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Thursday, February 7, 2019

Strong European Cresemba sales trigger $5M milestone pay to Basilea from Pfizer

Basilea Pharmaceutica Ltd. (SIX: BSLN) announced today that the European sales of the antifungal Cresemba® (isavuconazole) by Pfizer exceeded the threshold triggering the first sales milestone payment to Basilea of USD 5 million.
Basilea is entitled to receive sales milestone payments if Pfizer’s cumulative Cresemba sales exceed certain thresholds. Pfizer is currently commercializing Cresemba in key European countries, including France, Germany, Italy, Spain and the U.K.
Adesh Kaul, Chief Corporate Development Officer of Basilea, said: “We are very pleased with the first sales milestone payment from Pfizer. It was triggered based on the strong sales performance of Cresemba in Europe, with contributions coming from both the early launch markets as well as from markets where the brand was more recently launched. The strong sales uptake confirms that Cresemba is serving a high medical need and we look forward to making this important treatment available to patients in a rapidly increasing number of countries around the world.”
In June 2017, Basilea signed a license agreement for Cresemba with Pfizer for Europe (excluding the Nordics), Russia, Turkey and Israel. This agreement was extended in December 2017 to include China (with Hong Kong and Macao) and sixteen countries in the Asia Pacific region. Under the agreements with Pfizer, Basilea is eligible for additional regulatory and sales milestone payments of up to USD 645 million, in addition to receiving mid-teen royalties on sales.

Drugmakers say UK could lose out on EU anti-counterfeit drugs push

Drugmakers warned on Friday that if Britain leaves the European Union without a deal next month Britons could miss out on an EU-wide system to fight counterfeit drugs that will go live on Saturday after years of British involvement in building it.

Drugmakers, wholesalers and pharmacies across Europe have worked for more than four years on a system based on a shared database and tamper-proof packages with barcodes that will go live on Saturday, to fulfil the European Union’s Falsified Medicines Directive (FMD).
“It would be an absolute travesty if NHS patients aren’t part of a system specifically designed to protect them. But that’s exactly what could happen in a ‘no deal’ Brexit,” Rick Greville, Director of Supply Chain at the Association of the British Pharmaceutical Industry (ABPI), said in a statement by the lobby group.
“It is just another reason why we urgently need a Brexit deal,” he added.
The British government, which says that about three-quarters of medicines used by the state-run National Health Service (NHS) come via the EU, has outlined plans to ensure Britain has an extra six weeks of drug supplies in the event of a no-deal Brexit.
The global counterfeit drug market is worth around $200 billion (£154 billion) annually, the World Health Organisation says, with often devastating consequences for unsuspecting patients, many of whom live in the developing world.
The problem was highlighted in October by coordinated police raids in 116 countries that netted 500 tonnes of illicit pharmaceuticals available online, including fake cancer medications and pain pills.
The European Medicines Verification System (EMVS) will allow dispensing pharmacists to scan drug packages and link up to a database to give patients assurance on the product’s authenticity.
The European Union said on Thursday it would work with Theresa May on whether a way could be found to avoid the disruption of a no-deal Brexit on March 29, after the British prime minister demanded changes to the divorce deal to get it through parliament.
The highly regulated drugs sector is seen as one of the most vulnerable to a no-deal outcome due to its pan-European supply chains and need for regulatory oversight.

Robotic Mastectomy in US: Starts, Draws Fire, Stops

Robotic mastectomy for invasive breast cancer was performed for the first time in the United States last year, but the move toward this surgical approach ground to a halt soon afterward.
The first such operation was performed in September 2018 by Stephen Chagares, MD, at the Monmouth County Medical Center in Long Branch, New Jersey.
Chagares “docked” the robot well off to the side of the breast. The resulting incision left a scar hidden under the armpit. The robotic nipple-sparing mastectomy involved total removal of breast tissue, followed immediately by implant placement.
The patient, Yvonne Zucco, was very satisfied, according to an articlepublished in October in the Asbury Park Press.
“I don’t even look like I had anything done,” said Zucco, aged 56.
“To be able to wake from surgery, look down, not see any visible scars and have my nipples and areolas intact with implants in is amazing,” she said in a press release about the surgery.
“Robotic mastectomy, with immediate reconstruction, opens the door to a new era of mastectomy and a new outlook for patients who are candidates,” commented Chagares.
However, robotic mastectomy was soon stopped by the community-based center, which “decided to suspend the procedure until further review.”
Months later, there has been no change in policy at Monmouth Medical Center since it issued its brief original statement, a spokesperson told Medscape Medical News this week.
What happened?
The answer appears to be that Hooman Noorchashm, MD, PhD, a Philadelphia-based surgeon turned patient advocate, became involved and raised questions about the safety and appropriateness of using the da Vinci robot (Intuitive Surgical Inc), which is not approved for mastectomy.
“Certainly, [robotic mastectomy] is not ready for prime time or widespread application in community hospital settings in the United States,” Noorchashm commented in an email to journalists about the procedure and the case at Monmouth Medical Center.
However, this past week, Noorchashm upped his rhetoric, telling Medscape Medical News that the robotic mastectomy scenario in North Jersey — and events unfolding elsewhere — have the potential makings of the beginning of a public health “disaster.”
The former cardiovascular surgeon at the University of Pennsylvania believes he has a feel for such disasters, after his wife, Amy Reed, MD, died of uterine cancer in 2017 following a laparoscopic hysterectomy performed with a power morcellator that resulted in the upstaging of an undetected gynecologic cancer. The tool, which is regulated as a 510K device, was used for 20 years, during which time no randomized controlled trial was ever conducted that compared the safety and efficacy of the device with that of the standard of care, traditional hysterectomy. However, thanks to efforts by the couple, these devices now carry a warning label stating that they should not be used for most women who undergo hysterectomy or myomectomy for uterine fibroids.
“The reason why I am focused on robotic mastectomy is because I think there is a parallel [with hysterectomy via power morcellator] of selling cosmesis and convenience to women for a surgical operation,” he said during an interview.
The US Food and Drug Administration (FDA) has a history of being lax in its oversight of 510K devices, which include the power morcellator and the da Vinci robot, he said. These devices can replace established standards of care without “proper evidence,” he added.
Moreover, minimally invasive cancer surgery is not necessarily superior, he said, pointing to recent results showing that the treatment of cervical cancerwith laparoscopic hysterectomy, which has long been touted as involving less morbididity than traditional hysterectomy, resulted in lower survival.

Why Is Robotic Mastectomy Worrisome?

Why is robotic surgery for breast cancer — and not for other cancers — such a great worry to Noorchashm? “It all comes down to trying to get a large specimen out of a small incision,” he answered.
Traditional open mastectomy optimally results in the en bloc removal of a tumor — in one whole piece — to avoid fragmenting the cancerous tissue and possibly leaving residual disease behind. These events are associated with a higher risk for recurrence and treatment failure, he explained.
Noorchashm believes — but has no evidence — that robotic mastectomy may be especially susceptible to tissue fragmentation precisely because it uses a small incision, which is “a major selling point,” he said.
However, New Jersey surgeon Chagares told the Philadelphia Inquirer in December that he believes the robot “does not pose a greater risk of fragmenting the tumor.” The procedure is “the same technical mastectomy as I have been performing for 24 years, just using a scope for more accurate and magnified visualization,” he said.
Patient advocate Noorchashm disagrees, saying the robot “radically changes the operation.”
Critics and supporters agree that the robotic procedure takes longer and costs more, and there are as yet no long-term results.
The surgery was initially spearheaded by surgeons in Europe. It is currently the subject of a randomized trial in Italy, in which traditional mastectomy is the control arm. It is also being studied in a single-arm clinical trial in France.
In the United States, robotic mastectomy has not yet been studied in a clinical trial. However, investigators at the University of Texas MD Anderson Cancer Center in Houston told Medscape Medical News that they are planning to initiate a clinical trial “to study minimally invasive surgery for mastectomies in a select group of patients.” Appropriate FDA clearances will be obtained prior to initiation, they said.
A Chicago-based surgeon believes the approach has great promise, including in community settings.
Barry Rosen, MD, a general surgeon at the Illinois Masonic Medical Center, told Medscape Medical News that nipple-sparing mastectomies are a “difficult operation” and that only a small percentage of general surgeons offer it, despite its desirability among patients.
Robotic breast surgery, with its inherent ability to avoid nipple removal, can overcome two obstacles that make the traditional nipple-sparing approach so challenging, said Rosen: “It is designed to put the surgeon’s eyes into difficult-to-reach places and does not require forceful countertraction.” The latter likely reduces the risk for skin necrosis, he added.
“Ultimately, I believe robotic mastectomy will help patients by opening the door to many more surgeons offering the [nipple-sparing] operation,” said Rosen speculatively.
Rosen would prefer a trial setting for the initial usage in the United States.

A Very Different Vision

In 2018, another robotic mastectomy was performed, this time for prophylaxis for a patient who carried the BRCA mutation and was at high risk for breast cancer. The procedure was performed at the Long Island Jewish Medical Center, an academic center in New Hyde Park, New York. It does not appear that any other robotic mastectomies have taken place in the United States.
The procedure is not used for lumpectomies, pointed out Alice Yao, MD, a plastic surgeon who uses the da Vinci device for breast reconstructive surgery at Icahn School of Medicine at Mount Sinai in New York City.
“The incision [with lumpectomy] is already very small, so there is no benefit to the robot,” she told Medscape Medical News.
Virtually all of the robotic breast surgeries performed in the United States are for breast reconstruction, not mastectomy, she emphasized.
Those robotic breast reconstructive surgeries are being performed by Yao at Mount Sinai as well as by surgeons at the University of Pennsylvania and MD Anderson.
“In breast reconstruction, the traditional skin incision can be 15 to 45 cm. In the robotic version, it is only 5 to 8 cm. This is a big deal in our field,” said Yao, referring to plastic surgery.
Yao is one of only a small number of surgeons in the United States who is trained in robotic breast surgery.
Jesse Selber, MD, a plastic surgeon at MD Anderson who is a pioneer in robotically assisted plastic surgery, is another.
Selber, who trained Yao, has stated that robotic mastectomy is the future — for a subset of breast cancer patients who qualify. These would include women with smaller breasts.
In an editorial in the January issue of the Annals of Surgical Oncology, Selber writes that the nipple-sparing version of the procedure is the “next step” in the “evolution of minimally invasive breast surgery.”
“Mastectomy has come a long way, and robotic nipple-sparing mastectomy promises to reduce morbidity and improve cosmetic outcomes even further,” enthuses Selber.
The new approach was first described in 2015 and is “catching on in Europe, where early results have been very promising,” he writes.
Selber says that low rates of conversion to open mastectomy and skin necrosis, as well as high patient satisfaction, “characterize early European experience.”
Patient advocate Noorchashm knows Selber from the time they shared years ago as surgery residents at the University of Pennsylvania. He read Selber’s new editorial and immediately wrote to the Texas-based surgeon.
“The fact that you are touting this procedure without really having any idea as to what the oncological outcomes of this radical change to the standard of care are going to be, is quite frankly shocking to me — especially from a place like MD Anderson,” Noorchashm wrote last week in an email shared with Medscape Medical News and other news outlets.
Noorchashm raised the specter of a possible medical disaster with Selber, as he has to some extent in other recent letters to department heads at MD Anderson and to officials at the FDA.
He has not yet heard back from anyone other than the FDA, which acknowledged his communication.

Taiwanese Study

Selber’s editorial in the Annals of Surgical Oncology accompanies a small retrospective study from Taiwan. That study involved 23 patients who underwent the robotic mastectomy procedure, followed by immediate breast reconstruction.
The study authors, led by Hung-Wen Lai, MD, PhD, of Changhua Christian Hospital in Taiwan, report that there have been no occurrences of nipple necrosis and no positive margins, and they say that all patients were satisfied with the procedure.
They also comment that the procedure “could be a promising new technique for breast cancer patients indicated for mastectomy.”
In an additional comment, Lai summarizes that “women with small-to-medium-sized breasts, node-negative, and tumor located at upper outer quadrant with adequate skin to tumor distance (3 mm) are good candidates.”
Notably, he calls for research with long-term follow-up “to confirm the oncologic safety” of the procedure.
Lai’s study was funded by the Ministry of Science and Technology of Taiwan. The study authors have disclosed no relevant financial relationships. Selber, Noorchashm, Yao, and Rosen have disclosed no relevant financial relationships.
Ann Surg Oncol. 2019;26:42–52. AbstractEditorial

Medicare ACOs loath to assume risky contracts given short deadline to decide

Experienced accountable care organizations are leaning toward less risky contracts in the recently revamped Medicare Shared Savings Program given the short deadline to apply, but have no plans to exit the program.
About one-third of Medicare ACOs have until Feb. 19 to decide if they want to renew their contracts in light of changes made to the program. And although leaders of current ACOs say they won’t be leaving, the short deadline is pushing them to select contracts with less downside risk.
“It’s a big deal to make that kind of decision in a month-and-a-half and over the holiday,” said Don Calcagno, president of Advocate Physician Partners, the clinically integrated network in Illinois that’s part of Advocate Aurora Health. Advocate’s ACO is currently in Track 1+, the MSSP’s introductory downside risk contract, and Calcagno said Advocate will likely stick with the equivalent of that track in the revised program given the short time the board has to decide on how well it could do in other contracts with more downside risk.
The CMS finalized the overhaul of the MSSP program—called Pathways to Success—on Dec. 21, giving ACOs about two months to make their decisions. And there are a lot of changes for ACOs to consider by Feb. 19. The new MSSP program, which takes effect July 1, requires ACOs to take on downside risk more quickly.
The agency made the decision in response to risk-averse ACOs that were costing Medicare millions. The vast majority of ACOs—82%—are currently in Track 1, the program’s upside contract in which ACOs aren’t on the hook for financial losses but the CMS must give out savings based on performance.
The short deadline prompted the National Association of ACOs, the American Medical Association and other stakeholder organizations to write a letter to CMS Administrator Seema Verma asking for a March 29 extension to the deadline.
A CMS spokesman said in an email that while the agency “can’t” extend the deadline, it’s offering two application cycles: one that begins in July and another that starts in January. Usually, the CMS only runs one application cycle each year in January. The spokesman added that the agency recently hosted two webinars to help ACOs understand the changes to the program and prepare for the Feb. 19 application process.
Under the redesigned program, ACOs can choose to participate in one of two tracks: basic or enhanced. The basic track, which has a five-year performance period, only allows incumbent ACOs to be in a one-sided risk contract if they have no prior experience with downside risk and the option only lasts for one year. In subsequent years of the basic track, ACOs will be forced to enter contracts with “progressively higher risk,” according to the CMS. The enhanced track is based on Track 3 of the MSSP, which is the most advanced track with the most downside risk. The agency expects all ACOs to graduate to the enhanced track.
Medicare Shared Savings Program participation
Advocate’s ACO is the second-largest Medicare ACO in the country in terms of covered lives, according to Leavitt Partners. About 5,000 physicians along with 120,000 beneficiaries are part of the ACO.
Calcagno said the ACO is still weighing whether it will apply for the enhanced track or Level E of the basic track, which closely reflects Track 1+ in terms of shared losses that ACOs are on the hook for. Advocate’s decision is coming down to time and money.
In the enhanced contract, the shared-loss rate is as high as 75% versus the Level E contract, where the shared loss rate is 30%. Calcagno said that difference could mean Advocate losing more than $230 million versus $60 million. Given the short time frame, he said Advocate will likely pick Level E.
“Looking at those numbers, that’s a big decision, and to be given a short window of time that’s not very tenable,” Calcagno said.
At Aledade, four of its six ACOs up for contract renewal this month need to decide if they are going to take on downside risk. Although Aledade will be pushing the physicians to agree to two-sided risk contracts, it’s a hard decision given the lack of data available to ACOs with the current deadline, said Travis Broome, vice president of policy and ACO administration at Aledade.
ACOs rely on cost and performance data to understand how they will perform in risk-based contracts, but the ACOs up for the contract renewal won’t have vital 2018 performance data they need for several more months, Broome said.
“Our goal as a company is for all of our ACOs, when they get to the second contract, to be able to go to risk but with the shortened deadline—that makes it less of a sure thing to try to make sure that’s maintained,” Broome said.
For some ACOs, contract renewal decisions have been easier. For example, the Physician Organization of Michigan ACO has been preparing to transition to downside risk for two years, said Dr. Timothy Peterson, executive director of the ACO.
The ACO, which has 4,500 providers and 80,000 beneficiaries, has been in Track 1 of MSSP since 2013 and was preparing to move to Track 1+ this year. Peterson said the ACO plans to apply to Level E of the basic track since it closely resembles Track 1+.
“We needed to make the transition to two-sided risk anyway and we had done a lot of homework on the tracks,” he said. “We would’ve been ready to go in January, and Medicare pushing the deadline to July just delays the transition for us.”

Democrats introduce revamped Medicare Part D negotiation bill

Congressional Democrats on Thursday introduced a bill to force drugmakers to negotiate prices within Medicare Part D or face losing their patent exclusivity.
Under the proposal, introduced by Rep. Lloyd Doggett (D-Texas) and Sen. Sherrod Brown (D-Ohio), the government could approve a generic competitor if a branded-drug manufacturer doesn’t agree to a reasonable Part D price for a given medication. This would give teeth to HHS Secretary Alex Azar’s mandate to negotiate prices, but avoids the controversy of excluding certain drugs from coverage under Part D.
Analysts frequently point out that effective negotiation would require Medicare to be able to refuse to cover certain high-cost medications, as the Veterans Affairs Department can.
This proposal from Doggett and Brown has about 100 Democratic co-sponsors and is the first fleshed-out idea from Democrats this Congress for how broad negotiation within Medicare Part D could work mechanically. Generic-drug companies would have to pay royalties to the branded-drug manufacturer if their product is approved.
It also comes two days after President Donald Trump in his State of the Union address called for Congress to work on more aggressive pricing legislation, and as the GOP-led Senate Finance Committee undertakes its own effort. Senate Finance Committee Chair Chuck Grassley (R-Iowa) has criticized Medicare price negotiation proposals as government price-fixing.
Several lawmakers and the White House have varying ideas on how to cut healthcare spending, especially drug costs. House Democratic leadership is hammering out its own ideas for drug pricing, and Azar is trying to drum uplegislative support to tie Medicare Part B drug prices to the lower costs in other countries.
Doggett’s bill includes a nod to the international reference-pricing model proposed by the Trump administration, albeit as a stopgap: as the generic drug undergoes U.S. Food and Drug Administration approval, Medicare could peg its costs to prices paid in other similar countries.
House Democratic leaders haven’t disclosed details yet of their upcoming proposal, but Doggett said Thursday they are discussing binding arbitration as one way to get to broader negotiation.
Henry Connelly, a spokesman for House Speaker Nancy Pelosi (D-Calif.) did not confirm this, but said Democrats are discussing a number of options.
“House Democrats are looking at a variety of aggressive drug-price negotiating mechanisms as we develop our flagship prescription drug price legislation,” Connelly said. “We’ll continue to press the Trump administration to remember the promises of candidate Trump, and work with Democrats to pass the tough drug-price negotiation legislation that is necessary to make any real headway in lowering prescription drug costs.”
Doggett chairs the House Ways and Means Committee’s health panel and has pushed for negotiation within Part D since its inception. At a news conference Thursday he said he hopes the multiple Democratic-led House committees that have already started pushing hard on drug prices will accelerate work on the issue, although prospects of getting a House vote on this particular proposal aren’t firm.
“There are no guarantees yet,” he said. “There are a number of different approaches that are out there.”
Doggett and Brown—flanked by several co-sponsors including Sen. Tammy Baldwin (D-Wis.)—unveiled the proposal in a news conference Thursday. The effort is co-led by other key Democrats: Reps. Elijah Cummings of Maryland and Peter Welch of Vermont and Sen. Amy Klobuchar of Minnesota.

Athenahealth shareholders vote in favor of $5.7 billion purchase

Athenahealth shareholders voted overwhelmingly in favor of the electronic health record provider’s $5.7 billion purchase by two private equity firms Thursday, in addition to generous stock awards for its executives.
Ninety-nine percent of the voting shares were cast in favor of the deal, or 28 million shares out of 28.2 million voting shares present for Thursday’s vote. The owners of roughly 175,000 shares voted against the deal, while another 33,000 abstained.
Support wasn’t as strong for the stock award and golden parachute compensation packages Athenahealth’s executive officers and directors will receive once the deal closes. Only about three-quarters of voting shares were cast in favor of the package, or 21.5 million for, 6.6 million against and 112,000 abstaining. The compensation vote was non-binding, advisory vote.
The 28.2 million shares represented in Thursday’s vote represented only 68% of the 41 million shares whose owners were eligible to vote.
The deal has met all necessary regulatory approvals, so closing is likely imminent. Once that takes place, Athenahealth will go from being a publicly traded company to a private one.
Veritas Capital and Elliott Management’s Evergreen Coast Capital announced in November plans to buy Athenahealth for $5.7 billion and combine it with the former GE Healthcare company Virence Health Technologies. The deal is expected to close in the first quarter, with the firms paying through a combination of cash-on-hand, as well as debt and equity financing.
Upon closing, Athenahealth shareholders will receive $135 in cash per share of common stock, representing a premium of about 12% over the company’s closing price on the last day of trading prior to the pending deal’s announcement.
The groups said they expect the resulting business will be a leading healthcare information technology company with an extensive provider network and solutions to help them thrive in an increasingly complex environment. The company will be led by Virence CEO Bob Segert and an executive team comprised of leadership from both companies.
The proposed deal hit a snag in December and early January when three shareholders filed lawsuits that said Athenahealth’s original proxy filing to shareholders was misleading and left out material information. In an updated proxy filing on Jan. 28, Athenahealth announced that all three plaintiffs had voluntarily dismissed their lawsuits.
One of the lawsuits, Hamilton v. Athenahealth, took issue with the more than $26 million in stock awards Athenahealth’s executives and board members will receive once the deal closes, arguing the deal will “create a windfall for Athenahealth’s executive officers that is unavailable to the comment stockholders.” The complaint also cited the golden parachutes proposal, which is worth a combined $20.3 million. That lawsuit also argued that the price of $135 per share does not adequately compensate the company’s shareholders.
“In the end, Elliott got what it wanted,” the complaint stated. “Athenahealth is going private, but Elliott is paying less than the company is worth. If history is any indication, Elliott will sell Athenahealth in a few years for a premium. Elliott will profit; the other Athenahealth shareholders will not.”

New Medicare for All draft bill sets a global budget model

A draft version of House Democrats’ upcoming Medicare for All bill proposes a national system that would pre-pay hospitals with lump sums while keeping a fee-for-service model for individual physicians.
The 127-page draft, obtained by Modern Healthcare and dated Jan. 14, in many ways tracks with the system laid out in the 2017 bill from Sen. Bernie Sanders (I-Vt.) who brought Medicare for All to the forefront of progressive Democratic policy. But where the Sanders bill sidestepped the question of how the system would be funded by leaving it to the executive branch, the proposal from Rep. Pramila Jayapal (D-Wash.) lays out specific details of a nationalized global budget system.
First, the bill would set up regional directors tasked with overseeing all hospitals, healthcare facilities and physicians in specific geographic areas. The HHS secretary would appoint those overseers.
The regional directors would then negotiate each year with the facilities to set a lump sum, or global budget, that the government would pay out in advance to all institutional providers. These include hospitals, nursing homes, federally qualified health centers, home health agencies and independent dialysis facilities.
The negotiated budget would be based on several factors, including the provider’s three-year history of expenses and maximum capacity for patients, as well as staffing requirements.
The existing prospective payment system would serve as the baseline rate to jump-start the global budget negotiations.
Once the budget is set, hospitals and other institutions would need to stick to it for all outpatient and inpatient treatment. However, this budget would also be up for review by the regional director four times a year.
“The regional director, on a quarterly basis, shall review whether requirements of the institutional provider’s participation agreement and negotiated global budget have been performed and shall determine whether adjustments to such institutional provider’s payment are warranted,” the draft bill said.
Some physicians, including those in certain group practices, could opt to receive a salary from a hospital or other provider subject to the global budget.
Individual physicians, including those who belong to group practices and don’t opt for a salary, would be paid through fee-for-service according to a fee schedule set by the HHS secretary. Like the institutional providers, physicians wouldn’t be allowed to charge their patients anything for their care.
The HHS secretary would need to update the fee schedule annually.
The idea of global budgets has been circulating in policy circles around discussions about rural healthcare. Last year, a key Senate panel discussed a global budget model for Medicare as a way to boost struggling rural hospitals.
Like the Sanders bill, Jayapal’s proposal lays out generous benefits without any cost-sharing, as well as sweeping authority for the HHS secretary.
Emergency transportation; prescription drugs and medical devices; mental health and addiction treatment, including for inpatient stays; laboratory tests; dental and vision care; podiatry; and even dietary and nutritional therapies as approved by the HHS secretary would all fall under the law.
A spokesperson for Jayapal did not respond by deadline as to the status of the Jan. 14 draft. Jayapal has said she expects to introduce the bill as soon as next week.
As hype ramps up among progressives for Medicare for All ahead of the 2020 presidential election, House Speaker Rep. Nancy Pelosi (D-Calif.) has committed to hearings on the policy this Congress.
She has also tapped Rep. Brian Higgins (D-N.Y.) to lead Medicare buy-in legislation, according to her spokesman Henry Connelly.
“For the first time, House committees will be seriously examining and tackling some of the questions and possible solutions raised by Medicare For All legislation,” Connelly told Modern Healthcare.
The preamble to the legislation lays out the pitch for the broad national system, including the statistic that 29 million remain uninsured after implementation of the Affordable Care Act.
Of the insured, 43% “have difficulty meeting their deductible and approximately one-third say they find premiums and other cost-sharing unaffordable,” the draft bill states.
The legislation goes on to detail industry profits, citing a single year’s data showing nearly $20 billion in profits for insurers, $125 billion for the 20 largest drugmakers and $15.2 billion for for-profit hospitals.