Speaker Johnson Is Right, Free Market Should Set Drug Prices, Not Government
Adding new layers of onerous federal regulations is never the answer for these types of problems in this country as it only makes our economic and healthcare challenges much worse
By Jeff Crouere —— Bio and Archives--January 11, 2024
American Politics, News | Comments | Back To Full Article
A Reuters report released just days ago uncovered that America’s leading drugmakers are raising prices yet again. Due to industry greed, the American people can expect to see more than 140 brands of drugs increase in cost over the next month.
Prior to the increase, on average, pharmaceutical costs are already higher in the United States than in any other country in the world. According to Bloomberg, the average American spends about $1,300 per year on pharmaceuticals. For a year’s supply of a newly launched drug, the costs have risen to $220,000 per year, an increase of more than 20% from 2021.
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