Topher Spiro
@TopherSpiro46
White House Office of Management and Budget, Associate Director for Health
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1. One way pharma companies block competition and inflate the cost of medicines is by filing bogus patent listings. Today @FTC challenged over 300 junk patent listings, including for blockbuster weight-loss & type 2 diabetes drugs Ozempic and Victoza. ftc.gov/news-events/ne…
Auto insurance in PPI, which is what goes into PCE, came in much cooler than CPI in March month-to-month: 0.1%, versus CPI's 2.6%. That difference alone will shave ~10bps off of monthly core PCE in March relative to core CPI.
Core CPI inflation comes in at 0.36% MM, the same monthly rate as last month. Markets were expecting ~0.27%. Year-on-year core CPI inflation was 3.80% this month, versus 3.75% in February. A few observations. /1
Nothing to see here. Underlying inflation in core CPI (blue) - services inflation x/ owners' equivalent rent, healthcare & transport - is well very behaved in the March data. We're on the tail-end of start-of-year price resets now. Inflation will slow sharply in April data...
Happy Valentine’s Day, Speaker Johnson!
For years, Congressional Republicans said they wanted to secure the border. President Biden and his team worked for months with a group of bipartisan Senators to reach a historic bipartisan border deal. And then, Congressional Republicans just walked away.
Absolutely wild that this is presented as something the drug companies are doing and not a law that the Biden admin passed.
Starting today, all three major insulin manufacturers are offering $35/mo caps on out-of-pocket costs. Also today, they’re cutting list prices by 70% or more - a move that’s expected to *save* them hundreds of millions of dollars a year.
Health system transformation >
The federal government is offering grants to states for models that set all-payer cost targets, use hospital global budgets, improve health, and advance equity. It's a bold but complex undertaking, and will be interesting to see if any states bite. cms.gov/priorities/inn…
Today, Jill and I mourn the loss of Ady Barkan and offer our deepest condolences to Rachael, Carl, and Willow during such a difficult time. He turned his pain into purpose and, in turn, inspired optimism in the hearts of countless people living with ALS and their loved ones…
Hi all, this is Ady’s wife, Rachael. I’m devastated to share the news that Ady has died from complications of ALS. You probably knew Ady as a healthcare activist. But more importantly he was a wonderful dad and my life partner for 18 years. [1/4]
![AdyBarkan's tweet image. Hi all, this is Ady’s wife, Rachael. I’m devastated to share the news that Ady has died from complications of ALS. You probably knew Ady as a healthcare activist. But more importantly he was a wonderful dad and my life partner for 18 years. [1/4]](https://pbs.twimg.com/media/F94uwUsa8AAbHMP.jpg)
It’s rare to see a more self-defeating “offset” than imposing spending cuts that add to the deficit. This was fairly predictable as the IRS money was originally scored as a deficit reducer.
🚨 CBO says the House Israel bill will add $12.5 billion to the deficit. The reason: GOP’s $14.3 billion in IRS cuts lead to a $26.8 billion reduction in revenue, budget office projects. The new report 👇
Every $1 you cut IRS funding will lose about $2 of revenue. So that means this bill would add about $30 billion to the deficit. crfb.org/blogs/irs-resc…
NEWS w @bresreports -- HOUSE REPUBLICANS' Israel aid bill is out. It offsets $14.3 billion in Israel aid with $14.3 bllion in cuts to IRS from the Inflation Reduction Act. This offset will NEVER, EVER fly. Dems will reject it out of hand. Here's the bill:…
“That is theater. I will tell you, the guy who picks up the trash in my office won’t get a paycheck. That’s real.” — OMB Director Shalanda Young, when asked about House Speaker McCarthy claiming he won't take a salary during the government shutdown and if Biden will do the same
Do you know about the @CDCgov Bridge Access Program? This program will provide no-cost COVID-19 vaccines to adults without health insurance and for those who have insurance that does not cover vaccine costs.
A first: Biden administration uses leverage to require #Regeneron to charge no more in the US for a future #Covid monoclonal than it does in economic peer countries. @statnews' @rachelcohrs reports. statnews.com/2023/09/13/cov…
Paul Friedrichs is going to be the inaugural director of the White House Office of Pandemic Preparedness and Response People who know me know -- I am genuinely thrilled Paul is awesome Let me explain a bit why nytimes.com/2023/07/21/us/…
First on CNN: The White House Council of Economic Advisers has built an apples-to-apples inflation metric that finds inflation in the US is lower than in any other G7 country. cnn.com/2023/06/27/eco… #EconTwitter
The President protected this funding in the debt limit deal.
Since 2020, hundreds of communities have started reporting wastewater data to CDC’s National Wastewater Surveillance System to track COVID-19. Learn more bit.ly/3NkyDjI
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