Why are drug prices so high?
In this Grid News article you'll learn about:
- The high cost of drugs has generated fierce debate over whether the U.S. should intervene more heavily in drug pricing.
- A new Alzheimer's treatment has a list price of $56,000 a year; some are paying $1,000 per month for insulin.
- Bill unveiled last week would allow Medicare to negotiate drug prices with pharmaceutical companies. Critics warn this will make drugs less profitable and drive down research for new drugs. CBO estimates 15 of 1,300 drugs wouldn't be brought to market over next 30 years due to lost revenues.