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Newt's World

Episode 516: Drug Prices in America – Worth the Cost?

Newt's World

Gingrich 360

News, Politics

4.66.4K Ratings

🗓️ 1 February 2023

⏱️ 39 minutes

🧾️ Download transcript

Summary

Why are drug prices so high in the United States? What impact will the recent “Inflation Reduction Act” have on Medicare and drug development? Newt’s guest is Dr. Tomas Philipson. He is the Daniel Levin Professor of Public Policy Studies Emeritus at the University of Chicago, Harris School of Public Policy. He also served as a member of the President’s Council of Economic Advisors from 2017-2019 and as its Chairman from 2019 to 2020. 

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Transcript

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0:00.0

On this episode of Neuts World, in the October 31st edition of the National Review, my

0:10.8

guest wrote an op-ed entitled, On Healthcare, the GOP needs a supply side approach with better

0:17.0

messages.

0:18.0

And its peace caught the attention of a member of our team, Joe Desanis, who works with

0:22.6

me on healthcare policy and reform.

0:24.4

I've been working on the issue of healthcare for more than 30 years, and it's one of the

0:28.6

most challenging public policy issues today.

0:31.8

And I wanted to talk about the inflation reduction act's impact on Medicare and drug

0:36.0

development.

0:37.1

So I'm really pleased to welcome my guest, Dr. Thomas Phillips.

0:41.3

He is the Daniel Levin Professor of Public Policy Studies Emeritus at the University of

0:46.1

Chicago, the Harris School of Public Policy, and Direct, the Becker-Freedman Institute's

0:51.8

program on foundational research in healthcare markets and policies within the Health Economics

0:58.0

Initiative.

0:59.0

He has served in several public sector positions, including as a member of the President's Council

1:04.3

of Economic Advisors from 2017 to 2019, and as its chairman from 2019, 2020.

1:24.5

Thomas, welcome, and thank you for joining me on Neuts World.

1:27.5

Thanks for having me.

1:28.5

Let's start if we could before we get into health policy, just with your background, which

1:32.2

is fascinating.

1:33.6

You were born and raised in Sweden and got your undergraduate degree in mathematics at

1:38.0

Upsali University, but then you came to the States and got your MA and PhD in economics

...

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