Question

Why do drugs costs so much? Can we get prices down? how?

Answer 1

The simple explanation for excessive drug prices is monopoly pricing. Through patent protection and FDA marketing exclusivity, the U.S. government grants pharmaceutical companies a monopoly on brand-name drugs. But monopolies are a recipe for excessive prices.

Prices can be controlled by

Stop the rebate and co-pay card games. It's hard to fix drug prices if you can't figure out how much a drug actually costs.

Allow the government to negotiate drug prices. .

Reduce and/or eliminate patent exclusivity loopholes.