Lowering outrageous drug prices

Lowering outrageous drug prices

Welcome to What Could Go Right?, a free weekly newsletter from?The Progress Network ?written by our executive director, Emma Varvaloucas. In addition to this newsletter, which collects substantive progress news from around the world, The Progress Network publishes an?anti-apocalypse conversational podcast also called What Could Go Right? .

We say the world has made remarkable progress, you say show us the receipts.?Sign up to receive this newsletter by email , and we'll send you our reading and listening guide to all the things in the world that have improved in just the past few decades.

This week's edition is a meaty one. Sorry, not sorry? Tell us which story was your favorite in the comments.

Innovating our way to better healthcare

American billionaire Mark Cuban, whom you may know from the TV investing show?Shark Tank?or as the owner of the basketball team the Dallas Mavericks, has?opened an online pharmacy called the Mark Cuban Cost Plus Drug Company (MCCPDC) . The business model is in the name: the pharmacy sells drugs at their cost, plus a 15% markup and a $3 pharmacy fee. Shipping is $5.?

The store doesn’t take insurance, but depending on your plan and which medication you need, the prices on the site may be lower than what you would pay through insurance, anyway. (You still need a prescription to order.) Based on our own perusal and personal experiences, the prices seem similar to what you would pay out of pocket with a high-quality American insurance plan and to European drug prices without insurance. The site could be a great boon for the un- and underinsured. Indeed, if you’re looking for some free smiles this morning, take a ride down Cuban’s Twitter feed for?heartwarming stories of folks finding their medications on the cheap . There are over 100 medications currently available on the site, and Cuban wrote on Twitter that they are “adding more as soon as possible.” The company is also building a plant in Dallas, Texas so they can start selling injectables like insulin.?

Even if you don’t end up a customer, seeing the markup of these drugs, which the site lists along with their own price, is fascinating. As a communications tactic for putting the issue front and center, it’s simple and effective. What is the reason why Gleevec, an oral chemotherapy drug, is sold for $2,500 at pharmacies when it costs $12 to produce a package of 30 tablets?

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A sample of savings from Cost Plus' list of 100+ medications

"There are numerous bad actors in the pharmaceutical supply chain preventing patients from getting affordable medicines," Alex Oshmyansky, CEO of MCCPDC, said in a press release.?

We get that billionaires solving public health issues may not be the ideal solution for lowering drug prices. But this business has moved faster than politics, and its success may very well result in broader change, especially if it ignites and funnels public outrage to the right targets. “Our challenge is to keep pushing prices lower,”?Cuban told TechCrunch . “Our KPI is how much we can reduce the stress of our patients who buy generic meds.”?

Solving our plastic problem, and a till-now undiscovered coral reef

So much plastic, so little to do with it.?Fast Company?has a neat write-up of the company?ByFusion , whose?machines convert nonrecyclable plastic into building blocks ?that can be used for everything from retaining walls to bus stops. The process requires no sorting, no cleaning, and works for every type of plastic except for Styrofoam. “And because the plastic isn’t melted but fused,” the article says, “it doesn’t require an ounce of adhesive, glue, or mortar. As a result, the process yields no waste whatsoever: 22 pounds of plastic makes a 22-pound block.”

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ByFusion's building blocks.?Photo: courtesy ByFusion.

ByFusion’s footprint is small to date, but their goal is to recycle 100 million tons of plastic by 2030, which according to?Fast Company?is a quarter of the United States'?annual plastic production.

We’re keeping an eye on next month’s United Nations (UN) negotiations for a world treaty on plastic pollution.?Major brands like Coca-Cola and Unilever are in support . And while our addiction to plastic wrap is new,?some ideas for replacing it ?(with additional ones in the comments) are quite old.?

In Europe, electric cars outsold diesel for the first time ever . Plus, more research that?electric vehicles (EVs) are the better environmental choice : EVs’ indirect emissions from electricity and battery production “pale in comparison” to diesel cars’, says a Yale University study.

In November, scientists?found a two-mile coral reef near Tahiti that they had no idea existed . Spanning acres, the reef is completely untouched by the climate crisis and suggests that there are more coral reefs out there, possibly thriving, at depths humans have not yet been able to map. “For once, it’s a positive story about coral reefs in the news, which is quite rare these days,” UNESCO head of marine policy Julian Barbiere told CNN. Click the link above for beautiful photos of the reef or below for a video. Meanwhile, for the many, shallower coral reefs that have been bleached due to rising ocean temperatures, scientists are?figuring out protective strategies, from gene editing to probiotics .?

When regulating works

Papua New Guinea has become the?111th country in the world to repeal the death penalty . Their history with it is an interesting one: first abolished in 1970, it was reintroduced in 1991, although no inmates have been executed since then, in part because the country did not have the methods “to conduct executions humanely ,” according to the Death Penalty Information Center. Moving away from capital punishment is a global trend. Sierra Leone became country number 110 to abolish capital punishment over the summer, and 170 of the 193 UN?member nations have either abolished it or do not carry out executions.

The British government introduced a bill to?ban virginity repair surgery ?as an accompaniment to a ban on virginity tests. The surgery, hymenoplasty, which has no medical benefits, stitches together the hymen for “proof” of virginity on marriage nights. The?final report from the expert panel , which was convened to provide direction for the bill, notes that “in many cases, requests for hymenoplasty are the direct result of family coercion.” In our view, illegality would relieve pressure on both the patient and the doctor, who may consider the procedure a protective mechanism against honor-based violence. Next up, then, is the longer and more complex task of uprooting the view that a woman’s worth lies in her purity.

Spain has regulated the cost of antigen tests to just under €3 ?after a price “spike” during the holidays led to €12 tests and public outcry. (Tell that to Newark Airport in New Jersey, where rapid tests were going for $250 a pop in late December.) Government regulation isn’t the only way to achieve low prices—the article mentions other European countries that have achieved under-€3 tests by selling them at supermarkets—but whatever the US is doing (anything?) ain’t working.

It's not just us: progress is in the air

One of our hopes when we launched The Progress Network (TPN) was that conversations about progress would slowly become part of mainstream culture during a period of time when the zeitgeist was decidedly dire in mood. Lately we’ve noticed that the energy around this mission and others like it has become less like disconnected dots on a graph and more like a constellation of stars, a pattern viewable from a distance.?

This week the environmental organization Breakthrough Institute announced?“progress problems” as the theme of their next gathering , and?a new think tank, Institute for Progress , launched, which focuses on policy research and advocacy to remove the bottlenecks to US growth. Jason Crawford, who has been writing about progress since 2017, turned his efforts,?Roots of Progress , into a nonprofit organization this summer with the aim to create a new philosophy of progress for the 21st century. There is?Reasons to Be Cheerful,?a solutions journalism outfit ?founded by David Byrne of the Talking Heads, publishing since 2019, and the?online magazine?Works in Progress , publishing since 2020. (It’s worth noting that many of these projects are funded by similar people and places.) And there are many others—both editorial outposts like Vox’s?Future Perfect?and individuals who run progress-oriented projects and communities—who are active in the space.?

No one knows whither this energy will go, but we love to see it expanding.

Before we go

Don’t tease us, Dr. Hans Kluge. The World Health Organization’s director for Europe said that natural immunity from the Omicron wave plus vaccination “offers plausible hope for stabilization and normalization .” Do you want the pandemic to end? DO YOU? Then we once again take this opportunity to remind you to get vaccinated and boosted. The more of us are vaxxed up, the less likely a new variant will arise and ruin things.?

Lead poisoning affects large numbers of people. And while the issue is not popularly paid attention to, it is a tractable one. Our World In Data’s Hannah Ritchie on the?progress the world has made reducing lead poisoning , and how we can continue it.

Americans are making Europe great again. TPN Member Parag Khanna has an excellent piece in?TIME?on a plan for the US?to attract the best and brightest once more .

Pakistan’s first female Supreme Court judge was sworn in .

Below in the links section,?delivery drivers gain rights, divorce gets easier, whales and rhinos bounce back, and more.

—Emma Varvaloucas

New from the Progress Network

Bonus Podcast Episode: We Are the Outrage Machine

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It's no secret that social media is politically divisive. What we may not be as aware of is how our own behavior feeds into a positive feedback loop that leaves both sides progressively more outraged and more extreme in their beliefs. TPN Member Robert Wright, president of the Nonzero Foundation and a longtime journalist who writes about science, history, politics, and religion, discusses this phenomenon with TPN Executive Director Emma Varvaloucas and gives his best tips for how to avoid a civil war. This conversation was recorded before the 2020 presidential election. |?Listen to the episode

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Christel-Silvia Fischer

DER BUNTE VOGEL ?? Internationaler Wissenstransfer - Influencerin bei Corporate Influencer Club | Wirtschaftswissenschaften

2 年

Thank you Zachary Karabell - welcome ??

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