Furthermore, the foundation hired Jeremy Travis, who played a key role in crafting New York City’s gun ban, to serve as its Executive Vice President of Criminal Justice. 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Though he notes some reasonable concerns about the poor use of certain giving vehicles, John Arnold’s expectation that government regulation can fix things is off base. Progressive advocates, however, have been content to let Arnold shower cash on researchers, patient advocates, and political groups who favor lowering drug prices, helping to push their agenda to a country frustrated with pharmaceutical companies. var s = document.getElementsByTagName('script')[0]; Good luck. August 28, 2018. Out of more than 170,000 federal prisoners, there have been only 42 coronavirus deaths. — Given aforementioned, Mr. Arnold — how is Europe and Asia going to respond to paying more for medicine? But as their influence across Washington has grown, particularly with respect to Pelosi’s “Lower Drug Costs Now Act,” tensions have finally bubbled over. The Arnolds have also written personal checks to the reelection campaign of their home-state senator, John Cornyn (R-Texas), a perceived industry ally who has become increasingly antagonistic toward drug makers as he gears up for a potentially challenging 2020 campaign. Laura Arnold was a lawyer before working on philanthropic activities full time. It looks like not all billionaires are evil. This country used to have laws and regulations on Lobbying, and deceptive healthcare marketing, but thanks to all of the industry influence they are not being enforced. That’s what the Arnold Foundation did last week, when it announced that it would be combining its philanthropy and political giving under Arnold Ventures. He began the firm in 2002, after his former employer, Enron, went bankrupt. JOHN ARNOLD, JR. for Essex County Sheriff. He now focuses on philanthropy through Arnold Ventures LLC, formerly the Laura and John Arnold Foundation. “There’s no question: They have to be the single biggest anti-pharma effort out there,” said Ben Ippolito, a health policy researcher at the American Enterprise Institute. Certainly, judges can make mistakes, but public safety should be better served by judges carefully evaluating arrestees, rather than relying on some random billionaire’s formula. Patients for Affordable Drugs’ commercial blitz has extended into 2019. We're waiting. Arnolds’ clout on Capitol Hill, in fact, has only grown in the past year, highlighted by a Thursday briefing for congressional aides, hosted in a House hearing room, with a pair of Arnold Ventures staffers focused on value-based drug purchasing. Then, in 2014, John Arnold turned on the television to find the physician-researcher Peter Bach criticizing the drug company Sanofi for charging $11,000 per month for its cancer drug, Zaltrap. John Douglas Arnold (born 1974) is an American billionaire, philanthropist, former hedge fund manager, and former natural gas trader. Note: Soros is a prolific donor to various campaigns and causes. John Arnold is by no means the only billionaire helping to craft and underwrite criminal justice reform: His peers include Charles Koch, George Soros, Mark Zuckerberg, and many more. This is really constructive, and hurray for them! John Arnold Meddling in California Politics. “Everything was one-sided, and the pharmaceutical lobby is considered one of the strongest lobbies in D.C. And because there’s been no natural attention against them over the years, almost all of the federal policy has been very pharma-friendly.”. The same day, the peer-reviewed academic journal Health Affairs published an op-ed written by John. One group, Patients for Affordable Drugs, became a drug pricing heavyweight virtually overnight thanks to $13 million in funding from Arnold Ventures and the Action Now Initiative, another Arnold-funded nonprofit. Then he doesn’t even mention anything about the PBM’s, who happen to be the root of high drug prices. Would they live on the streets, where they might also pick up the coronavirus? 50:1, hope others will join you. An insider's guide to the politics and policies of health care. Joe. So our efforts have been an attempt to try to change that political calculus. Former state Rep. John Arnold's attorney, Steve Downey, argues for his client Wednesday during a Legislative Ethics Commission meeting of Arnold's sexual harassment cases. var gcse = document.createElement('script'); Bob Hugin, a GOP candidate for Senate in New Jersey, lost his race, in which he was dogged by questions about his tenure as executive chairman of the drug giant Celgene. “ICER is obviously the most public example.”. John P Arnold are some of the alias or nicknames that John has used. In the eyes of the drug industry, however, the Arnolds’ deadliest sin comes in the form of grants worth $19.1 million to the Institute for Clinical and Economic Review. Can they loosen pharma’s grip? Share on Facebook. John's current home is located at Oswego, NY. The Boston nonprofit’s empirical value assessments have called into question the high price tags on a number of new drugs — and many pharmaceutical industry figures view those empirical value assessments as a gateway to more direct price-setting. I am a friend of Marcia Angell. It is really too bad the American public remains uninformed or deliberately misinformed on this topic. In recent years, the Arnolds have showered influential drug pricing experts who favor significant reforms with substantial funding, beginning with their nearly $10 million in total contributions to Bach’s drug pricing operation at Sloan Kettering. Thank you, Mr. President — FINALLY!! I’m quitting medicine, and letting your crew find life-saving treatments, working like dogs for years. She said, "Having … It’s time for REAL CHANGE…RIGHT NOW. On the other hand, according to a recent survey of thousands of prisoners in four states, nearly all prisoners – 96%, in fact – who tested positive for the coronavirus had no symptoms. Their failure to act for decades has led to this debacle. gcse.src = (document.location.protocol == 'https:' ? While having an objective tool might sound like a good idea, people are complex; and it is far from clear that a tool using a simple formula can adequately assess which offenders are likely to reoffend. ), “The Arnold Foundation has really made a difference, not just in shining a light on patients through Patients for Affordable Drugs but also in saying there’s a broader discussion here about value and what we’re paying for,” said Rachel Sachs, a Washington University law professor who serves on ICER’s public advisory council in the Midwest. A good article focused on the Arnold’s. The Arnolds have focused on four lines of attack: direct political advocacy; funding researchers and academics critical of high drug prices; a public opinion blitz featuring op-eds and Democratic pollsters; and state initiatives that have led to major, if unheralded, drug pricing reforms. Their campaign spending has already made waves in Washington. John Arnold: Farewell, Margaret - A story of love that spans the centuries In his weekly column John Arnold recalls the loss of a friend, Margaret O'Keeffe (nee) Smiddy, who died last Friday, the day her sister Gabrielle Heskin was being buried and their brother Dominic passed away just a … Elizabeth Warren’s health care evolution has earned her friends on the left, but foes in her home state. — Big issue keeps being ignored — USA is basically subsidizing global medicine, paying <50% of costs. John Arnold’s clout, in particular, has made for a strange-bedfellows alliance at a moment of surging populism: Democrats’ biggest ally as the party denounces corporate excess is a former hedge fund manager whose career began at Enron and whose net worth totals $3 billion. The move was criticized by drug industry allies and in conservative media outlets — it is uncommon for a nonprofit outlet to accept funding to cover a specific topic from donors who are politically active in that space. And STAT, like many for-profit outlets, accepts payments from health industry groups, including the trade group PhRMA, for event and newsletter sponsorships and paid advertisements. Our corporate media has failed to cover this story even though people die every day due to industry greed. DJT says that day is over. John and Diane Arnold. The unlimited greed of the pharmaceutical industry, and legalized corruption is killing Americans. Instead of putting your billions of dollars in politics, why don’t you put your money into the companies making biosimilars. Exposing Texan John Arnold, a former hedge fund trader who made billions at Enron, who has declared war on pensions and retirement security of Americans. The trade group PhRMA, in 2018 alone, spent a whopping $463 million on lobbying, grants, staff salaries, and advertisements. Arnold views the political spending as a necessary evil, he said in an interview. And since 2018, Arnold Ventures has paid $711,000 to Waxman Strategies, a D.C. consultancy run by the former Energy and Commerce Committee chairman Henry Waxman, for technical help on drug pricing efforts. They are evil and a lot of people died all in the name price per share. And most workers refuse to work for pennies .. including writers. Exclusive analysis of biotech, pharma, and the life sciences. Like many Arnold grantees, Bach has testified before Congress this year as an expert witness on drug pricing, appearing before the Senate Finance Committee on Jan. 29. But the Arnolds’ money clearly packs a punch, perhaps evidenced best by the armada of researchers and advocates who have participated in Capitol Hill hearings urging lawmakers to act — much of which appears to have sown the seeds for Pelosi’s legislation. The $4.4 million grant the Arnolds awarded to Bach’s team at Memorial Sloan Kettering Cancer Center was among the first of over a dozen multimillion-dollar checks the Arnolds would write in the name of lowering drug prices. gcse.async = true; John Arnold began his career as a trader for Enron: He would leave the company taking an $8 million bonus before the energy company collapsed. “To the extent that Arnold grantees were prominently featured in those hearings,” said Sachs, the Washington University law professor, “I think it’s not a surprise that the House Democrats listened to what they heard.”. Following the midterms, the group’s founder David Mitchell — a veteran Democratic messaging consultant and a cancer patient himself — said Congress had been given a “mandate” to lower drug prices. The politicians are getting scared that the American public might figure out that the rest of the developed world does not have this problem. Anderson is among the most direct links between Arnold-backed research and Pelosi’s marquee drug pricing bill: STAT reported in April that Anderson was among the hand-picked group of experts consulting Wendell Primus, Pelosi’s top domestic policy adviser, on the fledgling drug pricing effort. “Prior to us getting involved, there were very little philanthropic resources coming at it from our perspective, which is that the system needs more balance,” Arnold said. So at this point, it seems like a huge overreaction to just start freeing inmates because they might contract the virus. Funny how all these people seem to get religion AFTER theyve made their billions lying cheating and stealing from the Anerican people. John Arnold AT about 8pm last Sunday, the strains of Amhráin na bh Fiann rang out across the valley from the townland of Garrylaurence, near Clonmult in East Cork. Contributions in the 2020 cycle: $688,920. He is concerned about global warming, but he tore down a historic, old mansion to build a new 20,000 square-foot … Over the years, we’ve detailed the many different ways in which John Arnold attacks public pensions nationwide. The drug industry has quietly stewed about the Arnolds’ advocacy for years. (STAT has also accepted grant funding from nonpartisan outside groups, though never for coverage areas on which the groups are politically active. This is an incredible stroke of luck that the work I’ve been doing all this time, and want to pursue, has a natural funder.”. Reactively cutting drug prices through price controls upsets settled expectations, creating a new risk for investors, and potentially chilling investment in new therapies. We’re going to let your constituents know how you’re voting.”. Arnold became the youngest billionaire in the U.S. in 2007. Arnold Ventures (formerly known as The Laura and John Arnold Foundation) is focused on evidence-based giving in a wide range of categories including: criminal justice, education, health care, and public finance. Their function in determining what you pay for drugs is paramount. John Arnold Kimbrough April 23, 1937 - January 6, 2021 Afton, Virginia - John Kimbrough passed away on January 6, 2021. If the Arnolds’ endgame is to push Congress toward a sweeping solution on drug prices, their work is incomplete. Two Indiana residents, wearing hoodies and gloves, allegedly entered a New Orleans pharmacy to rob it. Thanks to their roughly $60 million drug pricing push, the Arnolds have quietly accumulated more clout on the issue than perhaps any entity besides the pharmaceutical industry itself. NOT in the pockets of corrupt politicians. The organization was founded by billionaires John D. Arnold and Laura Arnold in 2010. For work these days, John is a President at Hsbc Bank Usa. The Arnolds, via the Laura and John Arnold Foundation and the Action Now Initiative (since jointly rebranded as Arnold Ventures), have written seven- or eight-figure checks to many of the groups driving Washington’s drug pricing debate. Arnold views the political spending as a necessary evil, he said in an interview. The widening river of cash, Arnold said in an interview, is all part of an effort to counterbalance the legions of physicians, researchers, lobbyists, and even lawmakers he views as beholden to the pharmaceutical industry. Well I am not falling for it. In 2002, Arnold founded a hedge fund, Centaurus Advisors, LLC, with his bonus and some early investors. Probably, ‘We’re only going to cure diseases if we understand them’: Whitehead director advocates for basic science, Senate approves $1.9 trillion coronavirus relief bill, FDA authorizes new test, built with machine learning, to detect past Covid-19 infections. Like to see Mr. Arnold and Ms. Pelosi try to provide life-saving pharms — 97% failure rate of clinical trials, billions at stake, MD/PhDs risking massive career time. A PAC is using the midterms to spotlight high drug prices. As previously reported, the Arnold tool utterly failed in assessing the dangerousness of a pair of armed robbery suspects. Would they move in with older relatives and endanger their health? Like George Soros, the Arnold Foundation has spread an incredible amount of wealth over the past decade to push domestic public policy to the left. “Those are the ground rules that exist today,” Arnold said. They var cx = '008316196014901235923:_p3l3iaswug'; “But they are a major contributor, and there’s a bunch of stuff I couldn’t do if I didn’t have the Arnolds’ support. The Arnold Ventures grants to Kaiser Health News, in particular, echo a 5-year-old controversy: In 2014, the public broadcaster WNET returned $3.5 million from the Arnolds meant for reporting on public employee pensions, facing public pressure given the Arnolds’ public stances on pension reform. Its title: “It’s time for Congress to go all-in on drug pricing reform.”. But a discussion of drug costs in America cannot be had without knowing and or understanding how pharmacy benefit managers work. As of this date, John is single. Why would Mr. Arnold contribute money to an organization Finally, a Utah convict, who had been released from a halfway house just a few days before, broke into a woman’s house, tied her up, told her he was going to rob her, and threatened to kill her. “In healthcare, policy is joined at the hip to politics,” said Texan-billionaire John Arnold at the Forbes Healthcare Summit in New York City. Why is it sinking millions into unwinnable races? Chuck Grassley (R-Iowa) and Ron Wyden (D-Ore.), authors of a bipartisan drug pricing proposal in the Senate, and he has testified this year both before the Senate Finance and House Ways and Means committees. Money Good job of reporting on a tough topic. And he’s got a lot of gasoline.”. Texas philanthropists Laura and John Arnold hosted a fundraiser that brought in $20,000 for the mayoral campaign of Thiru Vignarajah. “Dealing with the Arnold Foundation is like shoving your hand in a barrel of fishhooks,” he said. CPI officials insist that, though Arnold is a major source of money in state politics, his foundation’s grant to their organization will have no bearing on their reporting or their mission. In nearby Annapolis, Md., lawmakers in April voted to establish an unprecedented payment-capping committee for expensive medicines, flying in the face of heated industry opposition. John and Laura Arnold take questions from Arnold Ventures team members at the 2019 Annual Team Meeting. Despite the immense impact of Arnold Ventures’ politicking, the group’s spending on research and academia may have done more still to shift the drug pricing conversation. — Easy to criticize. Arnold paid for a spy plane to fly over Baltimore, Maryland and record images to help police solve crimes, but he did not inform the city’s residents or their elected leaders. Unlike Soros, it claims to be bipartisan. Richard McCarty is the Director of Research at Americans for Limited Government Foundation. Biography & Career. Photographer: Lawrence Jackson John, … Liberal billionaire John Arnold makes no sense. Those groups do not direct or shape STAT’s coverage.). And 99.9% do not want to work very hard at providing it. We have lots of information about John: religious views are listed as Christian, ethnicity is Caucasian, and political affiliation is currently a registered Republican. The PBM’s have Mr. Trump in their pocket, ans it seems that they have Something is not kosher here !! A Florida convict was recently charged for a murder that took place just a week after his release. He was never accused of wrongdoing in the investigation of the energy company’s sudden collapse. During his time running the fund, Arnold gained a high reputation among his colleagues and even among the federal investigators who investigated the Enron … At 37, he stepped away from Centaurus Advisors, the immensely successful hedge fund he founded following his Enron tenure. As a pharmacist, I completely understand the sky rocketing prices of drug prices. However, the price of drugs is not based solely on Big Pharma. The couple founded its nonprofit arm in 2008 and signed the “Giving Pledge,” in which wealthy individuals vow to donate most of their financial worth to charitable causes, the same year. Waxman, who rarely endorses specific bills, penned an op-ed last month endorsing Pelosi’s legislation. The legislation’s author is Jane Horvath, a D.C.-based policy expert who holds a separate research contract with Arnold Ventures and testified in March before the Senate Aging Committee. Michael Waxman, the group’s president, said in an email the consultancy has since been given additional funding to provide briefings and help on drug pricing legislation across Capitol Hill. My $0.02 —. Barrett Thornhill, a lobbyist whose clients include Gilead Sciences, Amgen, and Novartis, was less circumspect. Your President isn’t going to do anything about drug prices, not domestically and not internationally. Rather than cater to the whims of out-of-touch billionaires, policymakers should focus on protecting the lives and property of those most vulnerable to criminals, including the elderly, the poor, and the working class. I have been aware of the Arnolds for some time. John Arnold, billionaire philanthropist and former hedge fund manager, has been in the media circuit lately, criticizing what he judges to be problematic philanthropic practices. Lot harder than trading energy futures and running to TV news cameras — really. gcse.type = 'text/javascript'; s.parentNode.insertBefore(gcse, s); Try it, you two. No doubt, Arnold has a fancy security system at his home and armed security to keep him and his family safe – so he has little reason to fear being a victim of violent crime, unlike those who he would disarm with his wrong-headed gun control push. 8 million dollars for a one time payout and made millions later on. lower costs! But if the Arnolds’ true intention, as John Arnold characterized it, is to serve as a “counterweight” to the drug industry’s influence, they have been successful beyond measure. The Texas billionaires, who in recent years have used their wealth to turbocharge America’s drug pricing debate, have brought their advocacy to a peak as Congress edges closer to enacting drug-price reforms. After all, that is what judges are paid to do – use their best judgment to free the innocent while keeping society safe from dangerous criminals. In addition to his bad criminal justice reform ideas, Arnold also supports gun control, which makes it harder for law-abiding citizens to defend themselves from criminals. As pharma-backed groups have used House Democrats’ aggressive drug pricing legislation to attack lawmakers including Rep. Andy Kim (D-N.J.), the group has unveiled a six-figure ad campaign of its own applauding Kim’s efforts. — Everyone wants cheaper. Unsurprisingly, a number of criminals who have been released due to the pandemic are reoffending within just days or weeks of their release. The Houston couple is forming Arnold Ventures, a limited-liability company, which will spend through their nearly $2 billion private foundation, their … And in 2019 alone, at least eight researchers and advocates funded by the Arnolds have testified on Capitol Hill, urging lawmakers to move forward with legislation to slash the cost of prescription drugs. If John Arnold does have an identifiable ideology, it is that of a lifelong trader and quant: unsentimental, metrics-focused, interventionist. John Arnold is co-chair of Arnold Ventures. On Sept. 6, Laura and John Arnold secured a face-to-face meeting with health secretary Alex Azar, the former Eli Lilly executive who has spearheaded much of the Trump administration’s drug pricing work. Tweet. The right doesn’t particularly like the Arnolds’ support for Planned Parenthood and that the Arnolds say they are Democrats who raised money for … But no one is listening. Laura and John Arnold have a … Like a good liberal, John Arnold appears to be more worried about criminals than he is the general public. Outside Spending in the 2020 cycle: $0. Incredibly, Arnold’s assessment tool assigned these suspects the lowest risk score possible – a 1 out of 6. After months of consideration, city officials finally approved the use of the planes. Pharmacists see where the problem is. ... Let’s spend the energy and political will on solutions that will lower the total cost of drugs, not raise them. Its impact on the 2018 midterms was instant: Patients for Affordable Drugs quickly pumped $10 million into commercials that slammed lawmakers and candidates backed by the pharmaceutical industry, to mixed results. Though leaders in the House and Senate have spent 2019 formulating drug pricing legislation, the dueling efforts have little in common. Additionally, in many cases, donations to various c… With John as the face of the couple’s drug pricing advocacy, they have made their presence most felt on Pelosi’s legislation, helping to generate shifts in public opinion and pushing Congress to take up major industry overhauls. Three of us stood in silence with, as the line from The Soldier’s Song says, the starry heavens o’er us. '//www.google.com/cse/cse.js?cx=' + cx; “I know what my budget is, and they don’t dominate it,” Bach said in an interview. The Truth About John Arnold is a project sponsored by the National Public Pension Coalition and Californians for Retirement Security to show just how far one billionaire has gone to decimate retirement security for public servants all over the country. John Arnold was a billionaire by age 34. What are you doing about that? Funding generic drugs and biosimilars will tremendously lower drug prices. He is worried that the country’s population will decline, but he generously supports the abortion lobby. Liberal billionaire John Arnold makes no sense. How about putting more resources into proactively developing cost-effective therapeutics through new companies like CivicaRx looking at ways to use competitive pressure to lower drug costs? In a statement released Tuesday, Arnold Ventures, a Texas philanthropy backed by billionaires Laura and John Arnold, said it would not be funding a proposed aerial surveillance program in … MD, & applaud anyone who risks their lives as she did ~ welcome the revolution! Some criticism, however, has forced Arnold Ventures grantees to reconsider. If you’re going to be a pawn of the pharma industry, there are consequences. Will the U.S. have Covid vaccine doses for everyone by the end of May? But Arnold occupies a uniquely powerful position in the reform universe. To further his agenda, the often-wrong but idea-filled billionaire paid to create a “public safety assessment” tool to advise judges on which suspects are safe to release before their trials. The information below is not intended to be a comprehensive listing of his political contributions, but rather to be an overview of the types of individuals and issues Soros supports and opposes. But it does not end there for Arnold; now he would like to free convicted criminals because they might contract the coronavirus in jail, which is a terrible idea. Much of Washington remains skeptical that lawmakers can strike even the most limited drug pricing compromise. “If we’re not participating on the political field, then the chance of success is very small. Arnold then offered to pay for three planes to surveil the city. The Arnolds have also worked hard on public-opinion efforts, both by polling and bolstering journalistic efforts to document pharma’s clout. “This moment is ripe for somebody like John Arnold to pour more gasoline on the fire. Of course, John Arnold has schizophrenically jumped on the latest crusade of the wealthy elites, the almost blind support for convicted and imprisoned criminals. Wow, you’ve convinced me. They place a huge role in this. “Arnold is often portrayed as a philanthropist,” said Nick McGee, a PhRMA spokesman, “when in reality he’s increasingly funding lobbying efforts and political campaigns that advance his political agenda.”. But another P4AD target, Rep. Anna Eshoo (D-Calif.), shrugged off accusations she was “in the pocket of big pharma.” She now chairs a health subcommittee with jurisdiction over Democrats’ drug pricing bill.
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