- Challenges with Defining Pharmaceutical Markets and Potential Remedies to Screen for Industry Consolidation
By Robin Feldman, Brent D. Fulton, James R. Godwin, and Richard M. Scheffler | Published May 6, 2022 in the Journal of Health Politics, Policy, and Law | Link to Full Article
Dramatic increases in pharmaceutical merger and acquisition activity since 2010 suggest we are currently in the midst of a third wave of industry consolidation. Reviewing 168 economic, legal, medical, industry, and government sources, we examine the effects of consolidation on competition and innovation and explore how industry attributes complicate M&A regulation in a pharmaceutical context.
Recent Research in the Media
- Richard Scheffler Quoted in Modern Healthcare Article on Hospital Payments
“‘This is a very important study and the data it presents is going to be hugely important in the healthcare debate about competition among hospitals and price transparency,’ said Richard Scheffler, a health economics and policy professor at the University of California, Berkeley.”
Read the full article here.
- Richard Scheffler Speaks in HCFA Commission
Listen to Richard Scheffler’s remarks on healthcare spending in California during a meeting of the Healthy California For All here (43:03-49:13).
- Richard Scheffler Health Economics Award Recipients 2022
Congratulations to Claire Boone and Maria Dieci for co-receiving this year’s Richard Scheffler Health Economics Award for the best UC Berkeley PhD Dissertation(s) in the field of health economics!
Claire’s research interests center on health economics, health policy, and behavioral economics. She will be taking on a postdoctoral position at the University of Chicago next year. Read more about Claire here.
Maria’s research interests focus on global health and development economics. She will be taking on an Assistant Professor position next year in the Department of Health Policy & Management at Emory University. Read more about Maria here.
- Richard Scheffler Quoted in NBC News on For-Profit Healthcare Firms
U.S. healthcare is increasingly pivoting towards for-profit management.
“‘There’s a reason private equity firms have invested in companies staffing hospital emergency departments,’ said Richard M. Scheffler, a professor of health economics and public policy at the University of California, Berkeley.
‘The money in the hospital is in the ER,’ he said. ‘It is the biggest net generator and a huge profit center for almost all hospitals.’ The problem, he said, is that ‘ER doctors are being told how to practice medicine’ by financial managers.”
Read more here.
- Commonwealth Fund Grant Received
The Petris Center recently received a grant from The Commonwealth Fund to study the feasibility of implementing public options at the state level.