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Proposed federal drug policies would cost Texas more than 50,000 jobs | Texas

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www.thecentersquare.com – By Lauren Scott | – 2023-06-19 13:36:00

(The Center Square) – A study by We Work For Health and Vital Transformation organizations estimates fewer FDA approvals of new medicine and more than 50,000 lost jobs for Texans if proposed federal government-mandated drug pricing policies are implemented. 

The study estimates there would be 237 fewer FDA approvals of medicines for patients battling cancer and rare, infectious diseases and 54,120 lost jobs for Texans over the next decade.

These proposals are included in the White House's FY 2024 budget as well as the Senate's SMART Prices Act. One proposal under consideration is allowing Medicare to set prices for specific drugs five years after FDA approval.

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The study shows a total of 1.1 million jobs lost because of the proposed federal drug policies. 

“Research firm Vital Transformation modeled the impacts of expanded federal government-mandated drug pricing policies at five years following FDA approval,” according to a June 15 news release. “The study analyzed the reduction of new drug approvals and loss of jobs if these policies or others similar to them were enacted into law.”

According to the study, approximately 70% of current drug therapies identified for price setting may not have been developed had the pricing provisions been in place prior to their development.

“Impacts will be felt most heavily in many areas of unmet need, including in rare disease, oncology, neurology, and infectious disease,” according to the study.

Both organizations are hopeful for small molecule research incentives to be preserved.

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“At a time when the biopharmaceutical industry is just beginning to experience the negative impacts of the Inflation Reduction Act's government-mandated drug pricing policy, any new proposal only adds fuel to the fire and reinforces a deeply misguided and flawed approach,” said Tom Kowalski, national co-chair of We Work For Health. “This latest study demonstrates just how bad the damage could be should these plans be implemented.”

To view the research for this study, click here.

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Fleming Street shooting: HSCO deputies responding to stolen vehicle recovery shoots, kills man allegedly holding Uzi-type weapon

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abc13.com – KTRK – 2024-03-02 13:49:32

SUMMARY: A man was fatally shot by deputies in northeast Harris County after being found in possession of an “Uzi-type” weapon while recovering a stolen vehicle. The incident marks the third shooting involving law enforcement in three days in the Houston area. The sheriff’s office responded to a call and encountered the armed man, resulting in the use of deadly force. The man was pronounced dead at the scene, and no deputies were injured in the incident. The circumstances surrounding the shooting and the man’s connection to the initial call remain unclear.

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3 Houston Fire Department firefighters injured after suffers small collapse during fire on Canal and Navigation, officials say

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abc13.com – KTRK – 2024-03-02 11:41:47

SUMMARY: Three firefighters were injured in a restaurant fire in Houston’s Second Ward. The fire was quickly extinguished, but the firefighters were taken to nearby hospitals with minor injuries after a small building collapse. The cause of the fire is unknown, and it is unclear if there were any other injuries. The incident occurred near 2221 Canal Street and Navigation Boulevard. Eyewitness News and ABC13 originals can be watched around the clock on ABC13’s Live Streaming Channel. Copyright © 2024 KTRK-TV.

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These are 2024’s top wedding dates

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www.kxan.com – Russell Falcon – 2024-03-02 11:30:00

SUMMARY: 2024 is expected to be a busy year for weddings, with October being the most popular month. The cost of weddings has increased, with specific dates like September 21 and June 22 being the most popular choices. Choosing a wedding date should consider factors like cost fluctuations, guest availability, and local events. Green is becoming a popular color choice for weddings in 2024. Certain dates like August 24, May 23, and June 21 are popular for their numerology, three-day weekends, and astrological significance. Planning a wedding with at least a 15-month engagement period is recommended.

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