Commentary: Drug Companies, Lower the List Price

Commentary: Drug companies, lower the list price

Every policymaker in America wants to lower prescription drug costs. The basic understanding is that drug costs are too high for some patients. How to lower drug costs is equally basic: the drug companies that set the prices should lower those prices. Unfortunately, drug companies have succeeded at muddying the path to achieving this universally shared objective. It’s time to speak clearly about our position on drug prices: America’s pharmacy be…

InsideSources: JC Scott – Drug Companies: Lower the List Price

The Administration’s recent proposal on drug prices rightly recognizes that Americans are getting ripped off by paying higher drug prices than anyone in the world, and Big Pharma’s response is to blame others in the supply chain. Yet the simple fact is: Big Pharma sets drug prices, hikes drug prices, and blocks more affordable drugs from competing in the market. Anti-competitive practices enable big drug companies to maintain monopolies and keep…