The Economist - USA (2021-07-17)

(Antfer) #1

24 United States The Economist July 17th 2021


Baseball’swaningpopularity

Pastime


S


tandingbehindleftfieldduringMajor
League Baseball’s(mlb) annualHome
RunDerby ismuchlikeloiteringinthe
middleofa moshpitata death­metalcon­
cert.Balls,bodiesandbeersareflying.Ifa
dingerishitinthatdirection,themassof
fansbecomesa tangleoflimbsuntilsome­
oneemerges fromthebottomofapile,
bruisedbuttriumphant,home­runballin
hand.Butenthusiasmforthederby,the
All­Star Game andmlb’s electric young
playersbeliesthefactthatthesportisfac­
inga seriesofchallengesthatputthefu­
ture of the national pastime in question. 
The past year has been a turbulent one
for sports, but especially for baseball. The
league  has  cracked­down  on  the  use  of
“sticky  stuff”,  tacky  substances  pitchers
used to help them grip the ball and throw
harder. A star pitcher from the Los Angeles
Dodgers is being investigated for sexual as­
sault, reminding fans of the prevalence of
assault­related  suspensions  among  mlb
stars.  Rob  Manfred,  mlb’s  commissioner,
says the league suffered operating losses of
$3bn in 2020 because of covid­19.
All these problems—even the covid­re­
lated  ones—seem  manageable  compared
with  the  existential  threat  that  is  young
people’s  lack  of  interest  in  the  sport.  A
Morning  Consult  poll  from  2020  found
that only 32% of Gen zAmericans said they
were “casual” or “avid” mlbfans, compared
with  50%  of  all  adults.  That  is  the  biggest
gap  among  all  sports  considered.  In  fact,
younger Americans are more interested in
e­sports than baseball. The league has tak­
en  notice,  and  is  testing  ways  to  shorten
games  (which  average  over  three  hours)
and pump up the action. 
But many fans assume a defensive pos­
ture  when  it  comes  to  rule  changes  or
adopting  new  technology  to  make  the
game more entertaining. “Baseball has this
extremely conservative culture”, says Jacob
Pomrenke,  of  the  Society  for  American
Baseball  Research.  “The  idea  that  baseball
was somehow better in the past is one we
should  throw  by  the  wayside.  The  golden
era  of  baseball  is  now.”  That  is  easier  said
than  done.  Historical  sluggers  still  loom
large in fans’ consciousness, and there is a
sense that the game played today should be
the  same  game  that  was  played  by  Babe
Ruth  or  Jackie  Robinson.  But  that  would
suggest  that  baseball  has  never  changed,
an idea that baseball historians scoff at.
Even if fans come round to the idea that

thesportneedstoadapttogrow,labour
troublesthreatentogetintheway.Thecol­
lective­bargainingagreementthatgoverns
schedules,salariesandsafetyprecautions
issettoexpireonDecember1st.Therela­
tionshipbetweenplayersandownersisal­
ready acrimonious, thanks tolastyear’s
bitternegotiationsovertheshortenedsea­
son. If the sides cannot agree terms, a
strikeora lockoutlooms.Andifitishard
togetyoungfansenthusedaboutthesport,
itwillbenear­impossibletodoitwhen
thereisnobaseballbeingplayedatall. n

D ENVER
The sport’s fascination with its history
makes changing it difficult

Littlesluggers

Drugprices

Blowing the


inheritance


W


henalong-awaiteddrugforAlz­
heimer’s  was  approved  by  the  Food
and Drug Administration (fda) last month,
controversy  quickly  followed.  In  Novem­
ber ten of 11 members of an fdaexpert pan­
el rejected the treatment, but it received ac­
celerated  approval  anyway.  Three  panel
members resigned in protest. It also has a
large price tag: about $41,000 for year one
and $56,000 for subsequent years. The un­
usual  approval  process  and  high  cost  has
sparked a congressional investigation into
the  developer’s  business  practices.  The
treatment  is  also  becoming  the  focus  of
new legislation which, if passed, would al­
low the government to negotiate drug pric­
es for federal health­insurance plans.
About  6m  Americans  (one  in  nine  old
people) have Alzheimer’s disease, a form of
dementia. Aducanumab, marketed as Adu­
helm, successfully clears the brain of beta­

amyloid,  a  protein  that  clumps  between
neurons  and  disrupts  their  functioning.
Some researchers believe that this protein
causes  Alzheimer’s.  Aduhelm  is  the  first
new drug for Alzheimer’s since 2003, so it
will probably be popular despite its contro­
versial  approval.  “There  are  so  many  peo­
ple  and  their  families  who  are  suffering
from  this  condition  with  no  treatments,
and  that  just  leads  to  an  understandably
desperate situation,” says Meredith Rosen­
thal of Harvard University’s School of Pub­
lic Health. “People are really willing to try
anything, at almost any cost. But of course,
that  cost  isn't  just  borne  by  the  families,
but by all of us.”
The  cost  is  high,  even  for  those  with
health insurance. Patients receive an intra­
venous infusion every four weeks at about
$4,300  each  for  the  average  patient,  total­
ling about $56,000 a year. Since dementia
tends  to  hit  older  people,  many  patients
will  qualify  for  Medicare.  The  Centres  for
Medicare and Medicaid Services, the agen­
cy in charge of Medicare, has not decided if
it will cover Aduhelm nationally yet. A de­
cision  is  not  likely  until  the  spring.  Until
then, coverage will be determined by each
of the 12 local jurisdictions.
If  Aduhelm  is  included,  Medicare  will
probably  cover  80%  of  the  price.  Patients
will  need  to  pay  the  rest.  That  adds  up  to
about  $11,500  per  year  (about  40%  of  the
median  annual  income  of  each  Medicare
beneficiary, according to the Kaiser Family
Foundation,  a  health­research  outfit).
Since Aduhelm is not a cure, patients could
pay  for  years.  Most  Medicare  patients  are
protected  by  an  annual  out­of­pocket
spending limit, but one in ten are not.
The high cost of this drug may raise pre­
miums  for  everyone,  says  Tricia  Neuman
of the Kaiser Family Foundation. Ms Neu­
man  and  her  colleague  Juliette  Cubanski
estimate that if 500,000 Medicare patients
receive Aduhelm, that could cost Medicare
and  its  patients  $29bn  in  one  year  (total
Medicare spending for all doctor­adminis­
tered  drugs  reached  $37bn  in  2019).  And
this  estimate  is  probably  conservative.
Nearly 2m Medicare patients used an Alz­
heimer’s treatment in 2017, and Biogen, in
an  investors’  presentation,  estimated  that
1m­2m will use the drug. If 1m patients are
treated, the cost could rise to $57bn.
That  is  why  two  committees  in  the
House  of  Representatives,  the  Committee
on Oversight and Reform and the Commit­
tee  on  Energy  and  Commerce,  have
launched an investigation into Aduhelm’s
price. Drug pricing has been a political is­
sue  for  years.  hr3,  a  bill  that  would  allow
the Department of Health and Human Ser­
vices  to  negotiate  drug  prices,  passed  the
House of Representatives in 2019 and was
reintroduced in April. Aduhelm, a triumph
for the pharmaceutical industry, is nowal­
so the poster­child for this campaign.n

WASHINGTON, DC
Aduhelm may not cure Alzheimer’s,
but it might help fix drug prices
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