Policy Impact Analysis - 117/HR/7658

Bill Overview

Title: To amend the Federal Food, Drug, and Cosmetic Act to reauthorize the Critical Path Public-Private Partnerships.

Description: This bill reauthorizes through FY2027 the Food and Drug Administration's Critical Path Public-Private Partnerships, which support medical product innovation, development, and safety.

Sponsors: Rep. O'Halleran, Tom [D-AZ-1]

Target Audience

Population: Individuals whose health and wellbeing may be impacted by medical product innovation

Estimated Size: 331000000

Reasoning

Simulated Interviews

Medical Researcher (Boston, MA)

Age: 42 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 10.0 years

Commonness: 3/20

Statement of Opinion:

  • This policy seems very promising as it might fast-track our drug approvals.
  • In the long-term, it could increase our funding opportunities and improve workplace optimism.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 7
Year 2 8 7
Year 3 8 7
Year 5 9 7
Year 10 9 6
Year 20 7 6

Biomedical Engineer (Austin, TX)

Age: 55 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 10.0 years

Commonness: 4/20

Statement of Opinion:

  • FDA processes are quite slow, any speed-up is welcome.
  • Policy could enable us to get our devices to market quicker, benefitting patients sooner.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 7 6
Year 3 8 6
Year 5 8 7
Year 10 9 7
Year 20 8 6

Patient with Chronic Illness (San Francisco, CA)

Age: 29 | Gender: female

Wellbeing Before Policy: 5

Duration of Impact: 20.0 years

Commonness: 2/20

Statement of Opinion:

  • New treatments can't come fast enough for people like me.
  • The policy might make a huge difference in our lives if it speeds up access to innovation.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 7 5
Year 3 7 6
Year 5 8 6
Year 10 9 6
Year 20 7 5

Retired (New York, NY)

Age: 67 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 5.0 years

Commonness: 5/20

Statement of Opinion:

  • As an older patient, faster approval for new medical devices and treatments could positively impact my health management.
  • I hope this policy also means more innovative solutions soon.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 7 6
Year 3 7 6
Year 5 8 6
Year 10 7 6
Year 20 5 5

Health Policy Analyst (Seattle, WA)

Age: 34 | Gender: female

Wellbeing Before Policy: 8

Duration of Impact: 10.0 years

Commonness: 4/20

Statement of Opinion:

  • Public-private partnerships are crucial for innovation, if done transparently and safely.
  • This policy aligns with improving regulatory frameworks and I support it.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 8 8
Year 3 8 8
Year 5 8 8
Year 10 8 7
Year 20 7 7

Retired Nurse (Miami, FL)

Age: 74 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 5.0 years

Commonness: 6/20

Statement of Opinion:

  • While speeding up approvals is great, patient safety must remain the priority.
  • I'm cautiously optimistic about this policy.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 6 6
Year 3 7 6
Year 5 7 6
Year 10 6 6
Year 20 6 5

Biotech Entrepreneur (Chicago, IL)

Age: 45 | Gender: other

Wellbeing Before Policy: 7

Duration of Impact: 10.0 years

Commonness: 2/20

Statement of Opinion:

  • Policies like this are pivotal for startups like ours to survive in the competitive biotech landscape.
  • Potential lower barriers and cooperation could significantly boost innovation.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 8 7
Year 3 8 7
Year 5 9 7
Year 10 8 7
Year 20 7 6

Tech Developer in Health Apps (Atlanta, GA)

Age: 25 | Gender: male

Wellbeing Before Policy: 8

Duration of Impact: 5.0 years

Commonness: 5/20

Statement of Opinion:

  • Improvements in medical technology approvals could benefit our app development processes.
  • Speedy approval means we can incorporate the latest tech into our work quickly.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 8 8
Year 3 8 8
Year 5 8 8
Year 10 7 7
Year 20 6 6

Pharmaceutical Sales Rep (Houston, TX)

Age: 52 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 10.0 years

Commonness: 7/20

Statement of Opinion:

  • Policy could mean a surge in the variety of products available for us to market.
  • Faster approvals echo excitement and boost in business operations.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 7
Year 2 8 7
Year 3 8 7
Year 5 9 7
Year 10 8 7
Year 20 6 6

Insurance Underwriter (Los Angeles, CA)

Age: 39 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 20.0 years

Commonness: 8/20

Statement of Opinion:

  • Accelerated approval could impact insurance claims and coverage policies.
  • Initial concerns about the cost of new innovations on insurance.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 6
Year 2 6 6
Year 3 7 6
Year 5 7 6
Year 10 7 6
Year 20 5 5

Cost Estimates

Year 1: $150000000 (Low: $130000000, High: $170000000)

Year 2: $155000000 (Low: $135000000, High: $175000000)

Year 3: $160000000 (Low: $140000000, High: $180000000)

Year 5: $170000000 (Low: $150000000, High: $190000000)

Year 10: $180000000 (Low: $160000000, High: $200000000)

Year 100: $250000000 (Low: $220000000, High: $280000000)

Key Considerations