Should We Overhaul the Drug Development and Pricing System?

 

We shift the market to more expensive drugs because doctors are able to make more money on it.

Len Nichols Professor of Health Policy and Director, Center for Health Policy Rese...
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Should We Overhaul the Drug Development and Pricing System?

Setup

The high cost of pharmaceuticals gets a lot of public attention, but that is only the endpoint of a long pipeline that moves drugs from the laboratory, to clinical testing, to approval, and into the marketplace. In the era of precision medicine, we urgently need a system that supports the development of innovative therapies at every step — but just as urgently, we need strategies that allow consumers to gain access to them at reasonable prices. Eminent health economists look into the heart of the drug discovery framework and answer the question patients care most about: Can the system work better so we can pay for the therapies we need?

  • 2019 Health

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