AMA recommends that physicians should learn about health economics

Should physicians learn about health economics? The American Medical Association (AMA) thinks so. In a statement from 2019, the organization stated The American Medical Association (AMA) today adopted new policy expanding its efforts aimed at ensuring all medical students and residents receive training in health care economics. Building on the AMA’s ongoing work to transform…

The AMA on value-based drug pricing

The American Medical Association released a statement yesterday in support of value-based pricing of pharmaceuticals.  However, AMA claims that value-based pricing should follow the following core principles. Value-based prices of pharmaceuticals should be determined by objective, independent entities. They also should be evidence-based and the result of valid and reliable inputs and data that incorporate…