Medication prices continue to be a major concern for many Americans. Recent months have seen a deluge of stories of drugs with $100,000+ price tags. A 2015 poll found that a third of patients saw a price increase in their medications last year. The problem is that these price increases have different causes, making it difficult to solve all the issues. With advances in science we have seen development of new, highly successful drugs sometimes costing as much as $1000 per pill. These prices are often seen as justified when researchers look at the benefits of a curative versus the […]
Tag: Kaiser Family Foundation
Why Drug Prices Skyrocket
Drug prices continue to be a major concern for Americans. According to a Kaiser Family Foundation Health Tracking Poll published today, 77% of those surveyed said medication costs were their number one health concern, reflecting recent headline-making increases. Furthermore, 63% support government action to lower prescription drug costs as a top priority. Compared to a study by the same organization from August, the results are largely the same with notably increased support of government intervention. The United States is the only developed nation that allows drug makers to set their own prices. Throughout Europe, Canada, and Australia, governments negotiate […]