You Get Cheaper Drugs! You Get Cheaper Drugs! Or Do You?

The IRA was enacted in 2022 by the Biden Administration. (No, not the IRA concerning your retirement funds!) Known as the Inflation Reduction Act, the IRA helps those on Medicare by taking important steps to reduce drug prices.  For the first time in decades, Medicare is permitted to negotiate with companies to reduce costs of the most expensive drugs.  In addition, it is dramatically reducing prices of one key drug. Insulin prices were capped at $35/month for those on Medicare. While this legislation is a massive step in the right direction for equal and affordable access to drugs, it does not go far enough.

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My Ride to IP at Loyola

My first exposure to intellectual property (IP) unexpectedly started with t-shirts. If you asked me five years ago if it is easy to get approval for a phrase on a t-shirt, I probably would’ve said yes. However, now I know it can sometimes be anything but easy. In college, I was the President of Notre Dame’s (ND) Equestrian Team. To raise funds for the club, my fellow officers and I wanted to stamp “Ride Like a Champion Today” on t-shirts and sell them. We based this slogan off the “Play Like a Champion Today” phrase commonly used for ND Football. Expecting it to be a simple and quick process like our other t-shirt fund-raising campaigns, we sent in our mock-up for approval, but the athletics department answered with a resounding NO. What!?

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