Tag: prescription drug prices
Let Competition, Not Politicians, Bring Insulin Prices Down

Evidence suggests that competition, not politicians, would provide the best chance to help diabetics obtain their life-prolonging medication.

A Defense of “Big Bad Pharma”

Late last year Turing Pharmaceuticals provoked a serious backlash after hiking the price of the pill Daraprim from $13.50 to $750 per pill. The head of the company defended his firm against the criticism, but many found his arguments lacking. While we may question the overnight price jump of more than 5,400 percent, economics...
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Are Prescription Drug Prices Becoming as Meaningless as Hospital Charges?

Professor Jack Hoadley of Georgetown University recently gave an excellent presentation discussing prices of prescription drugs. Two slides stand out. First, a slide showing how much prescription spending is controlled by insurers and governments versus patients directly: As recently as 1990, patients controlled over half of drug spending. Today, it is under 20 percent....
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What Is Driving Health Prices?

The recent arrest of Martin Shkreli, former CEO of Turing Pharmaceuticals, on charges of securities fraud, reminds us that high prescription drug prices are today’s whipping boy for the costs of health care. Hillary Clinton and other politicians have promised to impose federal controls on pharmaceutical prices. However, prescription drugs have not been the...
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Why Are Prescription Prices Higher in the United States?

Jeanne Whalen of the Wall Street Journal has written a feature article comparing U.S. prescription drug prices to those overseas. Unsurprisingly, she find prices in other developed countries lower, and credits government price controls in other countries with (pretty much) all the difference. A vial of the cancer drug Rituxan cost Norway’s taxpayer-funded health...
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