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PhRMA Statement on Healthcare Reform Coalition
Date:5/11/2009

revention will help transform our sick-care system into a 21st century healthcare system.

"A focus on improving quality of care and adherence to evidence-based best practices that manage chronic disease more efficiently can help improve the way medicines are used. Evidence shows that proper use of medicines can be one of the most effective ways to achieve better health outcomes and reduce costs. For example, non-adherence to prescribed medicines has been estimated to cost $100 billion-$300 billion annually, including costs from avoidable hospitalizations and nursing home admissions. Addressing this issue is part of a quality-focused way to lower healthcare cost growth.

"The coalition also recognizes the importance of encouraging medical innovation as a key element in both improving patient health and reducing the growth of overall health costs. Preserving policies that foster innovation -- both technological innovation and innovative approaches to service delivery -- is critical as we work to improve our healthcare system.

"For example, recent research has estimated that delaying the onset or slowing the progression of Alzheimer's disease by five years could save $126 billion by 2025 in Medicare and Medicaid costs. Without the development of new treatments, the number of cases of Alzheimer's -- and the related costs -- could increase dramatically. America's pharmaceutical research and biotechnology companies currently are working on more than 90 medicines for Alzheimer's, which could afflict 16 million people by 2050 unless a cure or preventative approach is found.

"PhRMA member companies also are answering President Obama's challenge to stamp out cancer in our lifetime. A record 861 medicines and vaccines are currently being researched and developed for cancer, compared to 124 in development for cancer in 1993, the last time Congress took on healthcare reform.

"Our commitment
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SOURCE Pharmaceutical Research and Manufacturers of America
Copyright©2009 PR Newswire.
All rights reserved

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