Is Healthcare Affordability Driving a Need to Revolutionize Drug Pricing?

The Explosion of Innovative, New Therapies and Payers’ Crisis of Affordability

New Orleans, LA, USA—May 22, 2019—ISPOR, the professional society for health economics and outcomes research (HEOR), held its final plenary of the ISPOR 2019 annual conference with, “Is Healthcare Affordability Driving a Need to Revolutionize Drug Pricing?”

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High Healthcare Costs in the United States—Could Formal Health Technology Assessment Be a Solution?

New Orleans, LA, USA—May 22, 2019—ISPOR, the professional society for health economics and outcomes research (HEOR), explored the possibility of health technology assessment (HTA) in the United States this morning at its ISPOR 2019 annual conference with the session [IP26], “Could Formal HTA Be a Solution to High Healthcare Costs in the United States?”

The United States has the highest healthcare costs per person in the world. HTA is often seen as a method for drug cost control; however, the US healthcare system lacks a national HTA body with a formal mandate and binding authority. A number of differences in the US healthcare system complicate the issue, such as reimbursement structures, stakeholder incentives, and a pluralistic payer system. The United States’ notable absence of an HTA body contrasts markedly with other countries where healthcare is more affordable. The increase in the number of institutions in the United States that are developing value frameworks for assessment of therapies could signal a greater willingness to accept formal HTA as part of reimbursement.

Panelists for the session included:

  • Wrik Ghosh, MSc; Costello Medical Singapore Pte Ltd; Singapore
  • Sarah Breen, MA, MSc; MSD UK; Hoddesdon, England, UK
  • Thomas Butt, PhD; Peking University; Beijing, China
  • Daniel A. Ollendorf, PhD; Tufts Medical Center; Boston, MA, USA

Dr Ollendorf provided an HTA perspective, comparing the efforts made by the Institute for Clinical and Economic Review (ICER) in the United States to those abroad, highlighting feasible options. Dr Butt offered an international perspective, discussing whether the United States can learn from countries that have successfully implemented HTA or whether there are higher priorities for US healthcare system. Ms Breen offered a manufacturer perspective, noting that formal HTA could present a threat to manufacturers’ profits and change incentives, but could also provide opportunities to demonstrate value and improve patient access.

ISPOR is recognized globally as the leading professional society for health economics and outcomes research and its role in improving healthcare decisions. ISPOR 2019 is the leading global HEOR conference and draws nearly 4000 healthcare thought leaders and stakeholders, including researchers and academicians, assessors and regulators, payers and policy makers, the life sciences industry, healthcare providers, and patient engagement organizations.

Additional information on the conference can be found at:
Conference Information | Program | Registration | Short Course Program | Sponsors | Exhibitors | Press

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ABOUT ISPOR

ISPOR, the professional society for health economics and outcomes research (HEOR), is an international, multistakeholder, nonprofit dedicated to advancing HEOR excellence to improve decision making for health globally. The Society is the leading source for scientific conferences, peer-reviewed and MEDLINE®-indexed publications, good practices guidance, education, collaboration, and tools/resources in the field.

Web: www.ispor.org | LinkedIn: www.linkedin.com/company/ispororg | Twitter: www.twitter.com/ispororg (@ISPORorg) | YouTube: www.youtube.com/ispororg | Facebook: www.facebook.com/ispororg | Instagram: www.instagram.com/ispororg

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Women in Health Economics and Outcomes Research Initiative Convenes at ISPOR 2019

Session Featured Guest Speaker Renée Arnold

New Orleans, LA, USA—May 22, 2019—ISPOR, the professional society for health economics and outcomes research (HEOR), held a session for its Women in HEOR initiative yesterday late afternoon at its ISPOR 2019 annual conference in New Orleans, LA, USA. ISPOR launched this initiative in late 2017 with the vision to support the growth, development, and contribution of women in HEOR; to serve as a catalyst for women’s leadership in the field; and to offer a platform for ISPOR women to collaborate, network, share, and mentor each other.

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Improving Real-World Evidence in Healthcare With Patient-Provided Information

New Orleans, LA, USA—May 21, 2019—ISPOR, the professional society for health economics and outcomes research (HEOR), examined how real-world evidence can be improved with patient-provided information this afternoon at its ISPOR 2019 annual conference with the session [W13], “Leveraging Patient-Provided Information to Improve Real-World Evidence: Getting to Good Practices on How.”

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The Future of Health Economics and Outcomes Research

A Forecast For HEOR in the 2020s

New Orleans, LA, USA—May 21, 2019—ISPOR, the professional society for health economics and outcomes research (HEOR), explored the future of HEOR for the 2020s this afternoon at its ISPOR 2019 annual conference with the session [IP18], “Gazing Into the HEOR Crystal Ball: What Might Be the Future Directions for HEOR in the 2020s?”

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Medical Device Innovation and Regulation

How Should Regulators Ensure High-Levels of Safety While Supporting Innovation of Medical Devices?

New Orleans, LA, USA—May 21, 2019—ISPOR, the professional society for health economics and outcomes research (HEOR), started the day with the second plenary session of its ISPOR 2019 annual conference with, “Medical Device Innovation and Regulation: Turbocharged for Success?”

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20 Years of Value in Health

Editors-in-Chief Discuss Themes in and Evolution of HEOR

New Orleans, LA, USA—May 20, 2019—ISPOR, the professional society for health economics and outcomes research (HEOR), examined the past 20 years of scientific publications in HEOR this afternoon at its ISPOR 2019 annual conference with the spotlight session issue panel [SP2], “Back to the Future in Value in Health.”

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Growing Numbers of Orphan Drugs Challenge Health Plans

New Orleans, LA, USA—May 20, 2019—ISPOR, the professional society for health economics and outcomes research (HEOR), explored the issue of orphan drug approvals and how they challenge health plans at its ISPOR 2019 annual conference this morning with the issue panel [IP3], “Can Health Plans Address the Challenges to Accommodating the Growing Number of Orphan Drugs Entering the Marketplace?”

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The Dawn of Disruption in Healthcare

Innovative Technologies Require Innovative Ways of Thinking

New Orleans, LA, USA—May 20, 2019—ISPOR, the professional society for health economics and outcomes research (HEOR), opened its ISPOR 2019 annual conference this morning with a keynote and first plenary, “The Dawn of Disruption in the Health Sector: Will Innovative Technologies Require Innovative Thinking?”

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ISPOR Honors Global Leaders in Health Economics and Outcomes Research at Annual Awards Banquet

HEOR Awards Program Designed to Foster and Recognize Excellence and Outstanding Achievement in the Field

New Orleans, LA, USA—May 20, 2019—ISPOR—the professional society for health economics and outcomes research (HEOR)—honored global leaders in the field at its Annual Awards Banquet last night. The event was held at the Society’s ISPOR 2019 annual conference on May 19, 2019 in New Orleans, LA, USA.

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