Bringing sky-high prescription drug prices down to Earth
After a New York pharmaceutical company recently raised the price of a drug that’s been around for more than 60 years from $13 to $750 a pill, the nation appeared to collectively gasp over a seemingly capricious, “anything goes” approach to drug pricing. The move also revived a recurring debate over whether pharmaceuticals should have free rein to charge outrageously high prices for important medications.
Madness? Perhaps. But pharmaceutical companies are simply responding …
