
In this episode, we interview Stephen Ubl, President and CEO of PhRMA, to discuss what is happening across the industry at a time of significant change. We talk about biopharma’s continued commitment to innovation, what member companies are doing to help patients access medicines more directly, and how new tools from the organization are supporting patient affordability. We also cover the impact of policies like the IRA and MFN, along with the growing focus on PBM reform and other structural challenges in the system. It is a wide-ranging conversation about where the industry is headed and what it will take to ensure the country continues to lead the world in bringing new treatments to patients in need.
Steve Ubl, CEO of PhRMA
PhRMA
PhRMA Leadership Transition
PhRMA 3 Announcements
Medicine Assistance Tool (MAT)
America’s Medicines
Jim Collins, Building Companies to Last
FTC Settlement with Express Scripts
IQVIA Data: Prior Authorization and Associated Delays and Denials of Branded Medication Dispensation
Most Favored Nation Drug Pricing
340B Drug Pricing Program
New York Times: How a Hospital Chain Used a Poor Neighborhood to Turn Huge Profits
Hatch-Waxman Act
Questions or comments?Email us at [email protected] us on social media! Follow us on X, LinkedIn, YouTube and Threads.
May 20
44 min

In this episode, we sit down with Alexander Hardy, President and CEO of BioMarin, to talk about his path to leading one of the world's premier rare disease companies. Alexander reflects on his experience across small molecules, biologics, oncology, and rare diseases, and how his work in access and patient services has shaped his thinking about leadership. We discuss the policy environment coming out of Washington — including the IRA and other pricing reforms — and how those factors influence long-term innovation and investment decisions. We also explore the real-world challenges facing rare disease patients, employer concerns about high-cost therapies, and what needs to change over the next five years to improve access and affordability.
Alexander Hardy
PathoGenesis
Eli Lilly | GSK | Novartis
Genentech — Access Solutions
BioMarin — Rare Connections
AUTHrd Act of 2026 (part of the EPIC Act, HR 1492/S832) — pending before Congress
Health Technology Assessments in Rare Diseases
Questions or comments? Email [email protected]. Find us on X, LinkedIn, YouTube, and Threads.
Mar 30
38 min

In this episode of Prescription for Better Access, we’re joined by William (Bill) Sarraille, a legal expert on drug access and reimbursement. He discusses two developments shaping the pharmacy benefit landscape: the FTC’s enforcement action involving Express Scripts and PBM reforms in the Consolidated Appropriations Act of 2026. Bill explains what these policy changes could mean for benefit design, drug coverage, employer-sponsored plans, and transparency in the PBM market. We also explore potential impacts on formularies, utilization management, contracting practices, and patient out-of-pocket costs, along with possible unintended consequences for employers, manufacturers, and patients seeking timely and affordable access to medicines.
William (Bill) Sarraille, University of Maryland School of Law
LinkedIn
Pharmacy Benefit Managers (PBMs)
FTC Settlement
2024 Administrative Complaint
Cigna Healthcare
Fair Market Value in Healthcare
Consolidated Appropriations Act of 2026
Part D Plan
PBMs No Longer Profit From Rebates But Plans Benefit – Pink Sheet
TPA (Third Party Administrators)
DOL Proposal
Copay Accumulators and Maximizers
Amicus Brief, HIV and Hepatitis Institute
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Mar 10
41 min

Employers sit at the center of the U.S. health system as the primary funders of coverage for more than 150 million Americans, yet they struggle with rising costs, fragmented vendors, and uneven outcomes. In this episode, we talk with Dan Mendelson, MPP, CEO of Morgan Health at JPMorgan Chase & Co. and Founder and former CEO of Avalere Health. We explore his journey from health policy to now leading Morgan Health’s efforts to improve the quality, affordability and equity of employer-sponsored healthcare. We’ll learn how Morgan Health evaluates the employer market, where they’re placing investment bets, and how they are testing new care models inside JPMorgan’s own benefit. We then turn to Washington: Dan shares his take on the policy currents that matter most for employers and innovators over the next few years.
Dan Mendelson, CEO, Morgan Health
LinkedIn
Forbes Contributions
Avalere Health
Balanced Budget Act of 1997
Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co.
Continuation of Health Coverage (COBRA)
Vera Whole Health, Central Ohio Primary Care
Centivo
Embold Health
Cigna Healthcare
Quantum Health
Thyme Care
60 Minutes, “$2 million gene therapy could save her baby’s life. But insurance wouldn’t pay”
PBM Alternatives
Pharmacy Benefit Managers (PBMs)
Individual Coverage Healthcare Reimbursement Accounts (ICHRA)
Questions or comments?
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Jan 9
39 min

The FDA’s Accelerated Approval Program (AAP) aims to bring promising, potentially life-saving medicines to patients sooner by allowing approvals based on surrogate endpoints while requiring timely confirmatory evidence. In this episode, we speak with Bridget Doherty, MPH, MS (Johnson & Johnson Innovative Medicine), and Jeff Allen, PhD (Friends of Cancer Research). Bridget discusses her team’s review of the AAP’s real-world impact, showing that hundreds of thousands of meaningful life-years have been gained for patients. Jeff shares findings from work strengthening biomarkers as reliable surrogate endpoints—helping define when increased speed can still preserve scientific rigor. We also explore the core access challenge: how payer coverage and utilization management help or hinder patients the AAP is designed to serve. We close with practical policy steps to ensure that earlier regulatory access truly leads to better outcomes for people who need treatments most. Bridget Doherty, MPH, MS, Johnson & Johnson Jeff Allen, Friends of Cancer Research J&J Center for U.S. Healthcare Policy Research Friends of Cancer Research Accelerated Approvals in Oncology Tracker Drug Development Dashboards 30 Years of Accelerated Approval: Data-Driven Insights Analysis of FDA Biomarker Qualification Program Original JNCCN Study How Gleevec Transformed Leukemia Treatment Immunotherapy Surrogate Endpoints Confirmatory Trials Years Gained from the FDA Accelerated Approval Program (2024) Circulating Tumor DNA (ctDNA) ctMoniTR Project Questions or comments? Email us at [email protected]. Find us on social media: X, LinkedIn, YouTube, and Threads.
Nov 25, 2025

In this episode, we talk with Richard Xie, Senior Health Economist at RA Capital, and Gunnar Esiason, Senior Director of Patient Engagement at Raven (RA Capital Ventures), about value frameworks in pharma. We unpack how Generalized Cost-Effectiveness Analysis (GCEA) builds on traditional Cost-Effectiveness Analysis (CEA) and differs from ICER’s model. The conversation explores what these approaches mean for pricing, access, and patient voice—especially in rare and high-innovation settings. Through the Cidara CD388 flu drug case, we discuss how assumptions shape value and trade-offs from manufacturer and patient perspectives. The episode highlights how evidence, incentives, and outcomes align—or conflict—in today’s system, and what reforms could better connect value frameworks to affordability and equitable access. Richard Xie, Senior Health Economist, RA Capital Management Gunnar Esiason, MBA, MPH, Senior Director, Head of Patient Engagement and Patient-Centered Innovation, Raven (RA Capital Ventures) Patient-Centered Value Assessment Models Episode 26: Sarah Emond, ICER Peter Kolchinski, The Great American Drug Deal NICE (UK) CDA (Canada) Australia CHAP Trikafta ICER Report on Cystic Fibrosis No Patient Left Behind GCEA Calculator Boomer Esiason Foundation Aurora Biosciences Most-Favored-Nation Drug Pricing Order Questions or comments? Email [email protected]. Follow us on X, LinkedIn, YouTube, and Threads.
Oct 17, 2025

In this episode, former CMS official Jon Blum reflects on the evolution and impact of the IRA’s drug provisions—from foundational drivers and political trade-offs to how 2026 Part D redesign and the M3P cost-smoothing program are reshaping access. We explore why M3P adoption remains limited, how CMS is monitoring plan behavior around negotiated pricing, and what shrinking standalone Part D options may mean for patients, especially in rural areas. Jon also challenges the “blame game” in Washington—emphasizing the systemic incentives behind each actor—and shares his own prescription for equitably balancing drug affordability, innovation, and policy integrity, including thoughts on MFN and future reform paths.
Sep 18, 2025

At ACCESS US 2025, our live podcast The Future of Access features four experts exploring how to improve drug affordability and access while maintaining innovation. With rising drug costs, we ask: What bold models are emerging? We cover benefit design, PBMs, AI, evolving pharmacy models, and whether markets can act before regulation.
Conference Overview
Sarah Emond – ICER
John O’Brien – National Pharmaceutical Council
Annette Powers – Bristol Myers Squibb
Ray Pressburger – Accenture
Stuart Altman – Power, Politics and Universal Health Care
PBMs
340B Program
Copay Maximizers
Net Price
Lilly Direct
Indolent Disease, PFS
Concomitant Drug
HIV & AZT
Orphan Drugs
Calquence vs Imbruvica
Value-Based Contracts
Outcome-Based Contracts
Disruptive PBMs
CostPlus Drugs
Fair Access 2024
Drug Rebates
Drug Carve-Outs
Dynamic Pricing
Accelerated Approvals
ICER Assessment
Questions? Email [email protected].
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Jul 17, 2025

Specialty drug benefit design isn't just one decision — it triggers a domino effect impacting employer and health plan costs, patient access, care delivery and patient cost-sharing. In this episode, we unpack PSG’s latest research on how employers and health plans are rethinking specialty strategies amid rising pressure: cost management as a top priority, movement toward rebate alternatives, shifting site of care models, and evolving approaches to affordability and utilization management. Our guests break down where the biggest shifts are happening, what’s still missing, and how smarter benefit design can create better outcomes across the healthcare system.
PSG (Pharmaceutical Strategies Group)
2025 Trends in Specialty Drug Benefits Report
Specialty Drugs
Drug Utilization
PBM (Pharmacy Benefit Manager)
Copay Assistance (Maximizers & Accumulators)
Drug Rebates
Drug “Carve Outs”
Value-Based Agreements
Utilization Management
Step Therapy
Biosimilars
Site-of-Care
Questions or comments?Email us at [email protected] us on social media! Follow us on X, LinkedIn, YouTube and Threads.
May 21, 2025
50 min

<p>In this episode, we interview Brian Reid, the founder of Reid Strategic and the creator and editor of our favorite industry newsletter, the Cost Curve. Brian shares his journey to create the Cost Curve and how he navigates the onslaught of information to identify the most important issues of the day. We also get his take on what he calls the highest &ldquo;importance-to-attention&rdquo; healthcare stories, highlighting critical topics that are undercovered related to their significance. We also get the opportunity to understand his perspectives on the threats to innovation, the risks to patient affordability programs, and what all of us should be doing to be better healthcare consumers.</p>
Brian Reid- Reid Strategic
Cost Curve Newsletter
Martin Shkreli & Daraprim
BioPharma Dive: Biotech and Pharma Industry News
GLP-1s
Net Price– “a drug’s net price equals the actual revenues that a manufacturer earns from a drug after rebates, discounts, and other reductions” Source: Drug Channels
Armamentarium
Pharmacy Benefit Managers (PBMs)
Mark Cuban Pharmacy
Psuedo-Generic Medication
CVS Cordavis
Quallent
Nuvalia
Biosimilars
Lilly Direct
Novo
340B Drug Pricing Program
Copay maximizers
AFPs
Questions or comments?Email us at [email protected] us on social media! Follow us on X, LinkedIn, YouTube and Threads.
Apr 17, 2025
45 min
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