Arrangement, and are you guaranteeing what is the price of the drug when are you saying you are only going to get paid x if you reach a cure level or certain level of adherence. Theres some interference there, and its used as an excuse for those types of arrangement or getting out of those arrangements by pharmaceutical companies. The other is the fda approves the drug if it works. And they dont necessarily approve it saying whether it works better than things that have previously been approved or whether it doesnt work better than thing previously approved. And that can create some friction when it comes to dealing with providers who seem to want to gravitate toward the newest and the latest, even if it really doesnt turn out to work any better than some of the alternatives that have come down the pike before. So whats the solution there . More as we heard on the earlier panel, more effectiveness, information and data . I think the comparative effectiveness would really help. Then you
You talked about sitting across the table negotiating these kinds of arrangements. As you would sit across the table talking to somebody about a valuebased arrangement, one of the issues that ken identified was what if the payoff is way down the line . Would your health plan integrated Delivery System, youve got to pay the bill for the drugs today. How do you factor in a benefit that may be ten, 20, 50 years down the line . Who is that rebate check going to go to someday when that benefit crops up . Somebody enrolled in kaiser today may be someplace else, cigna, wherever else tomorrow. How do these how do you perceive these contracts are actually going to work in the real world . Well, its you know, its a combination of who benefits. And how do you project the future risk of individuals and populations based on the result that will happen today . To put it in your analogy. So in our example, we now know, because we have all of our patients on the Electronic Health records and we have d
And coming up, more on the recent health and Human Services forum on pharmaceutical innovation and drug costs. Up next, senators from medicare and medicaid acting administrator andy slavit and purchasing strategies for the pharmaceutical industries. This includes manufacturers, employers, consumers, Health Insurance providers and government officials. Once again, if you will all take your seats well get started on the final panel of the day. Where as promised, well devote our discussion to outcomes based purchasing, what is the potential for those, what are the obstacles and how do we get to better value and better accessibility for patients as soon as possible through these and other mechanisms. Let me introduce our panelists now. You have been introduced to at least this gentleman there, dan durham, Senior Vice President of ahib, thats americas Health Insurance plans. And ken frazier is with us, the president and chief executive officer of merck and company. One of the premier pharma
Deciding the prices . Corporate chutzpah. Stahl raise the price, period. Just a question of how brave they are and how little they want to end up in the New York Times or on 60 minutes. Stahl tonight, the story of the doctors revolt against the high price of cancer drugs. Almost there, almost there. Cooper meet chaser. She may be the smartest dog in the world. They say she has a vocabulary of more than 1,000 words and knows the difference between nouns and verbs. What is Science Learning from mans best friend . Youll be surprised. When dog and humans make eye contact, that actually releases whats known as the love hormone, oxytocin. When dogs are looking at you, theyre essentially hugging you with their eyes. Im steve kroft. Im lesley stahl. Im bob simon. Im anderson cooper. Im bill whitaker. Im scott pelley. Those stories tonight on 60 60 minutes. Well, its been the number one lovesoup in america. . slurp slurp slurp slurp for four generations. family laughs some things just run in th
Deciding the prices . Corporate chutzpah. Stahl raise the price, period. Just a question of how brave they are and how little they want to end up in the New York Times or on 60 minutes. Stahl tonight, the story of the doctors revolt against the high price of cancer drugs. Almost there, almost there. Cooper meet chaser. She may be the smartest dog in the world. They say she has a vocabulary of more than 1,000 words and knows the difference between nouns and verbs. What is Science Learning from mans best friend . Youll be surprised. When dog and humans make eye contact, that actually releases whats known as the love hormone, oxytocin. When dogs are looking at you, theyre essentially hugging you with their eyes. Im steve kroft. Im lesley stahl. Im bob simon. Im anderson cooper. Im bill whitaker. Im scott pelley. Those stories tonight on 60 60 minutes. Well, its been the number one lovesoup in america. . slurp slurp slurp slurp for four generations. family laughs some things just run in th