Soaring Costs of Prescription Drugs in the US

Great article about the soaring costs of prescription drugs in the US.  The very same drugs are offered in other countries like Germany and the UK etc, at a small fraction of what we are asked to pay.  Who benefits?  The drug companies.  Since most countries have government limits on the costs of drugs, the drug companies make less of a profit in those countries (but still enough to continue selling there).  To make up for what they view as insufficient margins, they go crazy with the prices in the US, where there are no government limits.  The free market just doesn’t work when it comes to life saving medicines.  Unless you decide that only the lives of the rich are worth saving.

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About D. Posnett MD

Emeritus Prof. of Medicine at Weill Cornell Medical College
This entry was posted in Health Care and tagged , , , . Bookmark the permalink.

One Response to Soaring Costs of Prescription Drugs in the US

  1. mikeann919 says:

    The primary flaw in Medicare Part D legislation and also the ACA was bowing to the wishes of big pharma to leave out competitive bidding for pharmaceuticals.

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