Drug prices

High costs and shortages of pharmaceuticals are serious, ongoing issues. Drug prices in the US are among the highest in the world. A recent survey by the Rand Corporation looked at drug prices in 32 developed countries. US prices were the highest in the group and were more than twice the average of prices in other countries. What is especially troubling is that the products sold in many of these countries are the same drugs produced by the same manufacturers as those sold in the US at much higher prices.

When it comes to drug prices, consumers – and even third-party payers – have little bargai...