The problem with prescription drug prices

CBS News

6 May 2018 - What one city did to fight high drug prices reveals a drug supply chain in which just about every link can benefit when prices go up.

The Rockford File is the story of how one very expensive prescription drug threatened to financially cripple an entire city. That city is Rockford, Illinois, an old industrial town outside of Chicago. Rather than using a health insurance company, Rockford has, for years, paid its own health care costs for its 1,000 employees and their dependents.

When Rockford got hit with the drug bill it was so enormous the mayor at the time set out to understand why.

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Michael Wonder

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Michael Wonder