescription for New Therapies

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January 31, 2023

Joe Selvaggi talks with Pioneer Institute’s senior fellow Dr. Bill Smith about the changes to drug pricing laws included in the recently passed Inflation Reduction Act provisions and discuss who wins and loses as drug companies announce their response to new law.

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Residents Rescuing Refugees: Welcoming Ukrainians Yearning To Breathe Free

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January 24, 2023

Host Joe Selvaggi talks with George Mason Law Professor, author, and immigration expert Ilya Somin about the newly announced Welcome Corps program which empowers Americans to sponsor and help relocate refugees from Ukraine and other places of war and persecution.

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Sinking U.S. Shipping: Ineffective Law Creates Waves for American Economy

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First-of-Its-Kind Interactive Mapping Tool Reveals Extent of For-Profit Entities Benefitting from the 340B Drug Pricing Program

January 11, 2023

Today, Pioneer Institute released a first-of-its-kind, 50-state mapping tool and database highlighting the troubling way in which hospitals and covered entities leverage unlimited pharmacy contracts under the 340B Drug Pricing Program.

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Shopping Hospital Value: Price Transparency Mandate Brings Market Forces to Medicine

January 10, 2023

Hubwonk host Joe Selvaggi talks with Pioneer Institute's senior healthcare fellow Barbara Anthony about her recently released paper, Massachusetts Hospitals: Uneven Compliance with New Federal Price Transparency Law, and how price transparency can empower consumers to shop for better value and encourage hospitals to offer more competitive costs.

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Immigration Unbound: After Title 42 Comes the Deluge

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Hubwonk host Joe Selvaggi talks with Todd Bensman, senior fellow at the Center For Immigration Studies, about the conditions for aspiring immigrants and border security officials at the U.S.-Mexico border and the likely effects of the expiration of Title 42, a policy that had denied asylum claims during Covid-19.

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Hubwonk host Joe Selvaggi talks with Cato Scholar and author Marian Tupy about his new book, Superabundance: The Story of Population Growth, Innovation, and Human Flourishing on an Infinitely Bountiful Planet, focusing on the contrast in policy perspectives between those who see humans consumers of finite resources and those who recognize the unlimited potential of human ingenuity.

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