A new bill was introduced late last week that would create a hub for clinical research in order to evaluate clinical research – for drugs, devices and surgical procedures - in a bid to lower health care costs.
The non-profit Health Care Comparative Effectiveness Research Institute would conduct research into which treatments work and which don't. Its board would include representatives from the HHS, AHRQ and NIH, as well as drug and device makers, and patients and doctors, although the institute would operate independently from government. Public and private payers, such as Medicare and private insurers, would provide annual funding, which is expected to exceed $300 million after five years.
"Doctors and patients need reliable, unbiased information about the effectiveness of treatments to determine the best care possible, but right now that data is scarce and unorganized,” Max Baucus, a Montana Democrat and Senate Finance Committee member who co-sponsored the bill, says in a statement. "This bill will advance the process of reviewing and producing valuable information and making it available to healthcare providers, and to all Americans.”