Posted by Michael Wonder on 14 Oct 2019
Why high drug prices persist despite the fact good medicines are lowering health care spending
14 October 2019 - Here are a few things we know to be true.
● Healthcare spending in the U.S. is too high
● Drug prices in the U.S. are growing rapidly
● Drug prices in the U.S. are higher than they are in other parts of the world
Based on these facts, you’d think high drug prices are causing healthcare spending to accelerate. However, you’d be wrong. Healthcare spending is growing less than expected right now, largely because some excellent medicines are keeping people healthier than they otherwise would be (and thus reducing their need for more expensive medical care).
