Dispensed: Pharma CEOs on Capitol Hill, the exploding CBD market, and treating kids with new models of primary care

Pills 2 (2)

Hello,

Well, it’s certainly been a week. Between drug price hearings
and disgruntled
Bristol-Myers Squibb
investors, I’m sure a lot of folks in the
industry are looking forward to the week winding down. 

But before it does, I wanted to share some of the stories that
preoccupied the healthcare team here at Business Insider this
week. 

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We spent the first half of the week readying for the Senate
hearing with seven top pharmaceutical executives, in total cranking
out six stories on it. Emma Court
has the play-by-play of the whole ordeal.

America’s
top pharma CEOs just got grilled by Congress over the cost of their
drugs

  • Seven leaders of major pharmaceutical companies testified about
    high US drug prices as part of a congressional hearing on
    Tuesday.
  • Lawmakers pushed the pharma executives on what they and their
    organizations could do to make change for patients.
  • “We’ve all seen the finger-pointing,” said Chuck Grassley, the
    Republican senator from Iowa who led the hearing. “But like most
    Americans, I’m sick and tired of the blame game. It’s time for
    solutions.”
  • The pharma executives sought to justify prices by emphasizing
    the value of their medicines to patients. They also shifted blame
    to other parts of the US healthcare system like
    intermediaries. 

And here’s a rundown of our other dispatches coming out of the
hearing, in case you’re still digesting all that we learned this
week (I know I am). 

While that was unfolding, Erin
Brodwin
had a slew of great stories about the exploding CBD
market, and some developments in the lab for marijuana
compounds. 

I had the scoop on Parsley Health’s expansion into pediatrics.
It was interesting to understand how the no-insurance, monthly fee
approach to primary care could work to help kids manage chronic
conditions like asthma or food allergies. And Parsley isn’t the
only primary care startup getting into pediatrics — One Medical
has been testing it out too, with plans to expand pediatric
practices into more of its offices. 

A
doctor’s office that charges a monthly fee and doesn’t take
insurance wants to stop the ‘revolving door’ of appointments for
sick kids

  • Parsley Health is a medical practice that charges a monthly fee
    and doesn’t take insurance.
  • The $150-a-month membership provides access to doctors and
    health coaches, with the goal of treating conditions in a more
    comprehensive way than traditional primary care.
  • Now the practice is expanding into pediatrics in its New York
    office, aiming to provide better care for children and teens with
    chronic conditions.
  • The cost for kids is $129 a month.

Oh! And while I have you — are you a BI Prime subscriber? (I
hope the answer is yes!) We’d love to get your feedback on the
kinds of stories we’re working on via this quick
survey.

As always, questions? Tips? Stories we should be chasing? Words
of encouragement that spring will soon be here? Find me at
lramsey@businessinsider.com or the whole team at
healthcare@businessinsider.com.

– Lydia


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Dispensed: Pharma CEOs on Capitol Hill, the exploding CBD market, and treating kids with new models of primary care