ASH Clinical News January 2016 | Page 22

Data Stream A Steady PhD-cline From 1979 to 2010, the number of post-docs in biomedical sciences in the United States had risen steadily, climbing from just over 10,000 to more than 40,000. However, the past three years have seen a reversal in that trend, according to the U.S. National Science Foundation Survey of Graduate Students and Postdoctorates. That’s Trillion, With a T Global drug spending on medication is expected to grow as much as 32% over the next 5 years, reaching $1.4 trillion in 2020, according to a report from the IMS Institute for Healthcare Informatics. This is a projected increase of $349 billion over 5 years – a marked increase from the previous 5 years, when the increase in global spending was $182 billion. Between 2010 and 2013, the number of U.S. post-docs dropped 5.5% 38,719 +32% What’s leading to this upsurge? A combination of greater patient access to chronic disease treatments and new breakthrough drugs, according to authors of the report. 1.4 $ TRILLION Source: IMS Health, “Global Medicines Use in 2020: Outlook and Implications,” November 18, 2015. to The losses increased over each year, the authors noted. Tell Your Patients They Better Shop Around A report from the Kaiser Family Foundation warns that failing to shop around for a 2016 health insurance on the federal marketplace could lead to buyer’s remorse. Because the lowest-cost plan in 2015 is not guaranteed to be the lowest-cost option in 2016, staying with the same plan could leave enrollees paying an average of $322 more in premiums over 1 year. Average increases for a 40-year-old sticking with versus buying new coverage (depending on income level) were: The biggest decline was in male post-docs, whose numbers fell by 10.4% $28 vs. $1 for income of $20,000 } $28 vs. $1 for income of $30,000 $44 vs. $17 for income of $50,000 } This is an “unprecedented situation,” the authors of the study wrote, with “important implications for the biomedical workforce.” Source: Garrison HH, Justement LB, Gerbi SA. Biomedical science postdocs: an end to the era of expansion. FASEB J. 2015 October 6. [Epub ahead of print] 20 ASH Clinical News Source: Kaiser Family Foundation, “Potential Savings from Actively Shopping for Marketplace Coverage in 2016,” November 18, 2015. January 2016