Will Anyone Be Able to Afford Covid Drugs?
Prognosis: Misconception
Bloomberg
4.1 • 838 Ratings
🗓️ 3 June 2020
⏱️ 16 minutes
🧾️ Download transcript
Summary
Senate Finance Committee Chairman Chuck Grassley insists that the long-delayed drug-price bill he is co-sponsoring will get a vote this year. Grassley worries that if the bill doesn't pass, drugmakers will charge whatever they want for Covid-19 related drugs. But drug lobbyists are counting on the coronavirus making drug pricing reform obsolete. Emma Court and Riley Griffin spoke to Senator Grassley about the bill.
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| 0:00.0 | Are you looking for a new podcast about stuff related to money? |
| 0:05.3 | Well, today's your lucky day. |
| 0:07.1 | I'm Matt Levine. |
| 0:08.2 | And I'm Katie Greifeld. |
| 0:09.5 | And we are the hosts of Money Stuff, The Podcast. |
| 0:13.0 | Every Friday, we dive into the top stories about Wall Street, finance, and other stuff. |
| 0:17.9 | We have fun. We get weird, and we want you to join us. You can listen to |
| 0:22.0 | Many Stuff the Podcasts on Apple Podcasts, Spotify, or wherever you get your podcasts. |
| 0:30.6 | Welcome to Prognosis. I'm Laura Carlson. It's day 84 since coronavirus was declared a global pandemic. |
| 0:43.3 | Our main story? Dozens of pharmaceutical companies are pouring resources into developing new drugs that can help blunt the effects of the pandemic. |
| 0:55.4 | But the outbreak has halted the momentum behind a bill that would slow the rising price |
| 1:00.0 | of such drugs. |
| 1:02.1 | Still, Senator Chuck Grassley told Bloomberg, he believes drug price reform isn't dead yet. |
| 1:10.4 | But first, here's what happened today. |
| 1:15.4 | Protests against police violence continued in every state in the U.S. and some cities around |
| 1:24.9 | the world. |
| 1:26.3 | Some protesters defied U.S. city curfews, |
| 1:29.3 | but demonstrators were overwhelmingly peaceful. |
| 1:33.8 | Still, President Donald Trump on Wednesday urged police to get tough |
| 1:39.4 | and appeared to double down on his support for the use of greater force to quell protests. |
| 1:47.0 | The pandemic isn't finished with the U.S. labor market. Economists believe a second wave |
| 1:53.2 | of job cuts is around the corner, and this one will hit white-collar workers particularly |
... |
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