---
title: 'Funding Daily Summary: What Happened on October 20, 2026'
headline: Shrank proposes shared pool to pay for cell and gene therapies
description: The proposal would spread treatment costs across insurers and employers
  as some therapies exceed $4 million per treatment.
url: https://thebench.bio/news/funding/2026-10-20
topic: funding
date: '2026-10-20'
covers:
- '2026-10-20'
date_published: '2026-10-21T00:01:07Z'
date_modified: '2026-10-21T00:01:07Z'
tags:
- Industry
sources: 1
publisher: TheBench.Bio
---

# Funding Daily Summary: What Happened on October 20, 2026

**Shrank proposes shared pool to pay for cell and gene therapies**

The proposal would spread treatment costs across insurers and employers as some therapies exceed $4 million per treatment.

## Today in brief

Will Shrank proposed pooling payments and risk to preserve access to cell and gene therapies, some of which can cost more than $4 million per treatment. [1]

## The day in numbers

- **More than $4 million**: Some cell and gene therapies can cost this much per treatment. [1]

## Sources

1. [A Radical Proposal to Preserve Cell and Gene Therapy Innovation](<https://medcitynews.com/2026/10/a-radical-proposal-to-preserve-cell-and-gene-therapy-innovation/>), MedCity News, 2026-10-20

---

TheBench.Bio wrote this from the reporting cited above, with a language model drafting and editing.

[1]: <https://medcitynews.com/2026/10/a-radical-proposal-to-preserve-cell-and-gene-therapy-innovation/>