Tag: Prescription Drug Costs

It’s time for answers on high drug prices

Pharmaceutical companies claim that the high price of prescription drugs is due in part to the need to fund innovative research for new drugs, but a new study found that the numbers simply don’t add up. Researchers compared the cost of the 20 most prescribed drugs and found that they cost an average of 59% more in the United States than in other developed countries. What does this mean? American consumers pay $116 billion more per year for the same prescription drugs as people in other countries who are—in theory—supposed to be helping fund that same innovative research. With pharmaceutical ... Read more