Presidential debates. Daraprim. Martin Shkreli. Drug pricing is what everyone’s talking about.
Dr. Joshua P. Cohen, a research associate professor at the Tufts Center for the Study of Drug Development, wrote an excellent article that breaks down how drug prices are determined. He also shared some key facts that support the notion of the media wrongly singling out pharmaceutical companies for their increases in drug prices.
“Together, hospital and physician expenditures account for 6 times the spending on drugs. Despite a recent uptick in the rate of drug cost growth, over the past 10 years the pace of hospital and physician expenditures has exceeded prescription drugs.”
– Dr. Joshua P. Cohen
Read the original article here.
